NOT LISTED FOR SALE

398 Sylvan Lake Dr Rabun Gap, GA 30568

Estimated Value: $351,000 - $431,366

3 Beds
3 Baths
2,145 Sq Ft
$175/Sq Ft Est. Value

Last Sold October 31, 2023

Last sale price $305,000 $142 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,162/month

51 Days on Market

Highlights

  • Waterfall on Lot
  • Community Lake
  • 1 Fireplace
  • River View
  • Main Floor Primary Bedroom
  • Cooling Available

About This Home

As of October 2023

Back on the market at no fault of the seller. If you're looking for a place where rustic meets majestic and mountain splendor meets the peaceful life style, you'll find it here at the Sylvan Lake Falls community. This dream home or mountain getaway offer views among tall mature trees, magnificent rhododendron and the sound of YEAR-ROUND RUSHING WATER off the rippling mountain stream that runs right behind the house. This partially renovated home has an open concept kitchen, dining and living room. Two bedrooms and bathrooms on the main level and a guest suit on the lower level with private entry. Cool nights won't be a problem with the large stone fireplace You will feel like you are away from it all, but will be less than 15 minutes from Clayton, and just a few miles to the Chattooga River. Black Rock State Park is a short drive away with hiking trails where elevation is 3,640+/-!! Rabun County is home to 3 state parks, thousands of acres of National Forest land, beautiful lakes and rivers, and great shopping and restaurants in the town of Clayton. PROPERTY WILL BE SOLD AS IS. Owner lives out of state and decided not to complete the renovations. There several loan options available when purchasing a owner-occupied, second home or investment properties that is under construction.

Last Agent to Sell the Property

Cheri Harrington

Keller Williams Lanier Partners Brokerage Phone: 678-920-1649 License #430530 Listed on: 06/07/2023

Keller Williams Lanier Partners

Last Buyer's Agent

Jeremy Smith

Engel & Völkers Atlanta License #350038

Engel & Völkers Atlanta

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,156

Year Built

  • Built in 1972

Lot Details

  • 1 Acre Lot
  • Sloped Lot

Home Design

  • Cabin
  • Fixer Upper
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1.5-Story Property
  • 1 Fireplace
  • Laminate Flooring
  • River Views

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main

Finished Basement

  • Partial Basement
  • Exterior Basement Entry
  • Natural lighting in basement

Outdoor Features

  • Waterfall on Lot

Schools

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

Utilities

  • Cooling Available
  • Heating System Uses Propane
  • Propane
  • Private Water Source
  • Septic Tank

Community Details

  • Property has a Home Owners Association
  • Association fees include private roads, water
  • Sylvan Lake Falls Subdivision
  • Community Lake

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,156

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1972
  • ArchitecturalStyle: Other
  • Financing Type: Conventional
  • Levels: One and One Half
  • Lot Size Acres: 1.00
  • Property Sub-Type: Single Family Residence
  • Structure Type: Cabin, House
  • Total Finished Area2: 2145
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: None
  • Bedrooms: 3
  • Basement: Daylight, Exterior Entry, Finished, Partial
  • Below Grade Finished Sq Ft: 825
  • Total Finished Sq Ft: 1320
  • Above Grade Finished Sq Ft: 1320
  • Interior Amenities: Master On Main Level
  • Full Bathrooms: 3
  • Flooring: Laminate
  • Price Per Square Foot: 142.191

Beds/Baths

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

Exterior Features

  • Construction Materials: Wood Siding
  • Lot Features: Sloped, Waterfall
  • Property Condition: Fixer
  • Roof: Composition
  • View: River

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling: Electric
  • Heating: Propane
  • Laundry Features: Other
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Propane, Water Available
  • Water Source: Private

Condo/Co-op/Association

  • Association: Yes
  • Community Features: Lake

Fee Information

  • Association Fee Includes: Private Roads, Water

Schools

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

Multi Family

  • Total Fireplaces: 1

Tax Info

  • Year: 2022
  • Tax Annual Amount: 1155.68

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2023
Closed on
Oct 31, 2023
Sold by
Lrg Investments Llc
Bought by
Hatch Emily and Hatch Huston
Seller's Agent
Cheri Harrington
Keller Williams Lanier Partners
Buyer's Agent
Jeremy Smith
Engel & Völkers Atlanta
List Price
$349,900
Sold Price
$305,000
Premium/Discount to List
-$44,900
-12.83%
Views
375
Current Estimated Value
$373,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,400
Avg. Annual Appreciation
12.92%

Purchase Details

Closed on
Jul 1, 2007
Sold by
Not Provided
Bought by
Lrg Investments Llc

Purchase Details

Closed on
Nov 1, 1994

Purchase Details

Closed on
Sep 1, 1993

Purchase Details

Closed on
May 1, 1988

Purchase Details

Closed on
Jun 1, 1978
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 Buyer Sale Price Title Company
Hatch Emily $305,000 --
Lrg Investments Llc $119,000 --
Lrg Investments Llc $119,000 --
-- -- --
-- -- --
-- $79,500 --
-- $79,500 --
-- $79,500 --
-- $79,500 --
-- -- --
-- -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2023 10/31/23 Sold $305,000 -6.2% $142 / Sq Ft
07/28/2023 07/28/23 Pending -- -- --
07/10/2023 07/10/23 Price Changed $325,000 -7.1% $152 / Sq Ft
06/22/2023 06/22/23 For Sale $349,900 0.0% $163 / Sq Ft
06/19/2023 06/19/23 Pending -- -- --
06/15/2023 06/15/23 Price Changed $349,900 -12.5% $163 / Sq Ft
06/07/2023 06/07/23 For Sale $399,999 -- $186 / Sq Ft
Source: Georgia MLS

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 $1,408 $87,738 $24,000 $63,738
2023 $1,341 $73,244 $24,000 $49,244
2022 $1,234 $67,407 $20,000 $47,407
2021 $1,156 $61,636 $20,000 $41,636
2020 $1,143 $58,924 $20,000 $38,924
2019 $1,151 $58,924 $20,000 $38,924
2018 $1,155 $58,924 $20,000 $38,924
2017 $1,024 $54,492 $20,000 $34,492
2016 $1,027 $54,492 $20,000 $34,492
2015 $1,010 $52,459 $20,000 $32,459
2014 $1,016 $52,459 $20,000 $32,459
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 10167831

Georgia MLS

APN: 040C-047