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Monroe 30655
131 Nelson Street
Listing Courtesy of: Andrea Malcom Campbell, Malcom and Malcom Realty Prof, LLC.
$200,000
● House - Off Market

131 Nelson Street

Monroe, GA 30655
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,106 Ft²
$233,892
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

*POSSIBLE THIRD BEDROOM! Precious 2 bedroom/ 1 bath + possible third bedroom 1950s ranch with original hardwoods throughout and fully tiled bath within walking distance of Downtown Monroe! Located on a quiet, dead-end street with great neighbors and large level lot with semi-private back yard. New interior and exterior paint, plus all kitchen appliances remain, including refrigerator. Utility room off side of house with its own private entry, large & bright living room with bay window, and sizable bedrooms & bath.
Unit Size
1,106 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$181
Property Type
House
Property Taxes
$64
HOA Dues
-
Year Built
1955

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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 #6860449)

Price History

Date / Event Date Event Price
Jun 16, 2021 Sold
Premium
Sold
Mar 26, 2021 Listed by Malcom and Malcom Realty Prof, LLC. $199,900
Listed by Malcom and Malcom Realty Prof, LLC.
Jun 29, 2018 Sold
Premium
Sold
Jun 30, 2015 Sold
Premium
Sold

Property Highlights

Air Conditioning
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 2008
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 1
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 12
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 10
  • Garage Square Area: 80
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Total Building Area: 1,106
  • Building Area: 1,106
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,106
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANK FORD PROP
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: R3
  • Legal Description 1: LOT#3 .34AC

Neighborhood

  • School District Name: Walton County School District
  • School Tax School District: MONROE
  • Census Tract: 110301

Zoning

  • Zoning: R2

Geography

  • Account Number: 16678
  • District: 3
  • Parcel: M0150-027
  • Lot: 65
  • Municipality: MONROE
  • Latitude: 33.7955
  • Longitude: -83.7061

    Address

  • Full Address: 131 Nelson St
  • Address - House Number: 131
  • Address - Street Name: Nelson
  • Address - Suffix Type: St
  • State: GA
  • City Name: Monroe
  • Carrier Code: C004
  • 4-Digit Zip Code: 2563
  • Zip Code: 30655

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $274,670
  • Tax Rate Code Area: 01

    Appraisal Valuation

  • Standard Deviation: 0.2131
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 64
  • Final Value: 262,930
  • High Value: 329,794
  • Low Value: 196,067

    Market Valuation

  • Market Total Value: $196,400
  • Market Land Value: $42,000
  • Market Improvement Value: $154,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $78,560
  • Assessed Land Value: $16,800
  • Assessed Improvements Value: $61,760

    Sales

  • Current Sale Contract Date: Jun 16, 2021
  • Current Sale Recording Date: Jun 16, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-002940
  • Previous Sale Recording Date: Jun 29, 2018
  • Previous Sale Contract Date: Jun 29, 2018
  • Previous Sale Amount: $300,000
  • 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 Monroe

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$196

Below Asking

0.03%

Average Days on Market

73

Average Home Size

1795 ft²

Average Home Age

38.3 years

Currently For Sale

136 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 224 Doster Avenue, Monroe, GA, 30656

$2,200 /mo

  • 3 Beds
  • 2 Baths
224 Doster Avenue, Monroe, GA, 30656

Rentals Near You

Click here to view more rentals in the neighborhood.
FMLS

Listed by: Andrea Malcom Campbell, Malcom and Malcom Realty Prof, LLC.
Last Updated: 3 years ago
Data Source: FMLS, MLS# 6860449
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 131 Nelson Street built and last sold?
The property at 131 Nelson Street was built in 1955 and last sold on Jun 16, 2021 for $200,000.
How much is this home worth?
The estimated value of the home located at 131 Nelson Street is $0.
What are some comparable homes to 131 Nelson Street?
There are currently no comparable homes to 131 Nelson Street.
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