Sold
Last Sold Price
$295,000

270 Madola Rd, Blue Ridge, GA 30513

Description

Discover an exceptional investment opportunity in the heart of Blue Ridge, GA! This 3-unit property features three well-maintained mobile homes, perfectly situated on 1.72 acres in the picturesque North Georgia mountains. This property offers significant upside potential with rents currently under market rate. Investors can capitalize on this opportunity by adjusting rents to reflect the growing demand for affordable workforce housing in Blue Ridge. Set in a thriving area surrounded by the natural...Discover an exceptional investment opportunity in the heart of Blue Ridge, GA! This 3-unit property features three well-maintained mobile homes, perfectly situated on 1.72 acres in the picturesque North Georgia mountains. This property offers significant upside potential with rents currently under market rate. Investors can capitalize on this opportunity by adjusting rents to reflect the growing demand for affordable workforce housing in Blue Ridge. Set in a thriving area surrounded by the natural beauty of the North Georgia mountains, this property appeals to a dependable and growing tenant base, providing stability and long-term investment potential. Don't miss out on this rare opportunity to secure a high-performing, low-maintenance investment in a rapidly growing market. Contact us today for more details and to schedule a tour.
Multi FamilyProperty Type
1.72 acresLot Size
1992Year Built
8 carsParking Spaces
  • Listed by: Gary Mills • Harry Norman Realtors
Listing closed: 03/14/2025 04:00 AM
Source: GAMLS, MLS#: 10452341
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Recent comparable sales

Median sold price

$175,000

Avg days on market

169

Sale-to-list ratio

87.7%

Blue Ridge, GA

9 comparable properties found

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$65,000 | Lot 1-2 Timberlake Road, Blue Ridge, GA 30513
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Sold 01/07/25

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a view of a city and mountain view
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Sold 02/10/25

Unavailable
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Bathrooms
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Square Feet
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$175,000 | Lt 20 Haven Way, Blue Ridge, GA 30513
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Sold 02/10/25

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Square Feet
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Location

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$1,600 per month

Principal and Interest

$1,575

Property Taxes

$25

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Property information

270 Madola Road

Property Details

  • Taxes: $300 / year
  • MLS Type: Residential Income / Other
  • County: Fannin County
  • Subdivision: None
  • Fees Include: None
  • Parking: Parking Pad

Building Information

  • Stories: 1
  • Residences: 3
  • Year Built: 1992
  • Lot Size: 1.72 AC / 74,923 SF

Summary

Location and General Information

  • District: 8
  • Elementary School: Blue Ridge
  • ES Bus: Yes
  • High School: Fannin County
  • High School Bus: Yes
  • Middle School: Fannin County
  • Middle School Bus: Yes
  • Amenities: Street Lights, Walk To Schools
  • Directions: From McDonalds on Hwy 76 in Blue Ridge, go north on Hwy 5/Blue Ridge Drive for 7 miles, turn left onto Old Hwy 5/Old State Hwy 5, then a quick right on Madola Rd. Go 0.3 miles to property.

Taxes and HOA

  • Association: No
  • Parcel Number: 0059 B 069

Owner

  • Owner Pays: Other

Parking

  • Parking Total: 8

Interior and Exterior Features

Interior Features

  • Total Fireplaces: 0
  • Laundry Features: None
  • Basement Description: Crawl Space

Property

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Heating Type: Central, Electric, Other
  • Water/Sewer: Septic Tank
  • Utilities: Electricity Individual Meters, Other, Water Individual Meters
  • Water Source: Public

Property and Assessments

  • Tax Year: 2024
  • Unit: 0
  • Construction: Other, Steel Siding
  • Stories: One
  • Deed Page: 41
  • Plat Page: 2
  • Property Condition: Resale
  • Deed Book: 1528
  • Plat Book: E-335

Lot Information

  • Land Lot: 105
  • Section: 2
  • Structure: Other, Triplex

Multi Family

Multi-Family Information

  • Number Of Units Total: 3
  • Fuel Expense: $.00
  • Annual Gross Income: $25,800.00
  • Annual Operating Expense: $1,800.00
  • Annual Maintenance Expense: $300.00
  • Insurance Expense: $1,200.00
  • Water Sewer Expense: $.00
  • Electric Expense: $.00

Unit 1

  • Unit Type Description: Unit 2
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Actual Rent: $1,000.00
  • Unit Type Living Area: 1248
  • Unit Type Features: Dishwasher, Other, Range/Oven, Refrigerator, Smoke/Fire Alarm

Property History

270 Madola Road

DateEventPrice
Mar 14, 2025

Sold (Public Record)

Public Record #1556550326

$295,000
Oct 6, 2022

Sold (Public Record)

Public Record #1500011461

$337,500
May 1, 2019

Sold (Public Record)

Public Record #1314781009

$120,000
DateEventPrice
03/14/2025

Sold (Public Record)

Public Record #1556550326

$295,000

-5.4% / yr

10/06/2022

Sold (Public Record)

Public Record #1500011461

$337,500

+35.1% / yr

05/01/2019

Sold (Public Record)

Public Record #1314781009

$120,000

-5.9% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

270 Madola Road

Beds

0

Lot Size

74,923 SqFt

Style

Single Family Residence

Zoning

RURAL

County

FANNIN

APN

0059 B 069

Schools

Near 270 Madola Road

This home is within Fannin County School District.

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 270 Madola Road, Blue Ridge, GA 30513
$295,000
–
–
–
74,923
–
–
2
1,812
27,443
–
–
1
2,052
148,104
$100,000
2
935
23,958
–
–
1
–
–
–
–
1
1,176
117,612

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Harry Norman Realtors, Gary Mills

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS, Tiftarea Board of Realtors.Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS, Tiftarea Board of Realtors is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.