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Rabun 30552
1920 Low Gap Road
$235,000
● House - Off Market

1920 Low Gap Road

Lakemont, GA 30552
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,000 Ft²
$1,379
Est. Monthly
7.10%
Cap Rate

About This Property

Perfect Get-a way in the NE Ga Mtns. Beautiful setting on 1.61+- acres with an old homeplace feel the moment you drive up or walk through the door. Loaded with charm and character, convenient to Lake Rabun, short walk to a small creek on the property, great area for firepit or gazebo for outdoor entertaining. Tons or parking space for your guests. Beautiful log interior with hardwood floors, rock fireplace, wood burning stove to cozy up and enjoy during the colder months, 2 bedroom / 1 full bath + home office. Screened in porch off the master to enjoy nature and your morning coffee or evening glass of wine. Has excellent potential for vacation rental to provide extra income.
Unit Size
1,000 Ft²
Days on Market
107 days
Land Size
1.51 acres
Price per sqft
$269
Property Type
House
Property Taxes
$57
HOA Dues
-
Year Built
1931

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 7 months ago (GAMLS #20151776)

Price History

Date / Event Date Event Price
Jan 24, 2024 Sold
Premium
Sold
Oct 9, 2023 Listed by Poss Realty $269,000
Listed by Poss Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 1950
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 73,616
  • Total Building Area: 1,000
  • Gross Building Area: 1,000
  • Building Area: 1,000
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 12
  • Heating: 6
  • Heated Square Feet: 1,000
  • Heating Fuel Type: 5

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001690
  • Standard Land Use Code: 1001
  • County Land Use Code: R3
  • Legal Description 1: LL 81 LD 13

Neighborhood

  • School District Name: Rabun County School District
  • Census Tract: 970304

Zoning

  • Zoning: A

Geography

  • Assessors Map Reference: MAP 095
  • Account Number: 4753
  • District: 13
  • Parcel: 095 013
  • Lot: 81
  • Municipality: UNINC COUNTY
  • Latitude: 34.7447
  • Longitude: -83.5113

    Address

  • Full Address: 1920 Low Gap Rd
  • Address - House Number: 1920
  • Address - Street Name: Low Gap
  • Address - Suffix Type: Rd
  • State: GA
  • City Name: Lakemont
  • Carrier Code: R001
  • 4-Digit Zip Code: 3407
  • Zip Code: 30552

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $71,477

    Appraisal Valuation

  • Standard Deviation: 0.1031
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 90
  • Final Value: 256,224
  • High Value: 282,654
  • Low Value: 229,794

    Market Valuation

  • Market Total Value: $97,629
  • Market Land Value: $23,556
  • Market Improvement Value: $74,073

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $39,051
  • Assessed Land Value: $9,422
  • Assessed Improvements Value: $29,629

    Sales

  • Current Sale Contract Date: Jan 23, 2024
  • Current Sale Recording Date: Jan 24, 2024
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jan 24, 2024
  • Previous Sale Contract Date: Jan 23, 2024
  • Previous Sale Document Type: 55
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:

$440,000

Sale Price/ft²

$264

Below Asking

0.02%

Average Days on Market

74

Average Home Size

2369 ft²

Average Home Age

31.8 years

Currently For Sale

280 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

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GAMLS

Listed by: Marsha Ramey, Poss Realty
Last Updated: 7 months ago
Data Source: GAMLS, MLS# 20151776
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 1920 Low Gap Road built and last sold?
The property at 1920 Low Gap Road was built in 1931 and last sold on Jan 23, 2024 for $0.
How much is this home worth?
The estimated value of the home located at 1920 Low Gap Road is $271,379.
What are some comparable homes to 1920 Low Gap Road?
There are currently no comparable homes to 1920 Low Gap Road.
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