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Hall 30506
2508 River Drive
Listing Courtesy of: Reese Freyer Iii, Property Systems Of The Southeast LLC
$175,000
● House - Off Market

2508 River Drive

Gainesville, GA 30506
bedrooms
4 Beds
bathrooms
0 Bath, 1 Half Bath
square feet
2,050 Ft²
$302,996
RealtyHop Estimate
52.26%
Since Jun 1, 2018
National-US
Primary Model

About This Property

Custom home with view of Lake Lanier. 4 bedrooms and 2.5 baths on corner lot with two car garage. Substantial remodeling inside and outside. New hardwood floors, tile floors, doors, light fixtures. New kitchen and bath cabinets, countertops and tile backsplash. New wood stairs, new windows and roof in 2010. New complete A/C system, new electric water heater and kitchen appliances.
Unit Size
2,050 Ft²
Days on Market
-
Land Size
0.59 acres
Price per sqft
$97
Property Type
House
Property Taxes
$123
HOA Dues
-
Year Built
1974

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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: 3 years ago (FMLS #5939453)

Price History

Date / Event Date Event Price
Oct 27, 2021 Sold
Premium
Sold
May 21, 2018 Sold
Premium
Sold
Dec 4, 2017 Listed by Property Systems Of The Southeast LLC $199,000
Listed by Property Systems Of The Southeast LLC
Oct 29, 2012 Sold
Premium
Sold
Aug 19, 2012 Listed by Property Systems Of The Southeast LLC $38,000
Listed by Property Systems Of The Southeast LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1995
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 26
  • Exterior Walls Type: 15
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 813
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,873
  • Lot Size Depth Feet: 1,620
  • Lot Size Frontage Feet: 1,590
  • Total Building Area: 1,650
  • Building Area: 1,650
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,650
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVER POINT
  • Land Acres: 0000000571
  • Standard Land Use Code: 1001
  • County Land Use Code: 001
  • Legal Description 1: LOT 5 RIVER POINT S/D

Neighborhood

  • School District Name: Hall County School District
  • School Tax School District: COUNTY
  • Census Tract: 000501

Zoning

  • Zoning: R-I

Geography

  • Account Number: 32721
  • District: 001
  • Parcel: 10-126 -000-027
  • Lot: 5
  • Municipality: COUNTY
  • Latitude: 34.3521
  • Longitude: -83.8354

    Address

  • Full Address: 2508 River Dr
  • Address - House Number: 2508
  • Address - Street Name: River
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Gainesville
  • Carrier Code: C008
  • 4-Digit Zip Code: 1830
  • Zip Code: 30506

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $286,623
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.2341
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 67
  • Final Value: 366,101
  • High Value: 451,805
  • Low Value: 280,396

    Market Valuation

  • Market Total Value: $271,300
  • Market Land Value: $49,600
  • Market Improvement Value: $221,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $108,520
  • Assessed Land Value: $19,840
  • Assessed Improvements Value: $88,680

    Sales

  • Current Sale Contract Date: Oct 27, 2021
  • Current Sale Recording Date: Oct 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 49
  • Current Sale Input Document Number: 2021-010858
  • Previous Sale Recording Date: May 21, 2018
  • Previous Sale Contract Date: May 21, 2018
  • Previous Sale Amount: $175,000
  • 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 Hall

Stats & Trends

Median Asking:

$429,900

Sale Price/ft²

$196

Above Asking

0.28%

Average Days on Market

80

Average Home Size

2580 ft²

Average Home Age

18.8 years

Currently For Sale

1252 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

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FMLS

Listed by: Reese Freyer Iii, Property Systems Of The Southeast LLC
Last Updated: 3 years ago
Data Source: FMLS, MLS# 5939453
Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2026 FMLS.

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Frequently Asked Questions

When was property at 2508 River Drive built and last sold?
The property at 2508 River Drive was built in 1974 and last sold on Oct 27, 2021 for $277,000.
How much is this home worth?
The estimated value of the home located at 2508 River Drive is $203,833.
What are some comparable homes to 2508 River Drive?
There are currently no comparable homes to 2508 River Drive.
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