477 Lory Ln · Grovetown, GA 30813

$285,000

4 bd · 2.0 ba · 2,143 sqft · Other public records · 26 Days on market

Built 2015

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +12.9/30.0
• ARV discount +7.5/15.0
• Schools +4.5/10.0
• DSCR +3.9/10.0
• Livability +3.7/5.0
• 1% rule +3.3/10.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Crown Communities most affordable Columbia County neighborhood! This Pamir Place exclusive plan- The O'HARA- is our MOST AFFORDABLE PLAN. Home features an open floor plan w/ 9' smooth ceilings, granite countertops in your kitchen w/ a wrap around granite bar top, tiled backsplash, 42” Wood Cabinets, hardwood flooring, Brick Accent exteriors, beautiful arched openings on your main level, coffered ceilings in your dining room & vaulted ceilings in your BR's. The large owner's suite offers a massive closet, garden tub, separate shower & vanity. Your home boasts gorgeous picture frame and crown molding throughout. Your fully lawn includes an automatic sprinkler system in the front. Where else would you be able to find this much square footage and ALL the included features for this price? VISIT OUR MODEL HOME AT 451 LORY LANE TO PICK YOUR LOT. OPEN DAILY FROM 11-7

Key facts

• Front and back porch
• Walk-in shower
• Electric fireplace

Tags

• CORNER LOT
• FRONT AND BACK PORCH
• ELECTRIC FIREPLACE
• GRANITE COUNTERTOPS
• GARDEN TUB
• WALK-IN SHOWER

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath other listed at $285k.

Deal economics

• At list price, monthly cash flow is $-19 ($-232/yr) — negative.
• To cash-flow at today's rent, offer at most $282k (1.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $235k (17.5% below list).
• Recommended offer: $235k (17.5% below list) — sets the bar for 1% rule.
• Cap rate 6.2% vs local median 4.6% in Grovetown — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#57 in GA) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: schools C-, amenities F, commute F.
• Columbia County (suburban): math 49% / reading 52% proficiency, ranked #13 of 174 in GA (top 8%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising (+1.1%/yr); 737 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 45% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,213 units permitted in Columbia County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($87k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Columbia County population projected at +62% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($281k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 16y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 59% chance of damaging wind over 30y; extreme-heat days projected 7→18/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $235,152 (17.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.83% ✗
• Cap rate: 6.21%
• Cash-on-cash: -0.29%
• DSCR: 0.99
• GRM: 10.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.15% rent growth · sell at horizon

5-year hold

• IRR: -18.8%
• Equity multiple: 0.35×
• Total profit: $-51,731
• Equity at exit: $42,494

10-year hold

• IRR: -15.3%
• Equity multiple: 0.20×
• Total profit: $-63,710
• Equity at exit: $24,642

Cash invested: $79,800 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Georgia: 90 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

Magistrate court evictions in 10-30 days; no rent control; preempted; few tenant protections.

Methodology + full state rankings →

ZIP-level market 30813

• Home prices YoY: -29.2%
• Rents YoY: 1.1%
• Active inventory: 737
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $2,352 high
• Mortgage (P&I): −$1,495
• Tax from tax record: −$264 /mo · $3,164/yr
• Insurance: −$119
• HOA: −$0
• Vacancy / Maint / Mgmt: −$494
• Net cashflow: $-19

Break-even live

Break-even rent $2,376

Max offer price $281,590

Occupancy floor 96%

Sensitivity live

Price	-10% $142	-5% $61	+0% $-19	+5% $-100	+10% $-181
Rent	-10% $-205	-5% $-112	+0% $-19	+5% $74	+10% $166
Rate	-1.0pp $124	-0.5pp $53	base $-19	+0.5pp $-93	+1.0pp $-168

