NOT LISTED FOR SALE

989 Mathis Dam Rd Lakemont, GA 30552

Estimated Value: $365,000 - $8,184,000

5 Beds
6 Baths
3,724 Sq Ft
$1,148/Sq Ft Est. Value

Last Sold September 09, 2015

Last sale price $2,480,000 $666 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $24,089/month

1,259 Days on Market

Highlights

  • Boathouse includes two slips
  • Lake On Lot
  • Recreation Room
  • Rabun County High School Rated 9+
  • Community Lake
  • Great Room

About This Home

As of September 2015

NEW PRICE. Spectacular Bear Lodge on Lake Rabun. With almost a six acre lot and 450' of shoreline, this home has privacy, seclusion, and accessibility to Atlanta and Clayton. Massive windows in the great room showcase the brilliant lake and mountain views. Chef's kitchen with all the high end appliances provides a pivotal place for entertaining . Stone stacked fireplaces are located in the great room and screen porches. Master suite is on the main level. Terrace level has second living area, game/billard room, bunk room, and plenty of storage areas. Two stall covered boathouse is a few steps away. The highest quality building materials and handicraft is evident throughout. This is a must see! Owner will consider financing to qualified Buyers.

Last Agent to Sell the Property

Michael McGaughey

Ansley RE | Christie's Int'l RE License #251201 Listed on: 02/23/2012

Ansley RE | Christie's Int'l RE

Last Buyer's Agent

Michael McGaughey

Ansley RE | Christie's Int'l RE License #251201 Listed on: 02/23/2012

Ansley RE | Christie's Int'l RE

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $1,127

Year Built

  • 2002

Lot Details

  • 6

Home Design

  • Slab Foundation
  • Ceiling Insulation
  • Floor Insulation
  • Roof Vent Fans

Interior Spaces

  • Double Pane Windows
  • Great Room
  • Family Room
  • L-Shaped Dining Room
  • Den
  • Library
  • Recreation Room
  • Loft
  • Bonus Room
  • Home Gym

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Home Security

  • Alarm System
  • Fire and Smoke Detector

Outdoor Features

  • Boathouse includes two slips
  • Lake On Lot

Utilities

  • Well
  • Electric Water Heater
  • Water Softener
  • Septic Tank
  • Satellite Dish

Community Details

  • Community Lake

Listing and Financial Details

  • Tax Lot 14

Property Details

Home Type

Other

Est. Annual Taxes

$1,127

Year Built

2002

Lot Details

0

Listing Details

  • District: 5
  • Property Setting: Lake
  • Special Features: None
  • Year Built: 2002

Interior Features

  • Fireplaces: 5
  • Fireplace(s): 5, In Basement, In Great/Family Room, Gas Starter, Masonry
  • Lower Level Bedroom: 2
  • Main Floor Bedrooms: 1
  • Lower Level Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Lower Level Half Bathrooms: 1
  • Main Level Half Bathrooms: 1
  • Basement: Daylight, Inside Entrance, Outside Entrance, Finished Rooms, Full, Slab/None
  • Equipment: Burglar Alarm, Smoke/Fire Alarm, Dryer, Satellite Dish, Washer, Water Softener
  • Kitchen Equipment: Dishwasher, Garbage Disposal, Icemaker Line, Built-In Microwave, Range/Oven, Refrigerator, Trash Compactor, Double Oven
  • Feature Name: Lake Rabun
  • Interior Amenities: Bookcases, Cable TV Connections, Trey Ceilings, Vaulted Ceilings, Ceilings 9 Ft Plus, Entrance Foyer, 2 Story Foyer, Hardwood Floors, Gas Logs, Skylight, Wet Bar
  • Laundry Location: Basement
  • Laundry Type: Room
  • Below Grade Finished Sq Ft: 2790
  • Kitchen / Breakfast: Breakfast Area, Breakfast Bar, Country Kitchen, Island, Keeping Room, Pantry, Solid Surface Counters, Walk-in Pantry
  • Above Grade Finished Sq Ft: 3724

