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Walton 30655
1389 Old Monroe Madison Highway
$56,000
● Land - Off Market

1389 Old Monroe Madison Highway

Monroe, GA 30655
bedrooms
Studio
bathrooms
0 Bath
$202
Est. Monthly
24.53%
Cap Rate

About This Property

Perfect level lot to build your dream home
Unit Size
-
Days on Market
-
Land Size
0.73 acres
Price per sqft
-
Property Type
Land
Property Taxes
$29
HOA Dues
-
Year Built
-

Payment Calculator

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Cap Rate Calculator

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Monthly Rental Income
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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 #10239871)

Price History

Date / Event Date Event Price
Jul 17, 2024 Sold
Premium
Sold
Jan 10, 2024 Listed by America Realty Group $35,000
Listed by America Realty Group
Jan 22, 2018 Sold
Premium
Sold
Apr 14, 2015 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 31,799
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: STEPHANIE L & MICHAEL L HARVEY
  • Land Acres: 0000000730
  • Standard Land Use Code: 8001
  • County Land Use Code: R3
  • Legal Description 1: 73AC

Neighborhood

  • School District Name: Walton County School District
  • School Tax School District: WALTON COUNTY
  • Census Tract: 110702

Zoning

  • Zoning: R1

Geography

  • Account Number: 11269
  • District: 2
  • Parcel: C1660-186
  • Lot: 31
  • Municipality: WALTON COUNTY UNINCORPORATED
  • Latitude: 33.7712
  • Longitude: -83.6555

    Address

  • Full Address: 1389 Old Monroe Madison Hwy
  • Address - House Number: 1389
  • Address - Street Name: Old Monroe Madison
  • Address - Suffix Type: Hwy
  • State: GA
  • City Name: Monroe
  • Carrier Code: R002
  • 4-Digit Zip Code: 7241
  • Zip Code: 30655

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $35,306
  • Tax Rate Code Area: 04

    Market Valuation

  • Market Total Value: $29,100
  • Market Land Value: $29,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,640
  • Assessed Land Value: $11,640

    Sales

  • Current Sale Contract Date: Jan 22, 2018
  • Current Sale Recording Date: Jan 22, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018-000223
  • Previous Sale Recording Date: Apr 14, 2015
  • Previous Sale Contract Date: Apr 14, 2015
  • Previous Sale Amount: $9,000
  • 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 Walton

Stats & Trends

Median Asking:

$425,000

Sale Price/ft²

$189

Below Asking

0.02%

Average Days on Market

82

Average Home Size

2591 ft²

Average Home Age

26.9 years

Currently For Sale

574 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 261 Mccall Way, Monroe, GA, 30655

$2,550 /mo

  • 5 Beds
  • 2 Baths
  • 2,313 ft²
261 Mccall Way, Monroe, GA, 30655 Listing by Christopher Daneault
Unit for rent at 222 Sinclair Way, Monroe, GA, 30655

$2,000 /mo

  • 4 Beds
  • 2 Baths
  • 1,884 ft²
222 Sinclair Way, Monroe, GA, 30655

Rentals Near You

Click here to view more rentals in the neighborhood.
GAMLS

Listed by: Andreina Canache, America Realty Group
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10239871
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 1389 Old Monroe Madison Highway built and last sold?
The property at 1389 Old Monroe Madison Highway was built in and last sold on Jan 22, 2018 for $10,000.
How much is this home worth?
The estimated value of the home located at 1389 Old Monroe Madison Highway is $35,350.
What are some comparable homes to 1389 Old Monroe Madison Highway?
There are currently no comparable homes to 1389 Old Monroe Madison Highway.
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