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$729,000

Beds
3
Baths
3.0
sq ft
2,460

476 Prince Mountain Rd, Cherry Log, GA 30522

476 Prince Mountain Rd

Cherry Log, GA 30522

  • 164 days on market
    • Price drop $20,900↓
An Amazing 3/3 Cabin that is an income producing property with a 4.9 star rating on Airbnb...$55K in gross rental revenue lodge style cabin on almost 3 acres with long range mountain view. This Cabin is fully decorated & furnished cabin with stocked kitchen (pots/pans/plates/silverware) and rental supply cabinet with sheets/towels/linens/cleaning supplies/etc. to support short-term rental activity (literally turnkey where new owner could list the first day of ownership...even have board games/DVDs and more to support renters) This cabin features year round mountain views, 3 oversized bedrooms, true wood burning fireplace, open floor plan, and grand great room with massive floor to ceiling windows to take in the incredible view! Plenty of outdoor spaces perfect for entertaining with a fire pit area, hot tub and private 3 acres bordering a small branch. Peaceful drive in to the property along the banks of the trout waters of Fightingtown Creek - Conveniently located between the downtowns of Blue Ridge and Ellijay, you are an easy drive to all Blue Ridge has to offer including Lake Blue Ridge, the Cohutta Wilderness area, hiking, kayaking, wineries, and all the best shopping, and dining destinations and N GA's premiere trophy trout fishing stream! New Whirlpool stainless kitchen appliances. New well / pump to support shared well agreement (now have 2 wells supporting both cabins) New 2,500 gallon water storage tank (which is supplied/filled by both wells) to support short-term rental activity. New Granite countertops and new sink/faucet in kitchen, New Smart thermostats on both main and second levels (Nest), New Ring floodlight camera and New Lifeproof LVP flooring (water and scratch proof) in basement

Details

Property type

Single Family Residence

Est. home value

$693,819

Lot size

2.95 acres

Price per sq ft

$297

Year built

2001

Annual property taxes

$1,856

HOA

No

Price History

12/02/2024
FMLS

FMLS #7424070

Price change
$729,000
-2.79%
10/19/2024
FMLS

FMLS #7424070

Price change
$749,900
-2.61%
08/21/2024
FMLS

FMLS #7424070

Price change
$770,000
-1.28%

Schools & Community

Elementary school: 

West Fannin

Middle school: 

Fannin County

High school: 

Fannin 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

$180,891
Asking price
$729,000
Closing costs (~8% of asking)
-$58,320
Est. remaining loan balance
-$489,789
Cash to seller
$180,891

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

Seller’s Loan History

Lender

Cardinal Financial

Loan start date

January 2022

Original loan amount

$522,000

Est. remaining balance

$489,789

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

James Trani and Amy L Trani

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 5:20 AM

Listing updated: 12/02/2024 at 11:25 AM

Listed by: Stacy Benson, Barn Owl Real Estate Phone #: (770) 272-2276

MLS: FMLS #7424070

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