tomo logo

$850,000

Beds
5
Baths
3.0
sq ft
Unknown

148 Cumberland Ln, Epworth, GA 30541

148 Cumberland Ln

Epworth, GA 30541

  • 77 days on market
Welcome to your dream getaway! This large, well-maintained log cabin on 100 feet of Fightingtown Creek is the ultimate vacation rental, offering a lucrative investment with over $101K in gross revenue this year alone—and there's still time left to book more dates! Boasting 6 sleeping spaces and 3 full bathrooms, this cabin is perfect for large families, groups of friends, or guests seeking a serene retreat. The spacious basement game room ensures plenty of indoor fun, while the two screened-in porches with comfortable seating areas and a relaxing hot tub provide the perfect spot to enjoy the sounds of the creek below. With 100 feet of creek frontage, the property features a large dock ideal for fishing or simply soaking in the tranquil surroundings. The firepit by the creek adds to the charm, making it the perfect place for evening gatherings under the stars. Whether you’re seeking a vacation home or a high-performing rental property, this cabin is the total package. Well maintained and upgraded, it’s ready to continue its success as a short-term rental, offering both comfort and profitability. Don’t miss out on this incredible opportunity to own a slice of creekside paradise in the heart of Blue Ridge!

Details

Property type

Single Family Residence

Est. home value

$616,193

Lot size

0.61 acres

Price per sq ft

Unknown

Year built

1998

Annual property taxes

$1,730

Monthly HOA fee

$8.33

Price History

10/07/2024
FMLS

FMLS #7467851

Listed
$850,000
+50.44%
11/18/2022
FMLS

FMLS #7054655

Sold
$565,000

Schools & Community

Elementary school: 

West Fannin

Middle school: 

Fannin County

High school: 

Fannin County

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

$340,512
Asking price
$850,000
Closing costs (~8% of asking)
-$68,000
Est. remaining loan balance
-$441,488
Cash to seller
$340,512

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

Seller’s Loan History

Lender

Pennymac Loan Services

Loan start date

November 2022

Original loan amount

$452,000

Est. remaining balance

$441,488

Interest rate

6.7%

Loan type

New Conventional, 30 year

Seller

Joseph Michael Gizzi and Casey Jennings

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: 12/23/2024 at 9:10 PM

Listing updated: 10/17/2024 at 9:35 AM

Listed by: Faith Doldo, HomeSmart Phone #: (404) 876-4901

MLS: FMLS #7467851

FMLS logo

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