tomo logo

$790,000

Beds
3
Baths
3.0
sq ft
2,370

88 Black Gum Ln, Blue Ridge, GA 30513

88 Black Gum Ln

Blue Ridge, GA 30513

  • 60 days on market
Experience breathtaking long-range mountain views from this fully furnished 3-bedroom, 3-bathroom cabin, located just 3 miles from downtown Blue Ridge and 5 miles from Lake Blue Ridge. Nestled in a gated community, this charming cabin is a perfect short-term rental with tons of upgrades, including new countertops, a metal roof, and a main floor with a gas log fireplace, cathedral ceilings, dining area, and guest bedroom with a bathroom. The private upstairs suite boasts a jetted tub and a covered balcony, while the lower level offers a third bedroom, bathroom, game room, and hot tub just steps away on the patio. The property includes a new washer and dryer, along with a custom-built firewood shed for added convenience. Relax by the firepit on the spacious, gently sloping lot, which provides plenty of privacy in this successful rental property. With natural light filling the cabin, this turn-key home is not to be missed! (Yearly due of $400 does NOT include access to Toccoa River. There is an additional fee of $400 for river access.)

Details

Property type

Single Family Residence

Est. home value

$772,955

Lot size

0.89 acres

Price per sq ft

$334

Year built

2008

Monthly HOA fee

$33.33

Price History

09/20/2024
NortheastGA

NortheastGA #409249

Listed
$790,000
+9.57%
03/29/2022
GeorgiaMLS

GeorgiaMLS #10023056

Sold
$721,000
+210.37%
03/09/2010
FMLS

FMLS #3760836

Sold
$232,300

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

High school district: 

Fannin 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

$196,762
Asking price
$790,000
Closing costs (~8% of asking)
-$63,200
Est. remaining loan balance
-$530,038
Cash to seller
$196,762

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

Seller’s Loan History

Lender

Nations Direct Mortgage

Loan start date

March 2022

Original loan amount

$557,600

Est. remaining balance

$530,038

Interest rate

3.69%

Loan type

New Conventional, 30 year

Seller

Llp Investments Llc

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?

Similar Homes Nearby

Price drop
FMLS
$749,000
3 bd
|
3 ba
|
2,210 sq ft
|
House

43 Logan Dr, Mineral Bluff, GA 30559

Price drop
FMLS
$719,900
3 bd
|
3 ba
|
2,256 sq ft
|
House

398 Mountain Tops Cir, Blue Ridge, GA 30513

Price drop
FMLS
$799,999
3 bd
|
3 ba
|
House

681 The Woods Rd, Mineral Bluff, GA 30559

Status: Active

Tomo last checked: 11/19/2024 at 10:25 AM

Listing updated: 09/20/2024 at 10:54 AM

Listed by: Jason Wilson, Inspire Realty Group Phone #: (770) 241-0373

MLS: NortheastGA #409249

NortheastGA logo

Recently listed in Blue Ridge