$795,000
SOLD JAN 31, 2025

1520 Bear Gap Rd Lakemont, GA 30552

3 Beds
2.5 Baths
1,760 Sq Ft
6.46 Acres

Recently Sold

$452 Per Sq Ft

11% Below List Price

121 Days on Market

Highlights

  • Boathouse
  • Marina
  • 1 Boat Dock
  • Rabun County High School Rated 9+
  • Lake Front
  • Community Lake

About This Home

As of January 2025

Enjoy the peaceful sounds of running water from this charming and fully furnished Lake Rabun cabin. This exceptional property boasts a recently renovated 3-bedroom, 2.5-bathroom home on over 6 acres, offering a serene and spacious retreat. Upon entering through the front door, you'll enter a cozy living area that transitions into a dining space with partial views of Lake Rabun, a bright and open kitchen with a pantry closet, and a convenient half bath. Expanding the living area, a generous porch accessible from the kitchen and dining space provides additional space for relaxation and enjoyment. You'll find a bright and airy bedroom on the upper level with vaulted ceilings, skylights, and a generously sized ensuite bathroom. The lower level of the home features two guest bedrooms and a shared bath, which opens to an additional deck featuring a swinging daybed, perfect for relaxing and enjoying the mountains! Stone steps lead to the lakefront, which includes a spacious grass lawn ideal for games. The lakefront area is shared with a single neighbor, and a formal agreement with Georgia Power Company is in place. Conveniently located within walking distance to Minnehaha Falls, this property offers a truly peaceful retreat where you can enjoy mountain and lake life!

Last Agent to Sell the Property

The Lake Team

Ansley RE | Christie's Int'l RE License #251201

Ansley RE | Christie's Int'l RE

Last Buyer's Agent

The Lake Team

Ansley RE | Christie's Int'l RE License #251201

Ansley RE | Christie's Int'l RE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,390

Year Built

  • Built in 1983 | Remodeled

Lot Details

  • 6.46 Acre Lot
  • Home fronts a stream
  • Lake Front
  • Home fronts a seawall
  • Private Lot
  • Sloped Lot
  • Partially Wooded Lot

Property Views

  • Lake
  • Mountain

Home Design

  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1.5-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Family Room with Fireplace
  • 2 Fireplaces
  • Combination Dining and Living Room

Kitchen

  • Country Kitchen
  • Oven or Range
  • Dishwasher
  • Stainless Steel Appliances
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • Bathtub Includes Tile Surround

Laundry

  • Dryer
  • Washer

Finished Basement

  • Partial Basement
  • Exterior Basement Entry
  • Fireplace in Basement
  • Finished Basement Bathroom
  • Laundry in Basement
  • Natural lighting in basement

Parking

  • 4 Parking Spaces
  • Parking Accessed On Kitchen Level
  • Guest Parking

Outdoor Features

  • Access To Lake
  • Water Access Is Utility Company Controlled
  • Boathouse
  • 1 Boat Dock
  • Deck
  • Porch

Schools

  • Rabun County Primary/Elementar Elementary School
  • Rabun County Middle School
  • Rabun County High School

Utilities

  • Cooling Available
  • Heating Available
  • Well
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • No Home Owners Association
  • Lake Rabun Subdivision
  • Community Lake

Recreation

  • Marina

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,390

Year Built

Built in 1983 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1983
  • Main Level Half Bathrooms: 1
  • Financing Type: Cash
  • Levels: One and One Half
  • Lot Size Acres: 6.46
  • Other Sturctures: Boat House
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Dock Slips: 1
  • Total Finished Area2: 1760
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Oven/Range (Combo), Refrigerator, Stainless Steel Appliance(s), Washer
  • Bedrooms: 3
  • Dining Room Features: Dining Rm/Living Rm Combo
  • Basement: Bath Finished, Daylight, Exterior Entry, Finished, Partial
  • Below Grade Finished Sq Ft: 600
  • Total Finished Sq Ft: 1160
  • Above Grade Finished Sq Ft: 1160
  • Interior Amenities: Tile Bath, Vaulted Ceiling(s)
  • Feature Name: Rabun
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplace Features: Basement, Family Room
  • Flooring: Carpet, Hardwood, Laminate, Tile
  • Kitchen Features: Country Kitchen, Solid Surface Counters
  • Price Per Square Foot: 451.704

