$385,000
$15K PRICE DROP

492 Water Oak Dr Ellijay, GA 30540

Estimated payment $2,141/month

Total Views 8,402
3 Beds
3 Baths
2,240 Sq Ft
$172 Price per Sq Ft

Highlights

  • Fitness Center
  • Ranch Style House
  • Bonus Room
  • Gated Community
  • Wood Flooring
  • Great Room

About This Home

Step into comfort and style with this beautifully updated 3-bedroom, 3-bath ranch-plus an additional finished room and one full bath on the terrace level. This home offers everything from a welcoming front porch to a spacious fenced backyard. Inside, enjoy a large open floor plan with gleaming hardwood floors and a stunning rock gas-log fireplace. The kitchen is a chef's dream, featuring new quartz countertops, stainless steel appliances, a tile backsplash, oak cabinets, a large island, a pantry, and a generous dining area. All three bedrooms are conveniently located on the main level, including a spacious master suite with his-and-her closets, new carpet, and a luxurious bath with a marble double vanity and tile flooring. A second updated main-level bath features marble counters and tile floors, and the nearby laundry room adds convenience. Step out from the dining area to a large screened-in porch overlooking the backyard-perfect for relaxing or entertaining. Downstairs, the terrace level offers even more flexible living space with a finished bonus room and a full bath with LVP flooring. Additional perks include a 2019 roof, a Generac whole-house generator, an insulated storage building with electricity, and an extra-deep 2-car garage for added storage. This home is located in a gated community with lots of amenities that include an indoor pool, fitness center, river park with pavilion and basketball court and river access, game room, 2 outdoor pools, tennis courts, pickle ball court, putt putt golf and more.

Listing Agent

Regina Payne

RE/MAX Town & Country Brokerage Phone: 7065157653 License #386904 Listed on: 08/01/2025

RE/MAX Town & Country

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $333

Year Built

  • Built in 1999

Lot Details

  • 0.5 Acre Lot
  • Fenced
  • Level Lot

HOA Fees

  • $90 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Traditional Architecture
  • Country Style Home
  • Concrete Siding
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room
  • Living Room with Fireplace
  • Bonus Room
  • Screened Porch
  • Finished Basement
  • Partial Basement
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • 2 Car Garage
  • Drive Under Main Level

Outdoor Features

  • Separate Outdoor Workshop

Schools

  • Mountain View Elementary School
  • Clear Creek Middle School
  • Gilmer High School

Utilities

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

Listing and Financial Details

  • Tax Lot 195

Community Details

Overview

  • $1,430 Initiation Fee
  • Association fees include private roads, swimming, tennis
  • Coosawattee Subdivision

Recreation

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

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$333

Year Built

Built in 1999

Lot Details

0

HOA Fees

$90 per month

Listing Details

  • Property Type: Residential
  • Section: 2
  • Year Built: 1999
  • ArchitecturalStyle: Country/Rustic, Ranch, Traditional
  • Levels: One
  • Lot Size Acres: .50
  • Other Sturctures: Workshop
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 2240
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Refrigerator
  • Bedrooms: 3
  • Basement: Finished, Partial
  • Below Grade Finished Sq Ft: 784
  • Total Finished Sq Ft: 1456
  • Above Grade Finished Sq Ft: 1456
  • Interior Amenities: Master On Main Level
  • Full Bathrooms: 3
  • Fireplace Features: Gas Log, Living Room
  • Flooring: Carpet, Hardwood, Vinyl
  • Kitchen Features: Pantry

Beds/Baths

  • Lower Level Full Bathrooms: 1
  • Main Level Full Bathrooms: 2
  • Bedroom Main Level: 3

Exterior Features

  • Common Walls: No Common Walls
  • Construction Materials: Concrete, Vinyl Siding
  • ExteriorFeatures: Other
  • Fencing: Fenced
  • Lot Features: Level
  • Patio And Porch Features: Porch, Screened
  • Property Condition: Resale
  • Roof: Other

Garage/Parking

  • Parking Features: Basement, Garage
  • ParkingTotal: 2

Utilities

  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Heating: Central, Electric
  • Laundry Features: Other
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, High Speed Internet, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Annual Association Fee: 1080
  • Association: Yes
  • Community Features: Fitness Center, Gated, Playground, Pool, Tennis Court(s)

Fee Information

  • Initiation Fee: 1430
  • Association Fee Includes: Private Roads, Swimming, Tennis

Schools

  • Elementary School: Mountain View
  • High School: Gilmer
  • Middle School: Clear Creek

Lot Info

  • Land Lot: 186
  • Lot: 195

Multi Family

  • Total Fireplaces: 1

Tax Info

  • Year: 2024
  • Tax Annual Amount: 333.11

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2025 $324 $136,904 $3,480 $133,424
2024 $324 $139,588 $3,400 $136,188
2023 $333 $127,948 $2,920 $125,028
2022 $347 $104,588 $2,000 $102,588
2021 $385 $83,428 $2,000 $81,428
2020 $429 $66,312 $1,920 $64,392
2019 $449 $65,312 $1,680 $63,632
2018 $495 $62,632 $1,680 $60,952
2017 $377 $62,320 $2,000 $60,320
2016 $377 $68,280 $4,000 $64,280
2015 $354 $51,720 $2,680 $49,040
2014 $348 $46,280 $1,800 $44,480
2013 -- $48,400 $1,800 $46,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/12/2025 09/12/25 Price Changed $385,000 -3.7% $172 / Sq Ft
08/01/2025 08/01/25 For Sale $399,777 +219.8% $178 / Sq Ft
08/11/2017 08/11/17 Sold $125,000 0.0% $56 / Sq Ft View Prior Sale
07/14/2017 07/14/17 Pending -- -- --
10/21/2016 10/21/16 For Sale $125,000 -- $56 / Sq Ft
Source: Georgia MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Warranty Deed $150,000 --
Deed $120,000 --
Deed $119,966 --
Foreclosure Deed $119,966 --
Deed $147,000 --
Deed $94,000 --
Deed $6,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $119,500 New Conventional
Source: Public Records

Source: Georgia MLS

MLS Number: 10578408

Georgia MLS

APN: 3053F-038