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167 E Lake Rd, Mcdonough, GA, 30252

$3,300,000

22.77 Acres
Land

Location

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Property Highlights

Home TypeResidential Lot
MLS #10388837
Lot Size22.77 Acres
StatusActive

About 167 E Lake Rd

PROPERTY OVERVIEW The Norton Commercial Acreage Group is proud to present for sale this 22.77-acre tract in the heart of a developing commercial node within easy walking distance of the best rated Henry County schools. At a busy intersection roughly 1 mile east of the Stockbridge city limits and less than 2 miles north of the McDonough city limits in unincorporated Henry County, the property is currently zoned RA (Residential Agricultural); however, it is well-situated for medium to high density residential or commercial development. Currently, site is surrounded by both commercial and public/institutional uses. All utilities are available with access to both public water and sewer with multiple sewer manholes on the property. Site has mostly level topography with roughly 4.3 acres of flood plain including a beautiful +/- 2.5-acre pond on the southwestern corner of the property which would make a great feature in a residential development. CALLING ALL DEVELOPERS! The positioning of this site is ideal for development with great proximity to existing utilities, schools and commercial development. LOCATION OVERVIEW Just 15 miles southeast from the 285 Atlanta Perimeter and about 22 miles from Downtown Atlanta, this commercial intersection between Hwy 155 and East Lake Road is mostly built out with the subject property being located on the last remaining undeveloped quadrant. The property is walkable to the new Kroger that is under construction (expected to open in 2024), Chick-l-A and other new retail and dining options. Located within the East Lake ES, Union Grove MS and Union Grove HS school districts.

Property Details

Property Features

Listing Office:

  • Office Name: Norton Commercial Acreage Grp
  • Listing Agent: Stephen Lovett

Lot Features

Lot Information:

  • Lot: City Lot, Level, Other
  • Lot Size: 22.77 Acres

Other

Directions Information:

  • Directions: From Metro Atlanta, I-75 S towards Stockbridge. Use the right 2 lanes to take exit 224 toward Hudson Bridge Rd. Use the left 3 lanes to turn left onto Hudson Bridge Rd (signs for Rock Quarry Road/Eagles Landing Pkwy). Continue onto Eagles Landing Pkwy. Continue onto E Lake Pkwy. Pass by McDonald's (on the right in 3.4 mi). Continue onto E Lake Rd. Make a U-turn at Bryans Dr and site will be on your right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,300,000

Tax Information:

  • Annual Amount: $3,047
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in McDonough, GA.

Med. Sold Price

$361.4K

Med. Price/SqFt

$155

Avg. Days On Market

55

# of Sold Homes

122

167 E Lake Rd vs McDonough

48 DAYS ON ROCKET

-7 Days

$3,300,000

+$2.9M More

KEY TAKEAWAY

This property is $2.9M more than the Median Sold Price in McDonough, GA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Georgia MLS 2
  • MLS Number: #10388837

Listing Office:

  • Office Name: Norton Commercial Acreage Grp
  • Listing Agent: Stephen Lovett

IDX Based on information from the Georgia MLS © 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 5:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,047$78,400
2020$2,843$73,080
2019$2,712$69,680
2018$2,397$61,440

History based on county public records data.

Payment Calculator

$16.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$9,960

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-195040
6
/10
  • East Lake Elementary School

  • 199 E Lake Rd

  • 0.17 miles

  • Public District Grades KG-5

school-card-donut-195041
4
/10
  • Hickory Flat Elementary School

  • 841 Brannan Rd

  • 1.94 miles

  • Public District Grades KG-5

school-card-donut-195042
4
/10
  • Pleasant Grove Elementary School

  • 150 Reagan Rd

  • 2.87 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $101,042. The most common annual income of people living in McDonough, GA is between $100k-200k. Most families are married, with kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 167 E Lake Rd

What is the listing price of this property?

The listing price of 167 E Lake Rd property is $3,300,000.

What type of property is this?

The property 167 E Lake Rd is land located in Mcdonough, Georgia, 30252.

Is this property for sale now?

Active Listing: 167 E Lake Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,047 (source: MLS/based on county public records data).

How much acreage is this property?

The property 167 E Lake Rd is 22.77 acres.
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Rocket HomesGeorgiaHenry CountyMcDonough30252167 E Lake Rd

This home is located at 167 E Lake Rd in Mcdonough, GA and zip code 30252. This home sits on a 22.77 acre lot. It has been listed on Rocket Homes since October 03, 2024 and is currently priced at $3,300,000.

In October 2024, from all listings sold in McDonough, GA there were more than 18 sold above asking price, over 57 sold below and more than 32 were sold right at the asked price. In October 2024 in McDonough, GA there were 21% more homes for sale than in September 2024. Listings spent 55 days on the market in October 2024, and had a median list price of $361,400 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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