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $71,250
• Closing costs: $8,550
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
495 Lory Ln Grovetown, GA	4.0	2.5	2690	$2,200	$0.82	45d	1	0.09mi
156 Swinton Pond Rd Grovetown, GA	4.0	2.5	2294	$2,300	$1.00	45d	1	0.27mi
1240 Sambar Cir Grovetown, GA	5.0	3.0	2648	$2,300	$0.87	45d	1	0.28mi
479 Sebastian Dr Grovetown, GA	4.0	2.5	2517	$2,200	$0.87	45d	1	0.31mi
1253 Birch Cir Grovetown, GA	4.0	2.0	1776	$2,100	$1.18	45d	1	0.39mi
1203 Sambar Cir Grovetown, GA	5.0	3.5	2846	$2,750	$0.97	15d	1	0.43mi
532 Myrtle Crst Grovetown, GA	5.0	3.5	2833	$2,395	$0.85	25d	1	0.46mi
3402 Grove Landing Cir Grovetown, GA	5.0	3.0	2854	$2,561	$0.90	25d	1	0.71mi
3375 Grove Landing Cir Grovetown, GA	4.0	3.0	2500	$2,200	$0.88	45d	1	0.76mi
1161 Fawn Forest Rd Grovetown, GA	4.0	2.0	1865	$2,700	$1.45	45d	1	0.81mi
3333 Grove Landing Cir Grovetown, GA	5.0	3.0	2696	$2,220	$0.82	25d	1	0.94mi
4041 Rosedale Pl #1 Grovetown, GA	3.0	2.0	1516	$1,800	$1.19	45d	1	1.01mi
4041 Rosedale Pl #1 Grovetown, GA	3.0	2.0	1516	$1,800	$1.19	25d	1	1.01mi
945 Cannock St Grovetown, GA	4.0	2.0	1786	$2,000	$1.12	25d	1	1.05mi
4023 Rosedale Pl Grovetown, GA	3.0	2.0	1402	$1,935	$1.38	15d	1	1.08mi
2612 Waites Dr Grovetown, GA	5.0	3.0	2754	$2,295	$0.83	45d	1	1.35mi
918 Williford Run Dr Grovetown, GA	4.0	2.5	2190	$2,195	$1.00	15d	1	1.44mi
1101 Clareton Dr Grovetown, GA	3.0	3.0	1601	$1,895	$1.18	25d	1	1.44mi
2057 Lake Forest Dr Grovetown, GA	4.0	2.0	1737	$1,825	$1.05	15d	1	1.45mi
2467 Newbury Ave Grovetown, GA	4.0	3.0	2236	$2,300	$1.03	15d	1	1.50mi

Listing history 34 events

1. 2026-06-22
   days on market $285,000 Active 26 DOM
2. 2026-06-18
   days on market $285,000 Active 23 DOM
3. 2026-06-17
   days on market $285,000 Active 22 DOM
4. 2026-06-16
   days on market $285,000 Active 21 DOM
5. 2026-06-15
   days on market $285,000 Active 20 DOM
6. 2026-06-14
   days on market $285,000 Active 18 DOM
7. 2026-06-13
   days on market $285,000 Active 17 DOM
8. 2026-06-10
   days on market $285,000 Active 15 DOM
9. 2026-06-09
   days on market $285,000 Active 14 DOM
10. 2026-06-08
    days on market $285,000 Active 13 DOM
11. 2026-06-07
    days on market $285,000 Active 12 DOM
12. 2026-06-03
    days on market $285,000 Active 8 DOM
13. 2026-06-02
    days on market $285,000 Active 7 DOM
14. 2026-06-01
    days on market $285,000 Active 6 DOM
15. 2026-05-31
    days on market $285,000 Active 5 DOM
16. 2026-05-30
    days on market $285,000 Active 4 DOM
17. 2026-05-26
    listed $285,000 Active
18. 2026-02-13
    price $139,990 889-char remark

    Show marketing remark (889 chars)

    Crown Communities most affordable Columbia County neighborhood! This Pamir Place exclusive plan- The O'HARA- is our MOST AFFORDABLE PLAN. Home features an open floor plan w/ 9' smooth ceilings, granite countertops in your kitchen w/ a wrap around granite bar top, tiled backsplash, 42” Wood Cabinets, hardwood flooring, Brick Accent exteriors, beautiful arched openings on your main level, coffered ceilings in your dining room & vaulted ceilings in your BR's. The large owner's suite offers a massive closet, garden tub, separate shower & vanity. Your home boasts gorgeous picture frame and crown molding throughout. Your fully lawn includes an automatic sprinkler system in the front. Where else would you be able to find this much square footage and ALL the included features for this price? VISIT OUR MODEL HOME AT 451 LORY LANE TO PICK YOUR LOT. OPEN DAILY FROM 11-7

19. 2025-07-31
    historical 889-char remark

    Show marketing remark (889 chars)

