tomo logo

$489,000

Beds
3
Baths
3.0
sq ft
2,316

187 Pleasant Gap Cemetery Dr, Ellijay, GA 30540

187 Pleasant Gap Cemetery Dr

Ellijay, GA 30540

  • 26 days on market
Welcome to your dream cabin in Ellijay, GA! This cozy, furnished, turn-key retreat is the perfect spot for full-time living, part-time escapes, or a lucrative vacation rental. Nestled on a sprawling 0.89 acres in the charming Wildwood Subdivision, this 2,316 square feet of finished space and 192 square feet of unfinished space quaint cabin boasts 3 bedrooms and 3 bathrooms, including a bonus room in the basement and a garage that can be a fun game room! Enjoy relaxing on the large screened in porch with a hot tub, or unwind by the stacked stone gas fireplace that could be converted to wood burning in the inviting living room with beautiful hardwood floors. The updated kitchen features granite countertops, custom cabinets, and a convenient pantry. With minimal HOA restrictions and a history of impressive rental income-$49,001.77 in gross income for 2023, and $30,774.70 already earned this year, plus $8,605.80 in future bookings-you can enjoy both personal use and investment potential. Recent improvements include new exterior siding, a roof that is only 4 years old, a 1 year old water heater, dishwasher, and new furniture, plus a remodeled kitchen, high speed internet, freshly gravel driveway, and a firepit. Don't miss out on this delightful cabin retreat-schedule your showing today! Welcome to your dream cabin in Ellijay, GA! This cozy, furnished, turn-key retreat is the perfect spot for full-time living, part-time escapes, or a lucrative vacation rental. Nestled on a sprawling 0.89 acres in the charming Wildwood Subdivision, this quaint cabin boasts 3 bedrooms and 3 bathrooms, including a bonus room in the basement and a garage that can be a fun game room! Enjoy relaxing on the large screened in porch with a hot tub, or unwind by the stacked stone gas fireplace that could be converted to wood burning in the inviting living room with beautiful hardwood floors. The updated kitchen features granite countertops, custom cabinets, and a convenient pantry. With minimal HOA restrictions and a history of impressive rental income-$49,001.77 in gross income for 2023, and $30,774.70 already earned this year, plus $8,605.80 in future bookings-you can enjoy both personal use and investment potential. Recent improvements include new exterior siding, a roof that is only 4 years old, a 1 year old water heater, dishwasher, and new furniture, plus a remodeled kitchen, high speed internet, freshly gravel driveway, and a fire-pit. Don't miss out on this delightful cabin retreat-schedule your showing today! HOA fee is $500 a year for road and common ground maintenance. Shared well is an additional $300 a year! Contact our trusted lender Dawn Kendall at Homeowners Financial NMLS 450804

Details

Property type

Single Family Residence

Est. home value

$443,330

Lot size

0.89 acres

Price per sq ft

$212

Year built

2005

Annual property taxes

$2,728

Monthly HOA fee

$41.67

Price History

10/09/2024
FMLS

FMLS #7468374

Listed
$489,000
+125.35%
09/01/2020
FMLS

FMLS #6609901

Sold
$217,000
+93.75%
03/25/2011
FMLS

FMLS #4159306

Sold
$112,000

Schools & Community

Elementary school: 

Clear Creek - Gilmer

Middle school: 

Clear Creek

High school: 

Gilmer

Number of units in community: 

1

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

$155,272
Asking price
$489,000
Closing costs (~8% of asking)
-$39,120
Est. remaining loan balance
-$294,608
Cash to seller
$155,272

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

Seller’s Loan History

Lender

First Bank

Loan start date

September 2022

Original loan amount

$303,750

Est. remaining balance

$294,608

Interest rate

5.51%

Loan type

New Conventional, 30 year

Seller

Michael King and Maria King

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: 11/05/2024 at 11:10 AM

Listed by: Emily Reece, RE/MAX Town And Country Phone #: (706) 515-7653

MLS: FMLS #7468374

FMLS logo

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