2791 Elder Mill Road
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| Mar 30, 2023 | Sold | ||
| Sold | |||
| Sep 8, 2022 | Listed by Coldwell Banker Upchurch Rlty. | $1,695,000 | |
| Listed by Coldwell Banker Upchurch Rlty. | |||
| Sep 6, 2022 | No longer available | - | |
| No longer available | |||
| Mar 3, 2022 | Listed by Kilgore Real Estate Group | $1,995,000 | |
| Listed by Kilgore Real Estate Group | |||
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Privately tucked away off of Elder Mill Rd. and just minutes away from the shops and restaurants of downtown Watkinsville awaits this charming 4-bedroom basement home on 67 acres. The asphalt drive leads you through mature hardwoods before opening up to 4 fenced pastures with a pond, 2 stall barn and an equipment barn. The functional floor plan of the home includes the master on main with a sitting room, his and her closets and a remodeled master bath that features a free-standing tub and heated tile floors. A formal study and half bath are located on the opposite end of the home providing a quiet place to work or relax. The main living area is centrally located and has an open design between the kitchen and family room and an additional half bath making it perfect for family gatherings and entertaining. The well-appointed kitchen is adjacent to the formal dining room and includes a large island, double ovens, pantry, ice maker, wine cooler and 2 dishwashers. The great room has a cozy fireplace and a wall of windows that offer spectacular views of the woods and wildlife. The additional bedrooms include a bedroom above the 3-car garage that is accessed by a stairway directly off the mudroom upon entry from the garage. It includes a private bath and mini kitchen, making it ideal for a teen suite or guests. There are 2 additional bedrooms and baths located upstairs off of the main part of the house. The basement includes an office and plenty of unfinished area for storage or the option for additional finished space. Located conveniently next to the house, there is a shop that is approximately 550 sq. ft. with a roll up door and power. There is also a covered storage area behind the 3-car garage to store ATV's. The back of the property is bordered by Rose Creek and Little Rose Creek and includes an additional cleared area if more pasture is needed. The deck and front porch steps have been updated with maintenance free synthetic decking. This is a rare opportunity for those seeking a rural lifestyle in one of the state's best public school systems while close to Athens and Lake Oconee. The property is enrolled in CUV program. The manager has listed the unit size as 4467 square feet.
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| May 16, 2005 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017