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Monroe 30655
513 FOREST Street
Listing Courtesy of: Andrea Malcom Campbell, Malcom and Malcom Realty Prof, LLC.
$158,000
● House - Off Market

513 FOREST Street

Monroe, GA 30655
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,478 Ft²
$231,570
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

Perfect property for investor or first time home buyer. A lot of square feet for the money - just a little TLC to make this one Home Sweet Home. Lovely split foyer only minutes from beautiful downtown Monroe! Separate living room & dining room - sunroom with gas log heater - additional rooms in lower level could be used as bedrooms - covered back porch.
Unit Size
2,478 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$64
Property Type
House
Property Taxes
$125
HOA Dues
-
Year Built
1971

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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: 3 years ago (FMLS #6554971)

Price History

Date / Event Date Event Price
Sep 30, 2019 Sold
Premium
Sold
May 17, 2019 Listed by Malcom and Malcom Realty Prof, LLC. $158,000
Listed by Malcom and Malcom Realty Prof, LLC.
Aug 27, 2014 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 2002
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 3
  • Basement Area: 999
  • Garage Type: 10
  • Garage Square Area: 480
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,682
  • Total Building Area: 2,478
  • Building Area: 2,478
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,478
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: YOUNG HEIGHTS
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: R3
  • Legal Description 1: LOT#4B YOUNG HEIGHTS

Neighborhood

  • School District Name: Walton County School District
  • School Tax School District: MONROE
  • Census Tract: 110301

Zoning

  • Zoning: R1

Geography

  • Account Number: 18050
  • District: 3
  • Parcel: M0240-119
  • Block: B
  • Lot: 102
  • Municipality: MONROE
  • Latitude: 33.7981
  • Longitude: -83.6839

    Address

  • Full Address: 513 Forest St
  • Address - House Number: 513
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: GA
  • City Name: Monroe
  • Carrier Code: R022
  • 4-Digit Zip Code: 3022
  • Zip Code: 30655

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $340,190
  • Tax Rate Code Area: 01

    Appraisal Valuation

  • Standard Deviation: 0.2131
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 328,812
  • High Value: 398,907
  • Low Value: 258,718

    Market Valuation

  • Market Total Value: $243,250
  • Market Land Value: $45,000
  • Market Improvement Value: $198,250

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $97,300
  • Assessed Land Value: $18,000
  • Assessed Improvements Value: $79,300

    Sales

  • Current Sale Contract Date: Sep 30, 2019
  • Current Sale Recording Date: Sep 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019-003781
  • Previous Sale Recording Date: Aug 27, 2014
  • Previous Sale Contract Date: Aug 27, 2014
  • Previous Sale Amount: $54,000
  • 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 Monroe

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$196

Below Asking

0.03%

Average Days on Market

73

Average Home Size

1795 ft²

Average Home Age

38.3 years

Currently For Sale

136 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

Unit for rent at 508 Royal Court, Monroe, GA, 30656

$1,795 /mo

  • 4 Beds
  • 2 Baths
508 Royal Court, Monroe, GA, 30656

Rentals Near You

Click here to view more rentals in the neighborhood.
FMLS

Listed by: Andrea Malcom Campbell, Malcom and Malcom Realty Prof, LLC.
Last Updated: 3 years ago
Data Source: FMLS, MLS# 6554971
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 513 Forest Street built and last sold?
The property at 513 Forest Street was built in 1971 and last sold on Sep 30, 2019 for $158,000.
How much is this home worth?
The estimated value of the home located at 513 Forest Street is $0.
What are some comparable homes to 513 Forest Street?
There are currently no comparable homes to 513 Forest Street.
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