tomo logo

$485,000

Beds
3
Baths
3.0
sq ft
1,920

1315 My Mountain Rd, Morganton, GA 30560

1315 My Mountain Rd

Morganton, GA 30560

  • 300 days on market
    • Price drop $23,000↓
Check out this three bedroom, three bath true log cabin w/ a Short-Term Rental history! Embrace this gorgeous, true log as your private home or as an income producing STR property. This well-built cabin nestled in the My Mountain Community is less than 8 scenic miles from beautify and trendy, Blue Ridge, GA. Main level living contains the living room w/ gas log fireplace, dining room, & bedroom along w/ a full bath & additional storage. Upstairs, you will find the primary bedroom, full bath, Juliette balcony & views galore. All paved roads will escort you to your mountain retreat. Porches and balconies face the view & are ready for you to entertain family & friends in this relaxing community. Take your morning coffee on one of the outdoor areas & be on a first name basis w/ the local deer. A respectable long range mountain view is also an added perk of this lovely cabin! This property assures privacy by having one bedroom & one full bath on each level. The one car garage is found on the ground level & abundant driveway parking provides easy parking for several more vehicles. Some furnishings can be negotiated into the transaction as well.

Details

Property type

Est. home value

$553,768

Lot size

0.38 acres

Price per sq ft

$253

Year built

1999

Monthly HOA fee

$25

Price History

06/18/2024
NortheastGA

NortheastGA #330954

Price change
$485,000
-4.53%
03/27/2024
NortheastGA

NortheastGA #330954

Price change
$508,000
-13.16%
01/10/2024
NortheastGA

NortheastGA #330954

Listed
$585,000
+67.62%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Fannin County

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

$191,116
Asking price
$485,000
Closing costs (~8% of asking)
-$38,800
Est. remaining loan balance
-$255,084
Cash to seller
$191,116

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

Seller’s Loan History

Lender

Firstbank

Loan start date

December 2020

Original loan amount

$279,200

Est. remaining balance

$255,084

Interest rate

2.78%

Loan type

New Conventional, 30 year

Seller

Rebecca White and Herman Lorenzo Durias

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?

Status: Active

Tomo last checked: 11/05/2024 at 10:35 AM

Listing updated: 07/20/2024 at 6:55 PM

Listed by: Brian Tesoriero, BHGRE Metro Brokers - Blue Ridge Phone #: (706) 946-3800

MLS: NortheastGA #330954

NortheastGA logo

Recently listed in Morganton