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Monroe 31029
508 Crescent Drive
$42,680
● Land - Off Market

508 Crescent Drive

Forsyth, GA 31029
bedrooms
Studio
bathrooms
0 Bath
$45,682
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

RIVER FOREST. 2.51 acre river front lot with 690+/- feet of river frontage. Suitable for any foundation type. River Forest is a gated community that offers a championship golf course, full service clubhouse, swim, tennis and exercise facilities.
Unit Size
-
Days on Market
-
Land Size
2.51 acres
Price per sqft
-
Property Type
Land
Property Taxes
$60
HOA Dues
-
Year Built
-

Payment Calculator

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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: 2 years ago (GAMLS #20108443)

Price History

Date / Event Date Event Price
May 2, 2023 Sold
Premium
Sold
Mar 8, 2023 Listed by SouthSide, REALTORS $44,900
Listed by SouthSide, REALTORS
May 23, 2014 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 109,336
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: RIVER FOREST
  • Land Acres: 0000002510
  • Standard Land Use Code: 8001
  • County Land Use Code: R3
  • Legal Description 1: LL 221 LD 4 LOT M15 RIVER FOREST SEC II

Neighborhood

  • School District Name: Monroe County School District
  • School Tax School District: COUNTY
  • Census Tract: 050101

Geography

  • Assessors Map Reference: 28 282
  • Account Number: 14267
  • District: 4
  • Section: 2
  • Parcel: 026M-015
  • Lot: 221
  • Municipality: UNINCORPORATED
  • Latitude: 33.1335
  • Longitude: -84.0116

    Address

  • Full Address: 508 Crescent Dr
  • Address - House Number: 508
  • Address - Street Name: Crescent
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Forsyth
  • Carrier Code: R006
  • 4-Digit Zip Code: 5471
  • Zip Code: 31029

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $64,672
  • Tax Rate Code Area: 01

    Market Valuation

  • Market Total Value: $57,300
  • Market Land Value: $57,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $22,920
  • Assessed Land Value: $22,920

    Sales

  • Current Sale Contract Date: Apr 28, 2023
  • Current Sale Recording Date: May 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023-000513
  • Previous Sale Recording Date: May 23, 2014
  • Previous Sale Contract Date: May 23, 2014
  • Previous Sale Amount: $12,650
  • 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 Monroe

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$173

Below Asking

0.02%

Average Days on Market

89

Average Home Size

2753 ft²

Average Home Age

23.5 years

Currently For Sale

124 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

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GAMLS

Listed by: Chad Tyler, SouthSide, REALTORS
Last Updated: 2 years ago
Data Source: GAMLS, MLS# 20108443
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 508 Crescent Drive built and last sold?
The property at 508 Crescent Drive was built in and last sold on Apr 28, 2023 for $42,700.
How much is this home worth?
The estimated value of the home located at 508 Crescent Drive is $0.
What are some comparable homes to 508 Crescent Drive?
There are currently no comparable homes to 508 Crescent Drive.
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