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Forsyth 30506
7409 Oak Ridge Drive
$360,000
● House - Off Market

7409 Oak Ridge Drive

Gainesville, GA 30506
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
864 Ft²
$1,936
Est. Monthly
6.82%
Cap Rate

About This Property

MOVE-IN READY! Completely remodeled and amazing 2BR/1.5BA gem on private 1 acre fenced and gated lot just minutes from Lake Lanier.  Almost everything is NEW: Roof, Siding, Decking, Water Heater, ALL Interior/Exterior Doors & Hardware, Lighting Fixtures, LVP Flooring throughout, Quartz Countertops and SS Appliances. Vinyl Insulated Windows & 16x12 Out Building too.  Well has been serviced. Excellent Forsyth County Schools including the new East Forsyth High School district #HeadEast Bring your animals.  No HOA
Unit Size
864 Ft²
Days on Market
21 days
Land Size
1.00 acres
Price per sqft
$417
Property Type
House
Property Taxes
$168
HOA Dues
-
Year Built
1986

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Cap Rate Calculator

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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: 2 years ago (GAMLS #10257458)

Price History

Date / Event Date Event Price
Mar 19, 2024 Sold
Premium
Sold
Feb 23, 2024 Listed $359,900
Listed
Dec 18, 2023 No longer available -
No longer available
Sep 30, 2023 Price Decreased $359,900
↓ $15K (4%)
Price Decreased
Sep 14, 2023 Price Decreased $375,000
↓ $5K (1.3%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1995
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 16
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 43,560
  • Lot Size Depth Feet: 1,650
  • Lot Size Frontage Feet: 2,640
  • Total Building Area: 864
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 2
  • Heated Square Feet: 864
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OAK RI
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: 0120
  • Legal Description 1: 14-1 974-975 LT 3 BL B OAK RIDGE EST

Neighborhood

  • School District Name: Forsyth County School District
  • Census Tract: 130103

Zoning

  • Zoning: A1

Geography

  • Account Number: 0000245706
  • Parcel: 289 009
  • Lot: 3
  • Municipality: COUNTY
  • Latitude: 34.3191
  • Longitude: -84.0064

    Address

  • Full Address: 7409 Oak Ridge Dr
  • Address - House Number: 7409
  • Address - Street Name: Oak Ridge
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Gainesville
  • Carrier Code: R040
  • 4-Digit Zip Code: 6114
  • Zip Code: 30506

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $202,002
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.1628
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 79
  • Final Value: 253,580
  • High Value: 294,876
  • Low Value: 212,284

    Market Valuation

  • Market Total Value: $205,170
  • Market Land Value: $70,350
  • Market Improvement Value: $134,820

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $82,068
  • Assessed Land Value: $28,140
  • Assessed Improvements Value: $53,928

    Sales

  • Current Sale Contract Date: Mar 15, 2024
  • Current Sale Recording Date: Mar 19, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Feb 10, 2023
  • Previous Sale Contract Date: Feb 08, 2023
  • Previous Sale Amount: $220,000
  • Previous Sale Document Type: 68
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 Forsyth

Stats & Trends

Median Asking:

$650,000

Sale Price/ft²

$223

Below Asking

0.02%

Average Days on Market

76

Average Home Size

3013 ft²

Average Home Age

16 years

Currently For Sale

1404 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 541 Brookwood Drive, Dawsonville, GA, 30534

$2,200 /mo

  • 3 Beds
  • 2 Baths
541 Brookwood Drive, Dawsonville, GA, 30534

Rentals Near You

Click here to view more rentals in the neighborhood.
GAMLS

Listed by: Mickey Hyams,
Last Updated: 2 years ago
Data Source: GAMLS, MLS# 10257458
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 7409 Oak Ridge Drive built and last sold?
The property at 7409 Oak Ridge Drive was built in 1986 and last sold on Mar 15, 2024 for $360,000.
How much is this home worth?
The estimated value of the home located at 7409 Oak Ridge Drive is $0.
What are some comparable homes to 7409 Oak Ridge Drive?
There are currently no comparable homes to 7409 Oak Ridge Drive.
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