$265,000
●
House -
For Sale
502 Chestnut Lane
Monroe, GA 30655
3 Beds
2 Baths
1,187 Ft²
$1,532
Est. Monthly
About This Property
Discover the charm of this delightful, well-maintained 3-bedroom,
2-bath brick ranch in an established Monroe neighborhood. This
single-level home includes 1,187 square feet with an easy,
functional layout. The updated kitchen features cabinetry, generous
storage, ample counter space and stainless appliances, while the
spacious living/dining area provides plenty of flexibility for
everyday living and entertaining. The primary bedroom
includes a walk-in closet and private bath with a tub and separate
shower. Two additional bedrooms and a second full bath provide
space for guests or a home office. Outside, enjoy a
rear deck overlooking a shaded backyard with mature trees.
Additional features include a dedicated laundry closet, attached
one-car garage and a newer roof. Conveniently located in Monroe
with easy access to shopping, schools and other area amenities.
Unit Size
1,187 Ft²
Days on Market
23 days
Land Size
0.37 acres
Price per sqft
$223
Property Type
House
Property Taxes
$230
HOA Dues
-
Year Built
1990
Listed By
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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: 23 days ago (GAMLS #10850090)
Price History
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Parking Features: Attached, Garage
Interior Details
Full Bathrooms: 2
Interior Features: Tray Ceiling(s), Walk-In Closet(s), Pulldown Attic Stairs
Appliances: Dishwasher, Electric Water Heater, Refrigerator, Stainless Steel Appliance(s), Oven/Range (Combo)
Flooring Type: Laminate
Laundry Features: Laundry Closet
Basement: None
Exterior Details
Square Footage: 1187
Square Footage Source: $0
Property Condition: Updated/Remodeled
Architectural Style: Ranch, Traditional
Year Built: 1990
Levels: One
Construction Materials: Brick
Lot Features: Cul-De-Sac, Level
Lot Size Area: 16117.2
Lot Size Units: Square Feet
Lot Size Acres: 0.37
Lot Size Square Feet: 16117.2
Water Source: Public
Financial Details
Tax Annual Amount: $2,759
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Forced Air, Heat Pump
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: None
HOA Fee Frequency: Annually
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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HOA + Taxes
About Monroe
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Listed by: Steven Koleno, Beycome Brokerage Realty LLC
Last Updated: 23 days ago
Data Source: GAMLS, MLS# 10850090
Last Updated: 23 days ago
Data Source: GAMLS, MLS# 10850090
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.
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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