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Rabun
87 Alto Lane
$394,000
● House - Off Market

87 Alto Lane

Rabun Gap, GA 30568
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,519 Ft²
$396,511
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Classic 1960s cabin with gorgeous mountain views located near the entrance to Black Rock State Park! Wood finishes throughout this sneaky big mini-lodge featuring an open kitchen and great room, large covered decks, really nice yard, campfire, and circular drive with all kinds of parking. Sylvan Lake Falls amenities include the best gravel road maintenance ever, common area with scenic gazebo, and a large community lake for fishing. Located within an easy drive to Rabun Gap, Dillard, and Clayton.
Unit Size
1,519 Ft²
Days on Market
-
Land Size
1.06 acres
Price per sqft
$263
Property Type
House
Property Taxes
$192
HOA Dues
$65
Year Built
1966

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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 #10193919)

Price History

Date / Event Date Event Price
Sep 29, 2023 Sold
Premium
Sold
Aug 19, 2023 Listed by ReMax Town & Country of Rabun $399,000
Listed by ReMax Town & Country of Rabun
Oct 7, 2021 No longer available -
No longer available
Sep 1, 2021 Sold
Premium
Sold
Aug 6, 2021 In contract -
In contract
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 2018
  • 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: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 308
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,849
  • Total Building Area: 1,519
  • Gross Building Area: 1,519
  • Building Area: 1,519
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 11
  • Heated Square Feet: 1,519
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001030
  • Standard Land Use Code: 1001
  • County Land Use Code: R3
  • Legal Description 1: LOT 4 & LOT 4A

Neighborhood

  • School District Name: Rabun County School District
  • Census Tract: 970101

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MAP 041A
  • Account Number: 5625
  • District: 2
  • Parcel: 041A 114
  • Lot: 75
  • Municipality: UNINC COUNTY
  • Latitude: 34.9171
  • Longitude: -83.4202

    Address

  • Full Address: 87 Alto Ln
  • Address - House Number: 87
  • Address - Street Name: Alto
  • Address - Suffix Type: Ln
  • State: GA
  • City Name: Rabun Gap
  • Carrier Code: R081
  • 4-Digit Zip Code: 3507
  • Zip Code: 30568

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $245,627

    Appraisal Valuation

  • Standard Deviation: 0.1031
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 90
  • Final Value: 384,726
  • High Value: 424,411
  • Low Value: 345,041

    Market Valuation

  • Market Total Value: $335,500
  • Market Land Value: $67,500
  • Market Improvement Value: $268,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $134,200
  • Assessed Land Value: $27,000
  • Assessed Improvements Value: $107,200

    Sales

  • Current Sale Contract Date: Sep 27, 2023
  • Current Sale Recording Date: Sep 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Sep 01, 2021
  • Previous Sale Contract Date: Sep 01, 2021
  • Previous Sale Amount: $325,000
  • 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:

$449,250

Sale Price/ft²

$264

Below Asking

0.03%

Average Days on Market

94

Average Home Size

2395 ft²

Average Home Age

31.1 years

Currently For Sale

273 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: Jon Barnwell, ReMax Town & Country of Rabun
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10193919
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 87 Alto Lane built and last sold?
The property at 87 Alto Lane was built in 1966 and last sold on Sep 27, 2023 for $394,000.
How much is this home worth?
The estimated value of the home located at 87 Alto Lane is $399,398.
What are some comparable homes to 87 Alto Lane?
There are currently no comparable homes to 87 Alto Lane.
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