tomo logo

$525,000

Beds
2
Baths
2.0
sq ft
1,104

405 Riveredge Ln, Ellijay, GA 30540

405 Riveredge Ln

Ellijay, GA 30540

  • 112 days on market
This charming property boasts a picturesque location with direct Coosawattee River frontage, offering serene views and the soothing sounds of the river flowing by. The cozy cabin features 2 bedrooms, 2 bathrooms, wood floors and vaulted ceilings. Whether you're seeking a permanent residence, vacation retreat, or short term rental, this property has much to offer. The neighborhood itself is a haven for recreational enthusiasts, offering an array of amenities to keep you entertained year-round. You'll have access to an indoor pool for year-round use and two outdoor pools, perfect for enjoying the warm Georgia summers. For sports enthusiasts, the community offers tennis and pickleball courts, where you can challenge friends and neighbors to friendly matches. Beyond the amenities, the surrounding area offers a plethora of outdoor activities, from hiking and fishing to kayaking and exploring the natural beauty of the North Georgia mountains.

Details

Property type

Single Family Residence

Est. home value

$550,933

Lot size

0.94 acres

Price per sq ft

$476

Year built

1990

Monthly HOA fee

$80

Price History

09/02/2024
NortheastGA

NortheastGA #407784

Listed
$525,000
-1.87%
08/31/2024
NortheastGA

NortheastGA #404476

Removed
$535,000
06/07/2024
NortheastGA

NortheastGA #404476

Listed
$535,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Tennis Court(s), Fitness Center, Gated

High school district: 

Gilmer 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

$443,092
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$39,908
Cash to seller
$443,092

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

Seller’s Loan History

Lender

United Community Bank

Loan start date

April 2017

Original loan amount

$50,000

Est. remaining balance

$39,908

Interest rate

4.21%

Loan type

Not Provided, 25 year

Seller

Kenneth Lynch and Debra A Lynch

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 1:40 AM

Listing updated: 09/02/2024 at 3:36 AM

Listed by: Michael Stover, REMAX Town & Country - Ellijay Phone #: (706) 515-7653

MLS: NortheastGA #407784

NortheastGA logo

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