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$1,152,801Estimated home value

Beds
4
Baths
2.5
sq ft
2,160

71 Timpson Cove Rd, Clayton, GA 30525

71 Timpson Cove Rd

Clayton, GA 30525

  • Sold On 5/17/2024
    • Price drop $50,000↓
his is IT! A 'Vacation Cottage' zoned property at Lake Burton that can be offered for SHORT-TERM RENTAL to help pay for your investment! This property has a rental history available to qualified Buyers. Sitting as close to Timpson Creek as a house can be, the babbling of the water is the most soothing sound imaginable! (Check out the virtual 3D tour) Timpson Creek is wide and bold as it rushes along almost 200 feet of creek frontage. A dock that is accessible by fishing boats and kyacks sits right on the creek and is an approved GA power structure. Within walking distance is Anchorage Marina where pontoon or ski boats can be rented, purchased, and stored. ( Kids can also get ice cream, popsicles and other snacks there without having to ask Mom or Dad to take them somewhere. This asset is WAY underrated!) Being a child and spending time at this comfy lake house is a dream come true. Play in the creek, paddle in a kyack, swim in the lake, go fishing....children of all ages can allow their imaginations to run wild as nature provides endless hours of entertainment (that are not connected to the Internet. LOL). But wait! If using the Internet is important, TruVista offers high-speed, dependable Internet access for streaming movies or playing games on a rainy day. If the adults just HAVE to do some 'work from home' - that can happen, too. Assets: 1. Location off a paved road near Anchorage and a paved driveway 2. Location on the 'Clayton' side of the lake - about ten minutes into town for groceries 3. Woodburning fireplace to curl up in front of during cool weather 4. Location alongside a BOLD, rushing creek. 5. Primary bedroom on the main level with ensuite bathroom. 6. Guest half bath accessed without going through a bedroom 7. Huge, open floor plan so the cook isn't excluded from the family activities 8. Screened porch on the creekside for sitting and visiting - maybe snoozing in a hammock 9. Covered parking for two vehicles with uncovered for additional vehicles. 10. A large playroom situated over the parking area so no matter what the kids are doing, the sounds won't disturb others. 11. Two bedrooms upstairs share a large bathroom that has been updated. 12. Really nice neighbors 13. And did we mention...PRICE? This is the only Lake Burton home on the market for a price under $1,500,000!!!!!! 14. This is a FEE SIMPLE lot with a Ga Power agreement for the permanent dock on Timpson Creek. 15. Vacation Cottage Zoning allows the property to be used for Short Term Rental. 16. The opportunity to expose your family and friends to the joys of lake living in the least stressful way possible. This is a 'family' house - ready for the most active kids and adults looking for a relief from the stress of city life. Call today and come see it!

Details

Property type

Single Family Residence

Est. home value

$1,152,801

Lot size

0.41 acres

Price per sq ft

$509

Year built

2001

Annual property taxes

$4,293

Price History

09/14/2024
GeorgiaMLS

GeorgiaMLS #10279165

Removed
$1,099,000
09/01/2024
GeorgiaMLS

GeorgiaMLS #10279165

Removed
$1,099,000
08/26/2024
GeorgiaMLS

GeorgiaMLS #10279165

Listed
$1,099,000

Schools & Community

Elementary school: 

Rabun County Primary/Elementar

Middle school: 

Rabun County

High school: 

Rabun County

Community features: 

Lake

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

$501,326
Asking price
$1,099,000
Closing costs (~8% of asking)
-$87,920
Est. remaining loan balance
-$509,754
Cash to seller
$501,326

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

$509,754

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: Off Market

Tomo last checked: 09/19/2024 at 5:30 PM

Listing updated: 09/01/2024 at 10:44 PM

Listed by: Lynda R Hester, Compass

MLS: GeorgiaMLS #10279165

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