c.1920 5 BR 2 Bath Traditional Georgia Home W In-Ground Pool Under $180K

Investor Opportunity! Spacious 5-bedroom, 3-bath home on a 0.33-acre lot located just minutes from downtown. Home needs remodeling and is being sold as-is. Cash offers only. Great opportunity for investors or buyers looking to restore this property’s charm and create their vision.

Pros

• Exceptional Housing Affordability: The median home value in Elberton ranges from $115,000 to $220,000, significantly lower than both state and national averages, making homeownership broadly accessible.

• Low Overall Cost of Living: Daily expenses—including groceries, utilities, and services—are well below the national average.

• Access to Outdoor Recreation: Elberton sits just west of Lake Hartwell and Richard B. Russell Lake, offering easy access to boating, fishing, camping, and water sports at Bobby Brown Park and Elijah Clark State Park.

• Proximity to Athens: Located roughly 35 miles (a ~40-minute drive) east of Athens, residents can easily access the dining, culture, healthcare, and collegiate sports of the University of Georgia metro area.

• Tight-Knit Small-Town Pace: Life is slow-paced with minimal traffic, low noise levels, and a strong sense of community typical of rural southern towns.

Cons

• Limited Economic Opportunities: The local economy relies heavily on industrial granite manufacturing, construction, and agricultural processing. Specialized, corporate, or high-paying local career options are sparse, and the median household income remains below state benchmarks.

• Minimal Dining & Entertainment: Nightlife and cultural venues are virtually non-existent in town beyond a few local diners and fast-food options, requiring drives to Athens or Anderson, SC for variety.

• Sustained Economic & Healthcare Challenges: Elberton faces a higher-than-average poverty rate (~24%), and local healthcare options are limited, often requiring travel for specialized medical care.

• Car Dependency: A personal vehicle is required for virtually all daily errands, commuting, and reaching major retail centers.

• Hot, Humid Summers: Summers are long, hot, and humid, with high temperatures consistently in the 90s throughout July and August.