NOT LISTED FOR SALE

547 Western Way Rabun Gap, GA 30568

Estimated Value: $198,000 - $314,000

2 Beds
2 Baths
1,200 Sq Ft
$218/Sq Ft Est. Value

Last Sold August 11, 2014

Last sale price $65,867 $55 Per Sq Ft

Est. 296% increase in value since last sale

Current estimated payment $1,529/month

123 Days on Market

Highlights

  • Community Lake
  • Rabun County High School Rated 9+
  • Combination Dining and Living Room

About This Home

As of August 2014

UP...UP... UP... the mountain to this cabin with the views. Great 2/2 with pretty wood floors. Great wraparound porch to enjoy the sounds of the waterfalls. This is a Fannie Mae HomePath property. Purchase this property for as little as 5 % down! This property is approved for HomePath Mortgage Financing. This property is approved for HomePath Renovation Mortgage Financing.

Last Listed By

Kelly Ausburn

Century 21 Community Realty License #214540 Listed on: 01/18/2014

Century 21 Community Realty

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $895

Year Built

  • 1983

Lot Details

  • 1.59

Home Design

  • Ceiling Insulation
  • Floor Insulation

Interior Spaces

  • 1,200 Sq Ft Home
  • Combination Dining and Living Room
  • Crawl Space

Schools

  • Rabun County / Rabun / Rabun County Elementary And Middle School
  • Rabun County / Rabun / Rabun County High School

Utilities

  • Septic Tank

Community Details

  • Property has a Home Owners Association
  • Community Lake

Property Details

Home Type

Other

Est. Annual Taxes

$895

Year Built

1983

Lot Details

0

Listing Details

  • Special Features: None
  • Year Built: 1983

Interior Features

  • Basement: Crawlspace
  • Interior Amenities: Exposed Beams
  • Total Finished Sq Ft: 1200

Exterior Features

  • Construction: Log
  • Exterior Features: Garden Area, Porch, Workshop

Garage/Parking

  • Parking: 3 Car Or More, Kitchen Level Entry

Utilities

  • Cooling Fuel: Electric
  • Cooling: Central, Heat Pump
  • Heating Fuel: Electric
  • Heating: Central, Heat Pump
  • Energy Features: Ceiling Insulation, Floor Insulation
  • Water/Sewer: Septic Tank

Condo/Co-op/Association

  • HOA Fees: 750
  • HOA Fee Frequency: Annual
  • Fees Include: Water

Association/Amenities

  • Amenities: Lake, Neighborhood Association

Schools

  • Elementary School: Rabun County / Rabun / Rabun County, GA
  • Elementary Bus Line: Yes
  • High School: Rabun County / Rabun / Rabun County, GA
  • High School Bus: Yes
  • Middle School: Rabun County / Rabun / Rabun County, GA
  • Middle School Bus: Yes

Lot Info

  • Lot Description: Mountain View, Private Backyard, Wooded
  • Lot Size: 1/2 - 1 Acre

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2014
Closed on
Aug 11, 2014
Sold by
Federal National Mortgage Association
Bought by
Lilly Michael and Leach Susan
Seller's Agent
Kelly Ausburn
Century 21 Community Realty
Buyer's Agent
Zachary Garvey
Keller Williams Lanier Partner
List Price
$114,900
Sold Price
$65,867
Premium/Discount to List
-$49,033
-42.67%
Total Days on Market
123
Current Estimated Value
$261,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,161
Avg. Annual Appreciation
15.55%
Original Mortgage
$52,675
Outstanding Balance
$20,043
Interest Rate
4.19%
Mortgage Type
New Conventional
Estimated Equity
$290,423

Purchase Details

Closed on
Jan 7, 2014
Sold by
Phh Mtg Corp
Bought by
Federal National Mtg Associati

Purchase Details

Closed on
Nov 18, 2005
Sold by
Weinrich Arthur
Bought by
Nyholm Lawrence and Nyholm Kathy

Purchase Details

Closed on
Jul 1, 2001

Purchase Details

Closed on
Sep 1, 1976

Purchase Details

Closed on
May 1, 1975

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
Lilly Michael $65,867 --
Lilly Michael $65,867 --
Federal National Mtg Associati $125,353 --
Federal National Mtg Associati $125,353 --
Phh Mtg Corp $125,353 --
Phh Mtg Corp $125,353 --
Nyholm Lawrence $130,000 --
Nyholm Lawrence $130,000 --
-- $92,500 --
-- $92,500 --
-- $5,000 --
-- $5,000 --
-- $8,000 --
-- $8,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lilly Michael $52,675
Closed Lilly Michael $52,675
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2014 08/11/14 Sold $65,867 -20.2% $55 / Sq Ft
05/21/2014 05/21/14 Pending -- -- --
05/02/2014 05/02/14 Price Changed $82,500 -6.1% $69 / Sq Ft
04/11/2014 04/11/14 Price Changed $87,900 -5.0% $73 / Sq Ft
03/25/2014 03/25/14 Price Changed $92,500 -7.4% $77 / Sq Ft
03/04/2014 03/04/14 Price Changed $99,900 -7.1% $83 / Sq Ft
02/19/2014 02/19/14 Price Changed $107,500 -6.4% $90 / Sq Ft
01/18/2014 01/18/14 For Sale $114,900 -- $96 / 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 $895 $55,790 $12,000 $43,790
2023 $905 $49,446 $12,000 $37,446
2022 $844 $46,108 $10,000 $36,108
2021 $784 $41,830 $10,000 $31,830
2020 $741 $38,194 $10,000 $28,194
2019 $592 $30,300 $10,000 $20,300
2018 $594 $30,300 $10,000 $20,300
2017 $570 $30,300 $10,000 $20,300
2016 $571 $30,300 $10,000 $20,300
2015 $507 $28,878 $10,000 $18,878
2014 $810 $41,840 $13,000 $28,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 07208424

Georgia MLS

APN: 041A-018