$50,000
$68,000
26.5%For more information regarding the value of a property, please contact us for a free consultation.
2.05 Acres Lot
SOLD DATE : 09/10/2024
Key Details
Sold Price $50,000
Property Type Vacant Land
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Subdivision Ellens Ridge Phase Two
MLS Listing ID 7409416
Sold Date 09/10/24
HOA Fees $350
HOA Y/N Yes
Originating Board First Multiple Listing Service
Annual Tax Amount $1,181
Tax Year 2023
Lot Size 2.050 Acres
Acres 2.05
Property Description
PRICE IMPROVEMENT !!! Discover the perfect canvas for your dream home or investment in the prestigious Ellen's Ridge Phase 2, Fayetteville, GA. This prime 2.051-acre lot, situated in a tranquil cul-de-sac, offers ample space and top-rated schools, with convenient access to shops and rising home values. New construction homes in the area start at $800k to $1.5 million, and this lot is priced $20k below its assessed value, meeting the ideal 10%-15% acquisition model for builders and investors. The property could also possibly be subdivided into two 1 acre lots allowing for 2 homes to be built upon approval. Whether you're a developer seeking a profitable venture or a family looking to build a custom home, this lot provides an unparalleled opportunity. Soil Test, Survey, HOA Covenants and 360 view of cul-de-sac available upon request.
Location
State GA
County Fayette
Zoning R3
Lake Name None
Rooms
Bedroom Description None
Other Rooms None
Exterior
Fence None
Community Features Homeowners Assoc
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Waterfront Description None
View Other
Present Use Other
Street Surface Paved
Porch None
Private Pool false
Building
Lot Description Cul-De-Sac
New Construction No
Schools
Elementary Schools Robert J. Burch
Middle Schools Flat Rock
High Schools Sandy Creek
Others
Senior Community no
Tax ID 090306007
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA 203(k), Other
Listing Terms 1031 Exchange, Cash, Conventional, FHA 203(k), Other
Special Listing Condition None
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