11 months on rocket

588 Shelnut Rd, Locust Grove, GA, 30248

$2,449,999

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths
2,200 SqFt
$1,114/SqFt
House
Schools Nearby

Location

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588 Shelnut Rd, Locust Grove$2,449,999

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

ParkingCarport, RV/Boat Parking, Off Street
Year Built1980
HeatingWood, Electric, Central, Other
CoolingCeiling Fan(s), Central Air
WaterfrontDock Rights, Lake Privileges, Lake Front
FireplaceWood Burning Stove
ViewSeasonal View, Lake
MLS #20121002
Lot Size51.77 Acres
StatusActive

About 588 Shelnut Rd

Quiet, private, and pristine revenue generating equestrian estate/farm on almost 52 acres features three (3) contiguous parcels containing three (3) revenue generating homes. The main property (588) features a 2,200 SF three bedroom, 2 bath log lodge which overlooks the private lake. Every window at the back of the Lodge has a unique and spectacular view of the water. The main bedroom features a spectacular en suite bathroom, spacious walk-in closet, and private 2 nd floor balcony overlooking the lake. The post-and-beam construction covered back porch affords shaded and relaxing views of the lake, pastures, and fire pit. The Lodge's fire pit deck is 20' by 20' with seating for 20 and features a masonry fire pit with open fire articulating grill grate and smoke hooks. The Lodge property contains a professionally constructed 4-bay firing range with covered firing points, a 12'x12' elevated and enclosed blind for hunting or target practice, 100, 200 and 300+ yard shooting benches and manicured food plots. The entire property is accessed by over 2 miles of interior roads. Trophy deer and hog hunting take place on this property, and private dove shoots are possible. The lake is well stocked with bass, bream and catfish and numerous bass over 10 lbs. have been caught (and released) over the past 15 years of ownership by the current owners. The Lodge property also contains a large metal storage building on a concrete slab, and a spacious post-and-beam construction pole barn with 2 nd floor hayloft. The pole barn is a perfect candidate for additional lake-view living quarters. The Lodge property is used as a short-term rental (Airbnb, VRBO, direct book), wedding venue, and weekend/vacation home by the current owners when not rented. Short-term rental revenues are significant and will service $1 million or more of debt. This property is under an active conservation easement which minimizes the annual tax liability. The middle home (602) is a classic early 1900's farmhouse that has seen various stages of renovation, and features high ceilings, heart pine floors, and authentic shiplap walls. It is a long-term rental on a fresh 2-year lease with fantastic tenants who have lived on the farm for 4 years. The "Cottage" (624) has been completely and professionally renovated and is also a long- term rental on an annual lease by fantastic tenants who are in their 2 nd year living on the farm. The pastures are well maintained and currently occupied by a half-dozen "brood mare" quarter horses. The nearest non-farm "neighbor" is over a mile away. There's plenty of room for an estate sized home on the farm so that the new owners can have their cake and eat it too with a property that generates a significant amount of revenues to apply toward a potential mortgage. The farm currently generates approximately $7,000 per month on average but there are banner months where the revenues are significantly higher. Leases transfer with ownership as does the 5-star short-term rental business. Bookings already extend into 2024. All the possibilities are here! Come, make this your oasis! Additional pics available upon request along with AirBNB listings for full info! Convenient to I-75, shopping, restaurants, & schools. DO NOT APPROACH PROPERTIES W/O CONFIRMATION OF APPT!? 588 - 3 beds, 2 bath, 2,200 Square Feet 602 - 2 beds, 1 bath, 875 Square Feet 624 - 2 beds, 1 bath, 850 Square Feet Shelnut Rd (624) = 5.3 acres, (602)? = 3.7 acres, (588) = 42.77 acres

Property Details

Property Features

Property Information:

  • Architectural Style: Country/Rustic
  • Year Built: 1980
  • Living Area: 2,200 SqFt

Listing Office:

  • Office Name: Crye-Leike, Realtors
  • Listing Agent: Kelly DeRosa

Interior Features

Interior Information:

