Score
0Dahlonega, GA
429 Stoneybrook Dr
355K
3 beds
3 baths
1,877 sqft
3 bd • 3 ba • 1,877 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$354,990
Price/Sq.Ft
$189
Year Built
2024
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 429 Stoneybrook Dr offers several attractive features. As a new construction (built in 2024), it provides modern amenities and likely requires minimal immediate maintenance. At $189.13/sqft, it's priced competitively compared to the median price of $210/sqft for similar properties in Dahlonega. The 1,877 sqft layout is spacious, offering 25% more living area than the average 1,500 sqft for comparable townhomes. The property includes desirable features such as a 2-car garage, high ceilings, and a smart home system, which can increase its appeal and value. The Mountain Park community amenities, including a clubhouse, fitness center, and future pool, add to the property's attractiveness. Its location near South Chestatee Street provides easy access to Dahlonega's attractions, potentially boosting its long-term value.
The Bad
While the property has many positives, there are some potential drawbacks. The price history shows a 4.8% decrease since July 2024, which could indicate a softening market or overpricing. With 35 days on the market, it's slightly above the area average of 30 days, suggesting possible reduced demand. The townhouse style may limit privacy compared to single-family homes. The local schools have mixed ratings (5/10 for elementary and middle, 8/10 for high school), which could impact resale value. The median income in Dahlonega ($63,571) is relatively low compared to the property price, potentially limiting the buyer pool.
The Ugly
The most concerning aspects of this property include potential market volatility in Dahlonega's real estate sector. The recent price reductions (1.4% in January 2025 and 3.5% in December 2024) may indicate a cooling market, which could affect future appreciation. The townhouse's location in a tourist area might lead to increased short-term rentals nearby, potentially impacting the community's stability. The rural character of Dahlonega means limited job opportunities and longer commutes to major cities, which could affect long-term demand. The area's susceptibility to severe weather events (tornadoes, ice storms) and potential for wildfires due to the mountainous terrain pose additional risks that could impact insurance costs and property value.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for buyers with a household income of at least $110,000 (based on a 28% front-end DTI ratio for a mortgage payment of approximately $2,560/month including taxes and insurance). It's ideal for small families or couples who appreciate modern amenities and community features. The property would appeal to those who enjoy outdoor activities and wine enthusiasts, given Dahlonega's reputation as the Heart of Georgia Wine Country. Investors looking for short-term rental opportunities in a tourist-friendly area might also find this property attractive, with potential rental income of around $2,300/month for a 3-bedroom unit.
Not For
This property is not suitable for buyers seeking a fully detached single-family home or those requiring more than 3 bedrooms. It's not ideal for individuals with a household income below $110,000 due to potential affordability issues. Buyers looking for established neighborhoods with mature landscaping may find the new construction community less appealing. Those prioritizing top-rated schools for all grade levels might be disappointed with the elementary and middle school ratings. Lastly, it's not suitable for those seeking a quiet, non-touristy area or buyers uncomfortable with the potential risks associated with mountain living (e.g., wildfires, severe weather).
Demographics
Area Median Income
$63,571
Property History
Price History
Ownership Timeline
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
5.0/10
AverageMiddle
5.0/10
AverageHigh
8.0/10
ExcellentFinancials
Monthly Costs
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$354,990
Price/sqft
$189
Layout
3 bd•3 ba
Days on market
35 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$353,990
0.3%
Your price is 0.3% above average
Median Price
$359,990
1.4%
Based on 6 recent sales
Price per Sq.Ft
$189
0.1%
Your price is 0.1% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 413 Stoneybrook Drive, Dahlonega, GA 30533 | $359,990 | 1,877 | 3 | 3 | $1921.4% | 10/24/2024 |
| 389 Stoneybrook Drive, Dahlonega, GA 30533 | $345,990 | 1,877 | 3 | 3 | $1842.5% | 10/10/2024 |
| 463 Stoneybrook Drive, Dahlonega, GA 30533 | $365,990 | 1,877 | 3 | 3 | $1953.1% | 9/4/2024 |
| 463 Stoneybrook Drive, Dahlonega, GA 30533 | $365,990 | 1,877 | 3 | 3 | $1953.1% | 9/4/2024 |
| 487 Stoneybrook Drive, Dahlonega, GA 30533 | $342,990 | 1,877 | 3 | 3 | $1833.4% | 9/4/2024 |
| 495 Stoneybrook Drive, Dahlonega, GA 30533 | $342,990 | 1,877 | 3 | 3 | $1833.4% | 9/4/2024 |
413 Stoneybrook Drive, Dahlonega, GA 30533
Price: $359,990
Sq.Ft: 1,877
Beds/Baths: 3/3
$/Sq.Ft:
$1921.4%
Sale Date: 10/24/2024
389 Stoneybrook Drive, Dahlonega, GA 30533
Price: $345,990
Sq.Ft: 1,877
Beds/Baths: 3/3
$/Sq.Ft:
$1842.5%
Sale Date: 10/10/2024
463 Stoneybrook Drive, Dahlonega, GA 30533
Price: $365,990
Sq.Ft: 1,877
Beds/Baths: 3/3
$/Sq.Ft:
$1953.1%
Sale Date: 9/4/2024
463 Stoneybrook Drive, Dahlonega, GA 30533
Price: $365,990
Sq.Ft: 1,877
Beds/Baths: 3/3
$/Sq.Ft:
$1953.1%
Sale Date: 9/4/2024
487 Stoneybrook Drive, Dahlonega, GA 30533
Price: $342,990
Sq.Ft: 1,877
Beds/Baths: 3/3
$/Sq.Ft:
$1833.4%
Sale Date: 9/4/2024
495 Stoneybrook Drive, Dahlonega, GA 30533
Price: $342,990
Sq.Ft: 1,877
Beds/Baths: 3/3
$/Sq.Ft:
$1833.4%
Sale Date: 9/4/2024
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