NOT LISTED FOR SALE

10803 Boardtown Rd Cherry Log, GA 30522

Estimated Value: $171,000 - $204,582

2 Beds
2 Baths
-- Sq Ft
0.98 Acres

Last Sold November 22, 2022

Last sale price $158,000

Est. 24% increase in value since last sale

Current estimated payment $1,118/month

10 Days on Market

Highlights

  • Rural View
  • Accessible Approach with Ramp
  • 1-Story Property

About This Home

As of November 2022

There is a huge need for traditional rentals in Gilmer County. Significant tenant population that competes for very few long term rental options. Great long term income opportunity here. Soon to be month to month at $850 per month per unit. Improve the units and bring rental rates up to market at 1100-1300 per side. Everything is separately metered. Tenants pay all utilties. No showings until due diligence period.

Last Agent to Sell the Property

Jimmy Stainback

RB Realty License #379827 Listed on: 10/21/2022

Last Buyer's Agent

CHRISTINA YOUNG

Keller Williams Elevate License #313001

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $748

Year Built

  • Built in 1970

Lot Details

  • 0.98

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Fixer Upper
  • Metal Roof

Interior Spaces

  • 1-Story Property
  • Rural Views

Schools

  • Gilmer High School

Utilities

  • Heating System Uses Propane
  • Underground Utilities
  • Private Water Source
  • Septic Tank

Additional Features

  • Accessible Approach with Ramp
  • 0.98 Acre Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 3103 039

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$748

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Legal Description: REAL ESTATE
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Duplex
  • Property Condition: Fixer Upper
  • Year Built: 1970
  • Accessibility Features: Accessible Approach with Ramp
  • Levels Stories: One
  • Special Features: None

Property Details

  • Property: Residential Income

Interior Features

  • Window Features: None

Exterior Features

  • Construction Materials: Block
  • Roof Type: Metal
  • View: Rural

Garage/Parking

  • Number Of Parking Spaces: 4

Utilities

  • Sewer: Septic Tank
  • Water Source: Private
  • Heating: Propane
  • Utilities: Underground Utilities, Water Available

Lot Info

  • Acres: 0.9800
  • Lot Dimensions: x
  • Parcel Number: 3103 039
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 748.00
  • Tax Year: 2021

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Gilmer - Other
  • High School: Gilmer
  • Middle School: Gilmer - Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2022
Closed on
Nov 22, 2022
Sold by
Stainback Properties Llc
Bought by
Home Development & Assistances Llc
Seller's Agent
Jimmy Stainback
RB Realty
Buyer's Agent
CHRISTINA YOUNG
Keller Williams Elevate
List Price
$175,000
Sold Price
$158,000
Premium/Discount to List
-$17,000
-9.71%
Views
25
Current Estimated Value
$195,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,646
Avg. Annual Appreciation
7.23%
Original Mortgage
$223,000
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 21, 2022
Closed on
Oct 21, 2022
Sold by
Gilliam James W
Bought by
Gilliam William H Estate and Gilliam James W
Seller's Agent
Jimmy Stainback
RB Realty
Buyer's Agent
CHRISTINA YOUNG
Keller Williams Elevate
List Price
$175,000
Sold Price
$158,000
Premium/Discount to List
-$17,000
-9.71%
Views
25

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,000
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2022
Sold by
Gilliam William
Bought by
Gilliam James W

Purchase Details

Closed on
Jan 4, 2022
Sold by
Gilliam James
Bought by
Gilliam William H Estate

Purchase Details

Closed on
Jul 24, 2017
Sold by
Gilliam William
Bought by
Layman Timothy Owen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 2016
Sold by
William
Bought by
Gilliam William

Purchase Details

Closed on
May 29, 2013
Sold by
Holloway Romaine
Bought by
Holloway Gilliam William and Holloway Romaine Bessie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Home Development & Assistances Llc $158,000 --
Gilliam William H Estate -- --
Stainback Properties Llc $110,000 --
Gilliam James W -- --
Gilliam William H Estate -- --
Gilliam James -- --
Holloway Grady Romaine Estate -- --
Layman Timothy Owen $105,000 --
Gilliam William -- --
Holloway Gilliam William -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Home Development & Assistances Llc $223,000
Previous Owner Layman Timothy Owen $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2022 11/22/22 Sold $158,000 -9.7% --
10/31/2022 10/31/22 Pending -- -- --
10/21/2022 10/21/22 For Sale $175,000 -- --
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
2025 $1,072 $77,240 $7,800 $69,440
2024 $1,072 $69,160 $7,800 $61,360
2023 $1,011 $69,160 $7,800 $61,360
2022 $791 $44,960 $5,000 $39,960
2021 $748 $37,680 $4,880 $32,800
2020 $793 $36,040 $6,120 $29,920
2019 $422 $18,620 $6,120 $12,500
2018 $427 $18,620 $6,120 $12,500
2017 $1,297 $52,720 $15,000 $37,720
2016 $344 $44,872 $15,000 $29,872
2015 $1,091 $44,240 $13,360 $30,880
2014 $336 $44,720 $13,360 $31,360
2013 -- $46,720 $13,360 $33,360
Source: Public Records

Agents Affiliated with this Home

  • Jimmy Stainback

    Seller's Agent in 2022

    Jimmy Stainback

    RB Realty

    (678) 559-7512

    1 in this area

    35 Total Sales

    Jimmy Stainback
    Section Image

  • C

    Buyer's Agent in 2022

    CHRISTINA YOUNG

    Keller Williams Elevate

    2 in this area

    98 Total Sales

    CHRISTINA YOUNG
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7133429

First Multiple Listing Service (FMLS)

APN: 3103-039

Georgia Gilmer County Cherry Log 30522

10803 Boardtown Rd, Cherry Log, GA

Not Listed for Sale

MultiFamily

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