31
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343 Seneca Drive
About This Property
Nestled in the heart of the North Georgia Mountains, Ellijay offers far more than beautiful scenery. It is a place where life naturally slows to a more peaceful rhythm without sacrificing charm, culture, or convenience. Known as Georgia's Apple Capital, Ellijay is beloved for its welcoming small-town atmosphere, vibrant local shops, wineries, farm markets, hiking trails, and year-round festivals that draw visitors from across the Southeast. Residents enjoy cool mountain air, stunning seasonal colors, sparkling rivers and lakes, and endless opportunities for outdoor adventure including hiking, kayaking, fishing, and exploring the nearby Appalachian foothills. Despite its tranquil setting, Ellijay remains conveniently accessible to metro Atlanta, making it an ideal retreat for full-time living, weekend escapes, or investment opportunities. Whether enjoying a quiet morning on the porch, an afternoon exploring downtown, or an evening beneath a sky full of stars, life in Ellijay feels like stepping into the mountain lifestyle people dream about but rarely find.
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Cap Rate Calculator
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 19, 2026 | Sold | ||
| Sold | |||
| Jul 23, 2026 | In contract | - | |
| In contract | |||
| Jul 5, 2026 | Relisted | $429,000 | |
| Relisted | |||
| Jun 29, 2026 | In contract | - | |
| In contract | |||
| May 28, 2026 | Price Decreased |
$424,900
↓ $25K
(5.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017