Exterior Features

  • Roof: Metal/Steel
  • Exterior Features: Balcony, Deck/Patio, Garden Area, Gas Grill, Out Building, Screen Porch, Sprinkler System
  • Boathouse/Dock: Boathouse - 2 Slip
  • Construction: Wood Siding
  • Waterfront Type: Water View, Waterfront

Garage/Parking

  • Parking: 3 Car Or More, Carport, Kitchen Level Entry, Parking Pad, Side/Rear Entrance

Utilities

  • Cooling Fuel: Electric
  • Cooling: Ceiling Fan, Central, Zoned/Dual
  • Heating Fuel: Electric
  • Heating: Central, Heat Pump, Zoned/Dual
  • Energy Features: Double Pane/Thermo, Ceiling Insulation, Floor Insulation, Roof Vent Fans, Electric Water Heater
  • Water/Sewer: Septic Tank, Well

Association/Amenities

  • Amenities: Lake

Schools

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

Lot Info

  • Lot Description: Private Backyard, Sloping, Wooded
  • Lot Size: 5-10 Acres
  • Land Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2012
Closed on
Sep 9, 2015
Sold by
Pittard Patrick S
Bought by
Cooper Lance A and Cooper Sonja P
Seller's Agent
Michael McGaughey
Ansley RE | Christie's Int'l RE
Buyer's Agent
Michael McGaughey
Ansley RE | Christie's Int'l RE
List Price
$2,900,000
Sold Price
$2,480,000
Premium/Discount to List
-$420,000
-14.48%
Total Days on Market
1259
Current Estimated Value
$4,274,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,794,500
Avg. Annual Appreciation
5.60%

Purchase Details

Closed on
Aug 1, 1998
Bought by
Pittard Patrick S

Purchase Details

Closed on
May 1, 1991
Source: Public Records

Range of Values:

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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
Cooper Lance A $2,480,000 --
Cooper Lance A $2,480,000 --
Pittard Patrick S -- --
Pittard Patrick S -- --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pittard Patrick S $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2015 09/09/15 Sold $2,480,000 -14.5% $666 / Sq Ft
08/05/2015 08/05/15 Pending -- -- --
07/01/2015 07/01/15 For Sale $2,900,000 +16.9% $779 / Sq Ft
07/01/2015 07/01/15 Off Market $2,480,000 -- --
06/01/2015 06/01/15 Price Changed $2,900,000 -6.5% $779 / Sq Ft
06/26/2014 06/26/14 Price Changed $3,100,000 -17.3% $832 / Sq Ft
02/24/2014 02/24/14 Price Changed $3,750,000 0.0% $1,007 / Sq Ft
02/24/2014 02/24/14 For Sale $3,750,000 +51.2% $1,007 / Sq Ft
02/24/2014 02/24/14 Off Market $2,480,000 -- --
03/01/2013 03/01/13 Price Changed $4,100,000 -10.9% $1,101 / Sq Ft
02/23/2012 02/23/12 For Sale $4,600,000 -- $1,235 / 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 $1,127 $70,246 $0 $70,246
2023 $1,125 $61,466 $0 $61,466
2022 $10,604 $579,374 $0 $579,374
2021 $9,871 $526,432 $0 $526,432
2020 $9,918 $511,325 $0 $511,325
2019 $9,988 $511,325 $0 $511,325
2018 $9,938 $506,934 $0 $506,934
2017 $9,530 $506,934 $0 $506,934
2016 $7,966 $422,592 $0 $422,592
2015 $8,597 $446,431 $0 $446,431
2014 $8,643 $446,431 $0 $446,431
Source: Public Records

Agents Affiliated with this Home

  • Michael McGaughey

    Seller's Agent in 2015

    Michael McGaughey

    Ansley RE | Christie's Int'l RE

    (404) 606-3988

    1 Total Sale

    Michael McGaughey
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Map

Source: Georgia MLS

MLS Number: 03191481

Georgia MLS

APN: LR05-066-L

Georgia Rabun County Lakemont 30552

989 Mathis Dam Rd, Lakemont, GA

This home is located at 989 Mathis Dam Rd, Lakemont, GA 30552 since 23 February 2012 and is currently estimated at $4,274,500, approximately $1,147 per square foot. This property was built in 2002. 989 Mathis Dam 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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