$271,500
●
House -
Off Market
661 Locust Road
Locust Grove, GA 30248
3 Beds
2 Baths
$1,440
Est. Monthly
7.21%
Cap Rate
About This Property
Come see this ranch-style home in Locust Grover. This home is a
testament of thoughtful renovation and modern living.From the large
front porch to the garage turned flex space, every detail has been
covered.The large patio overlooking almost over 1-acre of land.
Brand new roof and generous sized private driveway . Inside you
will find beautiful french doors, cozy fireplace and recess
lighting throughout ,creating a warm ambience w/ a modern touch.Two
fully renovated bathrooms, master bathroom includes a double
vanity.This home has updated HVAC, boiler and new electrical
system.The perfect blend of style, comfort, and peace of mind.
Perfect place to call home.
Unit Size
-
Days on Market
-
Land Size
0.10 acres
Price per sqft
-
Property Type
House
Property Taxes
$138
HOA Dues
-
Year Built
1994
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #10204417)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 4, 2023 | Sold | ||
| Sold | |||
| Sep 17, 2023 | Listed by Compass | $265,000 | |
| Listed by Compass | |||
| Sep 11, 2023 | No longer available | - | |
| No longer available | |||
| Aug 29, 2023 | Price Decreased |
$319,000
↓ $11K
(3.3%) | |
| Price Decreased | |||
| Aug 7, 2023 | Listed by Peachtree Road Realty Associates LLC | $329,900 | |
| Listed by Peachtree Road Realty Associates LLC | |||
| | |||
|
Located in in Grove Pointe community. This beautiful renovated ranch is a must see. the 3 bedroom, 2bath sits on little over an acre lot. Spacious kitchen with lots of cabinet space opens family room with a fireplace, separate dining area, owner's suite has nice sized walk in closet, spa like master bath with double vanity, large back yard with deck for BBQ or to just sit and enjoy the view while drinking your favorite beverage. The bonus room can be used for office or extra family living area. Quiet and peaceful, this home is a wonderful place to call home. Schedule for an appointment. The manager has listed the unit size as 2067 square feet.
| |||
Show More
Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Grove Pointe
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Kayla Dieppa, Compass
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10204417
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10204417
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.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017