NOT LISTED FOR SALE

422 Gipson Ln Lakemont, GA 30552

Estimated Value: $468,514 - $544,000

3 Beds
3 Baths
2,314 Sq Ft
$215/Sq Ft Est. Value

Last Sold March 25, 2022

Last sale price $375,000 $162 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,898/month

32 Days on Market

Highlights

  • 7.62 Acre Lot
  • Country Style Home
  • High Ceiling
  • Wood Flooring
  • Bonus Room
  • No HOA

About This Home

As of March 2022

Now you see me, soon you won't! This log cabin home won't last long! Priced to sell this home features 2 bedrooms and 2 full baths on the main with an additional family room/den that is currently being used as a bedroom in the fully finished basement with separate entrance. Mature fruit tress and a pond are included with the sale of this home. Located on 7.62 acres along with a storage building and barn!

Last Agent to Sell the Property

Jim Blalock

Poss Realty License #3129 Listed on: 02/01/2022

Last Buyer's Agent

Cathy Cobb

BHHS Georgia Properties License #366027

BHHS Georgia Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,656

Year Built

  • Built in 2001

Lot Details

  • 7.62 Acre Lot

Home Design

  • Country Style Home
  • Cabin
  • Composition Roof
  • Log Siding

Interior Spaces

  • 2-Story Property
  • High Ceiling
  • Bonus Room
  • Wood Flooring

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • Bathtub Includes Tile Surround

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom
  • Laundry in Basement

Schools

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

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,656

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 2001
  • ArchitecturalStyle: Country/Rustic
  • Financing Type: Other
  • Levels: Two
  • Lot Size Acres: 7.62
  • Property Sub-Type: Single Family Residence
  • Structure Type: Cabin, House
  • Total Finished Area2: 2314
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dryer, Washer, Dishwasher, Oven/Range (Combo)
  • Bedrooms: 3
  • Basement: Bath Finished, Finished, Full
  • Below Grade Finished Sq Ft: 700
  • Total Finished Sq Ft: 1614
  • Above Grade Finished Sq Ft: 1614
  • Interior Amenities: High Ceilings, Tile Bath
  • Full Bathrooms: 3
  • Flooring: Hardwood
  • Price Per Square Foot: 162.06

Beds/Baths

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

Exterior Features

  • Construction Materials: Log
  • Lot Features: Other
  • Property Condition: Resale
  • Roof: Composition

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Laundry Closet, In Basement
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, High Speed Internet, Phone Available
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

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

Tax Info

  • Year: 2020
  • Tax Annual Amount: 1655.7

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2022
Closed on
Mar 25, 2022
Sold by
Houston Michael
Bought by
Brooks John L and Brooks Stefani N
Seller's Agent
Jim Blalock
Poss Realty
Buyer's Agent
Cathy Cobb
BHHS Georgia Properties
List Price
$400,000
Sold Price
$375,000
Premium/Discount to List
-$25,000
-6.25%
Current Estimated Value
$496,629

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,629
Avg. Annual Appreciation
11.65%
Original Mortgage
$363,750
Outstanding Balance
$342,706
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$205,726

Purchase Details

Closed on
Jul 30, 2009
Sold by
Citimortgage Inc
Bought by
Houston Michael W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,700
Interest Rate
5.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2008
Sold by
Smith Ernest L
Bought by
Citimortgage Inc

Purchase Details

Closed on
Dec 1, 2001
Bought by
Smith Ernest L

Purchase Details

Closed on
Oct 1, 1998
Source: Public Records

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 Buyer Sale Price Title Company
Brooks John L $375,000 --
Brooks John L $375,000 --
Houston Michael W $186,000 --
Houston Michael W $186,000 --
Houston Michael W $186,000 --
Citimortgage Inc $149,221 --
Citimortgage Inc $149,221 --
Smith Ernest L -- --
Smith Ernest L -- --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brooks John L $363,750
Previous Owner Houston Michael W $402,400
Previous Owner Houston Michael W $176,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2022 03/25/22 Sold $375,000 -6.3% $162 / Sq Ft
03/05/2022 03/05/22 Pending -- -- --
02/17/2022 02/17/22 For Sale $400,000 0.0% $173 / Sq Ft
02/01/2022 02/01/22 For Sale $400,000 -- $173 / Sq Ft
01/28/2022 01/28/22 Pending -- -- --
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 $2,551 $160,942 $30,694 $130,248
2023 $2,534 $140,452 $27,284 $113,168
2022 $1,982 $110,308 $25,512 $84,796
2021 $1,583 $86,444 $23,811 $62,633
2020 $1,617 $85,363 $23,811 $61,552
2019 $1,628 $85,363 $23,811 $61,552
2018 $1,634 $85,363 $23,811 $61,552
2017 $1,567 $85,363 $23,811 $61,552
2016 $1,572 $85,363 $23,811 $61,552
2015 $1,539 $81,897 $23,811 $58,086
2014 $1,547 $81,897 $23,811 $58,086
Source: Public Records

Agents Affiliated with this Home

  • Jim Blalock

    Seller's Agent in 2022

    Jim Blalock

    Poss Realty

    (706) 490-1404

    7 in this area

    85 Total Sales

    Jim Blalock
    Section Image
  • Cathy Cobb

    Buyer's Agent in 2022

    Cathy Cobb

    BHHS Georgia Properties

    (704) 258-1391

    1 in this area

    73 Total Sales

    Cathy Cobb
    Section Image
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Map

Source: Georgia MLS

MLS Number: 20015799

Georgia MLS

APN: 046D-094A

Georgia Rabun County Lakemont 30552

422 Gipson Ln, Lakemont, GA

This home is located at 422 Gipson Ln, Lakemont, GA 30552 since 01 February 2022 and is currently estimated at $496,629, approximately $214 per square foot. This property was built in 2001. 422 Gipson Ln is a home located in Rabun County with nearby schools including Rabun County Primary School, Rabun County High School, and Tallulah Falls School.

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