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Grady 39827
516 Mathis Road
$76,000
● House - Off Market

516 Mathis Road

Cairo, GA 39827
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,342 Ft²
$415
Est. Monthly

About This Property

If peace and quiet is what you're looking for, then this property is waiting on you! This 2 bedroom/1 bath is situated on .53 acres in the country. New interior and exterior paint, most of the home has new flooring, a brand-new AC unit and a workshop/storage shed great for projects or make into a hang out area. Call today to schedule a tour.
Unit Size
1,342 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$58
Property Type
House
Property Taxes
$32
HOA Dues
-
Year Built
1939

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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 (GAMLS #)

Price History

Date / Event Date Event Price
Jan 16, 2024 Sold
Premium
Sold
Aug 10, 2023 Listed $78,000
Listed
Aug 3, 2022 Sold
Premium
Sold
Jul 29, 2022 No longer available -
No longer available
Jul 23, 2022 In contract -
In contract
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1967
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 1
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 5
  • Floor Count: 100
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,087
  • Total Building Area: 1,342
  • Building Area: 1,342
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,342
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: C L HAWTHORNE
  • Land Acres: 0000000530
  • Standard Land Use Code: 1001
  • County Land Use Code: 001

Neighborhood

  • School District Name: Grady County School District
  • School Tax School District: COUNTY
  • Census Tract: 950401

Geography

  • Account Number: 4965
  • District: 17
  • Parcel: 00650106
  • Lot: 296
  • Municipality: GRADY
  • Latitude: 30.9456
  • Longitude: -84.1663

    Address

  • Full Address: 516 Mathis Rd
  • Address - House Number: 516
  • Address - Street Name: Mathis
  • Address - Suffix Type: Rd
  • State: GA
  • City Name: Cairo
  • Carrier Code: R002
  • 4-Digit Zip Code: 5532
  • Zip Code: 39827

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $38,192
  • Tax Rate Code Area: 3

    Appraisal Valuation

  • Standard Deviation: 0.1452
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 82
  • Final Value: 70,882
  • High Value: 81,179
  • Low Value: 60,584

    Market Valuation

  • Market Total Value: $31,018
  • Market Land Value: $2,671
  • Market Improvement Value: $28,347

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,407
  • Assessed Land Value: $1,068
  • Assessed Improvements Value: $11,339

    Sales

  • Current Sale Contract Date: Jan 15, 2024
  • Current Sale Recording Date: Jan 16, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Aug 03, 2022
  • Previous Sale Contract Date: Jul 27, 2022
  • Previous Sale Amount: $39,000
  • 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 Grady

Stats & Trends

Median Asking:

$250,000

Sale Price/ft²

$125

Below Asking

0.04%

Average Days on Market

101

Average Home Size

1522 ft²

Average Home Age

33.4 years

Currently For Sale

22 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: ,
Last Updated: 3 years ago
Data Source: GAMLS
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 516 Mathis Road built and last sold?
The property at 516 Mathis Road was built in 1939 and last sold on Jan 15, 2024 for $76,000.
How much is this home worth?
The estimated value of the home located at 516 Mathis Road is $90,919.
What are some comparable homes to 516 Mathis Road?
There are currently no comparable homes to 516 Mathis Road.
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