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Morgan 30625
2320 Apalachee River Road
$210,000
● Mobile Manufactured - Off Market

2320 Apalachee River Road

Madison, GA 30650
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,344 Ft²
$1,147
Est. Monthly
11.28%
Cap Rate

About This Property

3/2 mobile home on 5 acres
Unit Size
1,344 Ft²
Days on Market
-
Land Size
5.00 acres
Price per sqft
$156
Property Type
Mobile Manufactured
Property Taxes
$116
HOA Dues
-
Year Built
1999

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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 #10468884)

Price History

Date / Event Date Event Price
Feb 21, 2025 Sold
Premium
Sold
Feb 2, 2025 Listed by Coldwell Banker Realty $210,000
Listed by Coldwell Banker Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 2001
  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: 6
  • Building Quality: 2
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 18
  • Interior Walls Type: 16
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 217,800
  • Total Building Area: 1,344
  • Gross Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: APALACHEE RIVER BUCKHEAD
  • Land Acres: 0000005000
  • Standard Land Use Code: 1006
  • County Land Use Code: R4
  • Mobile Home Indicator: T
  • Legal Description 1: 5.00 ACRES APALACHEE RIVER RD

Neighborhood

  • School District Name: Morgan County School District
  • School Tax School District: UNINCORPORATED
  • Census Tract: 010400

Zoning

  • Zoning: AR - AG/RE

Geography

  • Account Number: 10607
  • District: 4
  • Parcel: 051 019 F
  • Lot: 354
  • Municipality: UNINCORPORATED
  • Latitude: 33.577
  • Longitude: -83.3701

    Address

  • Full Address: 2320 Apalachee River Rd
  • Address - House Number: 2320
  • Address - Street Name: Apalachee River
  • Address - Suffix Type: Rd
  • State: GA
  • City Name: Madison
  • Carrier Code: R005
  • 4-Digit Zip Code: 4523
  • Zip Code: 30650

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $138,858
  • Tax Rate Code Area: UNINCORPOR

    Appraisal Valuation

  • Standard Deviation: 0.2008
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 73
  • Final Value: 313,181
  • High Value: 376,080
  • Low Value: 250,283

    Market Valuation

  • Market Total Value: $147,714
  • Market Land Value: $80,800
  • Market Improvement Value: $66,914

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $59,086
  • Assessed Land Value: $32,320
  • Assessed Improvements Value: $26,766

    Sales

  • Current Sale Contract Date: May 03, 2005
  • Current Sale Recording Date: May 03, 2005
  • Current Sale Document Type: 27
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 Morgan

Stats & Trends

Median Asking:

$522,500

Sale Price/ft²

$222

Below Asking

0.03%

Average Days on Market

87

Average Home Size

3051 ft²

Average Home Age

29.4 years

Currently For Sale

125 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

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GAMLS

Listed by: Mary Adams, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: GAMLS, MLS# 10468884
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 2320 Apalachee River Road built and last sold?
The property at 2320 Apalachee River Road was built in 1999 and last sold on May 3, 2005 for $0.
How much is this home worth?
The estimated value of the home located at 2320 Apalachee River Road is $0.
What are some comparable homes to 2320 Apalachee River Road?
There are currently no comparable homes to 2320 Apalachee River Road.
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