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Morgan 30663
1041 Cooper Lane
$424,900
● House - Off Market

1041 Cooper Lane

Rutledge, GA 30663
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,666 Ft²
$2,181
Est. Monthly
6.50%
Cap Rate

About This Property

Looking for a mini-farm? How about Morgan County schools? How about both? This well maintained 4 bedroom, 3 bathroom split-level home on 3.7 acres has everything you could ask for. Featuring a large kitchen, separate dining room, two family rooms, utility room, and 2 car garage. PLUS a 12'x36' 3 stall barn, pasture, chicken coop, garden areas, 15'x24' greenhouse, 15'x22' workshop, large covered deck, patio and more. No HOA!
Unit Size
2,666 Ft²
Days on Market
-
Land Size
3.70 acres
Price per sqft
$159
Property Type
House
Property Taxes
$94
HOA Dues
-
Year Built
1976

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (GAMLS #10232704)

Price History

Date / Event Date Event Price
Feb 1, 2024 Sold
Premium
Sold
Dec 12, 2023 Listed by Coldwell Banker Realty $424,900
Listed by Coldwell Banker Realty
Oct 8, 2014 Sold
Premium
Sold
Dec 27, 2011 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1997
  • Building Count: 2
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 20
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 9
  • Basement Area: 1,237
  • Garage Type: 7
  • Garage Square Area: 572
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 161,172
  • Total Building Area: 1,322
  • Building Area: 1,322
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,322
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VAN SAYE
  • Land Acres: 0000003700
  • Standard Land Use Code: 1001
  • County Land Use Code: R4
  • Legal Description 1: VAN SAYE LOT 12 3.70 ACRES

Neighborhood

  • School District Name: Morgan County School District
  • School Tax School District: UNINCORPORATED
  • Census Tract: 010200

Zoning

  • Zoning: AR - AG/RE

Geography

  • Account Number: 1826
  • District: 20
  • Subdivision Phase Number: 1
  • Parcel: 020 028
  • Lot: 12
  • Municipality: UNINCORPORATED
  • Latitude: 33.6134
  • Longitude: -83.5814

    Address

  • Full Address: 1041 Cooper Ln
  • Address - House Number: 1041
  • Address - Street Name: Cooper
  • Address - Suffix Type: Ln
  • State: GA
  • City Name: Rutledge
  • Carrier Code: R001
  • 4-Digit Zip Code: 2520
  • Zip Code: 30663

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $185,103
  • Tax Rate Code Area: UNINCORPOR

    Appraisal Valuation

  • Standard Deviation: 0.2152
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 70
  • Final Value: 403,335
  • High Value: 490,164
  • Low Value: 316,506

    Market Valuation

  • Market Total Value: $201,909
  • Market Land Value: $25,000
  • Market Improvement Value: $176,909

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $80,764
  • Assessed Land Value: $10,000
  • Assessed Improvements Value: $70,764

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Feb 01, 2024
  • Current Sale Recording Date: Feb 01, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Oct 08, 2014
  • Previous Sale Contract Date: Oct 08, 2014
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Morgan

Stats & Trends

Median Asking:

$520,000

Sale Price/ft²

$222

Below Asking

0.03%

Average Days on Market

87

Average Home Size

3090 ft²

Average Home Age

28.9 years

Currently For Sale

129 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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GAMLS

Listed by: Mathea Elliott, Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10232704
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1041 Cooper Lane built and last sold?
The property at 1041 Cooper Lane was built in 1976 and last sold on Feb 1, 2024 for $424,900.
How much is this home worth?
The estimated value of the home located at 1041 Cooper Lane is $496,363.
What are some comparable homes to 1041 Cooper Lane?
There are currently no comparable homes to 1041 Cooper Lane.
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