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Cornelia 30531
149 May Street
$203,000
● House - Off Market

149 May Street

Cornelia, GA 30531
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,556 Ft²
$1,259
Est. Monthly
11.57%
Cap Rate

About This Property

Priced to sell!  Home being sold as-is.  This home has the perfect slate to complete with your own finishes.  Location is key in the middle of Cornelia.  Convenient to shopping.  Home needs new carpet, paint, cabinets etc.
Unit Size
1,556 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$141
Property Type
House
Property Taxes
$179
HOA Dues
-
Year Built
1980

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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 (GAMLS #10343413)

Price History

Date / Event Date Event Price
Aug 20, 2024 Sold
Premium
Sold
Aug 9, 2024 In contract -
In contract
Aug 1, 2024 Price Decreased $219,900
↓ $100 (0.1%)
Price Decreased
Jul 22, 2024 Listed by Southern Classic Realtors $220,000
Listed by Southern Classic Realtors
Apr 9, 2018 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1990
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 23
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 3
  • Basement Area: 600
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,522
  • Lot Size Depth Feet: 1,370
  • Lot Size Frontage Feet: 1,700
  • Total Building Area: 1,556
  • Gross Building Area: 3,216
  • Building Area: 1,556
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,556
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: G T MAY
  • Land Acres: 0000000540
  • Standard Land Use Code: 1001
  • County Land Use Code: R1
  • Legal Description 1: 10-138 LEVEL RDG L DB 1241-759

Neighborhood

  • School District Name: Habersham County School District
  • School Tax School District: COUNTY
  • Census Tract: 000501

Zoning

  • Zoning: R1A

Geography

  • Account Number: 680081
  • District: 01
  • Parcel: 085D021
  • Municipality: COUNTY ONLY
  • Latitude: 34.5238
  • Longitude: -83.5344

    Address

  • Full Address: 149 May St
  • Address - House Number: 149
  • Address - Street Name: May
  • Address - Suffix Type: St
  • State: GA
  • City Name: Cornelia
  • Carrier Code: C001
  • 4-Digit Zip Code: 2128
  • Zip Code: 30531

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $223,628

    Appraisal Valuation

  • Standard Deviation: 0.4558
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 8
  • Final Value: 152,060
  • High Value: 221,380
  • Low Value: 82,739

    Market Valuation

  • Market Total Value: $215,400
  • Market Land Value: $37,100
  • Market Improvement Value: $178,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $86,160
  • Assessed Land Value: $14,840
  • Assessed Improvements Value: $71,320

    Sales

  • Current Sale Contract Date: Apr 09, 2018
  • Current Sale Recording Date: Apr 09, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018-000571
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 Cornelia

Stats & Trends

Median Asking:

$352,500

Sale Price/ft²

$153

Below Asking

0.02%

Average Days on Market

79

Average Home Size

2554 ft²

Average Home Age

41.8 years

Currently For Sale

13 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 257 Linda Way, Cornelia, GA, 30531

$2,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,404 ft²
257 Linda Way, Cornelia, GA, 30531
Unit for rent at 700 Old Lake Russell Road, Cornelia, GA, 30531

$3,500 /mo

  • 4 Beds
  • 3 Baths
  • 3,285 ft²
700 Old Lake Russell Road, Cornelia, GA, 30531

Rentals Near You

Click here to view more rentals in the neighborhood.
GAMLS

Listed by: Melissa Banner, Southern Classic Realtors
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10343413
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 149 May Street built and last sold?
The property at 149 May Street was built in 1980 and last sold on Apr 9, 2018 for $149,000.
How much is this home worth?
The estimated value of the home located at 149 May Street is $0.
What are some comparable homes to 149 May Street?
There are currently no comparable homes to 149 May Street.
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