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$279,000

Beds
2
Baths
1.5
sq ft
968

585 Rivermont Rd, Athens, GA 30606

585 Rivermont Rd

Athens, GA 30606

  • 37 days on market
    • Price drop $3,500↓
Check out this unique true log cabin in Athens that is on the Middle Oconee River! Located within the established Forest Heights subdivision. Full of character and a rare find in this neighborhood. The home sits up on pillars/stilts, so you feel like you are in the mountains even though it's right near the middle of everything Athens has to offer. The inside features beautiful pine floors in an open concept layout, showcasing exposed wooden ceiling, a cozy stone fireplace(never been used), and windows that bring in natural light into the living spaces. Vaulted ceiling in the living/dining/kitchen area that goes up to 12 feet tall. The spacious bedrooms offer a peaceful sanctuary for relaxation. Outdoors, the property offers a front porch that spans 40 feet across the home and is 6 ft wide. The back includes a completed screened in porch that spans 29 ft x 8 ft wide! You could use this as a secondary outdoor dining area or to watch the beauty of the outdoors, or even as a third bedroom with a hammock! Don't forget this wooded backyard fronts the Middle Oconee River! Covered parking because the house is on stilts means you get to park underneath. Don't miss the opportunity to own this cozy home that combines the timeless allure of a rustic cabin built in 2014, and comes with comforts of modern living, just a couple minutes from Downtown Athens.

Details

Property type

Cabin

Est. home value

$299,442

Lot size

0.69 acres

Price per sq ft

$289

Year built

2014

Annual property taxes

$2,430.37

Price History

07/04/2024
GeorgiaMLS

GeorgiaMLS #10308229

Price change
$279,000
-1.24%
07/01/2024
GeorgiaMLS

GeorgiaMLS #10308229

Price change
$282,500
-2.25%
05/29/2024
GeorgiaMLS

GeorgiaMLS #10308229

Listed
$289,000
-2.99%

Schools & Community

Elementary school: 

Oglethorpe Avenue

Middle school: 

Clarke

High school: 

Clarke Central

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

$106,695
Asking price
$279,000
Closing costs (~8% of asking)
-$22,320
Est. remaining loan balance
-$149,985
Cash to seller
$106,695

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

Seller’s Loan History

Lender

Banksouth Mortgage

Loan start date

January 2022

Original loan amount

$158,000

Est. remaining balance

$149,985

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Elizabeth P Hale and Jesse D Hale

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: 07/04/2024 at 9:30 PM

Listing updated: 07/04/2024 at 10:13 AM

Listed by: Ethan A. Atkinson IV, Greater Athens Properties

MLS: GeorgiaMLS #10308229

GeorgiaMLS logo

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