$409,900
●
House -
Off Market
185 Red Bud Trail #56
Colbert, GA 30628
4 Beds
3 Baths
2,150 Ft²
$2,097
Est. Monthly
$42
HOA / Fees
7.86%
Cap Rate
About This Property
New Construction on 1.921 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
2150+ square foot homes offer plenty of space for everyone! Side
Entry Garage. Covered Back Porch for entertaining! 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. Estimated completion June 2025
Unit Size
2,150 Ft²
Days on Market
119 days
Land Size
1.92 acres
Price per sqft
$191
Property Type
House
Property Taxes
$42
HOA Dues
$42
Year Built
-
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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 #10506741)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 20, 2025 | Sold | ||
| Sold | |||
| Jul 1, 2025 | In contract | - | |
| In contract | |||
| Apr 23, 2025 | Listed by Georgia Realty Group | $409,900 | |
| Listed by Georgia Realty Group | |||
Property Highlights
Garage
Fireplace
Parking Details
Parking Features: Attached, Garage, Garage Door Opener
Interior Details
Full Bathrooms: 3
Interior Features: Double Vanity, High Ceilings, Soaking Tub, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Pulldown Attic Stairs, Separate Shower
Appliances: Dishwasher, Electric Water Heater, Microwave, Oven/Range (Combo)
Flooring Type: Laminate
Laundry Features: In Hall
Fireplace Features: Factory Built
Fireplaces: 1
Basement: None
Exterior Details
Square Footage: 2150
Square Footage Source: $0
Property Condition: Under Construction
Architectural Style: Ranch, Traditional
Year Built: 2025
Levels: One
Window Features: Double Pane Windows
Construction Materials: Brick, Concrete
Patio and Porch Features: Patio, Porch
Lot Features: Level, Private
Lot Size Area: 83678.76
Lot Size Units: Square Feet
Lot Size Acres: 1.921
Lot Size Square Feet: 83678.76
Water Source: Public
Financial Details
Tax Annual Amount: $500
Utilities Details
Cooling Type: Ceiling Fan(s), Heat Pump
Heating Type: Heat Pump
Sewer : Septic Tank
Location Details
HOA/Condo/Coop Fee Includes: Other
HOA Fee: $500
HOA Fee Frequency: Annually
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 |
|---|---|---|---|---|---|---|---|
|
04/23/2025
|
4 Bed
|
3 Bath
|
2150 ft²
|
$409,900
4 Bed
3 Bath
2150 ft²
|
$409,900
08/20/2025
|
Jenny Maddox
All Star Realty Group 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# 10506741
Last Updated: 2 years ago
Data Source: GAMLS, MLS# 10506741
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.
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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