$28,000
●
Land -
Off Market
3603 Tower Way
Gainesville, GA 30501
Studio
0 Bath
$52,216
RealtyHop Estimate
74.05%
Since Apr 1, 2016
National-US
Primary Model
About This Property
LOOKING TO BUILD A NEW LAKE COMMUNITY HOME WITHOUT THE LAKE PRICE?
WELL HERE IT IS! THESE 3 LOTS SIT ELEVATED ENOUGH TO HAVE A 360
DEGEE VISTA VIEW IN THE WINTER & IN THE SUMMER YOU'RE NESTLED AMONG
THE TREES. PERFECT FOR SLAB, CRAWL & ONE LOT SLOPES FOR A
BASEMENT IF NEEDED. COULD POSSIBLY BUILD 2 HOMES. CLEARED OF
UNDERBRUSH, SO COME WALK THE PROPERTY & DREAM OF THE POSSIBILITIES.
PAVED ON ONE END, THEN TURNS TO GRAVEL AND WRAPS THE PROPERTY FOR
SEVERAL ENTRY OPTIONS FOR YOUR NEW HOME AND/OR SHOP. COMM BOAT RAMP
AT END OF CLUBHOUSE TOO. CALL TODAY BEFORE IT'S GONE!
Unit Size
-
Days on Market
-
Land Size
1.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$15
HOA Dues
$30
Year Built
-
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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 (FMLS #5634387)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 17, 2024 | Sold | ||
| Sold | |||
| Apr 16, 2024 | Price Increased |
$384,900
↑ $10K
(2.7%) | |
| Price Increased | |||
| Apr 16, 2024 | Price Decreased |
$374,900
↓ $15K
(3.9%) | |
| Price Decreased | |||
| Apr 3, 2024 | Listed by COASTAL REALTY PROS LLC | $389,900 | |
| Listed by COASTAL REALTY PROS LLC | |||
| | |||
|
Welcome to your dream lakeside retreat! This stunning property offers exclusive Boat ramp access to Lake Lanier, making it a paradise for boating enthusiasts. Immerse yourself in luxury and convenience which is practically brand new. The gourmet kitchen is a chef's delight, featuring 42-inch white shaker cabinets, granite countertops, and a striking island perfect for culinary adventures. The open floor plan provides breathtaking views of the wooded backyard, creating the perfect setting for observing wildlife in its natural habitat. Upstairs, you'll find three bedrooms and a convenient laundry room. The master suite is a true sanctuary, boasting a small office, a spacious walk-in closet, and a luxurious bathroom complete with his and hers sinks and a walk-in shower. This property offers an unparalleled opportunity to experience lakeside living at its finest. Plus, its proximity to shopping and restaurants adds an extra layer of convenience to this already idyllic location. Water is included. Furniture is also negotiable.
| |||
| Oct 16, 2023 | Sold | ||
| Sold | |||
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Listed by: Jeani Harrell, RE/MAX ADVANCED, LLC
Last Updated: 3 years ago
Data Source: FMLS, MLS# 5634387
Last Updated: 3 years ago
Data Source: FMLS, MLS# 5634387
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