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$289,000

Beds
2
Baths
1.5
sq ft
1,296

511 Rainey Mountain Rd, Clayton, GA 30525

511 Rainey Mountain Rd

Clayton, GA 30525

  • 45 days on market
Cute and cozy A-FRAME! Two bedroom, one and one half bath on 1.59 partially wooded acres. New top of the line GAF roof in 2016 with architectural shingles and Weather Guard underlay. [Current owner upgrades since 2019: Installed gas logs, installed mini split heat/AC system, stainless steel refrigerator, replaced electric stove with stainless steel gas stove, replaced downstairs bathroom toilet with high profile toilet, removed carpet and replaced with flooring (have rest of flooring for downstairs bedroom, laundry room and bathroom), replaced gutters and directed water away from house, put roof over balcony, cut trees away from the house and off the driveway, put in gravel driveway and made a circle driveway, had new propane tank installed, installed new chimney cap, had bank at side of the house graded off and put dirt at the storage building to make yard bigger, replaced kitchen door, had right side of driveway graded to make yard bigger.] Only seven miles east of Clayton, Georgia and three miles west of the Chattooga River / South Carolina border with excellent whitewater rafting.

Details

Property type

Cabin

Est. home value

$249,345

Lot size

1.59 acres

Price per sq ft

$223

Year built

1986

Annual property taxes

$937.55

Price History

09/21/2024
GeorgiaMLS

GeorgiaMLS #10382598

Listed
$289,000
+131.2%
08/15/2019
GeorgiaMLS

GeorgiaMLS #8400869

Sold
$125,000

Schools & Community

Elementary school: 

Rabun County Primary/Elementar

Middle school: 

Rabun County

High school: 

Rabun 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

$176,197
Asking price
$289,000
Closing costs (~8% of asking)
-$23,120
Est. remaining loan balance
-$89,683
Cash to seller
$176,197

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

August 2019

Original loan amount

$100,000

Est. remaining balance

$89,683

Interest rate

3.73%

Loan type

New Conventional, 30 year

Seller

Teresa M Alexander

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: 11/05/2024 at 11:40 AM

Listing updated: 10/05/2024 at 1:11 AM

Listed by: Kevin C. Croom, Poss Realty

MLS: GeorgiaMLS #10382598

GeorgiaMLS logo

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