This North Macon duplex is suited for owner occupied or individual with a real estate portfolio. The 1109 Valley Rd Unit was built recently and is occupied with a 12 month lease agreement. Renters pay in that unit pay $1,220 per month. The 825 S Forest Lake Dr S unit is owner occupied. This rent estimate for this unit is $1,750 or more. And, the math is very simple and easily understood that your investment is good. For instance, at 10% down on a 30yr conventional loan, you are looking at $13,455 return per year on your investment. Giving the interest rate today, you can get 6.5% or lower interest rate. So, financing about 292.5k for 30 yrs at 6.5%, your mortgage is $1,848.80 per month and your rental income is $2,970. Your monthly ROI is $1,121.20.
Property Details
Property Features
Property Information:
Year Built: 1965
Listing Office:
Office Name: Jubilee Real Estate, Inc.
Listing Agent: David Nasulme
Interior Features
Interior Information:
Basement: Yes
Exterior Features
Parking Information:
Attached Garage: Yes
Parking: Attached, Carport, Detached, Garage, Garage Door Opener, Off Street, Side/Rear Entrance
All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.
DMCA Notice Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/18/2024, 9:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
May 04, 2021
May 04, 2021Home Sold
$102,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$1,555
$40,050
2018
$1,019
$36,396
2017
$733
$33,727
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,690
Per Month
Principal & Interest
$1,623
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,041
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Lane Elementary School
990 Newport Rd
Distance between this listing and this school0.41 miles
Public District Grades PK-5
2
/10
Taylor Elementary School
2976 Crestline Dr
Distance between this listing and this school1.56 miles
Public District Grades PK-5
6
/10
Springdale Elementary School
4965 Northside Dr
Distance between this listing and this school1.59 miles
Public District Grades PK-5
Nearby Schools
5
/10
Miller Middle School
751 Hendley St
Distance between this listing and this school4.23 miles
Public Magnet Grades 6-8
3
/10
Howard Middle School
6600 Forsyth Rd
Distance between this listing and this school4.31 miles
Public District Grades 6-8
2
/10
Appling Middle School
1646B Upper River Rd
Distance between this listing and this school4.80 miles
Public District Grades 6-8
Nearby Schools
3
/10
Howard High School
6400 Forsyth Rd
Distance between this listing and this school4.30 miles
Public District Grades 9-12
4
/10
Central High School
2155 Napier Ave
Distance between this listing and this school4.39 miles
Public District Grades 9-12
2
/10
Northeast High School
1646 Upper River Rd
Distance between this listing and this school4.91 miles
The neighbors living near this home have an average income of $69,427. Residents of Macon, GA typically earn between $35k-100k each year. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Living In Macon, GA
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
What are the common housing types in Macon, GA?
Macon's housing market offers a diverse array of options, with single-family homes being a significant presence. Architectural styles range from historic antebellum to contemporary, reflecting the city's rich history and modern growth. The market is balanced with a mix of older homes, some dating back to the 19th century, and newer constructions that cater to modern living preferences.
What are the advantages of living in Macon, GA?
Macon is celebrated for its historical significance and cultural richness, with landmarks such as the ancient Indian mounds and the annual Cherry Blossom Festival showcasing the city's vibrant community spirit. The area prides itself on its musical heritage, being the birthplace of several legendary musicians, which is echoed in local venues and events.
Are essential services in Macon, GA convenient?
The community is served by a network of public schools, healthcare facilities, and a public library system that cater to the educational and health needs of residents. Retail and dining options are plentiful, offering both local and international cuisine, as well as shopping experiences that range from boutique stores to larger retail centers. The city is attentive to the evolving needs of its residents, with ongoing initiatives to improve and expand services.
How do Macon, GA residents get around?
Macon's transport infrastructure includes a network of roads and highways that connect residents to nearby cities and states. Public transit options are available, providing residents with alternatives to private vehicle use. The city is moderately walkable, with certain areas offering more pedestrian-friendly environments. Efforts are being made to enhance the efficiency and accessibility of the transportation system, including improvements to public transit schedules and routes.
Frequently Asked Questions About 825 Forest Lake Dr S
What is the listing price of this property?
The listing price of 825 Forest Lake Dr S property is $325,000.
What type of property is this?
The property 825 Forest Lake Dr S is a house located in Macon, Georgia, 31210.
Is this property for sale now?
Active Listing: 825 Forest Lake Dr S is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,555 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on May 4, 2021 for $102,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 825 Forest Lake Dr S is 1965.
This home is located at 825 Forest Lake Dr S in Macon, GA and zip code 31210. This home, which was built in 1965, sits on a 0.44 acre lot. It has been listed on Rocket Homes since September 02, 2024 and is currently priced at $325,000.
Macon, GA housing market in October 2024 saw over 17 listings sold above listed price, more than 32 sold at listed price and over 70 sold below. The inventory of homes for sale in Macon, GA between September 2024 and October 2024 increased by 14.1%. In October 2024 median list price was $190,086 and the average listing age was 47 days.
From Rocket Homes Real Estate and based on county public records data.