$842,000
SOLD AUG 22, 2025

520 Mountain Falls Loop Ellijay, GA 30536

4 Beds
3.5 Baths
3,600 Sq Ft
2.3 Acres

Recently Sold

$234 Per Sq Ft

4% Below List Price

49 Days on Market

Highlights

  • Gated Community
  • Craftsman Architecture
  • Deck
  • 2.3 Acre Lot
  • Mountain View
  • Cathedral Ceiling

About This Home

As of August 2025

Nestled in the heart of the North Georgia Mountains, this exquisite and charming mountain home in Falling Waters hosts an unparalleled blend of luxury and nature with 2.3 tastefully landscaped acres, creek access and breathtaking views. With over 3600 sq ft of living space, each level will make your jaw drop. The main living floor includes the family room with stacked stone fireplace, chef's kitchen with custom cabinetry and stainless steel appliances, large laundry room/utility room, home office space, primary suite, plus an additional spacious bedroom and bath. On this level outside is a screened-in living space with a cozy wood burning fireplace. The terrace level is home to two large bedrooms and a full bath, a home gym, stacked stone fireplace, and a wet bar. Custom cabinets, granite countertops, high-end finishes and modern touches are found throughout the home. Expansive decks adorn the entire back of the house and overlook a large flagstone firepit area, a sauna and hot tub, all of which stay with the home! This home is the most perfect blend of natural beauty and modern comfort. Truly a must see! Newly built outdoor shed. Samsung front load washer and dryer stay.

Last Agent to Sell the Property

Jamie Daves

Crye-Leike South, Inc Brokerage Phone: 7062653273 License #393563 Listed on: 05/23/2025

Crye-Leike South, Inc

Last Buyer's Agent

Nathan Fitts

Nathan Fitts & Team License #216251

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $983

Year Built

  • Built in 2017

Lot Details

  • 2.3 Acre Lot

HOA Fees

  • $100 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Open Parking

Home Design

  • Craftsman Architecture
  • Traditional Architecture
  • Permanent Foundation
  • Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3,600 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • 3 Fireplaces
  • Mountain Views
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Fire Pit

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 3116E 016

Community Details

Overview

  • Falling Waters Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$983

Year Built

Built in 2017

Lot Details

0

HOA Fees

$100 per month

Parking

2

Listing Details

  • Prop. Type: Residential
  • Year Built: 2017
  • Property Sub Type: Residential
  • Road Frontage Type: Road
  • Lot Size Acres: 2.3
  • Road Surface Type: Paved
  • Subdivision Name: Falling Waters
  • Architectural Style: Traditional, Craftsman
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Cooktop, Range, Oven, Microwave, Dishwasher, Washer, Dryer, Electric Water Heater
  • Has Basement: Finished, Full
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Vented, Gas Log, Wood Burning
  • Fireplaces: 3
  • Fireplace: Yes
  • Flooring: Wood, Carpet
  • Interior Amenities: Cathedral Ceiling(s)
  • Living Area: 3600
  • Master Bedroom Master Bedroom Level: Main

Exterior Features

  • Roof: Shingle
  • View: Mountain(s)
  • Topography: Wooded
  • View: Yes
  • Waterfront: No
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Private Yard, Fire Pit
  • Foundation Details: Permanent
  • Patio And Porch Features: Screened, Deck, Covered, Open
  • Property Condition: Resale

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Open Parking: Yes
  • Parking Features: Garage, Gravel, Concrete
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Sewer: Septic Tank
  • Laundry Features: Main Level
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Gated
  • Senior Community: No
  • Association Fee: 1200
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 100188
  • Parcel #: 3116E 016

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2025
Closed on
Aug 22, 2025
Sold by
Gallagher Elwood
Bought by
Ullman Chad and Ullman Linda Karen
Seller's Agent
Jamie Daves
Crye-Leike South, Inc
Buyer's Agent
Nathan Fitts
Nathan Fitts & Team
List Price
$880,000
Sold Price
$842,000
Premium/Discount to List
-$38,000
-4.32%
Views
175
Current Estimated Value
$854,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,474
Avg. Annual Appreciation
6.06%
Original Mortgage
$631,500
Outstanding Balance
$630,955
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$223,519

Purchase Details

Closed on
Oct 6, 2016
Sold by
Bearfoot Investments Llc
Bought by
Gallagher Elwood and Gallagher Rebecca

Purchase Details

Closed on
Oct 1, 2015
Sold by
Walmark Llc
Bought by
Highland Falls Llc

Purchase Details

Closed on
Sep 21, 2015
Sold by
Community & Southern Bank
Bought by
Walmark Llc

Purchase Details

Closed on
Sep 28, 2012
Sold by
Community & Southern Bank
Bought by
Bearfoot Investments Llc

Purchase Details

Closed on
Jul 31, 2012
Sold by
Community And Souther Bank
Bought by
Community And Souther Bank

Purchase Details

Closed on
Mar 1, 2011
Sold by
Community & Southern Bank
Bought by
Community & Southern Bank

Purchase Details

Closed on
Dec 31, 2007
Sold by
Legacy Mountain Properties Llc
Bought by
Clear Creek Properties Llc

Purchase Details

Closed on
Apr 2, 2007
Sold by
The Highlands At Cle
Bought by
Legacy Mountain Properties Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Limited Warranty Deed $842,000 --
Warranty Deed $31,500 --
Warranty Deed $900,000 --
Limited Warranty Deed $288,310 --
Warranty Deed $7,000 --
Deed $8,000 --
Foreclosure Deed $95,000 --
Deed -- --
Deed $3,087,400 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $631,500 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2025 08/22/25 Sold $842,000 -1.9% $234 / Sq Ft
07/12/2025 07/12/25 Pending -- -- --
06/28/2025 06/28/25 Price Changed $858,500 -2.4% $238 / Sq Ft
05/23/2025 05/23/25 For Sale $880,000 -- $244 / Sq Ft
Source: Northeast Georgia Board of REALTORS®

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 $983 $284,960 $16,000 $268,960
2023 $1,011 $285,280 $16,320 $268,960
2022 $1,045 $242,400 $13,600 $228,800
2021 $1,147 $189,200 $12,000 $177,200
2020 $1,276 $167,120 $16,640 $150,480
2019 $3,658 $161,520 $16,640 $144,880
2018 $866 $37,760 $16,640 $21,120
2017 $310 $16,640 $16,640 $0
2016 $450 $17,920 $17,920 $0
2015 $370 $15,000 $15,000 $0
2014 $307 $12,000 $12,000 $0
2013 -- $10,800 $10,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Georgia Board of REALTORS®

MLS Number: 415982

Northeast Georgia Board of REALTORS®

APN: 3116E-016