$1,980,000
SOLD OCT 29, 2024

132 Oak Ridge Way Morganton, GA 30560

8 Beds
7 Baths
6,536 Sq Ft
1.32 Acres

Recently Sold

$303 Per Sq Ft

17% Below List Price

58 Days on Market

Highlights

  • Home Theater
  • Craftsman Architecture
  • Dining Room Seats More Than Twelve
  • Pool House
  • Mountain View
  • Fireplace in Primary Bedroom

About This Home

As of October 2024

This turnkey, income-producing, dream rental property with a full calendar and repeat guests is ready for the next savvy investor. With an impressive annual revenue, this cabin offers something for everyone, from the large theater room, to the heated pool with massive sunbathing deck (24 chairs!!), long range mountain views, outdoor playset, newly built firepit, all paved access, gameroom with trampoline...your friends or guests will never be bored! And best of all, the rental history...Boasting a gross income of $345,000 in 2023 and on track to match or exceed that figure in 2024, this property represents a solid investment opportunity with additional revenue and booking data available. Due to full calendar, showings only available 6/17 and 6/30. Schedule your appointment to view Wonder Lodge today!

Last Agent to Sell the Property

Faith Doldo

HomeSmart License #420629 Listed on: 06/10/2024

HomeSmart

Last Buyer's Agent

Faith Doldo

HomeSmart License #420629 Listed on: 06/10/2024

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,878

Year Built

  • Built in 1997

Lot Details

  • 1.32 Acre Lot
  • Property fronts a county road
  • Private Entrance
  • Sloped Lot
  • Wooded Lot
  • Back Yard Fenced

HOA Fees

  • $133 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Drive Under Main Level
  • Driveway Level

Property Views

  • Mountain
  • Pool

Home Design

  • Craftsman Architecture
  • 2-Story Property
  • Cabin
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 6,536 Sq Ft Home
  • Wet Bar
  • Rear Stairs
  • Gas Log Fireplace
  • Wood Frame Window
  • Family Room with Fireplace
  • 3 Fireplaces
  • Great Room
  • Dining Room Seats More Than Twelve
  • Breakfast Room
  • Formal Dining Room
  • Home Theater
  • Bonus Room
  • Game Room
  • Home Gym

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • Oversized primary bedroom
  • 8 Bedrooms | 4 Main Level Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Laundry in Hall
  • Dryer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Fireplace in Basement
  • Finished Basement Bathroom
  • Laundry in Basement
  • Natural lighting in basement

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • Pool House
  • Cabana
  • Heated In Ground Pool
  • Gas Heated Pool
  • Spa
  • Fence Around Pool

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch
  • Exterior Lighting
  • Shed
  • Outbuilding

Schools

  • Blue Ridge - Fannin Elementary School
  • Fannin County Middle School
  • Fannin County High School

Utilities

  • Central Heating and Cooling System
  • 220 Volts
  • 110 Volts
  • Shared Well
  • Gas Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • Hemptown Heights Subdivision

Listing and Financial Details

  • Legal Lot and Block 9, 10 / 1
  • Assessor Parcel Number 0024 14414

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,878

Year Built

Built in 1997

Lot Details

0

HOA Fees

$133 per month

Parking

2

Listing Details

  • Standard Status: Closed
  • Legal Description: 8-1 LL259,281 LT10 DB942-496* 1.32 AC
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cabin, Craftsman, Ranch
  • Property Condition: Resale
  • Year Built: 1997
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Ceramic Tile, Laminate
  • Fireplace Features: Basement, Family Room, Gas Log, Master Bedroom
  • Number Of Fireplaces: 3
  • Appliances: Dishwasher, Dryer, Gas Water Heater, Microwave, Refrigerator
  • Interior Amenities: Double Vanity, Walk-In Closet(s), Wet Bar
  • Basement: Daylight, Exterior Entry, Finished, Finished Bath, Full, Walk-Out Access
  • Kitchen Features: Breakfast Bar, Breakfast Room, Solid Surface Counters, View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Basement, Bathroom, Bedroom, Bonus Room, Exercise Room, Family Room, Game Room, Great Room, Media Room
  • Dining Room Features: Seats 12+, Separate Dining Room
  • Square Footage: 6536.00
  • Spa Features: Private
  • Window Features: Wood Frames

Beds/Baths

  • Total Bedrooms: 8
  • Bedroom Features: Master on Main, Oversized Master
  • Lower Bedrooms: 4
  • Main Bedrooms: 4
  • Total Bathrooms: 7
  • Total Full Baths: 5
  • Total Half Baths: 2
  • Lower Full Bathrooms: 2
  • Main Full Bathrooms: 3
  • Lower Half Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Separate Tub/Shower, Soaking Tub, Whirlpool Tub

