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Active182 days listed

5230 Panola Mill Drive, Lithonia, GA 30038

  • 4bd
  • 3ba
  • 2,950SF
  • 0.21ac lot

Single-family homePanola Mill

List price

$299,999

$102/SF list

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FMLS IDXFMLS #7761210 · Listing Provided By Desired Properties, LLC. · 678-431-8316 · Listing agent John Richardson

Location

5230 Panola Mill Drive, Lithonia GA 30038

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About this home

**INVESTOR SPECIAL** Incredible opportunity in a well-established and evolving area of Lithonia. This home features a highly desirable floor plan consistent with recently renovated properties nearby, offering strong upside potential. Conveniently located near I-20 and I-285, the area continues to benefit from ongoing infrastructure improvements and expanding connectivity, contributing to long-term growth and increasing demand. While the property requires renovation and does not include a basement, it offers a spacious layout and solid structure ready for transformation. A great opportunity to customize, build equity, and maximize value. Ideal for investors, flippers, or buyers looking to create their own vision in a growing area.

How this list price compares in Lithonia

Figures are list prices from current FMLS IDX inventory (Active, Active Under Contract and Pending), not sales prices or appraisals.

Home facts

Property type
Single-family home
Status
Active
Bedrooms
4
Full baths
2
Half baths
1
Living area
2,950 SF
Lot size
0.21 acres
Year built
1996
Levels
Two
Main-level bedrooms
0
Style
A-Frame, Traditional
Construction
Brick, Brick Front
Roof
Composition
Heating
Central
Cooling
Central Air
Fireplaces
2
Appliances
Dishwasher
Lot
Back Yard
HOA
No
Annual tax
$4,042 (2025)
County
DeKalb

Assigned schools

As reported in the listing. Verify with the school district.

Payment estimate

Estimate the monthly payment

Prefilled with the list price of $299,999 and this week's average rate. Change anything to see your number.

Loan type
Estimated monthly payment

$2,429/mo

Principal and interest
$1,855
Property tax
$337
Home insurance
$125
Mortgage insurance
$112
Loan amount
$269,999
Cash down
$30,000

This is an estimate only. Not a lender, not a loan offer and not a rate quote. Rates: Freddie Mac PMMS weekly average for 2026-10-22: 30-yr 7.32%, 15-yr 6.68%. Tax uses the annual tax amount in the listing; insurance assumes $1,500 a year. Conventional adds 0.5% a year mortgage insurance under 20% down; FHA uses 3.5% minimum down, a 1.75% upfront premium financed and 0.55% a year MIP; VA adds a 2.15% funding fee financed under 5% down and no monthly MI. Talk to a licensed lender for a real quote.

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Questions about this home

How do I schedule a showing of this home?

Use the "Ask about this home" form on this page and include the days and times that work for you. Jeff Crowe will follow up to set up a showing.

How do I get more information about this listing?

Send your question through the form on this page. Listing details come from FMLS and are provided by Desired Properties, LLC., so confirm them before making an offer.

Is this home still available?

This page shows the status reported in FMLS (Active) as of the last update. Status can change quickly, so ask through the form to confirm before you tour.

How is the monthly payment estimate calculated?

It uses the list price, an average mortgage rate, the tax amount in the listing (or an estimated tax rate when none is given), estimated insurance and any HOA dues in the listing. It is an estimate only, not a loan offer. Talk to a licensed lender for a real quote.

Where can I see similar homes for sale in Lithonia?

See the similar homes section on this page, or browse all homes for sale in Lithonia, GA.

Beyond homes

Also exploring Georgia investment real estate?

Jeff Crowe is a local, full-service agent with CENTURY 21 The Avenues who also works with buyers and sellers of apartment buildings, churches, commercial property and land across Georgia. The pages below are other property types and investor research, separate from this home listing.

Other property types for sale

Investor research and tools

Thinking about a rental or a building instead? Send Jeff a message.

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