Active$328,900
4 bd2 ba2,021 SFSingle-family home
1003 Ola Dale Drive
McDonough, GA 30252 · Ola Crossing · 139 days listed
FMLS #7786565 · Listing Provided By Coldwell Banker Realty · 404-252-4908
Active64 days listed
1275 Lake Dow Road, McDonough, GA 30252
- 3bd
- 2ba
- 1,514SF
- 1.9ac lot
FMLS #7830958 · Listing Provided By HomeSmart · 770-572-6590 · Listing agent Manuela Polo
About this home
1.9 ACRES. NO HOA. FULLY RENOVATED. OLA SCHOOL DISTRICT. If you've been looking for more land without giving up a move-in-ready home, this is the one to see. Sitting on a level 1.9-acre lot, this beautifully renovated 3-bedroom, 2-bath home offers the space and privacy that can be hard to find at this price point in McDonough. Inside, you'll find a fresh, updated interior designed for easy everyday living. Outside is where this property truly sets itself apart: nearly two acres of usable space, a level backyard, an outbuilding for additional storage, and no HOA. Enjoy the freedom of having room around you while still being conveniently located in McDonough and within the Ola School District. Whether you've been searching specifically for acreage, more outdoor space, or simply a home without the restrictions of an HOA, 1275 Lake Dow Rd deserves a closer look. Schedule your private showing and come experience just how much space 1.9 acres gives you.
How this list price compares in McDonough
- List price is 13% below the McDonough median list price of $379,993 (645 homes).
- Compared with 588 single-family homes in McDonough: 17% below the median of $394,900.
- List price per square foot is 41% above the McDonough median of $154/SF.
- All 645 homes for sale in McDonough, GA.
- 1,298 homes for sale in Henry County.
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
- 3
- Full baths
- 2
- Living area
- 1,514 SF
- Lot size
- 1.9 acres
- Year built
- 1993
- Levels
- One
- Main-level bedrooms
- 0
- Garage spaces
- 1
- Parking
- Driveway, Garage
- Style
- Ranch
- Construction
- Vinyl Siding
- Roof
- Composition
- Flooring
- Luxury Vinyl
- Heating
- Central
- Cooling
- Ceiling Fan(s), Central Air
- Appliances
- Dishwasher, Gas Oven, Gas Range, Microwave
- Lot
- Back Yard, Front Yard, Level
- HOA
- No
- Annual tax
- $3,103 (2025)
- County
- Henry
Assigned schools
As reported in the listing. Verify with the school district.
Payment estimate
Estimate the monthly payment
Prefilled with the list price of $329,000 and this week's average rate. Change anything to see your number.
Estimated monthly payment
$2,541/mo
- Principal and interest
- $2,034
- Property tax
- $259
- Home insurance
- $125
- Mortgage insurance
- $123
- HOA dues
- $0
- Loan amount
- $296,100
- Cash down
- $32,900
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 HomeSmart, 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 McDonough?
See the similar homes section on this page, or browse all homes for sale in McDonough, 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
- Georgia apartment buildings for saleApartment buildings and complexes for sale across Georgia.
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Investor research and tools
- Atlanta apartment cap ratesMedian screening cap rates on Georgia and Atlanta apartment asks, with sample sizes.
- how to calculate NOI on an apartment buildingHow NOI is built on an apartment building, line by line, and where listing NOI goes wrong.
- debt service coverage ratio for apartmentsDSCR loans for apartment buildings: the 1.25x test, what lenders size on, and Georgia asks.
- gross rent multiplier explainedGross rent multiplier on apartment buildings: the formula, Georgia asking GRMs, and when GRM misleads.
- commercial cap rate calculatorBuild NOI from rents and expenses, then solve for cap rate, price, or value.
- DSCR and cash-on-cash calculatorRent roll, expenses and the loan in one model: NOI, DSCR, cash-on-cash, cash flow, PDF.
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