tomo logo

$399,900

Beds
1
Baths
1.0
sq ft
528

266 Mabry Ln, Morganton, GA 30560

266 Mabry Ln

Morganton, GA 30560

  • 6 days on market
This absolutely adorable and very well-maintained 1BR - 1BA Cabin sits on 0.55 acres with 250+ feet of loud water on the picturesque Collins Creek, which is a Hemptown Creek Tributary. There are no restrictions on this property. Very successful short term rental generating $42K in 2024. Being sold fully furnished / turnkey, there is plenty of parking for guests and although this is a small cabin, the space is very well laid out. Refurbished kitchen with new appliances, granite countertops, and cabinets and also refurbished the bathroom with new sink, shower, hardware, etc. Located approximately 15 minutes from both Blue Ridge and Blairsville, you will have your pick of shopping, restaurants, and all that the beautiful North Georgia Mountains have to offer, including hiking, rafting, fishing, USFS land etc. Don't delay - in this market, this cabin will not last long!

Details

Property type

Single Family Residence

Est. home value

$319,598

Lot size

0.55 acres

Price per sq ft

$758

Year built

1995

HOA

Yes

Price History

01/09/2025
NortheastGA

NortheastGA #412417

Listed
$399,900
+37.94%
02/09/2022
GeorgiaMLS

GeorgiaMLS #20008813

Sold
$289,900

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

$123,225
Asking price
$399,900
Closing costs (~8% of asking)
-$31,992
Est. remaining loan balance
-$244,683
Cash to seller
$123,225

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

February 2022

Original loan amount

$260,910

Est. remaining balance

$244,683

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Ronnetta L Hall

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: 01/15/2025 at 1:30 PM

Listing updated: 01/11/2025 at 9:52 AM

Listed by: Roger Remington, Coldwell Banker High Country Realty - Blue Ridge Phone #: (706) 632-7311

MLS: NortheastGA #412417

NortheastGA logo

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