150 Old Hwy 138

About this home

Priced below the recent appraised value, this property presents an excellent opportunity for a buyer looking to invest in a property with room to add value and make it their own. Discover a rare opportunity to own 6.3 beautiful, partially wooded acres in sought-after North Fayette featuring two homes and endless potential. Held in the same family for over 60 years, this unique property offers the perfect blend of character, flexibility, and future opportunity. The property spans two corner lots and includes two parcels being sold together. The main residence, approximately 1,850 square feet, offers four bedrooms and two bathrooms with timeless mid-century touches including classic Pickwick paneling and original pine hardwood floors (currently beneath laminate in some rooms). The spacious kitchen features stainless steel appliances and ample cabinetry and countertop space, while the inviting den showcases a wood-burning fireplace, creating a warm and welcoming gathering space. A charming laundry room and mudroom serve as a functional bonus area overlooking the private, fenced backyard. Outdoors, enjoy a generous patio perfect for entertaining or relaxing evenings under the stars. A charming paver walkway leads to a second patio area, an ideal spot for roasting marshmallows around a cozy evening fire or create the perfect backyard BBQ setup. The main home also features a new water heater for added peace of mind. In addition to the main home, a separate 2-bedroom, 1-bath cottage of approximately 912 square feet offers an excellent opportunity for an in-law suite, guest quarters, multigenerational living, or rental potential. The cottage includes a kitchen with engineered hardwood floors, an original farmhouse sink, pantry shelving, and stove, along with its own washer and dryer. The property does require work and is being offered with that in mind, providing an opportunity for the next owner to renovate and make the space their own. A new electrical box and exterior meter were installed in 2025, and the cottage has a private gravel driveway for separate access. Each home is serviced by its own septic system. Both residences draw from a natural spring water system that has been in place for over 100 years, faithfully serving the property for generations. The system has also received recent updates, including a new 20-gallon well tank, pressure switch with stem, pressure gauge, and pump motor, along with a custom-built shelf for the pump motor. An in-ground fire pit enhances the outdoor experience, and additional features include a tool shed and an extra storage shed, offering ample space for equipment, hobbies, or storage needs. This property truly offers the best of both worlds: a peaceful rural atmosphere surrounded by nature, yet just minutes from Fayetteville's charming downtown square and historic streetscapes, providing an easy escape from the big-city bustle of nearby Atlanta. Enjoy the serenity of country living while remaining less than 30 minutes to Downtown Atlanta, approximately 20 minutes to Hartsfield-Jackson Atlanta International Airport, and just 10 minutes from I-85 and I-285 for easy commuting. You're also only 15 minutes from Trilith Studios, designed for the film and creative industries, this unprecedented community features filmmaking studios, homes, shopping and dining, as well as scenic trails and parks, making this location as convenient as it is inspiring. Whether you envision a private estate, multi-generational retreat, or strategic investment opportunity, this North Fayette property delivers location, flexibility, and long-term potential. All its missing is you! ***Eligible for $5,000 closing costs credit.***

Details

Home type

Single Family Residence

County

Fayette County

Year built

1950

Lot size (acres)

6.3

Annual tax

$1,167

Tax year

2024

Elementary school

North Fayette

Middle school

Flat Rock

High school

Sandy Creek

Levels

One

Style

Bungalow, Ranch

Community

Near Schools, Near Shopping, Near Trails/Greenway, Street Lights

Days on market

36

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