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Elberton 30635
112 Lake Forest Drive
$195,000
● House - Off Market

112 Lake Forest Drive

Elberton, GA 30635
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,726 Ft²
$1,060
Est. Monthly
13.84%
Cap Rate

About This Property

Motivated seller!!Check out this hard-to-find 4Br home, situated on a large lot and within walking distance to the city park and wonderful walking trails. Recently updated to include new kitchen and bathrooms, new flooring, paint, lights and the list goes on... The kitchen opens to a large living room with welcoming natural daylight throughout. The main bedroom has a walk-in closet and a study along with a separate entrance to use, if desired. Large back yard with patio, great for enjoying the outdoors. Call today and come take a look!
Unit Size
1,726 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$113
Property Type
House
Property Taxes
$102
HOA Dues
-
Year Built
1960

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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 #10255753)

Price History

Date / Event Date Event Price
Jun 28, 2024 Sold
Premium
Sold
Feb 16, 2024 Listed by RE/MAX Complete $195,000
Listed by RE/MAX Complete
Aug 4, 2023 Sold
Premium
Sold
Jul 22, 2004 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1976
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 17
  • Exterior Walls Type: 24
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,522
  • Lot Size Depth Feet: 2,350
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,726
  • Building Area: 1,726
  • Building Area Measurement: K

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,726
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CITY RES FF @ $150
  • Land Acres: 0000000540
  • Standard Land Use Code: 1001
  • County Land Use Code: R1
  • Legal Description 1: HOUSE & LAND

Neighborhood

  • School District Name: Elbert County School District
  • School Tax School District: 2-ELBERT
  • Census Tract: 000300

Zoning

  • Zoning: RESIDENTIA

Geography

  • Account Number: 3347
  • Parcel: E13 012
  • Municipality: ELBERTON
  • Latitude: 34.1039
  • Longitude: -82.8731

    Address

  • Full Address: 112 Lake Forest Dr
  • Address - House Number: 112
  • Address - Street Name: Lake Forest
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Elberton
  • Carrier Code: C001
  • 4-Digit Zip Code: 1829
  • Zip Code: 30635

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $120,840
  • Tax Rate Code Area: 2-ELBERT

    Appraisal Valuation

  • Standard Deviation: 0.2456
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 50
  • Final Value: 164,900
  • High Value: 205,406
  • Low Value: 124,393

    Market Valuation

  • Market Total Value: $181,417
  • Market Land Value: $17,831
  • Market Improvement Value: $163,586

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $72,567
  • Assessed Land Value: $7,132
  • Assessed Improvements Value: $65,434

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 04, 2023
  • Current Sale Recording Date: Aug 04, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023000661
  • Previous Sale Recording Date: Jul 22, 2004
  • Previous Sale Contract Date: Jul 22, 2004
  • Previous Sale Amount: $87,000
  • Previous Sale Document Type: 27
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 Elberton

Stats & Trends

Median Asking:

$209,900

Sale Price/ft²

$134

Below Asking

0.05%

Average Days on Market

72

Average Home Size

1974 ft²

Average Home Age

73.5 years

Currently For Sale

16 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

Click here to view more rentals in the neighborhood.
GAMLS

Listed by: Jennifer Lane, RE/MAX Complete
Last Updated: 2 years ago
Data Source: GAMLS, MLS# 10255753
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 112 Lake Forest Drive built and last sold?
The property at 112 Lake Forest Drive was built in 1960 and last sold on Aug 4, 2023 for $110,000.
How much is this home worth?
The estimated value of the home located at 112 Lake Forest Drive is $0.
What are some comparable homes to 112 Lake Forest Drive?
There are currently no comparable homes to 112 Lake Forest Drive.
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