3242 Gates Chapel Rd Ellijay, GA 30540
3
Beds
3
Baths
2,896
Sq Ft
4
Acres
Highlights
- Private Waterfront
- 4 Acre Lot
- Private Lot
- Home fronts a pond
- Community Lake
- Wood Flooring
About This Home
As of April 2025Just reduced 80K.If you're seeking a slice of paradise, your search ends here! This stunning 4-acre retreat offers tranquility and privacy. Enjoy breathtaking views from your back deck, overlooking a spacious lawn and serene lake. The mostly flat terrain gently slopes toward the water. While the shoreline is owned by the Mountaintown property owners, it remains accessible to all, with only nine properties lining the lake. The cabin features a large wraparound deck and a screened porch, perfect for relaxing outdoors. Inside, the great room boasts exposed beam ceilings and a charming stone wood-burning fireplace. The expansive primary bedroom on the main floor features vaulted beamed ceilings, while the kitchen flows seamlessly into the dining area, offering ample cabinets and storage. Upstairs, you'll find a versatile living/bedroom space with access to a small deck, providing plenty of room for your belongings. The terrace level includes a cozy living area and an additional bedroom with a bathroom. A detached carport/storage building offers potential for conversion into a small guest apartment. Surrounded by lush trees and nature, this property is a dream for mountain biking enthusiasts, with Bear Creek Trail, Pinhoti 1-3 loop, and Mulberry Gap Base Camp just a short distance away. This is a fantastic opportunity in a prime location-don't miss out! Property comes turn-key furnished with the exception of a few personal items.
Last Agent to Sell the Property
RE/MAX Town & Country License #171427 Listed on: 10/24/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,349
Year Built
- Built in 1985
Lot Details
- 4 Acre Lot
- Home fronts a pond
- Private Waterfront
- Private Lot
- Level Lot
Home Design
- Cabin
- Composition Roof
- Metal Roof
- Wood Siding
- Log Siding
Interior Spaces
- 2,896 Sq Ft Home
- 2-Story Property
- Beamed Ceilings
- Ceiling Fan
- Family Room with Fireplace
- Great Room
- Formal Dining Room
- Bonus Room
Kitchen
- Breakfast Bar
- Oven or Range
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 3 Bedrooms | 1 Primary Bedroom on Main
- Walk-In Closet
Laundry
- Laundry in Hall
- Dryer
- Washer
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Finished Basement Bathroom
Parking
- 4 Parking Spaces
- Carport
Outdoor Features
- Balcony
- Outbuilding
Schools
- Clear Creek Middle School
- Gilmer High School
Farming
- Pasture
Utilities
- Central Heating and Cooling System
- Propane
- Well
- Septic Tank
- High Speed Internet
- Cable TV Available
Community Details
- Property has a Home Owners Association
- Community Lake
Listing and Financial Details
- Tax Lot 8
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 24, 2024
Closed on
Apr 9, 2025
Sold by
Coats Investments Lllp
Bought by
Knight Paige Rae and Williams Benjamin Adair
Seller's Agent
Doug Morgan
RE/MAX Town & Country
Buyer's Agent
Teesha Morgan
Ansley RE|Christie's Int'l RE
List Price
$579,000
Sold Price
$450,000
Premium/Discount to List
-$129,000
-22.28%
Views
253
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,003
Avg. Annual Appreciation
28.48%
Original Mortgage
$405,000
Outstanding Balance
$404,644
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$80,489
Purchase Details
Closed on
Mar 27, 2012
Sold by
The Davis Family Tru
Bought by
Coats Investments Lllp
Purchase Details
Closed on
Jan 1, 1995
Bought by
The Davis Family Tru
Purchase Details
Closed on
Sep 1, 1992
Bought by
The Davis Family Tru
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Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Limited Warranty Deed | $450,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $70,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $405,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/09/2025 04/09/25 | Sold | $450,000 | -6.1% | $155 / Sq Ft |
| 03/12/2025 03/12/25 | Pending | -- | -- | -- |
| 02/26/2025 02/26/25 | Price Changed | $479,000 | -12.8% | $165 / Sq Ft |
| 02/06/2025 02/06/25 | Price Changed | $549,000 | -5.2% | $190 / Sq Ft |
| 10/24/2024 10/24/24 | For Sale | $579,000 | -- | $200 / Sq Ft |
Source: Georgia MLS
Tax History Compared to Growth
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 | $2,275 | $146,852 | $21,600 | $125,252 |
| 2023 | $2,349 | $146,852 | $21,600 | $125,252 |
| 2022 | $2,261 | $128,452 | $18,000 | $110,452 |
| 2021 | $2,047 | $103,132 | $18,000 | $85,132 |
| 2020 | $1,814 | $82,472 | $13,600 | $68,872 |
| 2019 | $1,868 | $82,472 | $13,600 | $68,872 |
| 2018 | $1,932 | $84,200 | $14,960 | $69,240 |
| 2017 | $1,763 | $71,652 | $14,960 | $56,692 |
| 2016 | $1,844 | $73,452 | $14,960 | $58,492 |
| 2015 | $1,522 | $61,720 | $11,400 | $50,320 |
| 2014 | $1,592 | $62,120 | $11,400 | $50,720 |
| 2013 | -- | $64,320 | $11,400 | $52,920 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Doug Morgan
RE/MAX
(770) 377-0578
39 in this area
68 Total Sales
-
Buyer's Agent in 2025
Teesha Morgan
Ansley RE|Christie's Int'l RE
(706) 851-8266
60 in this area
112 Total Sales
Map
Source: Georgia MLS
MLS Number: 10402813
APN: 3046E-008
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.
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