$75,000
↓ $4K (5.1%)
●
Land -
For Sale
0 Bannockburn
Clayton, GA 30525
Studio
0 Bath
$435
Est. Monthly
32.60%
Cap Rate
About This Property
Wooded 2.5 acre tract bordering Stekoa Creek and elevated ground
offering seasonal mountain views. Travel along beautiful, winding,
rural roads to this hidden gem of a community overlooking the
Stekoa Valley with its quaint covered bridges and tree-lined roads
to Mountain Creek Estates. Mountain Creek Estates has
county-maintained paved streets, underground electricity and water
via a community well. All have been perk-tested for sewers. There
is no homeowner's association, keeping costs low. The community is
ideally situated near schools and public athletic facilities as
well as U.S. Forest Land and the Chattooga River. Lots 14 and 36
also available.
Unit Size
-
Days on Market
378 days
Land Size
2.51 acres
Price per sqft
-
Property Type
Land
Property Taxes
$67
HOA Dues
-
Year Built
-
Listed By
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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 months ago (GAMLS #10615821)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 21, 2026 | Price Decreased |
$75,000
↓ $4K
(5.1%) | |
| Price Decreased | |||
| Oct 1, 2025 | Listed by Poss Realty | $79,000 | |
| Listed by Poss Realty | |||
| Apr 4, 2024 | Listed | $79,000 | |
| Listed | |||
| | |||
|
Wooded 2.5 acre tract bordering Stekoa Creek and elevated ground offering seasonal mountain views. Travel along beautiful, winding, rural roads to this hidden gem of a community overlooking the Stekoa Valley with its quaint covered bridges and tree-lined roads to Mountain Creek Estates. Mountain Creek Estates has county-maintained paved streets, underground electricity and water via a community well. All have been perk-tested for sewers. There is no homeowner's association, keeping costs low. The community is ideally situated near schools and public athletic facilities as well as U.S. Forest Land and the Chattooga River. Lots 14 and 36 also available.
| |||
Property Highlights
Exterior Details
Waterfront Features: Creek
Lot Features: Sloped
Lot Size Area: 109509.84
Lot Size Units: Square Feet
Lot Size Acres: 2.514
Lot Size Square Feet: 109509.84
Water Source: Private, Shared Well
Financial Details
Tax Annual Amount: $800
Utilities Details
Sewer : None
Location Details
HOA Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Rabun
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Listed by: Scott Poss, Poss Realty
Last Updated: 2 months ago
Data Source: GAMLS, MLS# 10615821
Last Updated: 2 months ago
Data Source: GAMLS, MLS# 10615821
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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.
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