NOT LISTED FOR SALE

Estimated Value: $228,000 - $337,000

3 Beds
2 Baths
1,300 Sq Ft
$211/Sq Ft Est. Value

Last Sold January 19, 2023

Last sale price $210,000 $162 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,818/month

50 Days on Market

Highlights

  • Boat Dock
  • Fishing
  • View of Trees or Woods
  • Golf Course Community
  • Gated Community
  • Community Lake

About This Home

As of January 2023

Come fall in love with the amenities of Lake Arrowhead from its marina, boating, boat rental, fishing, swimming pool, tennis. pickle ball, fitness center, restaurant and gorgeous mountain and sunset views throughout this community. Gated community in the heart of the Blue Ridge Mountains. A true escape from reality when you enter this amazing community. Just an hour from Atlanta and access to I-575 or I-75 with two gated entrances. This unique 3/2 loft home features a rustic stone fireplace, high ceilings, wood beam accents, and built in bookcases. Large Screened Porch! Main Level Master Bedroom and Bath. Upstairs there are two additional bedrooms connected by a Jack & Jill Bath. Property is being sold "As Is"; as the price reflects the need for Buyer to remodel for their needs and style! Great Potential! This home is located in Phase 1; which does allow for short term rentals. Would make a great AIR BNB or VRBO. Don't miss this opportunity. * * * Broker/Agents are dis-qualified from collecting compensation from the Seller, on any sale in which they are the Buyer. In connection with the use of the pyramid platform, a technology fee of $175.00 is charged to the Broker/Agent representing the Buyer as a selling Broker/Agent and or transaction Broker's, if said offer is accepted.

Last Listed By

Norma Elkin

Atlanta Communities License #141678 Listed on: 11/07/2022

Atlanta Communities

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,430

Year Built

  • Built in 1975

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions are 70x191x144x165
  • Property fronts a private road
  • Private Entrance
  • Corner Lot
  • Level Lot
  • Wooded Lot
  • Private Yard

HOA Fees

  • $189 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Traditional Architecture
  • Rustic Architecture
  • Fixer Upper
  • Brick Foundation
  • Frame Construction
  • Composition Roof
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 1,300 Sq Ft Home
  • 1.5-Story Property
  • Bookcases
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Factory Built Fireplace
  • Great Room with Fireplace
  • Screened Porch
  • Views of Woods
  • Crawl Space
  • Security Gate
  • Laundry on main level

Kitchen

  • Country Kitchen
  • Range Hood
  • Laminate Countertops
  • Wood Stained Kitchen Cabinets

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main
  • Shower Only

Parking

  • Attached Garage
  • 1 Carport Space

Schools

  • R.M. Moore Elementary School
  • Teasley Middle School
  • Cherokee High School

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts
  • 110 Volts
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 508
  • Assessor Parcel Number 22N18 508

Community Details

Overview

  • $250 Initiation Fee
  • Lapoa Association, Phone Number (770) 721-7912
  • Secondary HOA Phone (770) 721-7912
  • Lake Arrowhead Subdivision
  • Community Lake

Amenities

  • Clubhouse

Recreation

  • Boat Dock
  • Golf Course Community
  • Swim or tennis dues are required
  • Fishing

Security

  • Security Guard
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,430

Year Built

Built in 1975

Lot Details

0

HOA Fees

$189 per month

Listing Details

  • Standard Status: Closed
  • Legal Description: PHASE 1, LOT 508 UNIT 5 L/A PB9/51
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary/Modern, Rustic, Traditional
  • Property Condition: Fixer Upper
  • Year Built: 1975
  • Levels Stories: One and One Half
  • Above Grade Finished Sq Ft: 1300.00
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Laminate, Vinyl
  • Fireplace Features: Factory Built, Great Room
  • Number Of Fireplaces: 1
  • Appliances: Electric Water Heater, Range Hood
  • Interior Amenities: Beamed Ceilings, Bookcases, Vaulted
  • Basement: Crawl Space
  • Kitchen Features: Cabinets Other, Cabinets Stain, Country Kitchen, Laminate Counters
  • Common Walls: No Common Walls
  • Additional Rooms: Great Room - 2 Story
  • Dining Room Features: Great Room
  • Square Footage: 1300.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 3
  • Bedroom Features: Master on Main
  • Main Bedrooms: 1
  • Total Bathrooms: 2
  • Total Full Baths: 2
  • Main Full Bathrooms: 1
  • Master Bathroom Features: Shower Only

Exterior Features

  • Construction Materials: Frame, Stone, Wood Siding
  • Roof Type: Composition
  • Lake Name: Arrowhead
  • Patio And Porch Features: Screened
  • Exterior Features: Private Front Entry, Private Yard
  • View: Trees/Woods
  • Foundation: Brick/Mortar

Garage/Parking

  • Carport or Garage: 1
  • Number of Carport Spaces: 1
  • Parking Features: Attached, Carport

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Security Gate, Security Guard
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central, Electric, Forced Air
  • Laundry Features: Main Level
  • Utilities: Electricity Available, Water Available
  • Electric: 110 Volts, 220 Volts

