NOT LISTED FOR SALE

480 Palmetto Dr Ellijay, GA 30540

Estimated Value: $477,093 - $561,000

3 Beds
3 Baths
2,656 Sq Ft
$196/Sq Ft Est. Value

Last Sold November 27, 2023

Last sale price $460,000 $173 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,251/month

71 Days on Market

Highlights

  • Fitness Center
  • Community Lake
  • Wooded Lot
  • Gated Community
  • Deck
  • Vaulted Ceiling

About This Home

As of November 2023

Luxury meets nature in this remarkable Coosawattee River Resort cabin. Nestled within the serene surroundings, this 3-bedroom, 3-bathroom gem is a dream sanctuary. The distinguished metal roof complements the rustic charm, while showcasing durability and longevity. Step into the open living room and be captivated by the floor-to-ceiling rock fireplace, an inviting centerpiece perfect for cozy gatherings or evenings of storytelling. The rich pine wood floors elevate the ambiance, providing warmth and character that truly embodies a mountain retreat. Discover the versatility of the loft area, a space that can be tailored to suit your needs. Create a serene reading nook, a productive home office, or utilize it as an additional sleeping area for guests. The finished basement adds another dimension to this exceptional property, offering vast potential for customization. Imagine transforming this space into a game room, a home theater, or an additional living area for everyone to enjoy. The possibilities are endless, and the choice is yours to create the ultimate entertainment haven. An inviting circle driveway beckons you home and provides convenient parking for you and your guests. Embrace the essence of outdoor living with the covered porches and screened decks, allowing you to soak in the beauty of nature while providing shelter from the elements. Start your day with a serene cup of coffee, basking in the surrounding scenery, or unwind in the evening with a glass of wine as you savor the awe-inspiring views. This remarkable cabin is not just a haven for relaxation and enjoyment; it also presents an incredible investment opportunity. With the option for short-term rentals, you can maximize your return on investment while still indulging in the cabin's comfort for personal use. Take advantage of the high demand for vacation rentals in this sought-after location, creating a revenue stream that complements your ownership. To sweeten the deal, this cabin comes fully furnished, allowing you to effortlessly transition into mountain living. Say goodbye to the hassle of furnishing and decorating; simply pack your suitcase and relish in the endless amenities and activities that Coosawattee River Resort has to offer. From swimming pools and tennis courts to hiking trails and fishing spots, this premier resort community provides a plethora of leisure options to suit any lifestyle. Prepare to embark on an extraordinary journey with this impeccable cabin in Coosawattee River Resort. Whether you seek solace in nature or desire a savvy investment opportunity, this property satisfies all needs. Don't miss the chance to make it yours. Schedule a showing today and unlock the extraordinary possibilities that await you in this mountain retreat.

Last Agent to Sell the Property

Susan McVey

RE/MAX Town & Country License #254357 Listed on: 09/02/2023

RE/MAX Town & Country

Co-Listed By

Dorinda Burnett

RE/MAX Town & Country License #60932

Last Buyer's Agent

Scott Nichols

Coldwell Banker Upchurch Realty License #207008

Coldwell Banker Upchurch Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,776

Year Built

  • Built in 2004

Lot Details

  • 0.52 Acre Lot
  • Wooded Lot

HOA Fees

  • $80 Monthly HOA Fees

Home Design

  • Cabin
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 3-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Fireplace Features Masonry
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Breakfast Room
  • Loft
  • Screened Porch
  • Pine Flooring

Kitchen

  • Country Kitchen
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • Walk-In Closet
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Finished Basement Bathroom
  • Natural lighting in basement

Parking

  • 5 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Deck

Schools

  • Ellijay Primary/Elementary School
  • Clear Creek Middle School
  • Gilmer High School

Utilities

  • Central Air
  • Heat Pump System
  • Private Sewer
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 2007

Community Details

Overview

  • $550 Initiation Fee
  • Association fees include private roads, security, swimming, tennis
  • Coosawattee River Resort Subdivision
  • Community Lake

