Developed by:

N. GA Premier Home Builders

River Forest

River Forest • River Forest is a 21 unit cabin community that is situated on 12

acres featuring 600 feet of exclusive Toccoa River frontage.  This project is the most affordable opportunity available for second home buyers in the area.  In addition to being reasonably priced for your standard cabin in the woods,  the closest competitor on the river is priced over $150,000 above our riverfront cabins.  There are currently 6 of the 21 units complete with 4 individual owners.  These owners utilize the great rental area and use their units when available.  River forest is in close proximity to Coopers Creek Wildlife Management Area, Chattahoochee National Forest, Rock Creek Fish Hatchery, and the Deep Hole.  This is an outdoor enthusiast and adventure seekers dream development. Maintanance free living is the main selling point to attract potential buyers.  For a small monthly homeowners fee, all exterior features, water, sewer, and grounds area taken care of.   This encourages the activity of retirees to the development. 

Main

Upper Lower

Duplex Plans

Duplex Elevation

main

Triplex Plans

upper

Triplex Plans

Triplex Elevation

Triplex Elevation

Features – Site•Underground Utilities•Community Water and Sewer•Protective Covenants•Water Features in Common Area•Professional Landscaping•Outdoor Riverside Kitchen•Golf Cart Trail to River•Fire Pits / Picnic Tables / Park Grills•One – Year Warranty on all Materials and

Labor

Features - Exterior

•Steel Reinforced Slab•Log Siding•25 yr Metal Roof•Vinyl Windows•Covered Parking•Covered Entry•Exterior Lighting•Professionally Landscaped•Soil Treatment

Features - Interior

•Hardwood Floors▫Living Area / Kitchen / Dining / ½ bath

•Carpet▫2nd Floor / Master Bedroom and Bath

•Vaulted Ceilings•Tongue and Groove Walls•Wired for Telephone / Satelitte•HVAC

Features - Kitchen

•Hardwood Floors•Raised, Pine Panel Cabinets•Pantry•Refrigerator•Dishwasher•Oven / Range•Double Bowl Stainless Steel Sink

Features - Bath

•Elongated Water Closets•Vanity Mirrors•Country-Style Vanity Cabinets•Vanity Top w/ Drop Bowls•Decorative Vanity Lighting•Fiberglass Shower / Tub

Features - Electrical

•Smoke Detectors with Alarm•High-Efficiency Air Conditioner

▫Heat Strips / Programmable Thermostat•Two Exterior GFI Outlets•Ambient Lighting in Kitchen and Living

Areas

Features - Plumbing

•PVC water / waste lines•Forty Gallon Hot Water Heater

▫High Efficiency / Quick Recovery•Two Exterior Hose Bibs

Features – Upgrades

•Appliances▫Kitchen apps / Washer / Dryer / Trash

Compactor•Floors•Carpets•Cabinets•Security Systems•Sun Room•Fireplace

Duplexes

•2 Beds / 2.5 Baths

•W/ a Loft

•Full Unfinished Basement

•26 ft X 32ft

•Optional Sunroom / Formal Dining Room

Triplexes

•2 Beds / 2.5 Baths

•W/ a Loft

•26ft X 32ft

•Optional Sunroom / Formal Dining Room

Projected Costs per Unit

• Concrete Slab - $3500•Basement (if applicable) - $6500•Waterproofing (if applicable) - $450•Plumbing - $5900•Electrical - $6000•HVAC - $4500•Insulation - $1500•Roof - $7000•Stain Interior / Exterior - $7000

Projected Costs (continued)

•Siding / Framing Materials - $14000•Finish Materials - $10000•Cabinets - $4000•Countertops - $1000•Fireplace- $2500•Flooring labor / Materials - $4500•Landscaping - $3000•Labor - $20000•General Contractor - $12500

Duplex Cost / Profit per Unit

•Cost to construct - $114,000•Lot Price per Unit - $60,000•Total Cost per Unit - $174,000•Average Sales Price - $225,000•Potential Profit - $51,000

•Total Profit from Duplexes - $612,000

Triplex Cost / Profit per Unit

•Cost to construct - $107,000•Lot Price per Unit - $60,000•Total Cost per Unit - $167,000•Average Sales Price - $225,000•Potential Profit per Unit - $70,000

•Total Profit from Triplex- $174,000

Estimated Potential Profit• Sales:

▫Duplex - $2,700,000▫Triplex - $675,000▫Existing Units - $450,000

Total - $3,825,000• Cost:

▫Acquisition - $900,000▫Duplexes - $1,370,000▫Triplex - $107,000

Total – $2,377,000

• Total Potential Profit - $1,448,000

Improvements•21 septic tanks installed and approved by

Fannin County Health Dept.•2 DNR approved wells w/ reservoir in place•6 duplex foundations graded•All site plans and engineering complete•1 water feature of 12,000 gallons complete•1 water feature of 27,000 gallons in progress•600 feet of cascading water falls•4 River side fire pits•Canoe Launch

Averages / Ranges (since June 1, 2007)•Average Sold Property Price

▫$445,800•Range for Sold Property Prices

▫$213,500 - $847,000

•Average Current Property Price▫$491,900

•Range for Current Property Prices▫$199,900 – $1,575,000