$360,000
●
House -
Off Market
4937 Goddards Ford Road
Gainesville, GA 30504
1 Bed
1 Bath
800 Ft²
$2,180
Est. Monthly
About This Property
This charming 1 bedroom, 1 bath lakefront cottage offers the
perfect amount of peaceful privacy for a weekend escape. Tucked
away on a wooded .70-acre lot with seasonal lake views, this home
includes a 16' x 24' platform dock with deep water access and a
very gentle walk to the shoreline. The open-concept layout features
warm wood-planked walls and ceilings throughout. Enjoy outdoor
living on the expansive deck, perfect for entertaining or relaxing
in the natural surroundings. The unfinished basement offers ample
storage or potential for additional living space, and the home is
permitted for 2 bedrooms, offering room to expand. This property
offers incredible potential in a tranquil lakefront setting!
Conveniently located to I-985, GA 400, Gainesville, and
Dawsonville.
Unit Size
800 Ft²
Days on Market
49 days
Land Size
0.70 acres
Price per sqft
$494
Property Type
House
Property Taxes
$240
HOA Dues
-
Year Built
1979
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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: 6 months ago (GAMLS #10709577)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 1, 2026 | Sold | ||
| Sold | |||
| Apr 20, 2026 | In contract | - | |
| In contract | |||
| Mar 12, 2026 | Listed by Sheila Davis Group | $395,000 | |
| Listed by Sheila Davis Group | |||
| Aug 16, 2025 | Price Decreased |
$415,000
↓ $35K
(7.8%) | |
| Price Decreased | |||
| Jun 17, 2025 | Listed | $450,000 | |
| Listed | |||
| | |||
|
This charming 1 bedroom, 1 bath lakefront cottage offers the perfect amount of peaceful privacy for a weekend escape. Tucked away on a wooded .70-acre lot with seasonal lake views, this home includes a 16' x 24' platform dock with deep water access and a very gentle walk to the shoreline. The open-concept layout features warm wood-planked walls and ceilings throughout. Enjoy outdoor living on the expansive deck, perfect for entertaining or relaxing in the natural surroundings. The unfinished basement offers ample storage or potential for additional living space, and the home is permitted for 2 bedrooms, offering room to expand. This property offers incredible potential in a tranquil lakefront setting! Conveniently located to I-985, GA 400, Gainesville, and Dawsonville.
| |||
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Hall
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Listed by: Sheila Davis, Sheila Davis Group
Last Updated: 6 months ago
Data Source: GAMLS, MLS# 10709577
Last Updated: 6 months ago
Data Source: GAMLS, MLS# 10709577
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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