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Fannin 30560
501 Oak Ledge Road
$594,800
● House - Off Market

501 Oak Ledge Road

Morganton, GA 30560
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,820 Ft²
$654,181
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Million dollar views from this COMPLETELY private cabin. Feel your blood pressure lower as you meander down the long gated driveway. Step outside to the covered porch and become mesmerized by some of the BEST views in the North Georgia Mountains. Spacious bedroom and full bath on main level. Travel upstairs ro the huge primary suite with large closets and private balcony. Finished terrace level with another living space , potential 3rd bedroom and nearly completed 3 rd bath. Freshly stained and painted. Paved road , access and short term rentals are allowed. Once you drive in you won't want to leave..
Unit Size
2,820 Ft²
Days on Market
-
Land Size
1.31 acres
Price per sqft
$220
Property Type
House
Property Taxes
$169
HOA Dues
-
Year Built
2001

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #20047373)

Price History

Date / Event Date Event Price
Nov 4, 2022 Sold
Premium
Sold
Jun 6, 2022 Listed by RE/MAX Town & Country $619,900
Listed by RE/MAX Town & Country
May 17, 2001 Sold
Premium
Sold
Aug 25, 2000 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 9
  • Interior Walls Type: 10
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 150
  • Floor Cover: 15
  • Basement Type: 9
  • Basement Area: 1,064
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 57,064
  • Total Building Area: 1,596
  • Building Area: 1,596
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,596
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAPLE GROVE S D
  • Land Acres: 0000001310
  • Standard Land Use Code: 1001
  • County Land Use Code: R3
  • Legal Description 1: 8-1 LL153 LT3 DB396-1 1.31 AC

Neighborhood

  • School District Name: Fannin County School District
  • School Tax School District: COUNTY
  • Census Tract: 050500

Zoning

  • Zoning: RESIDENTIA

Geography

  • Account Number: 19466
  • District: 8
  • Parcel: 0011 0338I
  • Lot: 153
  • Municipality: COUNTY
  • Latitude: 34.9255
  • Longitude: -84.174

    Address

  • Full Address: 501 Oak Ledge Rd
  • Address - House Number: 501
  • Address - Street Name: Oak Ledge
  • Address - Suffix Type: Rd
  • State: GA
  • City Name: Morganton
  • Carrier Code: R063
  • 4-Digit Zip Code: 2897
  • Zip Code: 30560

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $313,085
  • Tax Rate Code Area: 01

    Appraisal Valuation

  • Standard Deviation: 0.1044
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 89
  • Final Value: 604,412
  • High Value: 667,533
  • Low Value: 541,290

    Market Valuation

  • Market Total Value: $434,719
  • Market Land Value: $49,570
  • Market Improvement Value: $385,149

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $173,888
  • Assessed Land Value: $19,828
  • Assessed Improvements Value: $154,060

    Sales

  • Current Sale Contract Date: Nov 04, 2022
  • Current Sale Recording Date: Nov 04, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022-003612
  • Previous Sale Recording Date: May 17, 2001
  • Previous Sale Contract Date: May 17, 2001
  • Previous Sale Amount: $179,000
  • Previous 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 Fannin

Stats & Trends

Median Asking:

$675,000

Sale Price/ft²

$315

Below Asking

0.04%

Average Days on Market

114

Average Home Size

2417 ft²

Average Home Age

21.7 years

Currently For Sale

542 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

Rentals Near You

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GAMLS

Listed by: AJ Petrillo, RE/MAX Town & Country
Last Updated: 2 years ago
Data Source: GAMLS, MLS# 20047373
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 501 Oak Ledge Road built and last sold?
The property at 501 Oak Ledge Road was built in 2001 and last sold on Nov 4, 2022 for $594,800.
How much is this home worth?
The estimated value of the home located at 501 Oak Ledge Road is $0.
What are some comparable homes to 501 Oak Ledge Road?
There are currently no comparable homes to 501 Oak Ledge Road.
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