$324,000
SOLD APR 14, 2025

523 Rainbow Creek Rd Clayton, GA 30525

3 Beds
2 Baths
1,170 Sq Ft
2.12 Acres

Recently Sold

$277 Per Sq Ft

2% Below List Price

3 Days on Market

Highlights

  • Waterfall on Lot
  • Mountain View
  • Private Lot
  • 2.12 Acre Lot
  • Wood Burning Stove
  • Wood Flooring

About This Home

As of April 2025

Tucked away in the heart of nature, this rustic cabin is a one-of-a-kind getaway that blends classic cabin charm with a dash of personality. Whether you're an outdoor enthusiast or someone who just loves a retreat with character, this property is packed with potential. Ideally located close to town featuring 2.2 private acres on Rainbow Creek, where the soothing sounds of flowing water create a tranquil atmosphere. Own a piece of the great outdoors with a cabin that stands out from the rest. If you are looking for a place to unwind and let it all go, then you need to see this property.

Last Agent to Sell the Property

Barry Laughon

Compass License #169198 Listed on: 03/15/2025

Compass

Last Buyer's Agent

Sarah Gillespie

Mountain Sotheby's Int'l Realty License #283967

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,178

Year Built

  • Built in 2000

Lot Details

  • 2.12 Acre Lot
  • Home fronts a stream
  • Private Lot
  • Sloped Lot

HOA Fees

  • $40 Monthly HOA Fees

Parking

  • Parking Pad

Home Design

  • Country Style Home
  • Cabin
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,170 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • 1 Fireplace
  • Wood Burning Stove
  • Great Room
  • Mountain Views

Kitchen

  • Oven or Range
  • Cooktop
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main

Laundry

  • Laundry in Hall
  • Dryer
  • Washer

Outdoor Features

  • Waterfall on Lot

Schools

  • Rabun County Primary/Elementar Elementary School
  • Rabun County Middle School
  • Rabun County High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Well
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • Association fees include private roads
  • Round Top Subdivision

Listing and Financial Details

  • Tax Lot 7

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,178

Year Built

Built in 2000

Lot Details

0

HOA Fees

$40 per month

Listing Details

  • Property Type: Residential
  • District: 1
  • Year Built: 2000
  • ArchitecturalStyle: Country/Rustic
  • Financing Type: Cash
  • Levels: Two
  • Lot Size Acres: 2.12
  • Property Sub-Type: Single Family Residence
  • Structure Type: Cabin
  • Total Finished Area2: 1170
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Cooktop, Dishwasher, Dryer, Electric Water Heater, Oven/Range (Combo), Refrigerator, Washer
  • Bedrooms: 3
  • Basement: None
  • Total Finished Sq Ft: 1170
  • Above Grade Finished Sq Ft: 1170
  • Interior Amenities: High Ceilings, Master On Main Level
  • Full Bathrooms: 2
  • Fireplace Features: Wood Burning Stove
  • Flooring: Hardwood, Tile
  • Price Per Square Foot: 276.923

Beds/Baths

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

Exterior Features

  • Construction Materials: Wood Siding
  • Lot Features: Private, Sloped, Waterfall
  • Property Condition: Resale
  • Roof: Metal
  • View: Mountain(s)

Garage/Parking

  • Parking Features: Parking Pad

Utilities

  • Cooling: Central Air, Heat Pump
  • Heating: Electric, Forced Air, Heat Pump
  • Laundry Features: In Hall
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, High Speed Internet, Phone Available, Water Available
  • Water Source: Public, Well

Condo/Co-op/Association

  • Annual Association Fee: 480
  • Association: Yes
  • Community Features: None

Fee Information

  • Association Fee Includes: Private Roads

Schools

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

Lot Info

  • Land Lot: 54
  • Lot: 7
  • Plat Book: G49 - 368

Multi Family

  • Total Fireplaces: 1

Tax Info

  • Year: 23
  • Tax Annual Amount: 1177.92

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2025
Closed on
Apr 14, 2025
Sold by
Abboud Marwan B
Bought by
Scott Family Real Estate Llc
Seller's Agent
Barry Laughon
Compass
Buyer's Agent
Sarah Gillespie
Mountain Sotheby's Int'l Realty
List Price
$329,000
Sold Price
$324,000
Premium/Discount to List
-$5,000
-1.52%
Views
27
Current Estimated Value
$332,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,164
Avg. Annual Appreciation
5.56%
Original Mortgage
$224,000
Outstanding Balance
$221,732
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$110,432

Purchase Details

Closed on
Aug 4, 2021
Sold by
Abboud Marwan
Bought by
Abboud Marwan B and Marwan B Abboud Liv Tr

Purchase Details

Closed on
Aug 1, 2002
Bought by
Abboud Marwan

Purchase Details

Closed on
Aug 1, 1989
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 Type Sale Price Title Company
Limited Warranty Deed $324,000 --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed $105,000 --
Warranty Deed $105,000 --
Warranty Deed $11,500 --
Warranty Deed $11,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $224,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2025 04/14/25 Sold $324,000 -1.5% $277 / Sq Ft
03/15/2025 03/15/25 For Sale $329,000 -- $281 / 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 $1,140 $71,046 $20,000 $51,046
2023 $1,223 $66,798 $20,000 $46,798
2022 $1,062 $58,038 $16,000 $42,038
2021 $992 $52,886 $16,000 $36,886
2020 $993 $51,215 $16,000 $35,215
2019 $1,000 $51,215 $16,000 $35,215
2018 $1,004 $51,215 $16,000 $35,215
2017 $963 $51,215 $16,000 $35,215
2016 $928 $49,244 $16,000 $33,244
2015 $948 $49,244 $16,000 $33,244
2014 $953 $49,244 $16,000 $33,244
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 10479535

Georgia MLS

APN: 031C-010