See Home Value
Monroe 31029
461 Preakness Way
$635,000
● House - Off Market

461 Preakness Way

Forsyth, GA 31029
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,740 Ft²
$3,725
Est. Monthly
$58
HOA / Fees
3.91%
Cap Rate

About This Property

Welcome to 461 Preakness Way, Forsyth, GA - Riata Equestrian Community .Appraisal in hand with 100k in Equity . Seller is offering up to $12,000 in concessions to use toward closing costs or a rate buy-down, making this home an incredible value.    This beautifully maintained 4-bedroom, 3.5-bath home with bonus room is move-in ready and designed for both comfort and lifestyle.     Highlights You'll Love:    Peace of Mind: Home warranty included.    Well Maintained: Septic tank recently cleaned and HVAC serviced.    Equestrian Friendly: Bring your horses! Enjoy a fenced backyard perfect for animals and gatherings.    Spacious Layout: 4 bedrooms + bonus room for office, playroom, or guest suite.    Community Perks: HOA only $700/year, includes swimming pool, community pond, landscaping/maintenance, and secure Riata entrance.    Prime Location: Situated in Monroe County's highly desired school system.    Neighborhood Charm: Sellers still live in the neighborhood-proof of how much people love it here!    This property blends country charm with modern convenience in one of Monroe County's most desirable communities. A wonderful place to make lasting memories with family, friends, and neighbors.     Call today to schedule your private showing and experience everything 461 Preakness Way has to offer!
Unit Size
3,740 Ft²
Days on Market
113 days
Land Size
1.00 acres
Price per sqft
$170
Property Type
House
Property Taxes
$549
HOA Dues
$58
Year Built
2020

Payment Calculator

Cap Rate Calculator

Last updated: 10 months ago (GAMLS #10605672)

Price History

Date / Event Date Event Price
Jan 9, 2026 Sold
Sold
Oct 5, 2025 In contract -
In contract
Oct 1, 2025 Price Decreased $635,000
↓ $20K (3.1%)
Price Decreased
Sep 15, 2025 Listed by SouthSide, REALTORS $655,000
Listed by SouthSide, REALTORS
Jul 11, 2025 Price Decreased $680,000
↓ $45K (6.2%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 1
  • 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: 708
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 3,760
  • Building Area: 3,760
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 19
  • Heated Square Feet: 3,760
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIATA
  • Land Acres: 0000001000
  • Standard Land Use Code: 1001
  • County Land Use Code: R3
  • Legal Description 1: LL 30 LD 6 LOT 77 RIATA

Neighborhood

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

Geography

  • Assessors Map Reference: 27 264
  • Account Number: 14820
  • District: 6
  • Parcel: 015A-077
  • Lot: 30
  • Municipality: UNINCORPORATED
  • Latitude: 33.0996
  • Longitude: -84.0279

    Address

  • Full Address: 461 Preakness Way
  • Address - House Number: 461
  • Address - Street Name: Preakness
  • Address - Suffix Type: Way
  • State: GA
  • City Name: Forsyth
  • Carrier Code: R006
  • 4-Digit Zip Code: 5371
  • Zip Code: 31029

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $602,919
  • Tax Rate Code Area: 01

    Appraisal Valuation

  • Standard Deviation: 0.1065
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 89
  • Final Value: 655,140
  • High Value: 724,925
  • Low Value: 585,356

    Market Valuation

  • Market Total Value: $609,200
  • Market Land Value: $30,000
  • Market Improvement Value: $579,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $243,680
  • Assessed Land Value: $12,000
  • Assessed Improvements Value: $231,680

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 01, 2022
  • Current Sale Recording Date: Mar 03, 2022
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022-000335
  • Previous Sale Recording Date: Jul 17, 2020
  • Previous Sale Contract Date: Jul 17, 2020
  • Previous Sale Amount: $425,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Monroe


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals



Frequently Asked Questions

When was property at 461 Preakness Way built and last sold?
The property at 461 Preakness Way was built in 2020 and last sold on Mar 1, 2022 for $615,000.
How much is this home worth?
The estimated value of the home located at 461 Preakness Way is $0.
What are some comparable homes to 461 Preakness Way?
There are currently no comparable homes to 461 Preakness Way.