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Madison 30650
1120 Carmichael Road
$284,500
● House - Off Market

1120 Carmichael Road

Madison, GA 30650
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,416 Ft²
$288,804
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

Cottage styled ranch that's all about COZY! This newly remodeled home prioritizes function & comfort throughout. Updated kitchen & baths to include granite, new flooring and just so CUTE! Farmhouse designed to include shiplap ceiling in the open kitchen / family room. Enjoy your morning coffee on the rocking chair front porch or large decking in the back. Back yard is completely fenced for your family pets and includes a large outbuilding with its own power. This adorable cottage is move in ready.  Don't miss this opportunity to be so close to town square, shopping, dining in Beautiful Madison, GA.
Unit Size
1,416 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$201
Property Type
House
Property Taxes
$111
HOA Dues
-
Year Built
1965

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #20020457)

Price History

Date / Event Date Event Price
Apr 15, 2022 Sold
Premium
Sold
Feb 20, 2022 Listed by Keller Williams Lake Oconee $284,900
Listed by Keller Williams Lake Oconee
Oct 31, 2016 Sold
Premium
Sold
May 23, 2016 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 2004
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 322
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,166
  • Total Building Area: 1,416
  • Building Area: 1,416
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,416
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PRIOR SUBDIVISION
  • Land Acres: 0000000440
  • Standard Land Use Code: 1001
  • County Land Use Code: R3
  • Legal Description 1: 1120 CARMICHAEL RD

Neighborhood

  • School District Name: Morgan County School District
  • School Tax School District: MADISON
  • Census Tract: 010302

Zoning

  • Zoning: R2-M-CITY

Geography

  • Account Number: 7464
  • Parcel: M30 003
  • Lot: 1
  • Municipality: MADISON
  • Latitude: 33.5775
  • Longitude: -83.4733

    Address

  • Full Address: 1120 Carmichael Dr
  • Address - House Number: 1120
  • Address - Street Name: Carmichael
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Madison
  • Carrier Code: R009
  • 4-Digit Zip Code: 4714
  • Zip Code: 30650

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $307,296
  • Tax Rate Code Area: MADISON

    Appraisal Valuation

  • Standard Deviation: 0.0994
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 90
  • Final Value: 277,260
  • High Value: 304,839
  • Low Value: 249,682

    Market Valuation

  • Market Total Value: $269,661
  • Market Land Value: $21,000
  • Market Improvement Value: $248,661

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $107,864
  • Assessed Land Value: $8,400
  • Assessed Improvements Value: $99,464

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 15, 2022
  • Current Sale Recording Date: Apr 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022-000452
  • Previous Sale Recording Date: Oct 31, 2016
  • Previous Sale Contract Date: Oct 31, 2016
  • Previous Sale Amount: $85,000
  • 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 Madison

Stats & Trends

Median Asking:

$492,000

Sale Price/ft²

$244

Below Asking

0.03%

Average Days on Market

105

Average Home Size

2796 ft²

Average Home Age

45 years

Currently For Sale

35 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 264 E Jefferson Street, Madison, GA, 30650

$1,900 /mo

  • 2 Beds
  • 2 Baths
  • 1,160 ft²
264 E Jefferson Street, Madison, GA, 30650

Rentals Near You

Click here to view more rentals in the neighborhood.
GAMLS

Listed by: Rhonda Smith, Keller Williams Lake Oconee
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 20020457
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 1120 Carmichael Road built and last sold?
The property at 1120 Carmichael Road was built in 1965 and last sold on Apr 15, 2022 for $284,500.
How much is this home worth?
The estimated value of the home located at 1120 Carmichael Road is $0.
What are some comparable homes to 1120 Carmichael Road?
There are currently no comparable homes to 1120 Carmichael Road.
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