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Morgan 30650
1331 Jim Thomas Road
Listing Courtesy of: Evelyn Vanoostrom, Algin Realty, Inc.
$279,900
● House - Off Market

1331 Jim Thomas Road

Madison, GA 30650
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,000 Ft²
$440,853
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

This home might as well be a new construction home! Totally remodeled brick ranch home sitting on 5 acres of lightly wooded land. This home features 3 bedrooms and 2 baths on the main level with hardwood floors throughout. Brand new, custom cabinets in the kitchen and baths. New tile. New SS appliances. Amazing full brick fireplace that carries into the kitchen. All new lighting, windows, and HVAC units. New septic lines. Fully finished basement with 2 BD's and a BA. Large rec room and a unfinished storage area.In the sought after Morgan county school district.
Unit Size
3,000 Ft²
Days on Market
-
Land Size
5.00 acres
Price per sqft
$100
Property Type
House
Property Taxes
$108
HOA Dues
-
Year Built
1969

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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 #6508535)

Price History

Date / Event Date Event Price
Jun 21, 2019 Sold
Premium
Sold
Feb 20, 2019 Listed by Algin Realty, Inc. $299,900
Listed by Algin Realty, Inc.
Apr 17, 2018 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 2010
  • Building Count: 2
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 20
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 9
  • Basement Area: 1,499
  • Garage Type: 7
  • Garage Square Area: 320
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 217,800
  • Total Building Area: 2,998
  • Building Area: 2,998
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,998
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RURAL LOT 3 - 6 ACRES
  • Land Acres: 0000005000
  • Standard Land Use Code: 1001
  • County Land Use Code: R4
  • Legal Description 1: 1331 JIM THOMAS RD 5.00 ACRES

Neighborhood

  • School District Name: Morgan County School District
  • School Tax School District: UNINCORPORATED
  • Census Tract: 010100

Zoning

  • Zoning: AR - AG/RE

Geography

  • Account Number: 1593
  • District: 20
  • Parcel: 018 013
  • Lot: 201
  • Municipality: UNINCORPORATED
  • Latitude: 33.6628
  • Longitude: -83.5391

    Address

  • Full Address: 1331 Jim Thomas Rd
  • Address - House Number: 1331
  • Address - Street Name: Jim Thomas
  • Address - Suffix Type: Rd
  • State: GA
  • City Name: Madison
  • Carrier Code: R007
  • 4-Digit Zip Code: 3006
  • Zip Code: 30650

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $293,991
  • Tax Rate Code Area: UNINCORPOR

    Appraisal Valuation

  • Standard Deviation: 0.2152
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 70
  • Final Value: 494,639
  • High Value: 601,123
  • Low Value: 388,155

    Market Valuation

  • Market Total Value: $312,743
  • Market Land Value: $80,000
  • Market Improvement Value: $232,743

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $125,097
  • Assessed Land Value: $32,000
  • Assessed Improvements Value: $93,097

    Sales

  • Current Sale Contract Date: Jun 21, 2019
  • Current Sale Recording Date: Jun 21, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 49
  • Current Sale Input Document Number: 2019-000655
  • Previous Sale Recording Date: Apr 17, 2018
  • Previous Sale Contract Date: Apr 17, 2018
  • Previous Sale Amount: $79,000
  • Previous Sale Document Type: 49
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:

$504,450

Sale Price/ft²

$219

Below Asking

0.03%

Average Days on Market

86

Average Home Size

3021 ft²

Average Home Age

30.4 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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FMLS

Listed by: Evelyn Vanoostrom, Algin Realty, Inc.
Last Updated: 3 years ago
Data Source: FMLS, MLS# 6508535
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 1331 Jim Thomas Road built and last sold?
The property at 1331 Jim Thomas Road was built in 1969 and last sold on Jun 21, 2019 for $279,900.
How much is this home worth?
The estimated value of the home located at 1331 Jim Thomas Road is $0.
What are some comparable homes to 1331 Jim Thomas Road?
There are currently no comparable homes to 1331 Jim Thomas Road.
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