$230,000
SOLD OCT 17, 2023

1181 Commerce St Madison, GA 30650

2 Beds
1.5 Baths
924 Sq Ft
0.26 Acres

Recently Sold

$249 Per Sq Ft

8% Below List Price

38 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • 1 Car Garage
  • Morgan County Primary School Rated A-
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of May 2025

Great for a first home or to use as an investment property. Updated 3-sided brick home near downtown Madison! Two bedrooms and 1.5 bathrooms. Nice size Kitchen with painted cabinets and new butcher block countertops, new range and new sink. Updated flooring and lighting throughout the home. New HVAC, new roof, new interior and exterior paint. New vanities in both bathrooms. Great home with easy access to I-20 and all the shopping and restaurants in downtown Madison!

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,083

Year Built

  • Built in 1980

Parking

  • 1 Car Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1-Story Property
  • Wood Flooring
  • Crawl Space
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms

Schools

  • Morgan County Elementary And Middle School
  • Morgan County High School

Additional Features

  • Property is zoned 037
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Beacon Lights Subdivision

Listing and Financial Details

  • Assessor Parcel Number M23020000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,083

Year Built

Built in 1980

Lot Details

0

Parking

1

Listing Details

  • GarageYN: Yes
  • Inclusions: Ceiling Fans
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 1980
  • Subdivision Name: Beacon Lights
  • Architectural Style: Ranch
  • Reso Flooring: Wood
  • Reso Interior Features: Ceiling Fan(s)
  • Tax Year: 2022
  • Master Plan Zoning: 037
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Range
  • Basement: None, Crawl Space
  • Basement YN: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Total Bedrooms: 4
  • Stories: 1

Exterior Features

  • Waterfront: No
  • Acres: 0.26
  • Home Warranty: No
  • Construction Type: Brick, Other
  • Exterior Features: Other
  • Foundation Details: Crawlspace

Garage/Parking

  • Garage Spaces: 1.0
  • Total Parking Spaces: 1.0

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Morgan County

Lot Info

  • Lot Size Area: 0.26
  • Parcel Number: M23020000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1083.0

MLS Schools

  • Elementary School: Morgan County
  • HighSchool: Morgan County

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2025
Closed on
May 9, 2025
Sold by
Salmeron Emmanuel A
Bought by
Robert Pennington Land & Timber Ii Llc
Seller's Agent
Jason Strantz
Summit Realty Group
Buyer's Agent
Sherry Terrell-Alexander
RE/MAX Around Atlanta Realty
List Price
$245,000
Sold Price
$235,000
Premium/Discount to List
-$10,000
-4.08%
Views
45
Current Estimated Value
$239,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,771
Avg. Annual Appreciation
6.93%

Purchase Details

Listed on
Aug 10, 2023
Closed on
Oct 17, 2023
Sold by
American Investment Ventures Llc
Bought by
Salmeron Emmanuel A
List Price
$249,900
Sold Price
$230,000
Premium/Discount to List
-$19,900
-7.96%
Views
195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.39%
Original Mortgage
$218,500
Interest Rate
7.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2023
Sold by
Jenkins Rose Estate
Bought by
American Investment Ventures Llc

Purchase Details

Closed on
Jun 29, 1990
Sold by
Studdard J C
Bought by
Jenkins Rose
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Limited Warranty Deed $235,000 --
Warranty Deed $230,000 --
Foreclosure Deed $110,000 --
Deed $41,200 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $218,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2025 05/09/25 Sold $235,000 -4.1% $206 / Sq Ft
04/30/2025 04/30/25 Pending -- -- --
04/14/2025 04/14/25 For Sale $245,000 +6.5% $215 / Sq Ft
10/17/2023 10/17/23 Sold $230,000 -8.0% $249 / Sq Ft
09/17/2023 09/17/23 Pending -- -- --
08/10/2023 08/10/23 For Sale $249,900 -- $270 / Sq Ft
Source: Savannah Multi-List Corporation

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,217 $78,886 $12,000 $66,886
2023 $1,092 $37,767 $9,600 $28,167
2022 $1,084 $36,104 $9,600 $26,504
2021 $980 $32,504 $6,000 $26,504
2020 $989 $32,504 $6,000 $26,504
2019 $1,005 $32,504 $6,000 $26,504
2018 $1,011 $32,258 $6,000 $26,258
2017 $1,021 $32,078 $6,000 $26,078
2016 $906 $27,807 $6,000 $21,807
2015 $895 $28,720 $4,000 $24,720
2014 $502 $17,200 $4,000 $13,200
2013 -- $23,080 $4,000 $19,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Savannah Multi-List Corporation

MLS Number: CM1008744

Savannah Multi-List Corporation

APN: M23020000