NOT LISTED FOR SALE

422 Gipson Ln Lakemont, GA 30552

Estimated Value: $473,729 - $723,000

3 Beds
3 Baths
2,314 Sq Ft
$237/Sq Ft Est. Value

Last Sold March 25, 2022

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

Est. 46% increase in value since last sale

Current estimated payment $3,292/month

32 Days on Market

Highlights

  • 7.62 Acre Lot
  • Wood Flooring
  • High Ceiling
  • Rabun County High School Rated 9+
  • 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

  • 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
  • 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%
Total Days on Market
32
Current Estimated Value
$548,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,432
Avg. Annual Appreciation
13.29%
Original Mortgage
$363,750
Outstanding Balance
$342,706
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$216,322

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

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Range of Values:

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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

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Map

Source: Georgia MLS

MLS Number: 20015799

Georgia MLS

APN: 046D-094A