$400,000
●
House -
Off Market
189 Palmetto Drive
Rincon, GA 31326
3 Beds
2 Baths,
1
Half Bath
2,133 Ft²
$442,501
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model
About This Property
All brick home on nearly an acre in the coveted Silverwood
Plantation. Coming in the front door you are greeted with a foyer
entry, a formal dining room, and beautiful hardwood flooring. The
living room has a trey ceiling, fireplace, and an abundance of
natural lighting. There are double doors to step out onto the large
covered back porch that overlooks the private wooded backyard. Back
inside, off of the living room is the kitchen which has wood
cabinetry, white appliances, and a pantry. There is a laundry room
and half bath as well. The secondary bedrooms are carpeted and
share a spacious bathroom. The master suite has hardwood flooring,
a beautiful wood built in closet system, large walk in closet, and
an en-suite bathroom. The bathroom has a double vanity, separate
shower, and a soaking tub.
Unit Size
2,133 Ft²
Days on Market
102 days
Land Size
0.98 acres
Price per sqft
$199
Property Type
House
Property Taxes
$227
HOA Dues
$90
Year Built
1992
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #20087809)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 30, 2025 | Sold | ||
| Sold | |||
| Jun 29, 2025 | In contract | - | |
| In contract | |||
| May 18, 2025 | Relisted | $459,000 | |
| Relisted | |||
| Mar 31, 2025 | In contract | - | |
| In contract | |||
| Mar 21, 2025 | Listed | $459,000 | |
| Listed | |||
| | |||
|
Sophistication meets elegance in this exquisite 3-bed, 2.5-bath estate in highly sought-after Silverwood Plantation. Located in the South Effingham High School District. Stunning architectural details: tray ceilings, extensive trim & custom built-ins set the tone for refined living. Beautiful wide plank hardwood floors flow throughout the main living space. The gourmet kitchen boasts custom cabinetry, granite counters, & premium finishes. The Formal Dining Room is perfect for family gatherings. Owners suite is a true retreat with a spa-like bathroom, custom built ins, walk in closet & private access to the covered patio, enjoy the peaceful wooded view. Laundry Room is located in the entry from the two-car side entry garage. The large lot and mature landscaping is an added plus for this full brick executive home. ALL NEW GRANITE, PAINT, FRIGIDAIRE APPLIANCES, BUILT IN CLOSET SYSTEMS, CEILING FANS, FIXTURES, DOOR HARDWARE & PLUMBING FIXTURE! BACKSPLASH TO BE INSTALLED NEXT WEEK!
| |||
Show More
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About Effingham
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Toni Hardigree, Platinum Properties
Last Updated: 2 years ago
Data Source: GAMLS, MLS# 20087809
Last Updated: 2 years ago
Data Source: GAMLS, MLS# 20087809
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.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017