tomo logo

$999,000

Beds
4
Baths
2.5
sq ft
2,160

71 Timpson Cove Rd, Clayton, GA 30525

71 Timpson Cove Rd

Clayton, GA 30525

  • 7 days on market
HIGHLY DESIRED LAKE BURTON LIVING! Situated on Timpson Creek with private dock for easy access to Lake Burton. Fee Simple land ownership and zoned Vacation Cottage allowing the property to be used as a short term rental. Enjoy the sights and sounds of Timpson Creek from your screened in porch with a cup of morning coffee. Welcoming family room with beautiful pine hardwood floors, tongue and groove walls, views of the river, and stunning wood burning fireplace perfect for those cooler nights. Super functional kitchen with dining area, wall oven, custom tile backsplash, and abundance of cabinetry for storage. Relaxing owner's suite on main level with en-suite bathroom and private access to screened porch. Gentle walk to the dock just off the back porch to enjoy those summer days playing in the river and lake. Separate fire pit area perfect for those late night conversations by the water. Three ample-sized bedrooms upstairs affording plenty of space for entertaining family and overnight guests. Separate bonus room currently used as a game room could be converted into a bunk room for additional guests. Incredible location only minutes to Downtown Clayton for all your dining, shopping, and entertainment needs. This special property is a true must see! Contact our team today for your private tour!

Details

Property type

Single Family Residence

Est. home value

$1,152,801

Lot size

0.41 acres

Price per sq ft

$463

Year built

2001

Annual property taxes

$4,294

HOA

No

Price History

10/28/2024
FMLS

FMLS #7468544

Removed
$1,025,000
+2.6%
10/28/2024
FMLS

FMLS #7477987

Listed
$999,000
-2.54%
10/16/2024
FMLS

FMLS #7468544

Price change
$1,025,000
-2.38%

Schools & Community

Elementary school: 

Rabun County

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

$410,341
Asking price
$999,000
Closing costs (~8% of asking)
-$79,920
Est. remaining loan balance
-$508,739
Cash to seller
$410,341

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

Seller’s Loan History

Lender

Neighborhood Mortgage

Loan start date

May 2021

Original loan amount

$548,250

Est. remaining balance

$508,739

Interest rate

3.17%

Loan type

New Conventional, 30 year

Seller

Michael Kotzan

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 4:25 AM

Listing updated: 11/02/2024 at 12:10 PM

Listed by: Zachary Garvey, Keller Williams Lanier Partners Phone #: (770) 503-7070

MLS: FMLS #7477987

FMLS logo

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