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267 Reservoir Hill Road
Elk Park, NC 28622
$399,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2264
Property Description
This mountain home comes with lots of possibilities, with three levels, three full baths, and four bedrooms, as well as a separate building just waiting for your imagination! The home's second floor allows for different possibilities, with one bedroom/full bath, and a larger room which has variously been utilized as another bathroom and an exercise room. The lower-level can be separated from the upper levels with outside access, allowing it to be utilized as a separate rental. The additional structure on the property can easily be remodeled to use as yet another separate rental unit. All this, coupled with wood floors throughout, nearly new stainless steel appliances, new granite counters, and board and batten throughout, make this a mountain gem which has been meticulously maintained. The creative flow of the house permits traditional living while also allowing for imaginative use of space with different living and entertaining options. The large back yard features both an open space as well as a fenced-in area which can be used as either a dog run, or a safe, contained children's play area. Recreate that "Mayberry" feel by enjoying cool summer nights on the huge wrap-around deck which sits at a perfect elevation--not too hot, not too cold, with easy year-round access to the main road (US-19E). This property is separate enough that it remains serene, yet is close enough to area attractions that it can be thought of as being in the middle of everything! Mountain nightlife can be had just a few minutes away near the Appalachian Trailhead at The Appalachian Station. A half-hour drive brings you to the ski destinations of Beech and Sugar Mountains, the quaint town of Banner Elk, the wonder of Linville's wildlife natural area, caverns, and falls, and the small town of Newland. Downtown Elk Park is three minutes away. The larger towns of Boone and Johnson City Tennessee are within a forty-minute drive. Don't miss this one. The possibilities are endless!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2004
MLS Number
248473
Location
Address
267 Reservoir Hill Road
City
Elk Park
State
NC
Zip Code
28622
County
AVERY
Listing
Provider
Century 21 Mountain Vistas, original listing
Name
Century 21 Mountain Vistas
Phone
(828) 264-9111
Office Name
Century 21 Mountain Vistas
Office Phone
(828) 264-9111
Agent Name
Eric Thomas

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.