2789 Malcom Estates Ridge #LOT28
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 20, 2026 | Price Decreased |
$250,000
↓ $10K
(3.9%) | |
| Price Decreased | |||
| Jul 29, 2026 | Listed by Woodall Realty Group | $260,000 | |
| Listed by Woodall Realty Group | |||
| Jul 10, 2025 | Sold | ||
| Sold | |||
| Jun 12, 2024 | Listed | $225,000 | |
| Listed | |||
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Lot 28 of Malcom Bridge Estates is a 1.36 acre tract with nice flat topography at the front of the lot and a front to back slope towards the middle. It could accommodate a crawlspace or basement house. The lot is completely wooded and offers an abundance of privacy with the large oak trees that will tie in perfectly to your overall site plan. This property is located in Malcom Bridge Estates, Oconee Countys newest gated community. This neighborhood features 74 vacant lots that offer a blank canvas for you to curate your dream home on. Nestled in North Oconee, this location is incredibly convenient and minutes from all that Athens and Oconee have to offer, yet feels tucked away. This community features a gated entrance and a community pool. The lots ranging from 0.69 acres to 3.89 acres with pricing ranging from $200,000 to $400,000. Whether you are wanting to craft your ideal home on an open meadow, a wooded lot, creekfront or a combination, Malcom Bridge Estates has a lot that is perfect for you. As soon as you drive through the gates, you will be captivated by this beautiful property and peaceful atmosphere! Contact us today for more information and to explore the possibilities awaiting you at Malcom Bridge Estates! See link to website for additional information (covenants, soil map, final plat, design guidelines, etc.) https://malcombridgeestates.com
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017