Bought with Stephen Lovett • Norton Commercial Acreage Grp
$1,274,000
$1,300,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
946 Navaho TRL Monroe, GA 30655
69.87 Acres Lot
Key Details
Sold Price $1,274,000
Property Type Vacant Land
Sub Type Residential Lot
Listing Status Sold
Purchase Type For Sale
Subdivision Rural Area 4-04000
MLS Listing ID 20095626
Sold Date 12/04/23
HOA Y/N No
Annual Tax Amount $1
Tax Year 2022
Lot Size 69.870 Acres
Property Description
PROPERTY OVERVIEW The Norton Commercial Acreage Group is proud to present this 69.87-Acre site in quaint and family-friendly Walton County, just 5 miles (approximately 10 minutes) from downtown Monroe with its restaurants, shopping, parks, historical sites and much more. This offering includes two parcels totaling 69.87 acres on Navaho Trail, just off Highway 83, with full access in place. Zoned R1 (Suburban/Neighborhood Residential), this site is best suited as a residential development, similar to the developed adjacent neighborhood. All utilities are available, including public water (no sewer). The topography is level and site is completely wooded. There are 2 homes onsite that certainly would have some value as is, but would need significant renovations should a buyer choose to use as a family compound. With an undersupply of new homes in Walton County, this is a great opportunity to forego the zoning process and move straight towards land disturbance permit for 50+ lots - calling all homebuilders and developers! LOCATION OVERVIEW Walton County is located roughly 20 miles east of Atlanta and continues to see home values rise due to its proximity to the Gwinnett County, I-85, and I-20 employment hubs. Monroe is most certainly a seller's market with an undersupply of homes: the average sales price has increased sharply over the last year from November 2021 when the median home sold price was $295,000 as opposed to $380,000 in November 2022 (source: Realtor.com). The beautiful city of Loganville, home to most of the major restaurant and business chains, is just 15 miles to the west and the city of Athens is only 19 miles to the northeast. Nearby is Vines Botanical Garden and Bay Creek Park with a number of great walking trails.
Location
State GA
County Walton
Exterior
Community Features None
Utilities Available Other, Sewer Available, Water Available
Building
Sewer None
Schools
Elementary Schools Harmony
Middle Schools Carver
High Schools Monroe Area
Others
Financing Cash
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