Beds/Baths

  • Lower Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Bedroom Lower Level: 2

Exterior Features

  • Common Walls: No Common Walls
  • Construction Materials: Wood Siding
  • Lot Features: Private, Sloped
  • Patio And Porch Features: Deck, Porch
  • Property Condition: Updated/Remodeled
  • Roof: Metal
  • View: Lake, Mountain(s)
  • Waterfront Features: Creek, Lake, Lake Access, Seawall, Utility Company Controlled

Garage/Parking

  • Parking Features: Guest, Kitchen Level
  • ParkingTotal: 4

Utilities

  • Cooling: Ceiling Fan(s), Electric
  • Heating: Electric
  • Laundry Features: In Basement, Laundry Closet
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, High Speed Internet
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Community Features: Lake, Marina

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Rabun County Primary/Elementar
  • High School: Rabun County
  • High School Bus: No
  • Middle School: Rabun County
  • Middle School Bus: No
  • Elementary School: Rabun County Primary/Elementar
  • Middle School: Rabun County
  • High School: Rabun County

Multi Family

  • Total Fireplaces: 2

Tax Info

  • Year: 2023
  • Tax Annual Amount: 1390

MLS Schools

  • Elementary Bus Line: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2024
Closed on
Jan 31, 2025
Sold by
Terrell Bruce W
Bought by
Marshall Phillip Lamar
Seller's Agent
The Lake Team
Ansley RE | Christie's Int'l RE
Buyer's Agent
The Lake Team
Ansley RE | Christie's Int'l RE
List Price
$895,000
Sold Price
$795,000
Premium/Discount to List
-$100,000
-11.17%
Total Days on Market
121
Views
267
Current Estimated Value
$782,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,705
Avg. Annual Appreciation
-5.59%

Purchase Details

Listed on
Aug 16, 2024
Closed on
Jan 16, 2025
Sold by
Wiggers Nancy H
Bought by
Terrell Melissa C
Seller's Agent
The Lake Team
Ansley RE | Christie's Int'l RE
Buyer's Agent
The Lake Team
Ansley RE | Christie's Int'l RE
List Price
$895,000
Sold Price
$795,000
Premium/Discount to List
-$100,000
-11.17%
Views
267

Purchase Details

Closed on
Jan 9, 2018
Sold by
Wiggers Andrew R
Bought by
Terrell Bruce W and Terrell Melissa C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2001

Purchase Details

Closed on
Feb 1, 2000

Purchase Details

Closed on
Feb 1, 1994

Map

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $795,000 --
Warranty Deed -- --
Warranty Deed $325,000 --
Warranty Deed $325,000 --
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Deed -- --
Deed -- --
Warranty Deed $75,000 --
Warranty Deed $75,000 --
Warranty Deed $75,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $244,983 New Conventional
Previous Owner $260,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $795,000 -6.5% $452 / Sq Ft
09/26/2024 09/26/24 Price Changed $850,000 -5.0% $483 / Sq Ft
08/16/2024 08/16/24 For Sale $895,000 -- $509 / Sq Ft
Source: Georgia MLS

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 $1,501 $93,538 $0 $93,538
2023 $1,442 $78,801 $0 $78,801
2022 $1,357 $74,166 $0 $74,166
2021 $1,253 $66,854 $0 $66,854
2020 $1,146 $59,061 $0 $59,061
2019 $1,154 $59,061 $0 $59,061
2018 $1,158 $59,061 $0 $59,061
2017 $1,110 $59,061 $0 $59,061
2016 $1,102 $58,444 $0 $58,444
2015 $1,056 $54,855 $0 $54,855
2014 $1,062 $54,855 $0 $54,855
Source: Public Records

Source: Georgia MLS

MLS Number: 10360095

Georgia MLS

APN: LR01-006-L