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Hall 30506
3501 Monroe Circle
Listing Courtesy of: Sheila Davis, The Norton Agency
$260,000
● Land - Off Market

3501 Monroe Circle

Gainesville, GA 30506
bedrooms
Studio
bathrooms
0 Bath
$342,178
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model

About This Property

Beautiful 1-acre lake lot ready for you to build your Lake Lanier retreat! The lot is situated in an excellent location on lake and the DEEP water at the dock is the perfect place to swim in a protected cove. Located off the main channel for easy access to Gainesville Marina and within walking distance to Duckett Mill boat launch.
Unit Size
-
Days on Market
-
Land Size
1.02 acres
Price per sqft
-
Property Type
Land
Property Taxes
$148
HOA Dues
-
Year Built
1900

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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 (FMLS #6770599)

Price History

Date / Event Date Event Price
Feb 26, 2021 Sold
Premium
Sold
Aug 21, 2020 Listed by The Norton Agency $269,000
Listed by The Norton Agency
Mar 9, 1994 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,431
  • Lot Size Depth Feet: 4,300
  • Lot Size Frontage Feet: 990
  • Total Building Area: 460
  • Gross Building Area: 460
  • Building Area: 460
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MONROE C SMITH
  • Land Acres: 0000001020
  • Standard Land Use Code: 1999
  • County Land Use Code: R-3
  • Legal Description 1: LT 19 MONROE C SMITH S/D

Neighborhood

  • School District Name: Hall County School District
  • School Tax School District: COUNTY
  • Census Tract: 000306

Zoning

  • Zoning: V-C

Geography

  • Account Number: 26834
  • District: 001
  • Parcel: 10-044 -000-023
  • Lot: 19
  • Municipality: COUNTY
  • Latitude: 34.3127
  • Longitude: -83.9273

    Address

  • Full Address: 3501 Monroe Cir
  • Address - House Number: 3501
  • Address - Street Name: Monroe
  • Address - Suffix Type: Cir
  • State: GA
  • City Name: Gainesville
  • Carrier Code: R020
  • 4-Digit Zip Code: 4116
  • Zip Code: 30506

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $287,664
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.196
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 73
  • Final Value: 381,677
  • High Value: 456,502
  • Low Value: 306,853

    Market Valuation

  • Market Total Value: $279,600
  • Market Land Value: $275,400
  • Market Improvement Value: $4,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $111,840
  • Assessed Land Value: $110,160
  • Assessed Improvements Value: $1,680

    Sales

  • Current Sale Contract Date: Feb 26, 2021
  • Current Sale Recording Date: Feb 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021-001904
  • Previous Sale Recording Date: Mar 09, 1994
  • Previous Sale Contract Date: Mar 02, 1994
  • Previous Sale Amount: $59,000
  • Previous 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 Hall

Stats & Trends

Median Asking:

$430,000

Sale Price/ft²

$196

Above Asking

0.28%

Average Days on Market

80

Average Home Size

2556 ft²

Average Home Age

18.6 years

Currently For Sale

1259 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

Rentals Near You

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FMLS

Listed by: Sheila Davis, The Norton Agency
Last Updated: 3 years ago
Data Source: FMLS, MLS# 6770599
Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2026 FMLS.

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Frequently Asked Questions

When was property at 3501 Monroe Circle built and last sold?
The property at 3501 Monroe Circle was built in 1900 and last sold on Feb 26, 2021 for $260,000.
How much is this home worth?
The estimated value of the home located at 3501 Monroe Circle is $0.
What are some comparable homes to 3501 Monroe Circle?
There are currently no comparable homes to 3501 Monroe Circle.
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