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Madison 30565
576 Loyd Nelms Road
Listing Courtesy of: Beth Harrell, GA Realty, LLC.
$272,000
● House - Off Market

576 Loyd Nelms Road

Nicholson, GA 30565
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,463 Ft²
$1,530
Est. Monthly
7.87%
Cap Rate

About This Property

This "New" 1920's home has been completely updated, New Roof, New Siding, Windows, HVAC, Fixtures, Bathroom. New Dishwasher and Range, Bonus Refrigerator. The Well has been inspected,Blue light water treatment installed (leased annually) Septic Pumped, Termite Retreat. Expandable Attic on 5 beautiful acres surrounded by silence.
Unit Size
1,463 Ft²
Days on Market
-
Land Size
5.06 acres
Price per sqft
$195
Property Type
House
Property Taxes
$131
HOA Dues
-
Year Built
1920

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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 #7343575)

Price History

Date / Event Date Event Price
May 31, 2024 Sold
Premium
Sold
Feb 16, 2024 Listed by GA Realty, LLC. $285,000
Listed by GA Realty, LLC.
Jun 28, 2016 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1970
  • 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: 19
  • Interior Walls Type: 18
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Cover: 15
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 220,414
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,463
  • Building Area: 1,463
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 8
  • Heated Square Feet: 1,463
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BETTY INGRAM
  • Land Acres: 0000005060
  • Standard Land Use Code: 1001
  • County Land Use Code: A4
  • Legal Description 1: HSE/TRACT 1

Neighborhood

  • School District Name: Madison County School District
  • School Tax School District: 01-COUNTY
  • Census Tract: 020501

Zoning

  • Zoning: A1

Geography

  • Account Number: 6665
  • Subdivision Tract Number: 1
  • Parcel: 0005 017 A
  • Municipality: COUNTY
  • Latitude: 34.0772
  • Longitude: -83.362

    Address

  • Full Address: 576 Loyd Nelms Rd
  • Address - House Number: 576
  • Address - Street Name: Loyd Nelms
  • Address - Suffix Type: Rd
  • State: GA
  • City Name: Nicholson
  • Carrier Code: R062
  • 4-Digit Zip Code: 4049
  • Zip Code: 30565

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $183,840
  • Tax Rate Code Area: 01-COUNTY

    Appraisal Valuation

  • Standard Deviation: 0.2434
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 65
  • Final Value: 194,004
  • High Value: 241,231
  • Low Value: 146,778

    Market Valuation

  • Market Total Value: $150,554
  • Market Land Value: $70,202
  • Market Improvement Value: $80,352

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $60,222
  • Assessed Land Value: $28,081
  • Assessed Improvements Value: $32,141

    Sales

  • Current Sale Contract Date: Oct 24, 2022
  • Current Sale Recording Date: Oct 28, 2022
  • Current Sale Document Type: 34
  • Current Sale Input Document Number: 2022-001417
  • Previous Sale Recording Date: Jun 12, 2019
  • Previous Sale Contract Date: Jun 12, 2019
  • Previous Sale Amount: $50,000
  • 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 Madison

Stats & Trends

Median Asking:

$339,900

Sale Price/ft²

$189

Below Asking

0.03%

Average Days on Market

86

Average Home Size

2212 ft²

Average Home Age

31.2 years

Currently For Sale

111 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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FMLS

Listed by: Beth Harrell, GA Realty, LLC.
Last Updated: 3 years ago
Data Source: FMLS, MLS# 7343575
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 576 Loyd Nelms Road built and last sold?
The property at 576 Loyd Nelms Road was built in 1920 and last sold on Oct 24, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 576 Loyd Nelms Road is $288,411.
What are some comparable homes to 576 Loyd Nelms Road?
There are currently no comparable homes to 576 Loyd Nelms Road.
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