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Cherokee 30183 Lake Arrowhead
130 Morse Elm Loop
$12,500
● Land - Off Market

130 Morse Elm Loop

Waleska, GA 30183
bedrooms
Studio
bathrooms
0 Bath
$101
Est. Monthly
140.22%
Cap Rate

About This Property

Located inside the gated Lake Arrowhead community, this .049-acre lot offers seasonal mountain views and is ideal for a basement home. Situated among new homes and near community amenities, residents can enjoy a resort lifestyle with a 540-acre lake, miles of hiking trails, an 18-hole championship golf course, two pools, tennis courts, a 10,000 sq. ft. clubhouse with a bar, dry boat storage, and the 40-acre Great Festival Park, which includes a playground, pavilion, and post office. Priced to sell!
Unit Size
-
Days on Market
-
Land Size
0.49 acres
Price per sqft
-
Property Type
Land
Property Taxes
$4
HOA Dues
-
Year Built
-

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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: 3 years ago (GAMLS #10345792)

Price History

Date / Event Date Event Price
Oct 15, 2024 Sold
Premium
Sold
Jul 24, 2024 Listed by Century 21 Lindsey & Pauley $19,500
Listed by Century 21 Lindsey & Pauley

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,602
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000000495
  • Standard Land Use Code: 8001
  • County Land Use Code: R3
  • Legal Description 1: LOT 46 BLK 4 UNIT 2 LA

Neighborhood

  • School District Name: Cherokee County School District
  • School Tax School District: C STAT
  • Census Tract: 090202

Zoning

  • Zoning: PUD

Geography

  • Account Number: 800694
  • District: 1
  • Parcel: 22N15 04046
  • Block: 4
  • Lot: 46
  • Municipality: UNINCORPORATED AREA
  • Latitude: 34.3229
  • Longitude: -84.6096

    Address

  • Full Address: 130 Morse Elm Loop
  • Legal Unit: 2
  • Address - House Number: 130
  • Address - Street Name: Morse Elm
  • Address - Suffix Type: Loop
  • State: GA
  • City Name: Waleska
  • Carrier Code: R004
  • 4-Digit Zip Code: 4042
  • Zip Code: 30183

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: SCH SCHB C

    Market Valuation

  • Market Total Value: $5,000
  • Market Land Value: $5,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,000
  • Assessed Land Value: $2,000
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 Lake Arrowhead

Stats & Trends

Median Asking:

$547,400

Sale Price/ft²

$238

Below Asking

0.02%

Average Days on Market

100

Average Home Size

1746 ft²

Average Home Age

14.2 years

Currently For Sale

93 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

Unit for rent at 114 Cherokee Drive S, Waleska, GA, 30183

$2,200 /mo

  • 3 Beds
  • 2 Baths
114 Cherokee Drive S, Waleska, GA, 30183 Listing by Jeff Leshin

Rentals Near You

Click here to view more rentals in the neighborhood.
GAMLS

Listed by: Lydia Spink, Century 21 Lindsey & Pauley
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10345792
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 130 Morse Elm Loop built and last sold?
The property at 130 Morse Elm Loop was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 130 Morse Elm Loop is $19,695.
What are some comparable homes to 130 Morse Elm Loop?
There are currently no comparable homes to 130 Morse Elm Loop.
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