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Park

Additional Features

  • Guest Suites
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,776

Year Built

Built in 2004

Lot Details

0

HOA Fees

$80 per month

Listing Details

  • Property Type: Residential
  • District: 11
  • Section: 2
  • Year Built: 2004
  • Co List Office: RXTW01
  • Financing Type: Cash
  • Levels: Three Or More
  • Lot Size Acres: .52
  • Property Sub-Type: Single Family Residence
  • Structure Type: Cabin
  • Total Finished Area2: 2656
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Washer, Dishwasher, Microwave, Oven/Range (Combo), Refrigerator
  • Bedrooms: 3
  • Dining Room Features: Dining Rm/Living Rm Combo
  • Basement: Bath Finished, Daylight, Interior Entry, Exterior Entry, Finished, Full
  • Below Grade Finished Sq Ft: 1008
  • Total Finished Sq Ft: 1648
  • Above Grade Finished Sq Ft: 1648
  • Interior Amenities: Vaulted Ceiling(s), Separate Shower, Walk-In Closet(s), Whirlpool Bath
  • Full Bathrooms: 3
  • Fireplace Features: Family Room, Living Room, Masonry
  • Flooring: Pine
  • Kitchen Features: Breakfast Bar, Breakfast Room, Country Kitchen, Kitchen Island
  • Price Per Square Foot: 173.192

Beds/Baths

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

Exterior Features

  • Common Walls: No Common Walls
  • Construction Materials: Wood Siding
  • Lot Features: None
  • Patio And Porch Features: Deck, Porch, Screened
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 5

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Heat Pump
  • Laundry Features: Other
  • Security Features: Gated Community
  • Sewer: Private Sewer
  • Utilities: Cable Available, Electricity Available, High Speed Internet
  • Water Source: Public

Condo/Co-op/Association

  • Annual Association Fee: 960
  • Association: Yes
  • Community Features: Gated, Guest Lodging, Lake, Park, Fitness Center, Playground, Pool, Tennis Court(s)

Fee Information

  • Initiation Fee: 550
  • Association Fee Includes: Other, Private Roads, Security, Swimming, Tennis

Schools

  • Elementary School: Ellijay Primary/Elementary
  • High School: Gilmer
  • High School Bus: Yes
  • Middle School: Clear Creek
  • Middle School Bus: Yes
  • Elementary School: Ellijay Primary/Elementary
  • Middle School: Clear Creek
  • High School: Gilmer

Lot Info

  • Land Lot: 140,1
  • Lot: 2007
  • Deed Book: 1819
  • Deed Page: 191
  • Plat Book: 13
  • Plat Page: 269

Multi Family

  • Total Fireplaces: 1

Tax Info

  • Year: 2022
  • Tax Annual Amount: 2776.14

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2013
Sold by
Boone John
Bought by
Boone John and Boone Carolyn
Total Days on Market
71
Current Estimated Value
$520,773

Purchase Details

Closed on
Apr 29, 2005
Sold by
Pierce David J
Bought by
Boone John and Boone Carolyn

Purchase Details

Closed on
May 26, 2004
Sold by
Lewis Julee
Bought by
Pierce David J

Purchase Details

Closed on
Dec 29, 2000
Sold by
Rice Judith F
Bought by
Lewis Julee

Purchase Details

Closed on
Sep 1, 1997
Sold by
Rice Judith F
Bought by
Rice Judith F

Purchase Details

Closed on
Feb 1, 1986
Bought by
Rice Judith F
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
Boone John -- --
Boone John $190,000 --
Pierce David J $7,500 --
Lewis Julee $5,000 --
Rice Judith F $2,500 --
Rice Judith F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boone John Carolyn $149,000
Previous Owner Boone John $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2023 11/27/23 Sold $460,000 -3.1% $173 / Sq Ft
11/12/2023 11/12/23 Pending -- -- --
10/24/2023 10/24/23 Price Changed $474,899 -5.0% $179 / Sq Ft
09/10/2023 09/10/23 Price Changed $499,899 -5.7% $188 / Sq Ft
09/02/2023 09/02/23 For Sale $530,000 -- $200 / 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 $3,077 $198,584 $3,400 $195,184
2023 $2,911 $181,984 $2,920 $179,064
2022 $2,776 $157,744 $2,000 $155,744
2021 $2,469 $124,424 $2,000 $122,424
2020 $2,310 $105,012 $1,920 $103,092
2019 $2,373 $104,772 $1,680 $103,092
2018 $2,304 $100,452 $1,680 $98,772
2017 $2,119 $86,140 $2,000 $84,140
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 10198937

Georgia MLS

APN: 3052I-004