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Map
Listing Courtesy of: Martin Anker, Anker Custom Homes Realty, 770-630-3984
$1,350,000
●
Land -
For Sale
16495 Phillips Road
Milton, GA 30004
Studio
0 Bath
$7,659
Est. Monthly
About This Property
Welcome to 16495 Phillips Road...a gorgeous 6 acre parcel of land
that is ready to build. All previously existing structures
have been removed, soils testing done, civil and septic engineering
completed and ready to build. Current owners have designed a
beautiful custom home specifically for this almost level piece of
land that is ready for permitting. Work with Anker Custom
Homes to modify this plan to your perfect specifications or allow
us to design the home of your dreams from scratch. Envision
the perfect Milton setting with the home sitting nicely above the
street behind a private gated entry with ample room for beautiful
grounds, barn, guest house and pool. Text listing agent for a
private tour of this special piece of land and a discussion about
the custom home building process, timing and costs.
Unit Size
-
Days on Market
-
Land Size
6.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,030
HOA Dues
-
Year Built
1969
Listed By
MARTIN ANKER
Parkside Properties, Inc.
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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 months ago (FMLS #7827829)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 24, 2026 | Listed by Anker Custom Homes Realty | $1,350,000 | |
| Listed by Anker Custom Homes Realty | |||
| Dec 20, 2024 | Sold | ||
| Sold | |||
| Oct 25, 2024 | In contract | - | |
| In contract | |||
| Sep 2, 2024 | Listed by Market Masters Realty | $1,320,000 | |
| Listed by Market Masters Realty | |||
| | |||
|
***DESIRABLE SELLER FINANCING AVAILABLE!*** 5% RATE ON A 3 YEAR BALLOON! Exceptional Estate Acreage. Lush pasture in the front with a backdrop of mature hardwoods across the rear. This spectacular 6-acre property in the middle of Milton horse country features 3 buildable level lots that sit up off the street. Perk tests and soil reports completed and available upon request. A perfect setting for your own family compound or a Fantastic Investment Opportunity with two rental homes and a stable generating monthly rental revenue of $3,250. 1.5 miles from The Manor, this property has no HOA, covenants or restrictions. Located on a paved and quiet road, there is 450’ of road frontage and is more than 600’ deep. Each home site has plenty of room for a pool with cabana and outdoor kitchen. Award winning Milton public and private schools, beautiful parks, great shopping and dining provide great choices and a tremendous lifestyle to build your own resort-style estate. Area luxury homes surrounded by horse farms are reaching well above the $2M mark.
| |||
| Feb 27, 2023 | Sold | ||
| Sold | |||
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Property Highlights
Exterior Details
Security Features: None
Year Built: 1969
Waterfront Features: None
Waterbody Name: None
Other Structures: None
Lot Features: Cleared
Lot Size Area: 261360
Lot Size Units: Square Feet
Lot Size Acres: 6
Lot Size Square Feet: 261360
Lot Size Dimensions: 440x280x666x280
Financial Details
Tax Annual Amount: $12,360
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
Beds
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ft²
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Closing Price
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HOA + Taxes
About Milton
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Listed by: Martin Anker, Anker Custom Homes Realty
Last Updated: 2 months ago
Data Source: FMLS, MLS# 7827829
Last Updated: 2 months ago
Data Source: FMLS, MLS# 7827829
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