NOT LISTED FOR SALE

274 Madola Rd Blue Ridge, GA 30513

Estimated Value: $190,000 - $301,000

-- Bed
-- Bath
-- Sq Ft
1991 Built

Last Sold October 07, 2022

Last sale price $337,500

Est. 24% decrease in value since last sale

Current estimated payment $1,366/month

46 Days on Market

Highlights

  • No HOA
  • Vinyl Flooring
  • Heating Available
  • Cooling Available

About This Home

As of October 2022

Income generating opportunity in the heart of Fannin County. This property has 4 units , 2 Double Wide and 2 Single Wide Manufactured,fully occupied with a long waiting list. Units have been updated and remodeled within the past 3 years . Current gross income is $39,600 . Landlord pays $1200 annual lawn care and $1200 annual garbage pickup - all other costs are tenant expenses. This is a rare opportunity to have a positive return on investment immediately after closing. Property has easy access from both Madola Rd as well as Wash Wilson Rd. Located in a peaceful residential neighborhood convenient to both Blue Ridge and McCaysville. Each unit has public water. Appointment required to view the interior. Call listing agent Rental 1 - $925 Rental 2 - $700 Rental 3- $925 Rental 4- $750

Last Agent to Sell the Property

Jody Nicholson

Nicholson Real Estate Brokerage Phone: 4235482522 Listed on: 08/14/2022

Last Buyer's Agent

Jacqueline Burkhalter

HomeSmart License #400582

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $159

Year Built

  • Built in 1991

Home Design

  • Metal Roof

Flooring

  • Vinyl Flooring

Parking

  • Driveway
  • Open Parking

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 0059 B 069

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$159

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1991
  • Property Sub Type: Multi Family
  • Carport Y N: No
  • Garage Yn: No
  • Attribution Contact: 4235482522
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Vinyl

Exterior Features

  • Roof: Metal
  • View: No
  • Waterfront: No

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Driveway

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Electric
  • Sewer: Septic Tank
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Lot Info

  • Zoning: R
  • Parcel #: 0059 B 069

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 14, 2025
Sold by
The Burkhalter Ranch Corp
Bought by
Flores Juan A Lima and Lima Juan A
Current Estimated Value
$255,333

Purchase Details

Listed on
Aug 14, 2022
Closed on
Oct 6, 2022
Sold by
Gagliano Natalie
Bought by
Burkhalter Ranch Corp
Seller's Agent
Jody Nicholson
Nicholson Real Estate
Buyer's Agent
Jacqueline Burkhalter
HomeSmart
List Price
$349,900
Sold Price
$337,500
Premium/Discount to List
-$12,400
-3.54%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.91%

Purchase Details

Closed on
May 1, 2019
Sold by
White Carolyn F
Bought by
Atlanta Deferred Exchange Inc

Purchase Details

Closed on
Feb 8, 2008
Sold by
Godfrey J Marty
Bought by
Buchanan Investment Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,942
Interest Rate
5.85%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Flores Juan A Lima $295,000 --
Burkhalter Ranch Corp $337,500 --
Atlanta Deferred Exchange Inc $120,000 --
Buchanan Investment Properties $236,250 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Buchanan Investment Properties $192,942
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2022 10/20/22 Off Market $337,500 -- --
10/07/2022 10/07/22 Sold $337,500 -3.5% --
09/30/2022 09/30/22 Pending -- -- --
08/14/2022 08/14/22 For Sale $349,900 -- --
Source: Northeast Georgia Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $159 $17,388 $12,588 $4,800
2023 $177 $17,388 $12,588 $4,800
2022 $187 $18,333 $12,588 $5,745
2021 $260 $18,528 $12,588 $5,940
2020 $264 $18,528 $12,588 $5,940
2019 $269 $18,528 $12,588 $5,940
2018 $188 $12,191 $6,251 $5,940
2017 $248 $14,027 $6,251 $7,776
2016 $106 $6,251 $6,251 $0
2015 -- $6,251 $6,251 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jody Nicholson

    Nicholson Real Estate

    Section Image
  • Jacqueline Burkhalter

    Buyer's Agent in 2022

    Jacqueline Burkhalter

    HomeSmart

    (770) 710-9771

    3 in this area

    30 Total Sales

    Jacqueline Burkhalter
    Section Image
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Map

Source: Northeast Georgia Board of REALTORS®

MLS Number: 319063

Northeast Georgia Board of REALTORS®

APN: 0059-B-069

Georgia Fannin County Blue Ridge 30513

274 Madola Rd, Blue Ridge, GA

This home is located at 274 Madola Rd, Blue Ridge, GA 30513 since 14 August 2022 and is currently estimated at $255,333. This property was built in 1991. 274 Madola Rd is a home located in Fannin County with nearby schools including Fannin County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northeast Georgia Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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