$389,000
●
House -
Off Market
18 Red Bud Trail #52
Colbert, GA 30628
4 Beds
3 Baths
2,250 Ft²
$2,047
Est. Monthly
$42
HOA / Fees
6.94%
Cap Rate
About This Property
New Home on 1.501 wooded level acres! If you want to live in a
country setting, this is it! Minutes to Athens (UGA) for
commuters. Madison Preserve is a small community. The
2250+ square foot homes offer plenty of space for everyone!
The Sarah plan features 4 Bedrooms and 3 Baths. This open
floor plan features a wood burning fireplace with brick hearth in
the vaulted family room. Built-in shelving/cabinets in family room.
Family room is open to the kitchen and dining! Kitchen has a
LARGE island, granite countertops and custom cabinetry.
Master suite has a private bath with soaking tub, separate
shower and double vanities with granite countertop. All baths have
granite countertops. LVP flooring throughout. Builder contributes
$4000 to closing costs with use of preferred lender.
Qualifies for 100% USDA financing. Home is 100% complete and
ready for a buyer~
Unit Size
2,250 Ft²
Days on Market
-
Land Size
1.50 acres
Price per sqft
$178
Property Type
House
Property Taxes
$42
HOA Dues
$42
Year Built
-
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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: 2 years ago (GAMLS #10390299)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 8, 2025 | Sold | ||
| Sold | |||
| Nov 19, 2024 | In contract | - | |
| In contract | |||
| Oct 4, 2024 | Listed by Georgia Realty Group | $399,900 | |
| Listed by Georgia Realty Group | |||
Property Highlights
Fireplace
Parking Details
Parking Features: Attached, Garage, Garage Door Opener
Interior Details
Main Level Bedrooms: 4
Full Bathrooms: 0
Main Level Bathrooms: 3
Interior Features: Double Vanity, High Ceilings, Pulldown Attic Stairs, Separate Shower, Soaking Tub, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s)
Living Area: 2250
Living Area Units: Square Feet
Living Area Source: Builder
Above Grade Finished Area: 2250
Above Grade Finished Area Units: Square Feet
Living Area Source: Builder
Fireplaces: 1
Fireplace Features: Factory Built
Window Features: Double Pane Windows
Appliances: Dishwasher, Electric Water Heater, Microwave, Oven/Range (Combo)
Laundry Features: In Hall
Flooring Type: Laminate
Exterior Details
Levels: 0
Above Grade Finished Area: 2250
Construction Materials: Brick, Concrete
Roof: Composition
Patio And Porch Features: Patio, Porch
Property Condition: New Construction
Foundation Details: Slab
Year Built: 2024
Financial Details
Parcel Number: 0057B 052
Tax Year: 2023
Tax Annual Amount: $500
Utilities Details
Cooling: Ceiling Fan(s), Heat Pump
Heating: Heat Pump
Water Source: Public
Sewer: Septic Tank
Utilities: Electricity Available, High Speed Internet, Water Available
Location Details
HOA/Condo/Coop Fee Includes: Other
Elementary School: Colbert
Middle Or Junior School: Madison County
High School: Madison County
Other Details
Listing Contract Date: 2024-10-04
On Market Date: 2024-10-04
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/04/2024
|
4 Bed
|
3 Bath
|
2250 ft²
|
$399,900
4 Bed
3 Bath
2250 ft²
|
$389,000
-2.73%
04/08/2025
|
Jenny Maddox
All Star Realty Group LLC
| |
|
02/25/2024
|
4 Bed
|
3 Bath
|
2250 ft²
|
$424,900
4 Bed
3 Bath
2250 ft²
|
-
-
|
Charles Williams
Bulldawg Realty.com GA LLC
|
Building Info
About Madison
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Listed by: Jenny Maddox, Georgia Realty Group
Last Updated: 2 years ago
Data Source: GAMLS, MLS# 10390299
Last Updated: 2 years ago
Data Source: GAMLS, MLS# 10390299
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The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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.
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