  • Appliances: Electric Water Heater, Dishwasher, Oven/Range, Refrigerator
  • Basement: No
  • Flooring Type: Hardwood, Tile
  • Interior: Bookcases, High Ceilings, Beamed Ceilings, Rear Stairs, Tile Bath
  • Fireplace: Wood Burning Stove

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Dock Rights, Lake Privileges, Lake Front
  • View: Seasonal View, Lake
  • Exterior: Garden, Other, Dock

Parking Information:

  • Attached Garage: No
  • Parking: Carport, RV/Boat Parking, Off Street

Lot Features

Lot Information:

  • Lot: Level, Private, Sloped, Pasture
  • Lot Size: 51.77 Acres

Utilities

Utilities Information:

  • Heating: Wood, Electric, Central, Other
  • Cooling: Ceiling Fan(s), Central Air

School Info

Assigned Schools Information:

  • Jackson High School, Public District Grades 9-12
  • Henderson Middle School, Public District Grades 6-8
  • Hampton L. Daughtry Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From Atlanta I-75 S, exit at Jackson Exit. Hwy 16 West to left on Dean Patrick, turn right at Shelnut Rd. Property on the left starting at #624, then 602 and then 588 parcels.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,449,999
  • Price Per SqFt: $1,114/SqFt

Tax Information:

  • Annual Amount: $1,941
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Locust Grove, GA.

Med. Sold Price

$350K

Med. Price/SqFt

$154

Avg. Days On Market

38

# of Sold Homes

59

588 Shelnut Rd vs Locust Grove

344 DAYS ON ROCKET

+306 Days

$2,449,999

+$2.0M More

$1,114/SqFt

+$960 More

KEY TAKEAWAY

This property is $2.0M more than the Median Sold Price and $960/SqFt more than other homes in Locust Grove, GA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Georgia MLS 2
  • MLS Number: #20121002

Listing Office:

  • Office Name: Crye-Leike, Realtors
  • Listing Agent: Kelly DeRosa

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: 4/27/2024, 4:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 29, 2008Home Sold
$975,000
May 28, 2008Home Sold
$975,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,941$128,506
2019$1,477$115,068
2017$1,278$106,196

History based on county public records data.

Payment Calculator

$12.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,412

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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.

Elementary School

school-card-donut-1390691
4
/10
  • Hampton L. Daughtry Elementary School

  • 150 Shiloh Rd

  • 2.57 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1390692
3
/10
  • Henderson Middle School

  • 494 George Tate Dr

  • 4.99 miles

  • Public District Grades 6-8

High School

school-card-donut-1390693
5
/10
  • Jackson High School

  • 717 S Harkness St

  • 4.65 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,786. The majority of Locust Grove, GA residents have income between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 588 Shelnut Rd

What is the listing price of this property?

The listing price of 588 Shelnut Rd property is $2,449,999.

What type of property is this?

The property 588 Shelnut Rd is a house located in Locust Grove, Georgia, 30248.

Is this property for sale now?

Active Listing: 588 Shelnut Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 588 Shelnut Rd are:
Hampton L. Daughtry Elementary School: GreatSchools Rating 4/10
Henderson Middle School: GreatSchools Rating 3/10
Jackson High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,941 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 29, 2008 for $975,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 588 Shelnut Rd has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 588 Shelnut Rd is 2,200 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 588 Shelnut Rd is 1980.

Rocket HomesGeorgiaButts CountyLocust Grove30248588 Shelnut Rd

This home is located at 588 Shelnut Rd in Locust Grove, GA and zip code 30248. This 2,200 square foot home, which was built in 1980, sits on a 51.77 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 19, 2023 and is currently priced at $2,449,999.

While more than 13 listings in Locust Grove, GA in March 2024 were sold above asking price, there were more than 20 listings sold at asking price, and more than 19 were sold below. Between February 2024 and March 2024, Locust Grove, GA real estate market has seen increase in the number of listings by 14.4%. The median list price of listings available in March 2024 was $350,000, while the average time on the real estate market was 38 days.

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

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