87 Horace Carter Rd Lagrange, GA 30240

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3 beds · 2 baths · 2,241 sq ft · Lot Size: 56,628 sq ft · Single Family Home
Est. Property Value: $227,950

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87 Horace Carter Rd is in the 30240 neighborhood of Lagrange, GA. It is located in Troup County and ZIP code 30240. This Single Family Home was built in 1972 and is approximately 53 years old. The single family home spans 2241 sq ft with 3 bedrooms and 2 bathrooms and sits on a 56628 sq ft lot. According to public records, it has a tax-assessed value of $181,700, which is $102 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 87 Horace Carter Rd Lagrange, GA 30240 with Property Intel by Whitepages.

Owners & Occupancy for 87 Horace Carter Rd

This property is owned by Dennis L Merna. Owner contact information includes 5 phone numbers and 4 email addresses.

Property Owners

Cell Phone(706) ***-****View Cell Phone
Residence************
Landline(706) 882-8962
Distance from Property**********
Email Address*******@auburn.eduView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1*************** age 77
Resident 2************** age 78
Resident 3**************

Property Financials for 87 Horace Carter Rd

87 Horace Carter Rd, Lagrange, GA has no known mortgage. The Troup county assessment for 2024 values it at $181,700, with annual taxes of $1,099.

Property Tax

Property Tax Amount$1,099 in 2024
Assessed Value$181,700 on 2024

Investment Potential for 87 Horace Carter Rd

The property has a current estimated value of $227,950, which is 22% above the zip median. Projected long-term rental income is $24,000 annually ($2,000 per month) with a 88% occupancy rate.

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Long-Term

Gross Rental
$24,000 per year($2,000 per month)
Net Operating Income
Cap Rate
Occupancy Rate
88%in 30240 zip code
 
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Property Details for 87 Horace Carter Rd

Property Details

Property Sq Ft

Living Area

2,241 sq ft

42% above market

Lot Size

56,628 sq ft

30% above market

Price Per Sq Ft

Living Area

$102 / sq ft

12% below market

Lot Size Area

$4 / sq ft

20% below market

Property condition, age, exterior, etc. for 87 Horace …
Longitude: -85.094616 Latitude: 33.018167 Parcel Number (APN): 071-2D-000-039…

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Market Benchmarks

Compare data for 87 Horace Carter Rd in Troup County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$227,950
$269,814
-$41,864 (-16%)
$371,166
-$117,316 (-32%)
YoY Price Change
1.59%
-194%
Year Built
1972
1989
-17 years
Living Space
2,241 sq ft
1,684 sq ft
557 (33%)
$ Per Living Sq Ft
$102
$155
-$53 (-34%)
Lot Size
56,628 sq ft
16,553 sq ft
40075 (242%)
$ Per Lot Sq Ft
$4
$15
-$11 (-72%)

Net Operating Income
$17,687
$337 (2%)
Annual Revenue
$24,000
$25,800
-$1,800 (-7%)
$7,552
-$1,576 (-21%)
Net Operating Income
$17,687
$337 (2%)
Cap Rate
6.47%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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