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Backup Offers

1520 Bear Gap Rd, Lakemont, GA, 30552

$850,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
1,760 SqFt
$483/SqFt
House

Location

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1520 Bear Gap Rd, Lakemont$850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGuest, Kitchen Level
Year Built1983
HeatingElectric
CoolingCeiling Fan(s), Electric
BasementYes
WaterfrontStream, Creek, Lake Front, Lake Privileges, Seawall
FireplaceBasement, Family Room
ViewLake, Mountain(s)
MLS #10360095
Lot Size6.46 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 1520 Bear Gap Rd

Enjoy the peaceful sounds of running water from this charming and fully furnished Lake Rabun cabin. This exceptional property boasts a recently renovated 3-bedroom, 2.5-bathroom home on over 6 acres, offering a serene and spacious retreat. Upon entering through the front door, you'll enter a cozy living area that transitions into a dining space with partial views of Lake Rabun, a bright and open kitchen with a pantry closet, and a convenient half bath. Expanding the living area, a generous porch accessible from the kitchen and dining space provides additional space for relaxation and enjoyment. You'll find a bright and airy bedroom on the upper level with vaulted ceilings, skylights, and a generously sized ensuite bathroom. The lower level of the home features two guest bedrooms and a shared bath, which opens to an additional deck featuring a swinging daybed, perfect for relaxing and enjoying the mountains! Stone steps lead to the lakefront, which includes a spacious grass lawn ideal for games. The lakefront area is shared with a single neighbor, and a formal agreement with Georgia Power Company is in place. Conveniently located within walking distance to Minnehaha Falls, this property offers a truly peaceful retreat where you can enjoy mountain and lake life!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow/Cottage, Country/Rustic
  • Year Built: 1983
  • Living Area: 1,760 SqFt

Listing Office:

  • Office Name: Ansley RE|Christie's Int'l RE
  • Listing Agent: The Lake Team

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Oven/Range, Refrigerator, Stainless Steel Appliance(s), Washer
  • Basement: Yes
  • Flooring Type: Carpet, Hardwood, Laminate, Tile
  • Interior: Tile Bath, Vaulted Ceiling(s)
  • Fireplace: Basement, Family Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Stream, Creek, Lake Front, Lake Privileges, Seawall
  • View: Lake, Mountain(s)

Parking Information:

  • Attached Garage: No
  • Parking: Guest, Kitchen Level

Lot Features

Lot Information:

  • Lot: Private, Sloped
  • Lot Size: 6.46 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Ceiling Fan(s), Electric

Other

Directions Information:

  • Directions: From Clayton, Hwy 441S to Right at Wiley Connector, Left at Old Hwy 441S, Right at Lake Rabun Road follow to Left at Low Gap Road, Left on Bear Gap Road, Follow 1.5 Miles to Gate "Glencove"

Price Information

Listing Price Info

Price Summary:

  • List Price: $850,000
  • Price Per SqFt: $483/SqFt

Tax Information:

  • Annual Amount: $1,146
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Lakemont, GA.

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Lakemont, GA

City

Med. Sold Price

$2.9M

Med. Price/SqFt

$805

Avg. Days On Market

10

# of Sold Homes

2

1520 Bear Gap Rd vs Lakemont

124 DAYS ON ROCKET

+114 Days

$850,000

-$2.0M Less

$483/SqFt

-$323 Less

KEY TAKEAWAY

This property is $2.0M less than the Median Sold Price and $323/SqFt less than other homes in Lakemont, GA.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Name: Georgia MLS 2
  • MLS Number: #10360095

Listing Office:

  • Office Name: Ansley RE|Christie's Int'l RE
  • Listing Agent: The Lake Team

IDX Based on information from the Georgia MLS © 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/19/2024, 4:20:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 12, 2018Home Sold
$325,100

Tax History

YEARPROP. TAXASSESSMENT
2020$1,146$59,061
2019$1,154$59,061
2018$1,110$59,061
2017$1,110$59,061

History based on county public records data.

Payment Calculator

$4,310

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,615

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-180463
8
/10

  • Woodville Elementary School

  • 911 Historic Old Highway 441

  • 6.51 miles

  • Public District Grades PK-5

school-card-donut-180464
6
/10

  • Rabun County Elementary School

  • 1115 E Boggs Mountain Rd

  • 6.83 miles

  • Public District Grades 3-6

school-card-donut-180465
6
/10

  • Clarkesville Elementary School

  • 6539 Highway 115

  • 9.73 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $62,745. The majority of Lakemont, GA residents have income between $35k-100k annually. The most common type of family is married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1520 Bear Gap Rd

What is the listing price of this property?

The listing price of 1520 Bear Gap Rd property is $850,000.

What type of property is this?

The property 1520 Bear Gap Rd is a house located in Lakemont, Georgia, 30552.

Is this property for sale now?

Accepting Backup Offers: 1520 Bear Gap Rd is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,146 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 12, 2018 for $325,100. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1520 Bear Gap Rd has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 1520 Bear Gap Rd is 1,760 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1520 Bear Gap Rd is 1983.

Rocket Homes›Georgia›Rabun County›Lakemont›30552›1520 Bear Gap Rd

This home is located at 1520 Bear Gap Rd in Lakemont, GA and zip code 30552. This 1,760 square foot home, which was built in 1983, sits on a 6.46 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 16, 2024 and is currently priced at $850,000.

In November 2024, from all listings sold in Lakemont, GA there were more than 1 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price. Between October 2024 and November 2024, Lakemont, GA real estate market has seen increase in the number of listings by 3.8%. While the average time on the market in November 2024 was 10 days, the median list price was $2,940,000.

From Rocket Homes Real Estate and based on county public records data.

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