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Commerce 30529
72 TERRACE Ridge
Listing Courtesy of: Stacey Rucker, CHAPMAN HALL REALTORS
$195,000
● House - Off Market

72 TERRACE Ridge

Commerce, GA 30529
bedrooms
4 Beds
bathrooms
0 Bath
square feet
2,100 Ft²
$343,039
RealtyHop Estimate
75.92%
Since Mar 1, 2016
National-US
Primary Model

About This Property

NEW CONSTRUCTION QUALITY BUILT HOME WITH SO MANY UPGRADES FOR SUCH A SMALL PRICE.
Unit Size
2,100 Ft²
Days on Market
-
Land Size
-
Price per sqft
$93
Property Type
House
Property Taxes
$79
HOA Dues
$27
Year Built
2016

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: 3 years ago (FMLS #5646539)

Price History

Date / Event Date Event Price
Sep 10, 2020 Sold
Premium
Sold
Feb 17, 2016 Sold
Premium
Sold
Jan 12, 2016 Listed by CHAPMAN HALL REALTORS $195,000
Listed by CHAPMAN HALL REALTORS

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • 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: 15
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 540
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,038
  • Total Building Area: 2,250
  • Building Area: 2,250
  • Building Area Measurement: E

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,250
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HILL
  • Land Acres: 0000000460
  • Standard Land Use Code: 1001
  • County Land Use Code: R3
  • Legal Description 1: LOT 28 BLOCK D BELMONT HILLS S/D

Neighborhood

  • School District Name: Commerce City School District
  • School Tax School District: COMMERCE
  • Census Tract: 010400

Zoning

  • Zoning: R1

Geography

  • Account Number: 20957
  • Parcel: 009A 028D
  • Block: D
  • Lot: 28
  • Municipality: COMMERCE
  • Latitude: 34.2022
  • Longitude: -83.4413

    Address

  • Full Address: 72 Terrace Ridge Dr
  • Address - House Number: 72
  • Address - Street Name: Terrace Ridge
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Commerce
  • Carrier Code: R007
  • 4-Digit Zip Code: 2596
  • Zip Code: 30529

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $269,279
  • Tax Rate Code Area: 2

    Appraisal Valuation

  • Standard Deviation: 0.1739
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 77
  • Final Value: 396,042
  • High Value: 464,937
  • Low Value: 327,147

    Market Valuation

  • Market Total Value: $343,000
  • Market Land Value: $66,000
  • Market Improvement Value: $277,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $137,200
  • Assessed Land Value: $26,400
  • Assessed Improvements Value: $110,800

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 10, 2020
  • Current Sale Recording Date: Sep 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020-003373
  • Previous Sale Recording Date: Feb 17, 2016
  • Previous Sale Contract Date: Feb 17, 2016
  • Previous Sale Amount: $195,000
  • 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 Commerce

Stats & Trends

Median Asking:

$319,900

Sale Price/ft²

$177

Below Asking

0.03%

Average Days on Market

79

Average Home Size

1699 ft²

Average Home Age

36.1 years

Currently For Sale

56 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 566 Skye Drive, Commerce, GA, 30529

$2,245 /mo

  • 3 Beds
  • 2 Baths
  • 1,855 ft²
566 Skye Drive, Commerce, GA, 30529
Unit for rent at 647 Skye Drive, Commerce, GA, 30529

$2,300 /mo

  • 4 Beds
  • 2 Baths
647 Skye Drive, Commerce, GA, 30529 Listing by Shawn Kim

Rentals Near You

Click here to view more rentals in the neighborhood.
FMLS

Listed by: Stacey Rucker, CHAPMAN HALL REALTORS
Last Updated: 3 years ago
Data Source: FMLS, MLS# 5646539
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 72 Terrace Ridge Drive built and last sold?
The property at 72 Terrace Ridge Drive was built in 2016 and last sold on Sep 10, 2020 for $259,900.
How much is this home worth?
The estimated value of the home located at 72 Terrace Ridge Drive is $0.
What are some comparable homes to 72 Terrace Ridge Drive?
There are currently no comparable homes to 72 Terrace Ridge Drive.
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