NOT LISTED FOR SALE

5057 Highway 51 S Lula, GA 30554

139 Acres
-- Price per Acre
6,067,908 Sq Ft Lot

Last Sold February 28, 2024

Last sale price $620,000

203 Days on Market

Highlights

  • 139.3 Acre Lot
  • No HOA
  • Pasture

About This Lot

As of February 2024

PROPERTY OVERVIEW The playground you've been looking for! This is an excellent opportunity to own this recreational estate offering hunting and ATV trails. Norton Commercial Acreage Group is proud to present this 139-acre tract providing terrific privacy, yet easy access to the rapidly growing I-985/HWY 365 corridor and metro Atlanta. This beauty is situated in north-western Banks County, only two minutes from the town of Lula and a short 20-minute drive from Gainesville. Great hardwood trees are present throughout the property with a small pasture towards the northeast corner of the site. Zoned AG (Agricultural) in Banks County. Other advantages are the low property taxes in Banks County compared to the nearby Hall County, and the fact that it can be divided easily into mini-estates. Site is convenient to Parks and Wildlife areas. Public water is available; however, site will require individual septic tanks for homes built. The subject property is perfectly suited for a family compound, hunting lodge or dividing into mini-estates, just a short drive from the rapidly growing Gainesville MSA. LOCATION OVERVIEW Located in NW Banks County less than half a mile from the Hall County line, this property is only minutes from Lula and about 3.5 miles from I-985. Site is in the Banks County Elementary, Middle and High School Districts.

Last Listed By

Stephen Lovett

Norton Commercial Acreage Grp License #320687 Listed on: 07/05/2023

Norton Commercial Acreage Grp

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,324

Lot Details

  • 139.3

Schools

  • Banks Co Primary/Elementary School
  • Banks County Middle School
  • Banks County High School

Additional Features

  • 139.3 Acre Lot
  • Pasture

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$5,324

Lot Details

0

Listing Details

  • Property Type: Land
  • Financing Type: Seller Financing
  • Lot Size Acres: 139.30
  • Property Sub-Type: Estate Lot
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 6000

Exterior Features

  • Lot Features: Pasture

Utilities

  • Sewer: None
  • Utilities: Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Schools

  • Elementary School: Banks Co Primary/Elementary
  • High School: Banks County
  • Middle School: Banks County
  • Elementary School: Banks Co Primary/Elementary
  • Middle School: Banks County
  • High School: Banks County

Tax Info

  • Year: 2023
  • Tax Annual Amount: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2024
Sold by
Ccbnb Llc
Bought by
Nickell Cole
Total Days on Market
203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$766,550
Outstanding Balance
$762,642
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 5, 2023
Closed on
Feb 27, 2024
Sold by
North Georgia Growth Fund Llp
Bought by
Ccbnb Llc
Seller's Agent
Stephen Lovett
Norton Commercial Acreage Grp
Buyer's Agent
Matt McCord
Norton Commercial Acreage Grp
List Price
$835,800
Sold Price
$620,000
Premium/Discount to List
-$215,800
-25.82%
Views
134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,000
Interest Rate
6.6%
Mortgage Type
New Conventional

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
Nickell Cole -- --
Ccbnb Llc $620,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nickell Cole $766,550
Previous Owner Ccbnb Llc $465,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2024 02/28/24 Sold $620,000 -25.8% --
01/24/2024 01/24/24 Pending -- -- --
07/31/2023 07/31/23 For Sale $835,800 0.0% --
07/15/2023 07/15/23 Pending -- -- --
07/05/2023 07/05/23 For Sale $835,800 -- --
Source: Georgia MLS

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 $5,324 $270,186 $270,186 $0
2023 $5,324 $219,553 $219,553 $0
2022 $3,424 $162,946 $162,946 $0
2021 $2,580 $115,482 $115,482 $0
2020 $2,752 $120,009 $120,009 $0
2019 $2,765 $120,009 $120,009 $0
2018 $2,811 $120,009 $120,009 $0
2017 $2,405 $98,448 $98,448 $0
2016 $2,475 $98,448 $98,448 $0
2015 $3,995 $98,448 $98,448 $0
2014 $3,995 $169,354 $169,354 $0
2013 -- $169,354 $169,354 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 20132701

Georgia MLS

APN: B07-067