    Crown Communities most affordable Columbia County neighborhood! This Pamir Place exclusive plan- The O'HARA- is our MOST AFFORDABLE PLAN. Home features an open floor plan w/ 9' smooth ceilings, granite countertops in your kitchen w/ a wrap around granite bar top, tiled backsplash, 42” Wood Cabinets, hardwood flooring, Brick Accent exteriors, beautiful arched openings on your main level, coffered ceilings in your dining room & vaulted ceilings in your BR's. The large owner's suite offers a massive closet, garden tub, separate shower & vanity. Your home boasts gorgeous picture frame and crown molding throughout. Your fully lawn includes an automatic sprinkler system in the front. Where else would you be able to find this much square footage and ALL the included features for this price? VISIT OUR MODEL HOME AT 451 LORY LANE TO PICK YOUR LOT. OPEN DAILY FROM 11-7

20. 2025-04-19
    listed $569,900 889-char remark

    Show marketing remark (889 chars)

    Crown Communities most affordable Columbia County neighborhood! This Pamir Place exclusive plan- The O'HARA- is our MOST AFFORDABLE PLAN. Home features an open floor plan w/ 9' smooth ceilings, granite countertops in your kitchen w/ a wrap around granite bar top, tiled backsplash, 42” Wood Cabinets, hardwood flooring, Brick Accent exteriors, beautiful arched openings on your main level, coffered ceilings in your dining room & vaulted ceilings in your BR's. The large owner's suite offers a massive closet, garden tub, separate shower & vanity. Your home boasts gorgeous picture frame and crown molding throughout. Your fully lawn includes an automatic sprinkler system in the front. Where else would you be able to find this much square footage and ALL the included features for this price? VISIT OUR MODEL HOME AT 451 LORY LANE TO PICK YOUR LOT. OPEN DAILY FROM 11-7

21. 2024-09-23
    soldstatus $279,900
22. 2024-09-20
    soldstatus $279,900 647-char remark

    Show marketing remark (647 chars)

    PRICE REDUCTION! This corner lot, 4 bedroom, 2.5 bathroom home is centrally located in Grovetown and is close to Ft. Eisenhower, shopping and dining. LVP in downstairs living areas with new carpet upstairs. The spacious kitchen has granite counter tops. The dining room opens up to the family room with fireplace. All bedrooms are upstairs. The owner's suite includes a large walk-in closet. The ensuite bathroom has a jetted tub with separate shower and double sink vanity. Laundry room is upstairs. Contact me to schedule a showing! If square footage, room measurements and schools information is important, please double check this information.

23. 2024-09-20
    soldstatus $279,900

    Show marketing remark (647 chars)

    PRICE REDUCTION! This corner lot, 4 bedroom, 2.5 bathroom home is centrally located in Grovetown and is close to Ft. Eisenhower, shopping and dining. LVP in downstairs living areas with new carpet upstairs. The spacious kitchen has granite counter tops. The dining room opens up to the family room with fireplace. All bedrooms are upstairs. The owner's suite includes a large walk-in closet. The ensuite bathroom has a jetted tub with separate shower and double sink vanity. Laundry room is upstairs. Contact me to schedule a showing! If square footage, room measurements and schools information is important, please double check this information.

24. 2024-05-27
    listed $279,900 647-char remark

    Show marketing remark (647 chars)

    PRICE REDUCTION! This corner lot, 4 bedroom, 2.5 bathroom home is centrally located in Grovetown and is close to Ft. Eisenhower, shopping and dining. LVP in downstairs living areas with new carpet upstairs. The spacious kitchen has granite counter tops. The dining room opens up to the family room with fireplace. All bedrooms are upstairs. The owner's suite includes a large walk-in closet. The ensuite bathroom has a jetted tub with separate shower and double sink vanity. Laundry room is upstairs. Contact me to schedule a showing! If square footage, room measurements and schools information is important, please double check this information.

25. 2024-05-27
    listed $279,900

    Show marketing remark (647 chars)

    PRICE REDUCTION! This corner lot, 4 bedroom, 2.5 bathroom home is centrally located in Grovetown and is close to Ft. Eisenhower, shopping and dining. LVP in downstairs living areas with new carpet upstairs. The spacious kitchen has granite counter tops. The dining room opens up to the family room with fireplace. All bedrooms are upstairs. The owner's suite includes a large walk-in closet. The ensuite bathroom has a jetted tub with separate shower and double sink vanity. Laundry room is upstairs. Contact me to schedule a showing! If square footage, room measurements and schools information is important, please double check this information.