Exterior Features

  • Other Structures: Cabana, Garage(s), Outbuilding, Pool House, Shed(s)
  • Construction Materials: Frame
  • Roof Type: Shingle
  • Fencing: Back Yard
  • Patio And Porch Features: Covered, Deck, Front Porch, Patio
  • Exterior Features: Balcony, Lighting, Private Entry, Private Yard, Rear Stairs
  • Pool Features: Fenced, Gas Heat, Heated, In Ground, Private
  • View: Mountain(s), Pool
  • Pool Private: Yes
  • Foundation: See Remarks

Garage/Parking

  • Carport or Garage: 2
  • Number of Garage Spaces: 2
  • Parking Features: Attached, Drive Under Main Level, Driveway, Garage, Level Driveway

Utilities

  • Sewer: Septic Tank
  • Water Source: Shared Well
  • Security: Carbon Monoxide Detector(s), Fire Alarm
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: In Basement, In Hall, Laundry Room
  • Utilities: Cable Available, Electricity Available, Water Available
  • Electric: 110 Volts, 220 Volts

Condo/Co-op/Association

  • Association Fee: 1600
  • Association Fee Frequency: Annually
  • Master Association Fee Frequency: Annually
  • Association: Yes
  • Subdivision Complex: Hemptown Heights

Schools

  • Elementary School: Blue Ridge - Fannin
  • Middle School: Fannin County
  • High School: Fannin County

Lot Info

  • Acres: 1.3200
  • Lot: 9, 10
  • Land/Lot: 259,260,28
  • Section G M D: 1
  • Plat Book: A316
  • Plat Page: 2
  • Lot Features: Back Yard, Sloped, Wooded
  • Lot Dimensions: 1x 1
  • Parcel Number: 0024 14414
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 2878.00
  • Assessor Parcel Number: 0024-14414
  • Close Date: 2024-10-29
  • Tax Year: 2023

MLS Schools

  • Elementary School: Blue Ridge - Fannin
  • High School: Fannin County
  • Middle School: Fannin County

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2024
Closed on
Oct 29, 2024
Sold by
132 Oak Ridge Way Llc
Bought by
Hodo Homes Llc
Seller's Agent
Faith Doldo
HomeSmart
Buyer's Agent
Faith Doldo
HomeSmart
List Price
$2,399,999
Sold Price
$1,980,000
Premium/Discount to List
-$419,999
-17.5%
Views
31
Current Estimated Value
$1,526,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$453,900
Avg. Annual Appreciation
-10.56%
Original Mortgage
$1,429,500
Outstanding Balance
$1,422,475
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$372,393

Purchase Details

Closed on
May 5, 2023
Sold by
132 Oak Ridge Way Llc
Bought by
Series B 132 Oak Ridge Way and Barker Rental Properties Llc

Purchase Details

Listed on
Oct 20, 2021
Closed on
Jan 5, 2022
Sold by
Barker P Jonathan Dylan
Bought by
132 Oak Ridge Way Llc
Seller's Agent
Nathan Fitts
Remax Town & Ctry-Blue Ridge
Buyer's Agent
Jacopo Re
eXp Realty
List Price
$998,900
Sold Price
$980,000
Premium/Discount to List
-$18,900
-1.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.77%
Original Mortgage
$784,000
Interest Rate
3.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2009
Sold by
Blumen Arthur and Melnik Mark
Bought by
Citibank Na

Purchase Details

Closed on
May 8, 2002
Sold by
Hemptown Heights Development Corp
Bought by
Parker Leonard
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $1,980,000 --
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed $980,000 --
Warranty Deed $980,000 --
Foreclosure Deed $470,165 --
Deed $152,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,429,500 New Conventional
Previous Owner $784,000 New Conventional
Previous Owner $370,000 New Conventional
Previous Owner $440,000 New Conventional
Previous Owner $110,000 New Conventional
Previous Owner $603,704 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2024 10/29/24 Sold $1,980,000 -17.5% $303 / Sq Ft
08/07/2024 08/07/24 Pending -- -- --
06/10/2024 06/10/24 For Sale $2,399,999 +144.9% $367 / Sq Ft
01/05/2022 01/05/22 Sold $980,000 -1.9% $150 / Sq Ft
10/20/2021 10/20/21 For Sale $998,900 -- $153 / Sq Ft
10/13/2021 10/13/21 Pending -- -- --
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 $3,127 $341,232 $25,440 $315,792
2023 $2,878 $282,261 $25,440 $256,821
2022 $2,912 $285,691 $25,440 $260,251
2021 $2,596 $185,174 $25,440 $159,734
2020 $2,639 $185,174 $25,440 $159,734
2019 $2,691 $185,174 $25,440 $159,734
2018 $2,951 $191,534 $31,800 $159,734
2017 $3,121 $176,363 $14,600 $161,763
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7401754

First Multiple Listing Service (FMLS)

APN: 0024-14414