Condo/Co-op/Association

  • HOA Fee Includes: Security, Swim/Tennis
  • Community Features: Clubhouse, Community Dock, Fishing, Gated, Golf Course, Homeowners Assoc, Lake
  • Association Fee: 2268
  • Association Fee Frequency: Annually
  • Master Association Fee Frequency: Annually
  • Swim Tennis Fee Due: Required
  • Association: Yes
  • Hoa Contact Phone: 770-721-7912
  • Management Company Email: LAPOAGA@GMAIL.COM
  • Management Phone: 770-721-7912
  • Subdivision Complex: Lake Arrowhead

Association/Amenities

  • Management Company: LAPOA -

Schools

  • Elementary School: R.M. Moore
  • Middle School: Teasley
  • High School: Cherokee

Lot Info

  • Acres: 0.4261
  • Lot: 508
  • Land/Lot: 304
  • Section G M D: 2
  • Plat Book: 9
  • Plat Page: 51
  • Lot Features: Corner Lot, Level, Wooded
  • Lot Dimensions: 70x191x144x165
  • Parcel Number: 22N18 508
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Rental Info

  • Initiation Fee: 250

Tax Info

  • Taxes: 1430.00
  • Assessor Parcel Number: 022N18-00000-508-000-0000
  • Close Date: 2023-01-19
  • Tax Year: 2021

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: R.M. Moore
  • High School: Cherokee
  • Middle School: Teasley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2022
Closed on
Jan 19, 2023
Sold by
Lakeview Loan Servicing Llc
Bought by
Ormsby Mary and Ormsby Riley
Seller's Agent
Norma Elkin
Atlanta Communities
Buyer's Agent
Angie Shape
Keller Williams Realty Partners
List Price
$234,900
Sold Price
$210,000
Premium/Discount to List
-$24,900
-10.6%
Total Days on Market
50
Views
66
Current Estimated Value
$274,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,538
Avg. Annual Appreciation
15.11%
Original Mortgage
$168,000
Outstanding Balance
$164,308
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$125,950

Purchase Details

Closed on
Oct 4, 2022
Sold by
Mcclure Tyler
Bought by
Lakeview Loan Servicing Llc

Purchase Details

Listed on
Oct 5, 2018
Closed on
Apr 22, 2019
Sold by
Surett Holly D
Bought by
Mcclure Amie and Mcclure Tyler
Seller's Agent
Shannon Cook
NOT A VALID MEMBER
Buyer's Agent
Shannon Cook
NOT A VALID MEMBER
List Price
$149,000
Sold Price
$149,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.65%
Original Mortgage
$5,960
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 10, 2010
Sold by
Marshall Frances J
Bought by
Surett Holly D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,870
Interest Rate
4.5%
Mortgage Type
FHA

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ormsby Mary $210,000 --
Lakeview Loan Servicing Llc -- --
Mcclure Amie $149,000 --
Surett Holly D -- --
Surett Holly D $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ormsby Mary $168,000
Previous Owner Mcclure Amie $5,960
Previous Owner Mcclure Amie $141,550
Previous Owner Surett Holly D $83,870
Previous Owner Marshall Frances J $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/19/2023 01/19/23 Sold $210,000 -10.6% $162 / Sq Ft
12/27/2022 12/27/22 Pending -- -- --
12/27/2022 12/27/22 For Sale $234,900 +11.9% $181 / Sq Ft
12/21/2022 12/21/22 Off Market $210,000 -- --
12/10/2022 12/10/22 Price Changed $234,900 -4.1% $181 / Sq Ft
11/07/2022 11/07/22 For Sale $244,900 +64.4% $188 / Sq Ft
04/22/2019 04/22/19 Sold $149,000 0.0% $115 / Sq Ft
02/17/2019 02/17/19 Pending -- -- --
11/30/2018 11/30/18 For Sale $149,000 0.0% $115 / Sq Ft
11/18/2018 11/18/18 Pending -- -- --
10/29/2018 10/29/18 Price Changed $149,000 -3.9% $115 / Sq Ft
10/05/2018 10/05/18 For Sale $155,000 -- $119 / Sq Ft
Source: First Multiple Listing Service (FMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,067 $79,552 $9,200 $70,352
2023 $2,014 $77,496 $9,200 $68,296
2022 $1,557 $66,956 $8,400 $58,556
2021 $1,430 $55,900 $8,400 $47,500
2020 $1,301 $50,280 $8,400 $41,880
2019 $959 $37,840 $8,400 $29,440
2018 $932 $36,520 $8,400 $28,120
2017 $816 $82,000 $7,200 $25,600
2016 $816 $77,500 $7,200 $23,800
2015 $834 $78,500 $7,200 $24,200
2014 $795 $74,200 $7,200 $22,480
Source: Public Records

Agents Affiliated with this Home

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Source: First Multiple Listing Service (FMLS)

MLS Number: 7140926

First Multiple Listing Service (FMLS)

APN: 022N18-00000-508-000-0000