$385,000
●
House -
Off Market
812 Cherokee Avenue
Monroe, GA 30655
5 Beds
3 Baths,
1
Half Bath
2,479 Ft²
$402,273
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model
About This Property
Incredible opportunity in the City of Monroe - new construction on
.49 acres that is convenient to downtown! The main level features a
large gourmet kitchen with massive island, stainless appliances,
huge walk-in pantry and is open to a family room with fireplace.
Additional main floor features include a flex room that can be used
as an office, living room, or play room, and convenient hall bath.
The upper level boasts a large owner's retreat with trey ceiling
and private bath with dual sinks, over-sized shower, and walk-in
closet. There are four (4) secondary bedrooms, each has a walk-in
closet. The shared hall bathroom has dual sinks, a private room
with a commode and standard tub/shower and an additional private
room with a second commode and stall shower. The laundry room is
conveniently located on the second floor. Additional features
include a covered rear patio that overlooks a large rear yard, and
an over-sized two car side entry garage with remote opener.
Unit Size
2,479 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$155
Property Type
House
Property Taxes
$44
HOA Dues
-
Year Built
2022
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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: 2 years ago (GAMLS #10122727)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 5, 2024 | Sold | ||
| Sold | |||
| Feb 23, 2024 | Listed by Keller Williams Realty Atl Partners | $399,900 | |
| Listed by Keller Williams Realty Atl Partners | |||
| | |||
|
Your Dream Home Awaits less than a mile from Downtown Monroe! This gorgeous 5BR/2.5BA home was recently built in 2022 with no detail missed. Step inside to discover a modern, open-concept living room that exudes style with a beautiful electric fireplace surrounded with shiplap that leads into the breakfast space and kitchen. The Kitchen is the heart of the main floor featuring ample cabinetry space, oversized island and large walk-in pantry. Flex room and half bath rounds out the main level. Upstairs you will find all bedrooms, laundry room and two bathrooms. The Master is oversized with tray ceilings and a primary bathroom featuring a stand up shower, walk in closet, linen closet, and dual sink vanity. The four additional bedrooms all offer their own walk-in closets. The secondary bathroom offers ample privacy with two separate shower and toilet rooms as well as a double vanity. The backyard offers a covered patio and plenty of space for entertaining. Schedule a showing today to see all this home has to offer!
| |||
| Feb 23, 2023 | Sold | ||
| Sold | |||
| Jan 14, 2023 | Listed by Heartland Real Estate | $385,000 | |
| Listed by Heartland Real Estate | |||
| Dec 2, 2021 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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About Monroe
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Listed by: Eric Urmanski, Heartland Real Estate
Last Updated: 2 years ago
Data Source: GAMLS, MLS# 10122727
Last Updated: 2 years ago
Data Source: GAMLS, MLS# 10122727
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.
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