We had another great day in
Lake Lanier real estate yesterday, as we closed on a very nice Lake Lanier waterfront lot in
Murrayville, Georgia. This was a great deal for our buyer on a gently sloping lot listed at about .28 acres with a
single-slip dock in place. The original listing date was September 2010, so this lot was on the market for a long time, just like so many other lake lots. Why such a great deal? Well, consider the history. This Lake Lanier lot sold for $160,000 in 2007, and our buyer picked it up as a
short sale yesterday for a very cool $62,900!
Full Listing Report & Photos For 7731 Elm Circle, Murrayville, GA.
This Lake Lanier waterfront lot is located at 7731 Elm Circle in Murrayville. It is a cove lot on the northern end of the
Chestatee River in
Hall County. Now, before you rush to quick judgement about the ease of purchasing a Lake Lanier lot at a steal of a price, consider your financing or your ability to buy without financing. This is one of the main reasons for the pricing. It is still fairly difficult to obtain financing on raw land and lots. Unless you are getting a very short term loan from your bank or building immediately on the lot via a construction loan, you'll probably need to pony up the cash! A
HELOC could be an option as well. Without a doubt, market conditions and sales of Lake Lanier lots are still very much affected by the limitations in available financing for these kinds of properties.
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So with all of that said, now is a great time to buy waterfront lots on Lake Lanier! The deals are there and it is a buyer's market. However, just remember to have your financing ready or cash in hand before you start down the road to buy one of these very nice properties.
View Lake Lanier Lots And Land For Sale!
