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Rabun
159 Clare Lane
$220,000
● House - Off Market

159 Clare Lane

Rabun Gap, GA 30568
bedrooms
2 Beds
bathrooms
2 Baths
$1,321
Est. Monthly

About This Property

Private 2 bed, 2 bath cabin overlooking Lake Louisa with dock in Sylvan Lake Falls! Bring your contractor and create the cabin of your dreams in North Georgia with seasonal mountain views on a 1-acre lot close to downtown Clayton, State Parks, hiking trails and less than 45 minutes to Highlands, NC!
Unit Size
-
Days on Market
49 days
Land Size
1.00 acres
Price per sqft
-
Property Type
House
Property Taxes
$94
HOA Dues
-
Year Built
1991

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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: 8 months ago (GAMLS #10669100)

Price History

Date / Event Date Event Price
Feb 27, 2026 Sold
Premium
Sold
Feb 20, 2026 In contract -
In contract
Jan 8, 2026 Listed by BHHS Georgia Properties $249,900
Listed by BHHS Georgia Properties
Jun 1, 1994 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Cover: 9
  • Basement Type: 3
  • Basement Area: 784
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,568
  • Gross Building Area: 1,568
  • Building Area: 1,568
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 11
  • Heated Square Feet: 1,568
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHADOW RDG ESTATES
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: R3
  • Legal Description 1: LL94 LD2

Neighborhood

  • School District Name: Rabun County School District
  • Census Tract: 970101

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 040C
  • Account Number: 13798
  • District: 2
  • Parcel: 040C 145C
  • Municipality: UNINC COUNTY
  • Latitude: 34.9218
  • Longitude: -83.4189

    Address

  • Full Address: 159 Clare Ln
  • Address - House Number: 159
  • Address - Street Name: Clare
  • Address - Suffix Type: Ln
  • State: GA
  • City Name: Rabun Gap
  • Carrier Code: R081
  • 4-Digit Zip Code: 3308
  • Zip Code: 30568

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $118,887
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.3036
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 39
  • Final Value: 249,342
  • High Value: 325,062
  • Low Value: 173,621

    Market Valuation

  • Market Total Value: $162,388
  • Market Land Value: $45,000
  • Market Improvement Value: $117,388

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $64,955
  • Assessed Land Value: $18,000
  • Assessed Improvements Value: $46,955

    Sales

  • Current Sale Contract Date: Jun 01, 1994
  • Current Sale Recording Date: Jun 01, 1994
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
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 Rabun

Stats & Trends

Median Asking:

$439,500

Sale Price/ft²

$266

Below Asking

0.02%

Average Days on Market

75

Average Home Size

2364 ft²

Average Home Age

31.2 years

Currently For Sale

392 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

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GAMLS

Listed by: Cody Stowers, BHHS Georgia Properties
Last Updated: 8 months ago
Data Source: GAMLS, MLS# 10669100
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 159 Clare Lane built and last sold?
The property at 159 Clare Lane was built in 1991 and last sold on Jun 1, 1994 for $89,000.
How much is this home worth?
The estimated value of the home located at 159 Clare Lane is $252,399.
What are some comparable homes to 159 Clare Lane?
There are currently no comparable homes to 159 Clare Lane.
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