Sold Price cut: $14,900 (3/3)
$595,000
4 beds · 2 baths
279 Penland Street, Ellijay, GA 30540
About this home
BACT ON THE MARKET, buyer changed mind. Breathtaking Mountain Views – Just One Mile from Town! Nestled on 1.57 acres, this stunning two-level home offers the perfect blend of comfort, convenience, and breathtaking mountain views. A standout feature is the oversized 4-car/RV garage and workshop, which includes a studio apartment, making it an ideal space for guests, in-laws, or…
PoolBasementGarageNo HOARenovated
Listing remarks courtesy of First Suburban Realty Inc. · Sold by First Suburban Realty Inc..
· FMLS #7518669678-372-9020
$4,068/mo est.
with $59,500 down · $595,000 list price*
Buyer services · Veribas Real Estate LLC — not the listing broker unless noted above
Connect with a lender · no credit check*Estimate — 30-yr fixed at 6.75% APR with taxes & insurance. Not a loan offer.
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Home details
4
Beds
2
Baths
1975
Built
1.6 ac
Lot
2-car
Garage
3
Veribas Rental Valuation
If you rented it out · from nearby rentals
$2,800/morange $2,600 – $3,0005.6% gross yield
Based on 3 similar rentals within 10 mi (2 recently leased).
2 bd · 2 ba · 1,300 sqft · 0.6 mi away · leased$3,000/mo3 bd · 3 ba · 4.1 mi away · leased$2,400/mo3 bd · 3 ba · 2,054 sqft · 6.6 mi away$2,500/mo
Automated estimate — actual rent depends on condition, terms, and season. Not a guarantee of rental income.
Payment calculator
$4,242/mo
Principal & interest$3,473
Property taxes$595
Home insurance$174
Down payment$59,500 (10%)
Interest rate6.750%
Estimates only — taxes at 1.2%/yr and insurance at 0.35%/yr of price. Get exact terms from a lender via pre-qualification.
Value & price history
Estimated valueListed for sale
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A Veribas agent walks every showing — questions answered on the spot.
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Schools
Clear Creek - GilmerElementary
Gilmer - OtherMiddle
GilmerHigh
Location
17 for sale 4 pending 12 sold
Listed by
First Suburban Realty Inc. · Sold by First Suburban Realty Inc.
Source: FMLS · #7518669
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© 2026 Veribas Real Estate LLC · (833) 837-4227 · Georgia Broker Lic. H-81905 · Qualifying Broker: Ahsan Charania, GREC #417366. Veribas Real Estate LLC is a licensed Georgia real estate brokerage. We are not a lender or mortgage loan originator; all financing is provided by independent NMLS-licensed lenders, and payment figures on this site are estimates only. Listing information is deemed reliable but not guaranteed and should be independently verified. We are committed to the federal Fair Housing Act and the Equal Credit Opportunity Act.
