tomo logo

$2,399,999

Beds
8
Baths
5.0
sq ft
6,536

132 Oak Ridge Way, Morganton, GA 30560

132 Oak Ridge Way

Morganton, GA 30560

  • 116 days on market
This turnkey, income-producing, dream rental property with a full calendar and repeat guests is ready for the next savvy investor. With an impressive annual revenue, this cabin offers something for everyone, from the large theater room, to the heated pool with massive sunbathing deck (24 chairs!!), long range mountain views, outdoor playset, newly built firepit, all paved access, gameroom with trampoline...your friends or guests will never be bored! And best of all, the rental history...Boasting a gross income of $345,000 in 2023 and on track to match or exceed that figure in 2024, this property represents a solid investment opportunity with additional revenue and booking data available. Due to full calendar, showings only available 6/17 and 6/30. Schedule your appointment to view Wonder Lodge today!

Details

Property type

Est. home value

$1,161,880

Lot size

1.32 acres

Price per sq ft

$368

Year built

1997

Monthly HOA fee

$133.33

Price History

06/11/2024
NortheastGA

NortheastGA #404580

Listed
$2,399,999
+144.9%
01/05/2022
GeorgiaMLS

GeorgiaMLS #9069551

Sold
$980,000

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

$2,117,299
Asking price
$2,399,999
Closing costs (~8% of asking)
-$192,000
Est. remaining loan balance
-$90,700
Cash to seller
$2,117,299

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

Seller’s Loan History

Lender

Rbc Bank Usa

Loan start date

October 2007

Original loan amount

$370,000

Est. remaining balance

$90,700

Interest rate

6.62%

Loan type

New Conventional, 20 year

Seller

Arthur Blumen and Shirley A Whitton

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: 10/06/2024 at 2:20 AM

Listing updated: 06/27/2024 at 11:19 AM

Listed by: Faith Doldo, HomeSmart Corporate Phone #: (770) 475-1130

MLS: NortheastGA #404580

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