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Forsyth 31029
407 James Madison Drive
$287,000
● House - Off Market

407 James Madison Drive

Forsyth, GA 31029
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,850 Ft²
$293,803
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

WHAT A STEAL!!! With lots of curb appeal and located in The Mary Persons High School District in Monroe County!!! This cozy two story home with the Owner's Suite on the Main Floor offers a spacious walk in closet with dual vanities, garden tub and separate shower. Located conveniently near the front entrance of the community, this 3BR/2.5BA 1,850 Sq. Ft. home boasts both an Open and Split Floor Plan great for entertaining. Highlighted by a separate formal dining room and a kitchen with a full set of kitchen appliances and plenty of cabinet space. Double story great room with lots of natural light. Covered front & back porches, spacious back yard, and just too much to name Close to downtown Forsyth, schools, & I-75!!! HURRY...THIS HOME WON'T LAST LONG!!!
Unit Size
1,850 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$159
Property Type
House
Property Taxes
$244
HOA Dues
-
Year Built
2010

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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 (GAMLS #20133328)

Price History

Date / Event Date Event Price
Oct 20, 2023 Sold
Premium
Sold
Jul 7, 2023 Listed by Hughston Homes Marketing $294,900
Listed by Hughston Homes Marketing
Jul 10, 2017 Sold
Premium
Sold
Jan 25, 2011 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 6
  • Floor Count: 150
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 441
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,375
  • Total Building Area: 1,850
  • Building Area: 1,850
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 19
  • Heated Square Feet: 1,850
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MANOR AT MONTPELIER
  • Land Acres: 0000000330
  • Standard Land Use Code: 1001
  • County Land Use Code: R3
  • Legal Description 1: LL 180 LD LOT 14 MANOR AT MONTPELIER

Neighborhood

  • School District Name: Monroe County School District
  • School Tax School District: FORSYTH
  • Census Tract: 050200

Geography

  • Assessors Map Reference: 30 3-4
  • Account Number: 16844
  • Parcel: 054B-014
  • Lot: 180
  • Municipality: FORSYTH
  • Latitude: 33.0169
  • Longitude: -83.9341

    Address

  • Full Address: 407 James Madison Rd
  • Address - House Number: 407
  • Address - Street Name: James Madison
  • Address - Suffix Type: Rd
  • State: GA
  • City Name: Forsyth
  • Carrier Code: R011
  • 4-Digit Zip Code: 7354
  • Zip Code: 31029

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $212,100
  • Tax Rate Code Area: 02

    Appraisal Valuation

  • Standard Deviation: 0.1065
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 89
  • Final Value: 290,471
  • High Value: 321,411
  • Low Value: 259,530

    Market Valuation

  • Market Total Value: $247,200
  • Market Land Value: $40,000
  • Market Improvement Value: $207,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $98,880
  • Assessed Land Value: $16,000
  • Assessed Improvements Value: $82,880

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 10, 2017
  • Current Sale Recording Date: Jul 10, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2017-000785
  • Previous Sale Recording Date: Jan 25, 2011
  • Previous Sale Contract Date: Jan 25, 2011
  • Previous Sale Amount: $166,500
  • 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 Forsyth

Stats & Trends

Median Asking:

$294,000

Sale Price/ft²

$137

Below Asking

0.01%

Average Days on Market

63

Average Home Size

2180 ft²

Average Home Age

43.3 years

Currently For Sale

13 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

Unit for rent at 50 S Jackson Street, Forsyth, GA, 31029

$1,450 /mo

  • 2 Beds
  • 2 Baths
50 S Jackson Street #UNIT102, Forsyth, GA, 31029

Rentals Near You

Click here to view more rentals in the neighborhood.
GAMLS

Listed by: Ricardo Merriweather, Hughston Homes Marketing
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 20133328
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 407 James Madison Drive built and last sold?
The property at 407 James Madison Drive was built in 2010 and last sold on Jul 10, 2017 for $174,900.
How much is this home worth?
The estimated value of the home located at 407 James Madison Drive is $0.
What are some comparable homes to 407 James Madison Drive?
There are currently no comparable homes to 407 James Madison Drive.
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