103 Black Point Dr, Newland, NC 28657

103 Black Point Drive, Newland, NC 28657 $749,999 ($110,000 below appraisal) (Rate and term dependent on qualifying the buyer) Your new mountain home awaits!! Keep scrolling for more details on this North Carolina mountain luxury home~ This 4 bedroom (3 bedroom + bonus/bunk room!), 2.5 bath mountain home in the Linville Falls community offers a hot tub and a big yard. Situated in the Blackpoint at Linville Falls gated community surrounded by million dollar homes, and overlooking the Linville Falls Winery, just 1 mile off the Blueridge Parkway, this is sure to be your favorite getaway or primary residence! Tastefully designed and decorated, this is the perfect fit for a small family or group of friends looking to unwind. The main level offers a spacious gathering area with hardwood floors, vaulted ceilings, and a gas fireplace with space for a TV to be mounted above. The kitchen is nicely updated with granite counters, stainless appliances, vent hood, and a tiled backsplash. Down the hall is a half bath, laundry room, and suite with a private bath with tiled shower and jetted bathtub. Upstairs are three more bedrooms that share the second full bath with double vanities and a tub/shower combo. Outside, enjoy the refreshing mountain air on the covered porch. Grill up a delicious dinner on the gas grill, play some tag or football in the yard, and then relax in the hot tub. Perfectly located less than 5 minutes to the Linville Falls Winery and an access point to the Blue Ridge Parkway, with the towns of Linville, Marion, Banner Elk and more all just a short drive. IMPORTANT NOTES: - Has been used as a vacation rental home from 2019 – 2023 averaging over $63,000 in rent income for the past two years. Currently a MTR rental for a contract nurse, which expires on May 30, 2024. It is forecasted to gross $72,650 annually, moving back into STR. Cash on Cash estimated ROI is 11.49% beginning in January 2025. Proforma: SEE PHOTO Note: The AirDNA revenue Calculator" tool is based on estimations built from the 50 closest active comparable properties to an address (ANY address) and this is not based on any property that may be located within that address.” This property has historical income data and a June 2023 DSCR hard appraisal of $5,100/mo. and $860,000 valuation which is available upon request. NEWLAND, NC SELLER FINANCED HOME?? -103 Black Point Drive, Newland, NC 28657 - Newland is located in Avery County, NC - Minutes from Blue Ridge Parkway, Linville Falls and a short drive to wineries and ski resorts - Single Family - 4 Bedroom, 2 Bath (includes Bunk/Bonus Room) - 2,553 Square Feet - Attached Garage - Outdoor Patio Area - Winery/Mountain Views - Granite Counters - Master Bath with Jacuzzi Tub - Built in 2008 as developer’s model. It was not occupied until 2018 as a residence. - NO STR restrictions - CURRENTLY OFF MARKET