$40,000
SOLD DEC 31, 2012

492 Sims Way Rabun Gap, GA 30568

2 Beds
1 Bath
1,156 Sq Ft
0.5 Acres

Recently Sold

$35 Per Sq Ft

20% Below List Price

118 Days on Market

Highlights

  • Community Lake
  • Loft
  • Solarium
  • Mountainous Lot

About This Home

As of July 2015

CUTE CABIN IN THE MOUNTAINS COMPLETE WITH STONE FIRE PLACE. LAKE IN SUBDIVISION. HOA = $650/YR FOR WATER & ROAD MAINTENANCE. FREDDIE MAC 1ST LOOK THRU 9/4/12.

Last Agent to Sell the Property

Carol Boswell

Coldwell Banker Fort Realty License #26000 Listed on: 08/20/2012

Last Buyer's Agent

Carol Boswell

Coldwell Banker Fort Realty License #26000 Listed on: 08/20/2012

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $1,262

Year Built

  • 1987

Interior Spaces

  • Loft
  • Solarium
  • Finished Basement
  • Walk-Out Basement

Additional Features

  • Mountainous Lot
  • Septic Tank

Community Details

  • Community Lake

Listing and Financial Details

  • Tax Lot 94

Property Details

Home Type

Other

Est. Annual Taxes

$1,262

Year Built

1987

Lot Details

0

Listing Details

  • District: 2ND
  • Property Setting: Mountain
  • Special Features: 20
  • Year Built: 1987

Interior Features

  • Fireplaces: 1
  • Fireplace(s): 1, In Great/Family Room, Factory Built
  • Main Floor Bedrooms: 1
  • Main Level Full Bathrooms: 1
  • Basement: Outside Entrance, Finished Rooms
  • Interior Amenities: Vaulted Ceilings, Ceilings 9 Ft Plus, Exposed Beams, Wall-to-wall Carpet
  • Laundry Location: Hall
  • Below Grade Finished Sq Ft: 220
  • Unfinished Below Grade Sq Ft: 720
  • Above Grade Finished Sq Ft: 1156

Exterior Features

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

Utilities

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

Association/Amenities

  • Amenities: Lake

Condo/Co-op/Association

  • Fees Include: Private Roads, Water

Schools

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

Lot Info

  • Lot Description: Sloping
  • Lot Size: 1/2 - 1 Acre
  • Land Lot: 94

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
Current Estimated Value
$303,153

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
11.08%
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
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 Type Sale Price Title Company
Warranty Deed $197,500 --
Warranty Deed $197,500 --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed $110,000 --
Warranty Deed $110,000 --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Foreclosure Deed $63,164 --
Foreclosure Deed $63,164 --
Warranty Deed -- --
Warranty Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed $41,900 --
Warranty Deed $41,900 --
Warranty Deed $2,000 --
Warranty Deed $2,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $177,489 Mortgage Modification
Closed $137,500 New Conventional
Previous Owner $156,632 New Conventional
Previous Owner $110,500 New Conventional
Previous Owner $29,265 New Conventional
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

    35 Total Sales

    Pam Hyer
    Section Image

  • C

    Seller's Agent in 2012

    Carol Boswell

    Coldwell Banker Fort Realty

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Map

Source: Georgia MLS

MLS Number: 03273649

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 and is currently priced at $40,000, approximately $34 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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