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Commerce 30529
109 Terrace Ridge Drive
Listing Courtesy of: Debbie Robinson, KELLER WILLIAMS RLTY LANIER PTNRS
$67,000
● House - Off Market

109 Terrace Ridge Drive

Commerce, GA 30529
bedrooms
3 Beds
bathrooms
0 Bath
square feet
1,490 Ft²
$161,244
RealtyHop Estimate
115.28%
Since Jan 1, 2013
National-US
Primary Model

About This Property

Spacious 3 Bedroom/2 Bath Ranch with a partially finished bonus room! Huge kitchen with island, huge dining area, laundry room, great room with fireplace and gas starter! Community Pool and Playground just up the street from the house! Wooded back yard! Short sale, As is! Subject to lender approval, pre-qual letter and addendums required.
Unit Size
1,490 Ft²
Days on Market
-
Land Size
-
Price per sqft
$50
Property Type
House
Property Taxes
$124
HOA Dues
$13
Year Built
2002

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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 (FMLS #5048976)

Price History

Date / Event Date Event Price
Mar 24, 2017 Sold
Premium
Sold
Dec 21, 2012 Sold
Premium
Sold
Aug 1, 2012 Listed by KELLER WILLIAMS RLTY LANIER PTNRS $74,900
Listed by KELLER WILLIAMS RLTY LANIER PTNRS

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 440
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,185
  • Total Building Area: 1,849
  • Building Area: 1,849
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,849
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HILL
  • Land Acres: 0000000670
  • Standard Land Use Code: 1001
  • County Land Use Code: R3
  • Legal Description 1: LOT 18 BLOCK C BELMONT HILLS UNIT 1

Neighborhood

  • School District Name: Commerce City School District
  • School Tax School District: COMMERCE
  • Census Tract: 010400

Zoning

  • Zoning: R1

Geography

  • Account Number: 20947
  • Section: 1
  • Parcel: 009A 018C
  • Block: C
  • Lot: 18
  • Municipality: COMMERCE
  • Latitude: 34.2028
  • Longitude: -83.4417

    Address

  • Full Address: 109 Terrace Ridge Dr
  • Legal Unit: 1
  • Address - House Number: 109
  • Address - Street Name: Terrace Ridge
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Commerce
  • Carrier Code: R007
  • 4-Digit Zip Code: 2588
  • Zip Code: 30529

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $302,713
  • Tax Rate Code Area: 2

    Appraisal Valuation

  • Standard Deviation: 0.184
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 75
  • Final Value: 341,816
  • High Value: 404,744
  • Low Value: 278,889

    Market Valuation

  • Market Total Value: $255,600
  • Market Land Value: $66,000
  • Market Improvement Value: $189,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $102,240
  • Assessed Land Value: $26,400
  • Assessed Improvements Value: $75,840

    Sales

  • Current Sale Contract Date: Mar 24, 2017
  • Current Sale Recording Date: Mar 24, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017-001215
  • Previous Sale Recording Date: Dec 21, 2012
  • Previous Sale Contract Date: Dec 21, 2012
  • Previous Sale Amount: $67,000
  • 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 Commerce

Stats & Trends

Median Asking:

$319,900

Sale Price/ft²

$178

Below Asking

0.03%

Average Days on Market

78

Average Home Size

1764 ft²

Average Home Age

35.9 years

Currently For Sale

57 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

Unit for rent at 548 Madison St, Commerce, GA, 30529

$2,100 /mo

  • 3 Beds
  • 2 Baths
  • 1,850 ft²
548 Madison St, Commerce, GA, 30529 Listing by Camila Torres
Unit for rent at 1642 Broad Street, GA, 30529

$2,200 /mo

  • 2 Beds
  • 2 Baths
1642 Broad Street #23, GA, 30529 Listing by Jake Blickenstaff

Rentals Near You

Click here to view more rentals in the neighborhood.
FMLS

Listed by: Debbie Robinson, KELLER WILLIAMS RLTY LANIER PTNRS
Last Updated: 3 years ago
Data Source: FMLS, MLS# 5048976
Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2026 FMLS.

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Frequently Asked Questions

When was property at 109 Terrace Ridge Drive built and last sold?
The property at 109 Terrace Ridge Drive was built in 2002 and last sold on Mar 24, 2017 for $160,000.
How much is this home worth?
The estimated value of the home located at 109 Terrace Ridge Drive is $86,566.
What are some comparable homes to 109 Terrace Ridge Drive?
There are currently no comparable homes to 109 Terrace Ridge Drive.
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