NOT LISTED FOR SALE

492 Sims Way Rabun Gap, GA 30568

Estimated Value: $282,111 - $379,000

3 Beds
2 Baths
1,156 Sq Ft
$277/Sq Ft Est. Value

Last Sold July 10, 2015

Last sale price $110,000 $95 Per Sq Ft

Est. 191% increase in value since last sale

Current estimated payment $1,806/month

107 Days on Market

Highlights

  • Community Lake
  • Loft
  • Park
  • Rabun County High School Rated 9+
  • Solarium

About This Home

As of July 2015

Great mountain cabin in Sylvan Lake Falls. 3 bedrooms, 2 baths, stone, wood-burning fireplace, walk-in closet, tile shower, exposed beams, large loft, sunroom, screen porch, stainless steel appliances, and more. Totally furnished (except tables & chairs and personal items) and ready for you!

Last Agent to Sell the Property

Pam Hyer

Bear Creek Realty License #206192 Listed on: 03/09/2015

Last Buyer's Agent

Pam Hyer

Bear Creek Realty License #206192 Listed on: 03/09/2015

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $1,262

Year Built

  • 1987

Lot Details

  • 0.5

Interior Spaces

  • Loft
  • Solarium

Finished Basement

  • Walk-Out Basement
  • Partial Basement
  • Finished Basement Bathroom
  • Natural lighting in basement

Schools

  • Rabun County / Rabun / Rabun County Elementary And Middle School
  • Rabun County / Rabun / Rabun County High School

Utilities

  • Electric Water Heater
  • Septic Tank

Community Details

Overview

  • Property has a Home Owners Association
  • Community Lake

Recreation

  • Park

Property Details

Home Type

Other

Est. Annual Taxes

$1,262

Year Built

1987

Lot Details

0

Listing Details

  • Special Features: None
  • Year Built: 1987

Interior Features

  • Fireplace(s): 1, In Living Room, Factory Built
  • Basement: Bath Finished, Daylight, Outside Entrance, Finished Rooms, Partial
  • Kitchen Equipment: Dishwasher, Range/Oven, Refrigerator
  • Interior Amenities: Vaulted Ceilings, Exposed Beams, Walk-in Closet
  • Laundry Location: Hall
  • Below Grade Finished Sq Ft: 220
  • Above Grade Finished Sq Ft: 1156

Exterior Features

  • Construction: Aluminum/Vinyl
  • Exterior Features: Screen Porch
  • Roof Type: Composition

Garage/Parking

  • Parking: 3 Car Or More

Utilities

  • Cooling Fuel: Electric
  • Cooling: Central, Heat Pump
  • Heating Fuel: Electric
  • Heating: Heat Pump
  • Energy Features: Electric Water Heater
  • Water/Sewer: Public Water, Septic Tank

Condo/Co-op/Association

  • HOA Fees: 650
  • HOA Fee Frequency: Annual
  • Fees Include: Private Roads, Water

Association/Amenities

  • Amenities: Lake, Neighborhood Association, Park

Schools

  • Elementary School: Rabun County / Rabun / Rabun County, GA
  • High School: Rabun County / Rabun / Rabun County, GA
  • Middle School: Rabun County / Rabun / Rabun County, GA

Lot Info

  • Lot Description: Sloping, Wooded
  • Lot Size: 1/2 - 1 Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2021
Sold by
Mcdonald Adrienne Renee Plat
Bought by
Sylvan Lake Falls Retreat Llc
Total Days on Market
107
Current Estimated Value
$320,528

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 2020
Sold by
Mcdonald Charles D
Bought by
Mcdonald Adrienne Renee Platt

