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$1,650,000

Beds
5
Baths
3.0
sq ft
3,168

422 Timpson Cove Rd, Clayton, GA 30525

422 Timpson Cove Rd

Clayton, GA 30525

  • 96 days on market
Furnished 5 bedrooms, 3 bathrooms, fee simple, lake front with dock, .7 acre, onsite car and boat trailer parking. 7 miles, 10 minutes to downtown Clayton. Walking distance (.2 miles) to Anchorage Marina and (.3 miles) to Farmhouse Market. Zoned vacation rental with rental permit. Perfect combination of smart investment income property and a place to make family memories. 100 miles to Buckhead, Atlanta, Ga; 40 miles to Cashiers, NC; 30 miles to Highlands, NC; 20 miles to Sautee; 15 miles to Dillard, GA. Recent renovations include: * New wood burning fireplace with stone surround * New outdoor copper firepit with surrounding gravel, chairs, and string lights * New pine flooring in two king bedrooms * New paint throughout * New kitchen appliances and counters * New bathroom vanity * All new light fixtures * Full basement renovation * New outdoor games including badminton, beach tennis, and corn hole * Rustic Countrysides landscaping Furnishings include beds, linens, TVs, couches, tables, lamps, fully stocked kitchen, console tables, book cases, rugs. Rental permit and dock permits both current. July 2024 appraisal for $1,750,000.

Details

Property type

Single Family Residence

Est. home value

$962,531

Lot size

0.74 acres

Price per sq ft

$521

Year built

1945

Annual property taxes

$3,383

Price History

06/16/2024
FMLS

FMLS #7405184

Listed
$1,650,000
+230%
07/06/2018
FMLS

FMLS #6012167

Sold
$500,000

Schools & Community

Elementary school: 

Rabun - Other

Middle school: 

Rabun - Other

High school: 

Rabun - Other

Community features: 

Lake

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Southern First Bank

Loan start date

February 2023

Original loan amount

$500,000

Est. remaining balance

Not provided

Interest rate

5.73%

Loan type

Commercial, 15 year

Seller

Tch Jlh Investments Llc

Lender

Southern First Bank

Loan start date

August 2021

Original loan amount

$380,000

Est. remaining balance

Not provided

Interest rate

2.22%

Loan type

Commercial, 10 year

Seller

Tch Jlh Investments Llc

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: 09/19/2024 at 11:35 PM

Listing updated: 09/05/2024 at 3:35 PM

Listed by: Christy Harris, Beacham and Company Phone #: (404) 261-6300

MLS: FMLS #7405184

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