16
Map
792 Lower Dowda Mill Road
About This Property
The land has been professionally mulched and cleared, making it easy to walk and envision your future homesite. Bring your own builder and house plans and get started right away! With no HOA, no covenants, and no restrictions, you'll enjoy the freedom to build the home you've always wanted without unnecessary limitations.
Situated in the desirable Cherokee High School district, these properties offer the perfect balance of privacy and convenience. You'll be just minutes from Interstate 515, providing quick access to shopping, restaurants, medical facilities, and everything North Georgia has to offer. Whether you're looking to build your forever home or invest in a prime piece of Cherokee County land, these ready-to-build tracts are an opportunity you won't want to miss!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2026 | Price Decreased |
$169,900
↓ $30K
(15%) | |
| Price Decreased | |||
| Aug 12, 2026 | Listed by ERA Sunrise Realty | $199,900 | |
| Listed by ERA Sunrise Realty | |||
| Jul 14, 2026 | Sold | ||
| Sold | |||
| Jun 8, 2026 | Listed by Keller Williams Realty Consultants | $95,000 | |
| Listed by Keller Williams Realty Consultants | |||
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Discover the perfect blend of privacy, flexibility, and country charm with Tract 3 - a newly surveyed 2.20-acre lot in beautiful Cherokee County. Featuring multiple potential build sites, this property offers the ideal setting to create your dream home, mini farm, or peaceful weekend retreat. Zoned Agricultural with no HOA and no known restrictions, you'll enjoy the freedom to build and use the property the way you envision. A soil test has already been completed, and the property is currently approved for a 3-bedroom septic system, with testing indicating the potential to accommodate an even larger home. Surrounded by scenic horse farms, stunning wedding venues, and the beauty of country living, this property offers a quiet rural atmosphere while still providing convenient paved road access with minimal traffic. Property lines have been clearly marked, though some portions of the land may be difficult to walk due to natural vegetation growth. Whether you're looking to build now or invest in land for the future, Tract 3 is a rare opportunity to own usable acreage in a highly desirable area of Cherokee County
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017