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507 Lake Park Rd, Valdosta, GA, 31601

2beds
1baths
1,182sqft
$49,900
$42price/sqft
$581/moest. monthly cost
$23,240/yrincome needed

About This Home

Investment special! This home needs some work but has so much potential. Property has been damaged by storm and tarp has been torn off.

Getting Around

52
WalkingSomewhat Walkable
0
TransitVery Limited Transit
69
BikeBikeable

Schools

5/10
4/10
Newbern Middle SchoolGrades 6-83.0 mi
4/10
Valdosta High SchoolGrades 9-123.5 mi

Construction

Materials

  • Roof: Architectural
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Residential Investment

Interior

Appliances

  • Appliances included: Electric Range
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Window features: Wood Frames,Blinds
  • Flooring: Other

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 1,182
  • Total interior livable area: 1,182 sqft

Property

Details

  • Parcel number: 0120B 407
  • Zoning: CC

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Patio & porch: Covered Patio,Front Porch
  • Fencing: Fenced
  • Frontage type: None

Lot

  • Lot size: 6,534 sqft

Parking

  • Total spaces: 1
  • Parking features: 1 Car

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Hurricane
Lightning

FEMA Declared Disasters Across Georgia Counties

Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $252$3,024
Home Insurance *$40$480
Property Taxes $70$840
Electricity $219$2,637
Total$581$6,972
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$19,920/yr
40% on housing$17,430/yr
45% on housing$15,493/yr

Georgia FAIR Plan Programs

Georgia Underwriting Association

Covered
WildfireWildfire
Add-on available
WindWind
Visit Website →

Georgia Underwriting Association - Coastal

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 8,778Commercial: 638
Total Premiums$16.25M
Total Exposure$2.20B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.4%
6.4%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$42This listing

vs Other Active Listings

Avg $/sqft

ZIP 31601$107
Lowndes County$139

vs Homes Sold Last Month

Median $/sqft

ZIP 31601$116
Lowndes County$146

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-28Listed for sale$49,900
2025-07-30Sold$15,000
2024-11-10Listing removed$40,000
2024-08-15Pending sale$40,000
2024-05-15Listing removed--
2024-05-15Pending sale$40,000
2024-05-03Price change$40,000
2024-04-01Listed for sale$50,000

For Sale by Agent

AgentKurt Harbaugh
BrokerageCentury 21 Realty Advisors

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