PRIME DEVELOPMENT OPPORTUNITY- 11.76 Acres of POSSIBILITY (plus potential to add additional acreage). Finally, an exceptional opportunity to own the LARGEST SINGLE PARCEL of land ZONED R20 to be sold in the heart of E. Cobb in recent memory! This one-of-a-kind sprawling 11.759 acre canvas can be subdivided or developed for even more possibilities. As a matter of fact, a lot of the leg work for development has been initiated and lined up for the LDP (LDP not submitted but reach out to agent for extensive due diligence package and details). Even more possibilities to expand acreage to create an even larger subdivision. With adequate sewer and water lines and ease of access to utilities, coupled with a $72 million-dollar high school renovation/replacement project further increasing its long term value, now is the time to capitalize on this rare opportunity to build your dream neighborhood. You can either keep the house as a community clubhouse or sell independently. Currently this already-cleared acreage hosts 5 paddocks and an on-site 220' x 125' irrigated arena with all-weather footing and sound system; along with an 8-stall "show" barn complete with 2 wash racks, tack room, feed room, hay storage, charming pub, office and barn apartment with kitchenette and plenty of space for trailer/equipment. If horses aren't your thing, enjoy endless possibilities by converting the barn into a separate house for multigenerational living; event venue; recreation retreat; warehouse; storage for the car or toy collector in you. Since the house is located toward the very back of the property and its zoned R20, the opportunity to use the rest of the land for your heart's desire is now easier than ever. Located in top-tier E. Cobb schools, 9 miles to Braves stadium, near shopping, dining, entertainment and more, yet offering a sense of freedom and unparalleled privacy, security and seclusion from the bustle of city life without sacrificing location. You must experience this in person, but until then see the epic preview via YouTube and look up: "The Manor at Pen Oak by Winter Baserva"
Property Details
Property Features
Property Information:
Architectural Style: Country, European, Traditional
Year Built: 1986
Listing Office:
Office Name: Atlanta Communities
Office Phone: (678) 463-3173
Listing Agent: Winter Baserva
Interior Features
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 5
Total Bedroom Count: 7
Exterior Features
Exterior Information:
Private Pool: No
Waterfront: None
View: Pool, Trees/Woods, Water
Lot Features
Lot Information:
Lot: Cleared, Farm, Level, Private
Lot Size: 11.76 Acres
Other
Directions Information:
Directions: 75 N to exit 267A (Canton/Hwy 5). Right onto Sandy Plains. Right onto Post Oak Tritt. Right into Vermillion subdivision (Across from Mt. Bethel Christian Academy) to Alston. Right onto Gelding Lane then right on Gelding Ct. You go through the cul-de-sac and then will see the private gate for Pen Oak Farm. Go all the way until the end.
Price Information
Listing Price Info
Price Summary:
List Price: $4,395,000
Tax Information:
Annual Amount: $27,219
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Marietta, GA.
This property is $3.9M more than the Median Sold Price in Marietta, GA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: First Multiple Listing Service
MLS Number: #7389510
Listing Office:
Office Name: Atlanta Communities
Office Phone: (678) 463-3173
Listing Agent: Winter Baserva
Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$22K
Per Month
Principal & Interest
$21.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$13.2K
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Murdock Elementary School
2320 Murdock Rd
Distance between this listing and this school1.01 miles
Public District Grades KG-5
7
/10
Addison Elementary School
3055 Ebenezer Rd
Distance between this listing and this school1.35 miles
Public District Grades KG-5
9
/10
Mountain View Elementary School
3151 Sandy Plains Rd
Distance between this listing and this school1.47 miles
Public District Grades KG-5
Nearby Schools
8
/10
Simpson Middle School
3340 Trickum Rd NE
Distance between this listing and this school1.69 miles
Public District Grades 6-8
9
/10
Dodgen Middle School
1725 Bill Murdock Rd
Distance between this listing and this school2.33 miles
Public District Grades 6-8
9
/10
Hightower Trail Middle School
3905 Post Oak Tritt Rd
Distance between this listing and this school2.48 miles
Public District Grades 6-8
Nearby Schools
6
/10
Sprayberry High School
2525 Sandy Plains Rd
Distance between this listing and this school1.03 miles
Public District Grades 9-12
10
/10
Pope High School
3001 Hembree Rd NE
Distance between this listing and this school1.90 miles
Public District Grades 9-12
9
/10
Lassiter High School
2601 Shallowford Rd
Distance between this listing and this school2.38 miles
The neighbors living near this home have an average income of $89,368. The most common annual income of people living in Marietta, GA is between $35k-100k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Living In Marietta, GA
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
What type of housing is available in Marietta, GA?
The housing landscape in Marietta is diverse, offering a mix of single-family homes, apartments, and townhouses to accommodate a range of preferences and needs. Architectural styles vary, with a prevalence of traditional and colonial homes that reflect the area's rich history, alongside modern constructions that cater to contemporary tastes. The majority of homes were built during a development boom in the late 20th century, with a homeownership rate that is reflective of a community invested in long-term residency.
Is Marietta, GA a good place to live?
Marietta prides itself on a vibrant community spirit, with a historic town square that serves as the heart of cultural activities and events. The area is celebrated for its annual festivals, including the Taste of Marietta and the Art Walk, which showcase local cuisine and artistry. The community's character is further defined by its well-preserved historical sites and the active engagement of its residents in local affairs and initiatives.
Are things conveniently located in Marietta, GA?
Residents of Marietta benefit from a robust selection of services, including a network of public and private schools that cater to educational needs at all levels. The area is served by numerous healthcare facilities, offering a range of medical services to ensure community well-being. Public libraries are available for educational and recreational purposes, and the city's retail and dining establishments reflect the local culture, with an emphasis on Southern hospitality and cuisine.
What does the transportation in Marietta, GA look like?
Marietta's transport infrastructure supports both private and public transit options, with a focus on connectivity and accessibility. The area features a network of roads and highways that facilitate commuting to Atlanta and other nearby cities. Public transportation services are available, providing residents with alternatives to private vehicle use. The community also places an emphasis on walkability, particularly in the downtown area, and has made efforts to improve bikeability through the development of bike lanes and trails.
Frequently Asked Questions About 2585 Gelding Ct NE
What is the listing price of this property?
The listing price of 2585 Gelding Ct NE property is $4,395,000.
What type of property is this?
The property 2585 Gelding Ct NE is land located in Marietta, Georgia, 30062.
Is this property for sale now?
Active Listing: 2585 Gelding Ct NE 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 2020 is $27,219 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on April 17, 2017 for $2,066,700. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 2585 Gelding Ct NE in Marietta, GA and zip code 30062. This home, which was built in 1986, sits on a 11.76 acre lot. Features: 7 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since May 20, 2024 and is currently priced at $4,395,000.
Marietta, GA housing market in October 2024 saw over 48 listings sold above listed price, more than 78 sold at listed price and over 164 sold below. The number of listings in Marietta, GA increased by 9.8% between September 2024 and October 2024. In October 2024, listings were on the market for 39 days. During the same period, the median list price in this real estate market was $474,184.
From Rocket Homes Real Estate and based on county public records data.