Purchase Details

Listed on
Mar 9, 2015
Closed on
Jul 9, 2015
Sold by
L & L Southern Holdings Ll
Bought by
Platt Lewis G and Mcdonald Charles D
Seller's Agent
Pam Hyer
Bear Creek Realty
Buyer's Agent
Pam Hyer
Bear Creek Realty
List Price
$115,000
Sold Price
$110,000
Premium/Discount to List
-$5,000
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.35%
Original Mortgage
$110,500
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 20, 2012
Closed on
Dec 31, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
L & L Southern Holdings Llc
Seller's Agent
Carol Boswell
Coldwell Banker Fort Realty
Buyer's Agent
Carol Boswell
Coldwell Banker Fort Realty
List Price
$49,900
Sold Price
$40,000
Premium/Discount to List
-$9,900
-19.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.40%

Purchase Details

Closed on
Aug 7, 2012
Sold by
Citimortgage Inc
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Sep 1, 2004

Purchase Details

Closed on
Apr 1, 1992

Purchase Details

Closed on
Sep 1, 1989
Bought by
Newlon Alma J

Purchase Details

Closed on
Aug 1, 1986
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
Sylvan Lake Falls Retreat Llc $197,500 --
Sylvan Lake Falls Retreat Llc $197,500 --
Mcdonald Adrienne Renee Platt -- --
Mcdonald Adrienne Renee Platt -- --
Platt Lewis G $110,000 --
Platt Lewis G $110,000 --
L & L Southern Holdings Llc -- --
L & L Southern Holdings Llc -- --
Federal Home Loan Mortgage Corporation -- --
Federal Home Loan Mortgage Corporation -- --
Citimortgage Inc $63,164 --
Citimortgage Inc $63,164 --
-- -- --
-- -- --
-- -- --
-- -- --
Newlon Alma J $41,900 --
Newlon Alma J $41,900 --
-- $2,000 --
-- $2,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sylvan Lake Falls Retreat Llc $177,489
Closed Sylvan Lake Falls Retreat Llc $137,500
Previous Owner Mcdonald Renee Platt $156,632
Previous Owner Platt Lewis G $110,500
Previous Owner Newlon Philip M $29,265
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2015 07/10/15 Sold $110,000 -4.3% $95 / Sq Ft
06/24/2015 06/24/15 Pending -- -- --
03/09/2015 03/09/15 For Sale $115,000 +187.5% $99 / Sq Ft
12/31/2012 12/31/12 Sold $40,000 -19.8% $35 / Sq Ft
12/17/2012 12/17/12 Pending -- -- --
08/20/2012 08/20/12 For Sale $49,900 -- $43 / 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 $1,262 $78,654 $12,000 $66,654
2023 $1,331 $72,694 $12,000 $60,694
2022 $1,254 $68,492 $10,000 $58,492
2021 $864 $46,081 $8,000 $38,081
2020 $825 $42,525 $8,000 $34,525
2019 $792 $40,552 $8,000 $32,552
2018 $760 $38,788 $8,000 $30,788
2017 $729 $38,788 $8,000 $30,788
2016 $731 $38,788 $8,000 $30,788
2015 $698 $36,230 $8,000 $28,230
2014 $701 $36,230 $8,000 $28,230
Source: Public Records

Agents Affiliated with this Home

  • Pam Hyer

    Seller's Agent in 2015

    Pam Hyer

    Bear Creek Realty

    (706) 490-1223

    3 in this area

    38 Total Sales

    Pam Hyer
    Section Image

  • C

    Seller's Agent in 2012

    Carol Boswell

    Coldwell Banker Fort Realty

See All Agents

Map

Source: Georgia MLS

MLS Number: 07414696

Georgia MLS

APN: 040C-054

Georgia Rabun County Rabun Gap 30525

492 Sims Way, Rabun Gap, GA

This home is located at 492 Sims Way, Rabun Gap, GA 30568 since 09 March 2015 and is currently estimated at $320,528, approximately $277 per square foot. This property was built in 1987. 492 Sims Way is a home located in Rabun County with nearby schools including Rabun County Primary School and Rabun County High School.

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