For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Hall 30506
4947 Letha Drive
$150,000
● Land - Off Market

4947 Letha Drive

Gainesville, GA 30506
bedrooms
Studio
bathrooms
0 Bath
$987
Est. Monthly

About This Property

Ready to build your dream home on the "quiet" part of the lake? Then don't miss out on this gorgeous 2+ acres lot in the quiet, 10 home, Elrod Brothers community. Get the best of both worlds, with Lake Lanier Living in a peaceful country setting. With minimal homes, and large lots, enjoy the privacy you can't find in other lake communities. Conveniently located between Dawsonville and Gainesville, get away from it all while being near it all. Don't miss out on this incredible opportunity! Level 3 Soil Test, Plat, and Warranty Deed available upon request. New Survey has Been Ordered.
Unit Size
-
Days on Market
-
Land Size
2.04 acres
Price per sqft
-
Property Type
Land
Property Taxes
$103
HOA Dues
-
Year Built
-

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 years ago (GAMLS #10398499)

Price History

Date / Event Date Event Price
Mar 14, 2025 Sold
Premium
Sold
Dec 16, 2024 In contract -
In contract
Nov 28, 2024 Price Decreased $180,000
↓ $20K (10%)
Price Decreased
Oct 18, 2024 Listed by RE/MAX Around Atlanta $199,999
Listed by RE/MAX Around Atlanta
Aug 20, 1997 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 88,862
  • Lot Size Depth Feet: 2,830
  • Lot Size Frontage Feet: 4,200
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: ELROD BORTHERS
  • Land Acres: 0000002040
  • Standard Land Use Code: 8001
  • County Land Use Code: R-3
  • Legal Description 1: ELROD BROS LTS 32-33

Neighborhood

  • School District Name: Hall County School District
  • School Tax School District: COUNTY
  • Census Tract: 000303

Zoning

  • Zoning: R-I

Geography

  • Account Number: 36570
  • District: 001
  • Parcel: 11-059 -000-034
  • Lot: 32-33
  • Municipality: COUNTY
  • Latitude: 34.4074
  • Longitude: -83.8815

    Address

  • Full Address: 4947 Letha Dr
  • Address - House Number: 4947
  • Address - Street Name: Letha
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Gainesville
  • Carrier Code: R018
  • 4-Digit Zip Code: 2646
  • Zip Code: 30506

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $128,194
  • Tax Rate Code Area: 1

    Market Valuation

  • Market Total Value: $124,600
  • Market Land Value: $124,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $49,840
  • Assessed Land Value: $49,840

    Sales

  • Current Sale Contract Date: Aug 14, 1997
  • Current Sale Recording Date: Aug 20, 1997
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Hall

Stats & Trends

Median Asking:

$429,990

Sale Price/ft²

$196

Above Asking

0.28%

Average Days on Market

80

Average Home Size

2559 ft²

Average Home Age

18.6 years

Currently For Sale

1257 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 4825 Red Oak Drive, GA, 30506

$1,795 /mo

  • 4 Beds
  • 2 Baths
  • 1,606 ft²
4825 Red Oak Drive, GA, 30506
Unit for rent at 3945 Fraser Circle, Gainesville, GA, 30506

$1,675 /mo

  • 3 Beds
  • 2 Baths
  • 1,325 ft²
3945 Fraser Circle, Gainesville, GA, 30506

Rentals Near You

Click here to view more rentals in the neighborhood.
GAMLS

Listed by: George Jones, RE/MAX Around Atlanta
Last Updated: 2 years ago
Data Source: GAMLS, MLS# 10398499
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.

Frequently Asked Questions

When was property at 4947 Letha Road built and last sold?
The property at 4947 Letha Road was built in and last sold on Aug 14, 1997 for $16,500.
How much is this home worth?
The estimated value of the home located at 4947 Letha Road is $0.
What are some comparable homes to 4947 Letha Road?
There are currently no comparable homes to 4947 Letha Road.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Hall Homes for Sale
Hall Houses for Sale
Hall Condos for Sale
Hall Townhouses for Sale
Hall Multifamily for Sale
Hall Land for Sale
Hall Commercial for Sale
Hall Homes with Basements
Nearby Cities
Atlanta Homes for Sale
Sandy Springs Homes for Sale
Roswell Homes for Sale
Johns Creek Homes for Sale
Athens-Clarke County Homes for Sale
Alpharetta Homes for Sale
Milton Homes for Sale
North Atlanta Homes for Sale
Nearby Property Records
Hall County, GA Property Records
Forsyth County, GA Property Records
Dawson County, GA Property Records
Lumpkin County, GA Property Records
Jackson County, GA Property Records
Banks County, GA Property Records
Barrow County, GA Property Records
White County, GA Property Records
Neighborhoods
Midtown Real Estate
North Buckhead Real Estate
Old Fourth Ward Real Estate
Pine Hills Real Estate
Morningside - Lenox Park Real Estate
East Atlanta Real Estate
North Springs Real Estate
Grant Park Real Estate
Nearby Counties
Fulton Homes for Sale
Gwinnett Homes for Sale
DeKalb Homes for Sale
Cherokee Homes for Sale
Forsyth Homes for Sale
Jackson Homes for Sale
Walton Homes for Sale
Barrow Homes for Sale
Top Real Estate Agents
Top Agents in Hall
Top Agents in Fulton
Top Agents in Gwinnett
Top Agents in DeKalb
Top Agents in Atlanta
Top Agents in Cherokee
Top Agents in Forsyth
Top Agents in Jackson