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$1,575,000

Beds
4
Baths
4.5
sq ft
6,505

976 Mull Valley Rd, Morganton, GA 30560

976 Mull Valley Rd

Morganton, GA 30560

  • 76 days on market
Step into the realm of opulent Majestic Rustic Luxury at this exceptional property nestled in the heart of Morganton. Spanning a generous 6.34 acres of pristine, picturesque landscape, this sanctuary harmoniously blends tranquility with sophistication. As you step inside, you are embraced by the enchanting aura of a true lodge retreat. The welcoming living area showcases breathtaking mountain views through expansive windows, enhanced by elegant hardwood floors and a striking floor-to-ceiling stone fireplace that serves as the focal point. The gourmet kitchen is a culinary haven, boasting high-end appliances, generous granite countertops, and a charming dining area that frames the panoramic mountain backdrop. The main floor primary suite offers a perfect blend of luxury and leisure, featuring a pool and card table for entertainment. The primary bath is a sanctuary in itself, with a stone shower and double vanity sinks adding to the indulgent ambiance. Venture outside to discover an outdoor space complete with a hot tub, fire pit, and a covered porch equipped with a fireplace and grilling deck, ideal for hosting gatherings or savoring tranquil moments. Each of the three additional cozy bedrooms boasts private baths with lavish details, ensuring ultimate relaxation for guests. Movie enthusiasts will delight in the upstairs theater, promising cinematic enjoyment. Whether you crave warmth on a chilly evening or yearn for the invigorating mountain air, this residence provides an idyllic setting for year-round outdoor enjoyment. With a grand total of 6,505 sq ft, every corner exudes the essence of a luxurious log cabin lifestyle. The property's current role as a short-term rental, coupled with the unfinished terrace level of over 2400 sq ft of expansion potential, presents a lucrative income opportunity for astute buyers. Located within close proximity of Lake Blue Ridge & Lake Nottely along w numerous hiking trails for all the outdoor enthusiasts!

Details

Property type

Single Family Residence

Est. home value

$1,477,285

Lot size

6.34 acres

Price per sq ft

$243

Year built

2007

HOA

Yes

Price History

09/07/2024
NortheastGA

NortheastGA #407929

Listed
$1,575,000
-21.25%
04/30/2024
GeorgiaMLS

GeorgiaMLS #10274908

Removed
$2,000,000
04/09/2024
GeorgiaMLS

GeorgiaMLS #10274908

Price change
$2,000,000
-3.61%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$1,204,188
Asking price
$1,575,000
Closing costs (~8% of asking)
-$126,000
Est. remaining loan balance
-$244,812
Cash to seller
$1,204,188

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

Seller’s Loan History

Lender

Regions Bank

Loan start date

January 2023

Original loan amount

$250,000

Est. remaining balance

$244,812

Interest rate

6.58%

Loan type

New Conventional, 30 year

Seller

Riverside 3624 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?

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Status: Active

Tomo last checked: 11/23/2024 at 11:25 AM

Listing updated: 09/07/2024 at 5:26 PM

Listed by: LH Real Estate Group, Engel & Volkers North Georgia Mountains Phone #: (706) 406-5572

MLS: NortheastGA #407929

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