NOT LISTED FOR SALE

5431 Lake Rabun Rd Lakemont, GA 30552

Estimated Value: $1,349,000 - $3,216,685

3 Beds
2 Baths
1,200 Sq Ft
$1,769/Sq Ft Est. Value

Last Sold October 21, 2021

Last sale price $1,168,000 $973 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $12,424/month

37 Days on Market

Highlights

  • Boathouse
  • Marina
  • Access To Lake
  • 235 Feet of Waterfront
  • 2 Boat Docks
  • 6.17 Acre Lot

About This Home

As of October 2021

Serenity awaits you at this 6+ acre fee simple, Lake Rabun waterfront property! Enjoy the existing 2-stall, 2-story boathouse while you plan to build at least one home on the gently sloped, 0.99 lakefront lot with approximately 235' of shoreline! With Rabun County Zoning approval, it's possible that the lot can be sub-divided into two lakefront lots with the potential to build two lakefront homes. There is an additional 5.16 acres located across Lake Rabun Road from the lakefront lot that is well suited for at least one guest house, a garage, workshop or simply for septic and drain field expansion and quiet enjoyment. This property would make an excellent family compound! Bring your creative vision and secure your fee simple property on Lake Rabun. Located approximately 20 minutes from Downtown Clayton and only minutes from Angel Falls hiking trail, the Lake Rabun Hotel & Restaurant, Louie's on the Lake, Terra Incognita Vineyard.

Last Agent to Sell the Property

Sarah Gillespie

Mountain Sotheby's Int'l Realty License #283967 Listed on: 06/29/2021

Last Buyer's Agent

Debra Butler

L.J. Craig Realty LLC License #235298

Property Details

Home Type

  • Modular Prefabricated Home

Est. Annual Taxes

  • $5,537

Year Built

  • Built in 1982

Lot Details

  • 6.17 Acre Lot
  • 235 Feet of Waterfront
  • Lake Front
  • Sloped Lot

Home Design

  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,200 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • Parking Accessed On Kitchen Level
  • Guest Parking
  • Off-Street Parking

Outdoor Features

  • Access To Lake
  • Water Access Is Utility Company Controlled
  • Boathouse
  • 2 Boat Docks
  • Dock Rights
  • Deck
  • Patio
  • Outdoor Water Feature

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Propane
  • Underground Utilities
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

Overview

  • Lake Rabun Subdivision
  • Community Lake

Recreation

  • Marina

Property Details

Home Type

Modular Prefabricated Home

Est. Annual Taxes

$5,537

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1982
  • ArchitecturalStyle: Modular Home
  • Financing Type: Cash
  • Levels: One
  • Lot Size Acres: 6.17
  • Other Sturctures: Boat House
  • Property Sub-Type: Single Family Residence
  • Total Dock Slips: 2
  • Total Finished Area2: 1200
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater, Oven/Range (Combo), Refrigerator
  • Bedrooms: 3
  • Basement: None
  • Total Finished Sq Ft: 1200
  • Above Grade Finished Sq Ft: 1200
  • Interior Amenities: Other, Master On Main Level
  • Feature Name: Lake Rabun
  • Full Bathrooms: 2
  • Price Per Square Foot: 973.333

Beds/Baths

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

Exterior Features

  • Waterfront Frontage: 235
  • Construction Materials: Other
  • ExteriorFeatures: Water Feature
  • Foundation Details: Slab
  • Lot Features: Sloped
  • Patio And Porch Features: Deck, Patio
  • Property Condition: Resale
  • Roof: Composition
  • Waterfront Features: Dock Rights, Lake Access, Utility Company Controlled

Garage/Parking

  • Parking Features: Guest, Kitchen Level, Off Street

Utilities

  • Cooling: Electric, Central Air
  • Heating: Electric, Propane, Central
  • Sewer: Septic Tank
  • Utilities: Underground Utilities
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Lake, Marina

Fee Information

  • Association Fee Includes: None

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

Tax Info

  • Year: 2020
  • Tax Annual Amount: 5537

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2021
Closed on
Oct 20, 2021
Sold by
Lake Four Llc
Bought by
Mcpherson Scott and Ferrera Sandra
Seller's Agent
Sarah Gillespie
Mountain Sotheby's Int'l Realty
Buyer's Agent
Debra Butler
L.J. Craig Realty LLC
List Price
$1,250,000
Sold Price
$1,168,000
Premium/Discount to List
-$82,000
-6.56%
Current Estimated Value
$2,122,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$954,562
Avg. Annual Appreciation
14.21%
Original Mortgage
$934,400
Interest Rate
2.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 26, 2017
Sold by
Schumacher Gary Kent
Bought by
Lake Four Llc

Purchase Details

Closed on
May 1, 1981
Bought by
Schumacher Robert

Purchase Details

Closed on
Jan 1, 1980
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
Mcpherson Scott $1,168,000 --
Mcpherson Scott $1,168,000 --
Lake Four Llc -- --
Lake Four Llc -- --
Schumacher Gary Kent -- --
Schumacher Gary Kent -- --
Schumacher Marilyn June -- --
Schumacher Marilyn June -- --
Schumacher Robert $18,300 --
Schumacher Robert $18,300 --
-- $25,000 --
-- $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcpherson Scott $1,456,410
Closed Mcpherson Scott $934,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2021 10/21/21 Sold $1,168,000 -6.6% $973 / Sq Ft
08/05/2021 08/05/21 Pending -- -- --
06/29/2021 06/29/21 For Sale $1,250,000 -- $1,042 / 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 $11,381 $709,092 $298,127 $410,965
2023 $8,461 $462,290 $283,673 $178,617
2022 $5,562 $303,858 $282,318 $21,540
2021 $5,382 $287,040 $275,278 $11,762
2020 $5,537 $285,472 $275,278 $10,194
2019 $5,576 $285,472 $275,278 $10,194
2018 $5,596 $285,472 $275,278 $10,194
2017 $5,416 $288,108 $275,278 $12,830
2016 $5,431 $288,108 $275,278 $12,830
2015 $5,815 $301,934 $289,766 $12,168
2014 $4,500 $232,424 $220,256 $12,168
Source: Public Records

Agents Affiliated with this Home

  • Sarah Gillespie

    Seller's Agent in 2021

    Sarah Gillespie

    Mountain Sotheby's Int'l Realty

    (404) 735-6157

    23 in this area

    102 Total Sales

    Sarah Gillespie
    Section Image

  • D

    Buyer's Agent in 2021

    Debra Butler

    L.J. Craig Realty LLC

    Section Image
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Map

Source: Georgia MLS

MLS Number: 9005786

Georgia MLS

APN: LR01-136

Georgia Rabun County Lakemont 30552

5431 Lake Rabun Rd, Lakemont, GA

This home is located at 5431 Lake Rabun Rd, Lakemont, GA 30552 since 29 June 2021 and is currently estimated at $2,122,562, approximately $1,768 per square foot. This property was built in 1982. 5431 Lake Rabun Rd is a home located in Rabun County with nearby schools including Rabun County Primary School and Rabun County High School.

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