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$689,999

Beds
3
Baths
2.0
sq ft
2,417

1134 Hidden Lake Dr, Cherry Log, GA 30522

1134 Hidden Lake Dr

Cherry Log, GA 30522

  • 110 days on market
    • Price drop $8,001↓
Beautiful 3 bed/3 bath log home tucked away in the back of the Hidden Lake community, minutes from downtown Blue Ridge and Ellijay. Rustic features abound in this impressive chink log home. Open kitchen and dining room with granite countertops and stainless appliances. Once you enter the largest primary suite you have ever seen (22x22)with its balcony and stunning double shower and tile work, you will never want to leave. Spacious enough for full-time living or just a great weekend getaway, but also ideal for guests as a vacation rental. Subdivision does allow short term rentals. Home has new gas logs/ new hvac/New generator/ Tankless water heater/Fenced yard. Community has lake access to a stocked pond. What I love about this cabin is its location along with its rustic design that makes me feel like I am in Wyoming. Cabin is located back in a hollow surrounded by the mountain on 3 sides. This location allows all the strong winds to go above. it is also at the very end of the circle, no matter which way you go, so it gets very little traffic. Owner just replaced roof with 50yr shingles that has transferrable warranty. ETC just ran Fiber Internet to neighborhood. Furnishings negotiable on separate bill of sale.

Details

Property type

Single Family Residence

Est. home value

$657,236

Lot size

1.57 acres

Price per sq ft

$286

Year built

1987

Annual property taxes

$4,030

Monthly HOA fee

$100

Price History

09/30/2024
FMLS

FMLS #7405335

Price change
$689,999
-1.15%
06/17/2024
FMLS

FMLS #7405335

Listed
$698,000
+10.79%
04/14/2022
GeorgiaMLS

GeorgiaMLS #10024866

Sold
$630,000
+59.49%

Schools & Community

Elementary school: 

Clear Creek - Gilmer

Middle school: 

Gilmer - Other

High school: 

Gilmer

Community features: 

None

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

$183,373
Asking price
$689,999
Closing costs (~8% of asking)
-$55,200
Est. remaining loan balance
-$451,426
Cash to seller
$183,373

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

Seller’s Loan History

Lender

Crosscountry Mortgage

Loan start date

April 2022

Original loan amount

$472,500

Est. remaining balance

$451,426

Interest rate

3.89%

Loan type

New Conventional, 30 year

Seller

Jeremiah Gilley and Jaysma Gilley

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: 10/04/2024 at 10:10 PM

Listing updated: 09/30/2024 at 7:25 PM

Listed by: Ben Shelley, Sun Realty Group, LLC. Phone #: (404) 410-0035

MLS: FMLS #7405335

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