3 months on rocket

556 Cherry Lake Dr, Blue Ridge, GA, 30513

$425,000

Home List Price

$5,047*

Closing Credit

3 Bedrooms
3 Full Baths, 1 Partial
1,696 SqFt
$251/SqFt
House

Location

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556 Cherry Lake Dr, Blue Ridge$425,000

Buyer Closing Credits

$5,047*

1.25% Loan Amount

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Property Highlights

ParkingOff Street
Year Built1994
HeatingCentral
CoolingCentral Air, Electric
BasementYes
ViewMountain(s), Seasonal View
MLS #10366553
Lot Size1.10 Acres
StatusActive

About 556 Cherry Lake Dr

This exceptional 3-bedroom, 2-bathroom short term rental in the sought-after Cherry Lake community presents a lucrative investment opportunity. Situated against the breathtaking backdrop of the Blue Ridge Mountains, this property boasts a consistent rental history, making it a valuable addition to any investor's portfolio. The home's design maximizes its natural surroundings, with expansive windows framing panoramic views and an outdoor deck that beckons relaxation and enjoyment. Inside, the main level exudes charm with 2 bedrooms, 1 bath, and a spacious great room featuring cathedral ceilings that blend rustic wood and contemporary drywall seamlessly. For added privacy and versatility, the finished basement offers an additional bedroom and full bath, catering to guests or older children. Fully furnished and complete with a separate workshop/storage shed, this property caters to tenants seeking both comfort and outdoor recreation. Conveniently located with easy access to paved roads and high-speed internet, this investment property merges the tranquility of nature with modern amenities. Don't miss out on this opportunity to capitalize on a consistently rented, high-demand rental in Cherry Lake - a great choice for the discerning investor.

Property Details

Property Features

Property Information:

  • Architectural Style: Country/Rustic
  • Year Built: 1994
  • Living Area: 1,696 SqFt

Listing Office:

  • Office Name: Engel & V?lkers North GA Mountains
  • Listing Agent: Heather Foresman

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Hardwood
  • Interior: High Ceilings

Bedroom and Bathroom Information:

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

Exterior Features

Exterior Information:

  • View: Mountain(s), Seasonal View

Parking Information:

  • Attached Garage: No
  • Parking: Off Street

Lot Features

Lot Information:

  • Lot: Level, Sloped
  • Lot Size: 1.10 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: From Hwy 515 S in Cherry Log turn Right on Joanne Sisson Road entrance to Cherry Log Mountain follow thru covered bridge staying Left at Stop, continue to Cherry Lake/Granny Branch sign. Turn Right on Cherry Lake Dr., cabin is .5 miles on Left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $425,000
  • Price Per SqFt: $251/SqFt

Tax Information:

  • Annual Amount: $1,681
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Blue Ridge, GA.

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Blue Ridge, GA

City

Med. Sold Price

$625K

Med. Price/SqFt

$319

Avg. Days On Market

66

# of Sold Homes

23

556 Cherry Lake Dr vs Blue Ridge

111 DAYS ON ROCKET

+45 Days

$425,000

-$200K Less

$251/SqFt

-$68 Less

KEY TAKEAWAY

This property is $200K less than the Median Sold Price and $68/SqFt less than other homes in Blue Ridge, GA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Georgia MLS 2
  • MLS Number: #10366553

Listing Office:

  • Office Name: Engel & V?lkers North GA Mountains
  • Listing Agent: Heather Foresman

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: 12/18/2024, 7:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,681$66,000
2019$1,452$68,180
2018$1,544$68,180
2017$1,515$61,572

History based on county public records data.

Payment Calculator

$2,189

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,341

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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-4443685
4
/10

  • Blue Ridge Elementary School

  • 224 E Highland St

  • 4.62 miles

  • Public District Grades PK-5

school-card-donut-4443686
4
/10

  • West Fannin Elementary School

  • 5060 Blue Ridge Dr

  • 7.53 miles

  • Public District Grades KG-5

school-card-donut-4443687
4
/10

  • East Fannin Elementary School

  • 1 Elementary Cir

  • 8.57 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,083. The majority of Blue Ridge, GA residents have income between $35k-100k annually. The most common type of family is married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 556 Cherry Lake Dr

What is the listing price of this property?

The listing price of 556 Cherry Lake Dr property is $425,000.

What type of property is this?

The property 556 Cherry Lake Dr is a house located in Blue Ridge, Georgia, 30513.

Is this property for sale now?

Active Listing: 556 Cherry Lake Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,681 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 556 Cherry Lake Dr has 3 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 556 Cherry Lake Dr is 1,696 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 556 Cherry Lake Dr is 1994.

Rocket Homes›Georgia›Fannin County›Blue Ridge›30513›556 Cherry Lake Dr

This home is located at 556 Cherry Lake Dr in Blue Ridge, GA and zip code 30513. This 1,696 square foot home, which was built in 1994, sits on a 1.10 acre lot. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 28, 2024 and is currently priced at $425,000.

Over 1 listings were sold over their listed price in November 2024 in Blue Ridge, GA. In the same period over 18 listings were sold below the listed price and 1 listings were sold for the listed price. Between October 2024 and November 2024, Blue Ridge, GA real estate market has seen increase in the number of listings by 7.7%. The median list price of listings available in November 2024 was $625,000, while the average time on the real estate market was 66 days.

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

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