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Demorest 30535
235 Pine Avenue
$12,900
● Land - Off Market

235 Pine Avenue

Demorest, GA 30535
bedrooms
Studio
bathrooms
0 Bath
$71
Est. Monthly
67.13%
Cap Rate

About This Property

Smack dab in the center of small-town life! Brimming with possibilities is this vacant .16 city building lot. Located in the foothills of the northeast Georgia Blue Ridge Mountains, Demorest GA is home to a small 2,000 people. Just down the road and within walking distance is 4-year private Piedmont University, Demorest City Park and a short drive to all the N. Georgia outdoor activities. Build a personal residence, investment property or keep vacant for the future potential.
Unit Size
-
Days on Market
-
Land Size
0.16 acres
Price per sqft
-
Property Type
Land
Property Taxes
$7
HOA Dues
-
Year Built
1965

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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 #10244681)

Price History

Date / Event Date Event Price
Feb 23, 2024 Sold
Premium
Sold
Jan 22, 2024 Listed by Nacoochee Real Estate $12,900
Listed by Nacoochee Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1980
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 9
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 15
  • 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: 6,970
  • Lot Size Depth Feet: 1,040
  • Lot Size Frontage Feet: 450
  • Total Building Area: 1,124
  • Gross Building Area: 1,124
  • Building Area: 1,124
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 14
  • Heated Square Feet: 1,124
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000000160
  • Standard Land Use Code: 8001
  • County Land Use Code: R3
  • Legal Description 1: 10-46 APTS TRK 3 PB72-54 1251-442

Neighborhood

  • School District Name: Habersham County School District
  • School Tax School District: DEMOREST
  • Census Tract: 000502

Zoning

  • Zoning: MI

Geography

  • Account Number: 680796
  • District: 05
  • Subdivision Tract Number: 3
  • Parcel: 078 020
  • Municipality: DEMOREST
  • Latitude: 34.5653
  • Longitude: -83.5484

    Address

  • Full Address: 235 Pine Ave
  • Address - House Number: 235
  • Address - Street Name: Pine
  • Address - Suffix Type: Ave
  • State: GA
  • City Name: Demorest
  • Carrier Code: R053
  • 4-Digit Zip Code: 4927
  • Zip Code: 30535

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,319

    Market Valuation

  • Market Total Value: $7,050
  • Market Land Value: $7,050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,820
  • Assessed Land Value: $2,820

    Sales

  • Current Sale Contract Date: Feb 23, 2024
  • Current Sale Recording Date: Feb 23, 2024
  • Current Sale Document Type: 55
  • Previous Sale Recording Date: Feb 23, 2024
  • Previous Sale Contract Date: Feb 23, 2024
  • Previous Sale Amount: $12,900
  • Previous 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 Demorest

Stats & Trends

Median Asking:

$412,197

Sale Price/ft²

$138

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2664 ft²

Average Home Age

12 years

Currently For Sale

22 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 1522 Central Avenue, Demorest, GA, 30535

$950 /mo

  • Studio
  • 1 Bath
1522 Central Avenue #4, Demorest, GA, 30535

Rentals Near You

Click here to view more rentals in the neighborhood.
GAMLS

Listed by: Ethan Smith, Nacoochee Real Estate
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10244681
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 235 Pine Avenue built and last sold?
The property at 235 Pine Avenue was built in 1965 and last sold on Feb 23, 2024 for $0.
How much is this home worth?
The estimated value of the home located at 235 Pine Avenue is $0.
What are some comparable homes to 235 Pine Avenue?
There are currently no comparable homes to 235 Pine Avenue.
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