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$550,000

Beds
3
Baths
2.0
sq ft
2,448

858 River Forest Run, Cleveland, GA 30528

858 River Forest Run

Cleveland, GA 30528

  • 7 days on market
Situated on over 125 feet of Chattahoochee River frontage, this 3-bedroom, 2-bath cabin offers a rare opportunity to own a successful short-term rental property with proven income history, a weekend get-away or full-time residence. Enjoy the peaceful sounds and views of the Chattahoochee River while relaxing on the spacious two-level back deck or around the outdoor fire pit. Wooden stairway path from the back of the home leads directly down to the river. Gas stacked stone fireplace in the cozy living room. One bed and one full bath on the main level and two additional bedrooms upstairs share an additional full bath. Currently configured to sleep 8-10. Watch deer and other wildlife from the rocking chair front porch. Perfectly secluded but still conveniently located minutes from Helen, Downtown Cleveland, Vogle State Park, Unicoi State Park, hiking trails, waterfalls, and within 30 minutes of 8-10 local wineries.

Details

Property type

Single Family Residence

Est. home value

$405,538

Lot size

1.52 acres

Price per sq ft

$225

Year built

1997

Annual property taxes

$2,012

HOA

No

Price History

01/16/2025
FMLS

FMLS #7506340

Listed
$550,000
+109.92%
09/17/2020
GeorgiaMLS

GeorgiaMLS #8815752

Sold
$262,000

Schools & Community

Elementary school: 

Mount Yonah

Middle school: 

White County

High school: 

White County

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

$292,674
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$213,326
Cash to seller
$292,674

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

Seller’s Loan History

Lender

First Option Mortgage

Loan start date

September 2020

Original loan amount

$235,800

Est. remaining balance

$213,326

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Michael Lundy

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: 01/23/2025 at 8:10 AM

Listing updated: 01/20/2025 at 10:20 AM

Listed by: Brian Smith, Keller Williams North Atlanta Phone #: (770) 663-7291

MLS: FMLS #7506340

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