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GovAuctions aggregates government surplus auctions from official platforms. We are not affiliated with GSA, HUD, or any government agency. Β· Terms Β· Privacy
Β© 2026 GovAuctions. All rights reserved.
πŸ›οΈGovAuctions
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582 Highway 81 W, McDonough, GA - photo 1

582 Highway 81 W, McDonough, GA

Fannie MaeReal EstateπŸ“McDonough, GA

List Price

$0

Availability

For sale

Price history

since Jun 12

$300,000βˆ’$5,000 (βˆ’2%)$295,000
Appraised valueFixed price
$295,000
Fannie Mae lists this HomePath home at an appraised market value, not an auction starting bid.
  • β€’This is the asking price set from that appraisal, not a below-market auction bid - a fair price for the home, not a guaranteed bargain.
  • β€’The real edge of a government REO is a clean sale: clear, insurable title with any past-due property taxes settled at closing.
  • β€’Sold as-is with no seller repairs, so budget an inspection and repairs on top of the price.

The appraisal reflects the home's condition when it was inspected; values change over time. Not an independent valuation or investment advice - always inspect and confirm the numbers before you make an offer.

Financing

Need funding for this flip?

Auction homes usually need cash or a short-term rehab loan. Kiavi funds fix-and-flip and rental (DSCR) purchases for real-estate investors, including the rehab budget.

New borrowers get a $350 credit on their first closed loan.

See fix-and-flip loan options β†’

Advertising disclosure: this is a paid partner link. GovAuctions may earn a referral fee if you take a loan, at no cost to you. We are not a lender or financial adviser.

Seller

πŸ›οΈ Fannie Mae

Condition: REO / sold as-is

Full Description

Fannie Mae HomePath REO property at 582 Highway 81 W, GA 30253. Single Family, 3 bed, 2 bath, 1,488 sqft, built 1987. Sold as-is by Fannie Mae.

Pickup Information

πŸ“
McDonough, GA 30253

Fannie Mae

Appraised valueFixed price
$295,000
Fannie Mae lists this HomePath home at an appraised market value, not an auction starting bid.
  • β€’This is the asking price set from that appraisal, not a below-market auction bid - a fair price for the home, not a guaranteed bargain.
  • β€’The real edge of a government REO is a clean sale: clear, insurable title with any past-due property taxes settled at closing.
  • β€’Sold as-is with no seller repairs, so budget an inspection and repairs on top of the price.

The appraisal reflects the home's condition when it was inspected; values change over time. Not an independent valuation or investment advice - always inspect and confirm the numbers before you make an offer.

Financing

Need funding for this flip?

Auction homes usually need cash or a short-term rehab loan. Kiavi funds fix-and-flip and rental (DSCR) purchases for real-estate investors, including the rehab budget.

New borrowers get a $350 credit on their first closed loan.

See fix-and-flip loan options β†’

Advertising disclosure: this is a paid partner link. GovAuctions may earn a referral fee if you take a loan, at no cost to you. We are not a lender or financial adviser.

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Market data: see how government surplus prices are moving in the Surplus Price Index and how often each category sells in the Surplus Market Report.