Sold
$1,999,999
6 beds · 6 baths · 6,877 sqft
185 Sourwood Cove Lane, Morganton, GA 30560
Overpriced
Priced about $608,948 (44%) above comparable homes. Estimated market value $1,391,051, based on 62 comparable homes in the metro.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
Spectacular lakefront lodge on a private peninsula acre adjacent to US forest. 3 master suites on main make home ideal for multi-family purchase. Full, finished massive basement w/ walls of windows to take in view. Could accommodate pool table + ping pong + air hockey, living set & more; basement bedm will house 5 sets bunks! Short/flat walk to lake! Awe-inspiring great room…
PoolBasementNo HOAWaterfront
Listing remarks courtesy of Atlanta Fine Homes Sothebys International · Sold by Sharp Real Estate Services, LLC..
· FMLS #6522227$13,675/mo est.
with $200,000 down · $1,999,999 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
6
Beds
6
Baths
6,877
Sqft
1997
Built
1.1 ac
Lot
2
Veribas Rental Valuation
If you rented it out · from nearby rentals
$8,800/morange $8,175 – $9,4255.3% gross yield
Based on 7 similar rentals within 10 mi.
8 bd · 12 ba · 11,000 sqft · 0.3 mi away$20,000/mo4 bd · 3 ba · 2,400 sqft · 1.4 mi away$2,500/mo3 bd · 2 ba · 4.8 mi away$4,200/mo5 bd · 4 ba · 2,340 sqft · 8.2 mi away$2,995/mo
Automated estimate — actual rent depends on condition, terms, and season. Not a guarantee of rental income.
Home facts
Payment calculator
$14,258/mo
Principal & interest$11,675
Property taxes$2,000
Home insurance$583
Down payment$200,000 (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
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Schools
Fannin - OtherElementary
Fannin - OtherMiddle
Fannin - OtherHigh
Location
8 for sale 1 pending 10 sold
Listed by
Atlanta Fine Homes Sothebys International · Sold by Sharp Real Estate Services, LLC.
Source: FMLS · #6522227
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