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Rabun
68 Ponderosa Lane
$390,000
● House - Off Market

68 Ponderosa Lane

Rabun Gap, GA 30568
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,974 Ft²
$473,905
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

Quaint old brick 3 bedroom 2 bath home with some upgrades. Being sold "AS IS" Fenced 24+ - acres of pasture land. Has frontage on Kelly Creek. Fish pond and small stream! Beautiful knoll to build new farmhouse on with a paved road. First time sell priced at $425,000.00! Call me today!
Unit Size
1,974 Ft²
Days on Market
-
Land Size
24.81 acres
Price per sqft
$215
Property Type
House
Property Taxes
$143
HOA Dues
-
Year Built
1947

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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: 3 years ago (GAMLS #8986406)

Price History

Date / Event Date Event Price
Nov 9, 2021 No longer available -
No longer available
Nov 5, 2021 Sold
Premium
Sold
Oct 13, 2021 In contract -
In contract
May 28, 2021 Listed by Poss Realty $425,000
Listed by Poss Realty
Jan 1, 1963 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1990
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 3
  • Interior Walls Type: 6
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Cover: 9
  • 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: 1,075,496
  • Total Building Area: 1,974
  • Gross Building Area: 1,974
  • Building Area: 1,974
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 12
  • Heating: 10
  • Heated Square Feet: 1,974
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000024690
  • Standard Land Use Code: 1001
  • County Land Use Code: A4
  • Legal Description 1: TRACTS 1,2,3

Neighborhood

  • School District Name: Rabun County School District
  • Census Tract: 970103

Zoning

  • Zoning: A

Geography

  • Assessors Map Reference: MAP 047D
  • Account Number: 8382
  • District: 2
  • Subdivision Tract Number: 1
  • Parcel: 047D 052
  • Lot: 165
  • Municipality: UNINC COUNTY
  • Latitude: 34.9704
  • Longitude: -83.3612

    Address

  • Full Address: 68 Ponderosa Rd
  • Address - House Number: 68
  • Address - Street Name: Ponderosa
  • Address - Suffix Type: Rd
  • State: GA
  • City Name: Rabun Gap
  • Carrier Code: R081
  • 4-Digit Zip Code: 1925
  • Zip Code: 30568

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $312,835

    Appraisal Valuation

  • Standard Deviation: 0.2251
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 68
  • Final Value: 554,926
  • High Value: 679,856
  • Low Value: 429,997

    Market Valuation

  • Market Total Value: $427,300
  • Market Land Value: $276,528
  • Market Improvement Value: $150,772

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $170,920
  • Assessed Land Value: $110,611
  • Assessed Improvements Value: $60,309

    Sales

  • Current Sale Contract Date: Nov 05, 2021
  • Current Sale Recording Date: Nov 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-002173
  • Previous Sale Recording Date: Jan 01, 1963
  • Previous Sale Contract Date: Jan 01, 1963
  • Previous Sale Amount: $28,100
  • Previous Sale Document Type: 71
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 Rabun

Stats & Trends

Median Asking:

$439,500

Sale Price/ft²

$266

Below Asking

0.02%

Average Days on Market

75

Average Home Size

2364 ft²

Average Home Age

31.2 years

Currently For Sale

392 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

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GAMLS

Listed by: Jim Blalock, Poss Realty
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 8986406
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 68 Ponderosa built and last sold?
The property at 68 Ponderosa was built in 1947 and last sold on Nov 5, 2021 for $377,323.
How much is this home worth?
The estimated value of the home located at 68 Ponderosa is $0.
What are some comparable homes to 68 Ponderosa?
There are currently no comparable homes to 68 Ponderosa.
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