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Fannin 30560
417 Misty Mountain Trail
$1,400,000
● House - Off Market

417 Misty Mountain Trail

Morganton, GA 30560
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,680 Ft²
$7,570
Est. Monthly
1.37%
Cap Rate

About This Property

Perfectly nestled on a knoll in a thicket of Laurel and rhododendron, as if a treehouse, this lovely Lake Blue Ridge cabin boasts a welcoming screened porch with a wood-burning fireplace overlooking the lake. Lakeside, you will appreciate the year -round water at the large dock with sundeck, where swimming is sure to be a treat. Land ownership extends to the waters edge, which is rare on Lake Blue Ridge. The land across from the dock is USFS property and cannot be built on, providing continued privacy. In addition, the view from the living room is quite spectacular!
Unit Size
1,680 Ft²
Days on Market
94 days
Land Size
0.36 acres
Price per sqft
$863
Property Type
House
Property Taxes
$450
HOA Dues
-
Year Built
1966

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (GAMLS #10491808)

Price History

Date / Event Date Event Price
Jun 30, 2025 Sold
Premium
Sold
Jun 11, 2025 In contract -
In contract
Apr 25, 2025 Price Decreased $1,450,000
↓ $49K (3.3%)
Price Decreased
Mar 28, 2025 Listed $1,499,000
Listed
Jun 7, 2023 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 2006
  • Building Count: 3
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 9
  • Interior Walls Type: 10
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,682
  • Total Building Area: 1,680
  • Building Area: 1,680
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,680
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: POINT ELIZABETH
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: R3
  • Legal Description 1: 7-1 LL74 LT15 DB 1147-388 0.36 AC

Neighborhood

  • School District Name: Fannin County School District
  • School Tax School District: COUNTY
  • Census Tract: 050500

Zoning

  • Zoning: RESIDENTIA

Geography

  • Account Number: 5900
  • District: 7
  • Parcel: 0033 A 013
  • Lot: 74
  • Municipality: COUNTY
  • Latitude: 34.8221
  • Longitude: -84.239

    Address

  • Full Address: 417 Misty Mountain Trl
  • Address - House Number: 417
  • Address - Street Name: Misty Mountain
  • Address - Suffix Type: Trl
  • State: GA
  • City Name: Morganton
  • Zip Code: 30560

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $747,652
  • Tax Rate Code Area: 01

    Appraisal Valuation

  • Standard Deviation: 0.2509
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 64
  • Final Value: 1,346,270
  • High Value: 1,684,142
  • Low Value: 1,008,397

    Market Valuation

  • Market Total Value: $1,324,359
  • Market Land Value: $660,800
  • Market Improvement Value: $663,559

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $529,744
  • Assessed Land Value: $264,320
  • Assessed Improvements Value: $265,424

    Sales

  • Current Sale Contract Date: Jun 02, 2023
  • Current Sale Recording Date: Jun 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023-001440
  • Previous Sale Recording Date: Aug 23, 2012
  • Previous Sale Contract Date: Aug 23, 2012
  • Previous Sale Amount: $406,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Fannin

Stats & Trends

Median Asking:

$675,000

Sale Price/ft²

$314

Below Asking

0.04%

Average Days on Market

115

Average Home Size

2411 ft²

Average Home Age

21.7 years

Currently For Sale

548 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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GAMLS

Listed by: Paige Peugh,
Last Updated: 2 years ago
Data Source: GAMLS, MLS# 10491808
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 417 Misty Mountain Trail built and last sold?
The property at 417 Misty Mountain Trail was built in 1966 and last sold on Jun 2, 2023 for $1,299,000.
How much is this home worth?
The estimated value of the home located at 417 Misty Mountain Trail is $0.
What are some comparable homes to 417 Misty Mountain Trail?
There are currently no comparable homes to 417 Misty Mountain Trail.
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