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$612,000

Beds
2
Baths
1.0
sq ft
1,176

141 Barnes Creek Dr, Ellijay, GA 30540

141 Barnes Creek Dr

Ellijay, GA 30540

  • 33 days on market
Amazing story book cabin; escape to tranquility. This is truly a picturesque setting and a very unique Short Term Rental. 12 month total rental revenue (Sept. '23 - Aug. '24) was over $35K. 2 Bedroom, 1 Bathroom on two acres, directly on Barnes Creek! From the porch and lush yard, enjoy the water view, with wonderful waterfalls that provide noisy flowing water sounds. Floor-to-ceiling stone fireplace, vaulted ceilings and an open floor plan make this a welcoming retreat. Stainless steel appliances, updated subway tiled backsplash and leathered granite countertops in the kitchen. There's a whole house Generac generator, recent HVAC and washer & dryer, tankless water heater and carbon monoxide detectors. Enjoy your serenity and seclusion, while connecting with high-speed fiber internet. Outdoors, this property has two foot bridges, a small barn, pavilion with a masonry fire pit, and a rock wall along the creek. This is truly a peaceful paradise. Located just 11 miles from downtown Ellijay, in the Cohutta Wilderness area. This property is surrounded by Chattahoochee National Forest, just 2 miles from Barnes Creek Falls, 10 miles from Conasauga Lake and a short distance from Fort Mountain State Park. Enjoy hiking, biking, kayaking and more. All furnishings negotiable.

Details

Property type

Single Family Residence

Est. home value

$459,396

Lot size

2.00 acres

Price per sq ft

$521

Year built

1997

Annual property taxes

$1,585

HOA

No

Price History

10/15/2024
FMLS

FMLS #7465525

Listed
$612,000
+28.57%
05/26/2023
FMLS

FMLS #7203083

Sold
$476,000

Schools & Community

Elementary school: 

Mountain View - 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

$141,806
Asking price
$612,000
Closing costs (~8% of asking)
-$48,960
Est. remaining loan balance
-$421,234
Cash to seller
$141,806

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

Seller’s Loan History

Lender

Nexbank

Loan start date

May 2023

Original loan amount

$428,400

Est. remaining balance

$421,234

Interest rate

6.28%

Loan type

New Conventional, 30 year

Seller

Brittany Ruth Cannon and Christopher Michael Cannon

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: 11/05/2024 at 11:40 AM

Listing updated: 10/27/2024 at 3:40 PM

Listed by: Shawn Mcneely, UC Premier Properties Phone #: (833) 886-5263

MLS: FMLS #7465525

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