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$1,485,000

Beds
3
Baths
2.0
sq ft
1,508

89 Arkansas Ln, Tiger, GA 30576

89 Arkansas Ln

Tiger, GA 30576

  • 170 days on market
    • Price drop $100,000↓
Darling Cottage on desirable Lake Burton. Just 1.5 - 2 hours North of Athens and Atlanta, its the perfect place for a vacation home. The minute your car starts up the mountain, the cooler mountain air and picturesque views start to unwind the tensions of everyday life. Roll the windows down, crank up the tunes, and feel the stress melt away. And make no mistake, if the car ride starts the relaxation, the arrival at the lake will finish it. Stunning views of the lake and mountains ensue. This house is located on deep water access with views of the sunset over the lake. This open & airy cottage is well appointed, and has spectacular & gorgeous views anytime during the day, every day. This cheerful rustic-contemporary cottage (aptly named "Mountain Sunset") has 3 bedrooms and 2.5 baths with bright open and airy living spaces and loads of windows for enjoying the natural beauty of Lake Burton. Spend the day on the water and come home to a glass of wine or beer on the covered front porch while you watch the sun go down. This home has a 10 easement to the lake and a pier on the water to tie up the boats, swim, etc. There is no option for a boat house with this property, but nearby Anchorage Marine and LaPrades both have options to store a boat on the water and the Murray Cove boat ramp is nearby. Conveniently located, its only a 20 minute drive to Clayton for grocery shopping, for retail therapy at the many delightful shops, or for dining at the many yummy restaurants. You can also enjoy visiting one of the many local wineries or take any number of amazing hikes. Additionally, this lot is FEE SIMPLE, and this may be one of the best features of all. Only 20% of the lots on the lake are Fee Simple, but this means that the land is not owned by GA Power and therefore not subject to their restrictions for the house and lot. Owners can rent the property out on AirBnb or VRBO (and the current owner has done so) to help offset expenses when not in use. Already zoned as a "Vacation Rental" with Rabun County, the transition should be seamless. Sold furnished.New roof, New HVAC mini-splits throughout, rebuilt deck and treehouse (so cute), new dock/pier, fireplace, shared well. This will become your favorite spot at this slice of heaven- Lake Burton!

Details

Property type

Cabin

Est. home value

$1,118,193

Lot size

0.25 acres

Price per sq ft

$985

Year built

1974

Annual property taxes

$5,347.93

Price History

08/30/2024
GeorgiaMLS

GeorgiaMLS #10302749

Removed
$1,485,000
07/28/2024
GeorgiaMLS

GeorgiaMLS #10302749

Listed
$1,485,000
07/25/2024
GeorgiaMLS

GeorgiaMLS #10302749

Price change
$1,485,000
-6.31%

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

$799,181
Asking price
$1,485,000
Closing costs (~8% of asking)
-$118,800
Est. remaining loan balance
-$567,019
Cash to seller
$799,181

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

Seller’s Loan History

Lender

United Wholesale

Loan start date

April 2021

Original loan amount

$613,200

Est. remaining balance

$567,019

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Gina Griffeth Dickens

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 7:15 PM

Listing updated: 08/30/2024 at 9:54 PM

Listed by: Ceci C. Churchwell, 3tree Realty

MLS: GeorgiaMLS #10302749

GeorgiaMLS logo

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