$525,000
●
House -
Off Market
431 Limelight
Clayton, GA 30525
3 Beds
2 Baths
2,304 Ft²
$2,796
Est. Monthly
4.19%
Cap Rate
About This Property
This Stunning, New Construction home boasts breath taking, long
range Mountain Views. The Kitchen features carbon stainless,
"Smart" refrigerator and stove. The 2nd level has 2 bedrooms and 2
bonus rooms with closets which would make a nice office, playroom,
or extra sleeping. Beautiful engineered wood floors along with the
8 foot, solid knotty Alder doors throughout add to the charm. Main
level has 10 ft ceilings, master, and laundry, with new washer and
dryer. The 2nd level offers 16 ft. ceilings. Enjoy outdoor living
year round with the massive wood burning, outdoor fireplace.
Foundation to be painted and shower doors installed by the first
week of September.
Unit Size
2,304 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$247
Property Type
House
Property Taxes
$2
HOA Dues
-
Year Built
-
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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 #20157272)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 18, 2024 | No longer available | - | |
| No longer available | |||
| Jan 16, 2024 | Sold | ||
| Sold | |||
| Dec 16, 2023 | In contract | - | |
| In contract | |||
| Nov 9, 2023 | Listed by RE/MAX of Rabun | $569,000 | |
| Listed by RE/MAX of Rabun | |||
| | |||
|
This Stunning, New Construction home boasts breath taking, long range Mountain Views. The Kitchen features carbon stainless, "Smart" refrigerator and stove. The 2nd level has 2 bedrooms and 2 bonus rooms with closets which would make a nice office, playroom, or extra sleeping. Beautiful engineered wood floors along with the 8 foot, solid knotty Alder doors throughout add to the charm. Main level has 10 ft ceilings, master, and laundry, with new washer and dryer. The 2nd level offers 16 ft. ceilings. Enjoy outdoor living year round with the massive wood burning, outdoor fireplace. Foundation to be painted and shower doors installed by the first week of September. The manager has listed the unit size as 2304 square feet.
| |||
| Nov 8, 2023 | No longer available | - | |
| No longer available | |||
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Property Highlights
Air Conditioning
Fireplace
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Baths
ft²
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Price/ft²
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HOA + Taxes
About Rabun
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Listed by: Ann Inman, Poss Realty
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 20157272
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 20157272
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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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