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Commerce 30529
497 SPRING Street
Listing Courtesy of: Ken Byce, Re/Max Towne Square
$145,000
● House - Off Market

497 SPRING Street

Commerce, GA 30529
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$164,604
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Charming Cottage home on a beautiful lot. 2 bedroom, 1 bath, New LVT flooring thru out home, Great

location in commerce, Storage building, Hurry, this one will not last long. Your buyers will fall

in love with this home. Loaded with Charm.
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$144
Property Type
House
Property Taxes
$44
HOA Dues
-
Year Built
1948

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #6906247)

Price History

Date / Event Date Event Price
Oct 12, 2023 Sold
Premium
Sold
Sep 20, 2023 Listed by Re/Max Towne Square $220,000
Listed by Re/Max Towne Square
Sep 27, 2021 Sold
Premium
Sold
Jun 25, 2021 Listed by Re/Max Towne Square $145,000
Listed by Re/Max Towne Square
Jun 12, 2007 Sold
Premium
Sold
Show More

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1990
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Lot Size Depth Feet: 1,770
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000220
  • Standard Land Use Code: 1001
  • County Land Use Code: R3
  • Legal Description 1: TRACT 1 PLAT BOOK 83 PAGE 70

Neighborhood

  • School District Name: Commerce City School District
  • School Tax School District: COMMERCE
  • Census Tract: 010400

Zoning

  • Zoning: RESIDENTIA

Geography

  • Account Number: 8281
  • Subdivision Tract Number: 1
  • Parcel: C02 135
  • Municipality: COMMERCE
  • Latitude: 34.1935
  • Longitude: -83.4448

    Address

  • Full Address: 497 Spring St
  • Address - House Number: 497
  • Address - Street Name: Spring
  • Address - Suffix Type: St
  • State: GA
  • City Name: Commerce
  • Carrier Code: C002
  • 4-Digit Zip Code: 2941
  • Zip Code: 30529

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $55,064
  • Tax Rate Code Area: 2

    Appraisal Valuation

  • Standard Deviation: 0.0792
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 94
  • Final Value: 215,725
  • High Value: 232,827
  • Low Value: 198,622

    Market Valuation

  • Market Total Value: $90,100
  • Market Land Value: $13,100
  • Market Improvement Value: $77,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,040
  • Assessed Land Value: $5,240
  • Assessed Improvements Value: $30,800

    Sales

  • Current Sale Contract Date: Oct 12, 2023
  • Current Sale Recording Date: Oct 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Sep 27, 2021
  • Previous Sale Contract Date: Sep 27, 2021
  • Previous Sale Amount: $145,000
  • Previous Sale Document Type: 71
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 Commerce

Stats & Trends

Median Asking:

$319,900

Sale Price/ft²

$178

Below Asking

0.03%

Average Days on Market

78

Average Home Size

1699 ft²

Average Home Age

36.1 years

Currently For Sale

56 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

Click here to view more rentals in the neighborhood.
FMLS

Listed by: Ken Byce, Re/Max Towne Square
Last Updated: 3 years ago
Data Source: FMLS, MLS# 6906247
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 497 Spring Street built and last sold?
The property at 497 Spring Street was built in 1948 and last sold on Oct 12, 2023 for $225,000.
How much is this home worth?
The estimated value of the home located at 497 Spring Street is $218,985.
What are some comparable homes to 497 Spring Street?
There are currently no comparable homes to 497 Spring Street.
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