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$1,000,000

Beds
3
Baths
2.5
sq ft
2,219

10 Bear Hollow Way, Cherry Log, GA 30522

10 Bear Hollow Way

Cherry Log, GA 30522

  • 65 days on market
    • Price drop $199,900↓
Welcome to 10 Bear Hollow Way, a secluded mountain retreat situated on over 12 acres of pristine land in the sought-after Goose Island Hideaway community. This rare property offers the ultimate in privacy and natural beauty with river and creek frontage, a stunning waterfall, and scenic trails that wind through the property. Take in the year-round mountain views while relaxing on the expansive covered porches, including a screened-in porch that overlooks the forested landscape. This thoughtfully designed home offers single-level living with remodeled bathrooms and a spacious kitchen equipped with top-tier appliances, including a Thermador gas cooktop, Thermador oven, warming drawer, microwave, and a Sub Zero refrigerator. The home also features a dual fuel HVAC system to keep you comfortable year-round. The spa-like master suite includes a custom zero-entry tile shower, dual vanities, and a walk-in closet. Two additional bedrooms, a full bath, and a half bath provide ample space for family or guests. The great room is a warm gathering space with vaulted ceilings and a gas log fireplace. Outside, a 16x32 workshop with finished space above offers endless possibilities, while the oversized two-car garage provides plenty of room for vehicles and storage. In the front yard, a beautiful waterfall and pond feature enhance the tranquil mountain setting. With two lots, this property also offers the opportunity for a second build, adding even more value to this extraordinary retreat. Whether you're seeking a peaceful getaway or a year-round residence, 10 Bear Hollow Way is a one-of-a-kind property in a truly special location.

Details

Property type

Cabin

Est. home value

$696,722

Lot size

12.65 acres

Price per sq ft

$451

Year built

2005

Monthly HOA fee

$93.33

Price History

11/15/2024
GeorgiaMLS

GeorgiaMLS #10385462

Price change
$1,000,000
-16.66%
09/19/2024
GeorgiaMLS

GeorgiaMLS #10385462

Listed
$1,199,900

Schools & Community

Elementary school: 

Ellijay Primary/Elementary

Middle school: 

Clear Creek

High school: 

Gilmer

Community features: 

Gated

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$780,878
Asking price
$1,000,000
Closing costs (~8% of asking)
-$80,000
Est. remaining loan balance
-$139,122
Cash to seller
$780,878

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Vanderbilt Mortgage

Loan start date

May 2021

Original loan amount

$150,000

Est. remaining balance

$139,122

Interest rate

3.13%

Loan type

New Conventional, 30 year

Seller

Robert L Nelson and Nelson Liv Tr

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/23/2024 at 4:00 AM

Listing updated: 11/18/2024 at 6:55 AM

Listed by: AJ Petrillo, RE/MAX Town & Country

MLS: GeorgiaMLS #10385462

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