tomo logo

$500,000

Beds
3
Baths
3.0
sq ft
2,366

455 Old Cherokee Rd, Cleveland, GA 30528

455 Old Cherokee Rd

Cleveland, GA 30528

  • 78 days on market
    • Price drop $25,000↓
Welcome to your dream cabin! This luxurious, income-producing 3-bedroom, 3-bathroom retreat on 1.88 acres is fully furnished and ready for you. With natural wood finishes and a stunning floor-to-ceiling stone fireplace, this cabin offers comfort and elegance. The master suite is on the main level, with a second master suite upstairs and an additional suite on the terrace level, which also features a spacious game room and extra sleeping area. Enjoy the sounds of a rushing creek and walking trails from all decks, or relax in the hot tub and gather around the fire pit with included outdoor furniture. Accommodating up to 10 guests, this turn-key cabin has a proven rental income of close to $50,000 per year, making it a perfect vacation home or investment property. Don’t miss out on this opportunity to add a high-yield asset to your portfolio!

Details

Property type

Single Family Residence

Est. home value

$606,249

Lot size

1.88 acres

Price per sq ft

$212

Year built

2007

Annual property taxes

$2,874

Price History

08/28/2024
FMLS

FMLS #7421176

Price change
$500,000
-4.76%
07/18/2024
FMLS

FMLS #7421176

Listed
$525,000
+9.6%
08/23/2021
FMLS

FMLS #6906079

Sold
$479,000
+219.33%

Schools & Community

Elementary school: 

Mossy Creek

Middle school: 

White County

High school: 

White 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

$102,658
Asking price
$500,000
Closing costs (~8% of asking)
-$40,000
Est. remaining loan balance
-$357,342
Cash to seller
$102,658

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 Commonwealth Mortgage

Loan start date

August 2021

Original loan amount

$383,200

Est. remaining balance

$357,342

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Frederick Gilliland and Gilliland Susan Earlene Reno

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: 10/04/2024 at 11:50 PM

Listing updated: 08/28/2024 at 2:25 PM

Listed by: Brandon Watts, Virtual Properties Realty.com Phone #: (770) 495-5050

MLS: FMLS #7421176

FMLS logo

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