Listing Courtesy of: Monica Crenshaw, Keller Williams Lanier Partners
$26,000
●
Land -
Off Market
7923 Pea Ridge Road
Lula, GA 30554
Studio
0 Bath
$45,231
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model
About This Property
Bordered on 2 sides by spring-fed creek,the entrance to this
magical forest is on an old road bed that lines the path w/stately
hardwoods & Ponderosa Pines.Back side of propety has an island
where the creek forks & a place to camp or have fire pit in level
ground.Stick build homes only.No HOA restrictions.Perc test
complete.Few minute drive from new Kubota plant & Hwy 441.Close to
state park w/boat ramp.Within walking distance to the Chattahoochee
River. Tub & Fish.Native white bass spawn here each Spring.Close to
865/365 corridor.
Unit Size
-
Days on Market
-
Land Size
2.74 acres
Price per sqft
-
Property Type
Land
Property Taxes
$30
HOA Dues
-
Year Built
-
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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: 3 years ago (FMLS #5977360)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 15, 2022 | Sold | ||
| Sold | |||
| Jan 6, 2022 | Listed by Berkshire Hathaway HomeServices Georgia Properties | $58,999 | |
| Listed by Berkshire Hathaway HomeServices Georgia Properties | |||
| | |||
|
A rare find- 2.51 acres with two streams. House site sits within earshot of a small waterfall. Driveway cut in with gravel. Approx. 215 feet of road frontage. Great building lot in a convenient location, close by to gas stations and neighboring dollar stores. Two miles to a boat ramp on lake lanier; close to both Gainesville and Cornelia; approx. an hour - hour and a half of Athens, Atlanta, or Highlands NC. The perfect place for quiet country living with easy access to mountains and the city. Four miles off of 985/365. Bring your dream house plan and call this perfect lot home! Motivated seller!
| |||
| Oct 15, 2021 | Listed by Keller Williams Lanier Partners | $58,999 | |
| Listed by Keller Williams Lanier Partners | |||
| May 5, 2020 | No longer available | - | |
| No longer available | |||
| Apr 7, 2020 | Price Decreased |
$30,000
↓ $30K
(50%) | |
| Price Decreased | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Listed by: Monica Crenshaw, Keller Williams Lanier Partners
Last Updated: 3 years ago
Data Source: FMLS, MLS# 5977360
Last Updated: 3 years ago
Data Source: FMLS, MLS# 5977360
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