26. 2020-01-14
    soldstatus $186,000
27. 2020-01-13
    soldstatus $186,000
28. 2020-01-13
    soldstatus $186,000
29. 2019-09-27
    listed $186,000
30. 2019-09-27
    listed $186,000
31. 2010-10-12
    soldstatus $147,835 Closed 889-char remark

    Show marketing remark (889 chars)

    Crown Communities most affordable Columbia County neighborhood! This Pamir Place exclusive plan- The O'HARA- is our MOST AFFORDABLE PLAN. Home features an open floor plan w/ 9' smooth ceilings, granite countertops in your kitchen w/ a wrap around granite bar top, tiled backsplash, 42” Wood Cabinets, hardwood flooring, Brick Accent exteriors, beautiful arched openings on your main level, coffered ceilings in your dining room & vaulted ceilings in your BR's. The large owner's suite offers a massive closet, garden tub, separate shower & vanity. Your home boasts gorgeous picture frame and crown molding throughout. Your fully lawn includes an automatic sprinkler system in the front. Where else would you be able to find this much square footage and ALL the included features for this price? VISIT OUR MODEL HOME AT 451 LORY LANE TO PICK YOUR LOT. OPEN DAILY FROM 11-7

32. 2010-10-12
    soldstatus $147,835

    Show marketing remark (889 chars)

    Crown Communities most affordable Columbia County neighborhood! This Pamir Place exclusive plan- The O'HARA- is our MOST AFFORDABLE PLAN. Home features an open floor plan w/ 9' smooth ceilings, granite countertops in your kitchen w/ a wrap around granite bar top, tiled backsplash, 42” Wood Cabinets, hardwood flooring, Brick Accent exteriors, beautiful arched openings on your main level, coffered ceilings in your dining room & vaulted ceilings in your BR's. The large owner's suite offers a massive closet, garden tub, separate shower & vanity. Your home boasts gorgeous picture frame and crown molding throughout. Your fully lawn includes an automatic sprinkler system in the front. Where else would you be able to find this much square footage and ALL the included features for this price? VISIT OUR MODEL HOME AT 451 LORY LANE TO PICK YOUR LOT. OPEN DAILY FROM 11-7

33. 2010-09-09
    soldstatus $81,000
34. 2010-08-30
    listed $139,990

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast GA · Resets to sale price

• Current annual tax: $3,164 · $264/mo
• Projected year-2 tax: $3,164 · $264/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥106°F today · 18 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 59% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,218
• − Mortgage interest: −$15,964
• − Property taxes: −$3,164
• − Insurance: −$1,425
• − Repairs & maintenance: −$2,257
• − Management: −$2,257
• − Depreciation: −$8,291
• Taxable loss: −$5,141
• Est. tax savings @ 24.0%: +$1,234
• After-tax cash flow: $1,002/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Columbia County
• NCES district ID: 1301410
• Math proficiency: 49% ▼ -6.00%
• Reading proficiency: 52% ▼ -4.00%
• Median HH income: $69,358
• Composite: 45.04/100
• National rank: #2695
• State rank: #13 of 174 in GA

Livability — Grovetown

• Score: 73/100
• State rank: #57
• US rank: #5433

Category grades

Amenities F Commute F Cost of living A+ Crime A+ Employment B- Housing A+ Health & safety B+ User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Grovetown, GA
• County: Columbia County · 154,184 people
• City population: 52,466
• Metro: Augusta-Richmond County, GA-SC
• Population (ZIP): 52,466
• Household income: $86,923
• Rent vs Own: 27.2% rent · 72.8% own
• Severe rent burden: 960.0

Population outlook (Columbia County) Hauer SSP2

• Today (2025): 189,073 people
• By 2030: 212,277 · +12.3%
• By 2040: 259,480 · +37.2%
• By 2050: 306,991 · +62.4%
• By 2075: 421,213 · +122.8%
• By 2100: 496,722 · +162.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.65)
• Race & ethnicity: White 51% Black 29% Hispanic / Latino 11% Two or more races 10% Asian 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 3%
• Common ancestry: Italian 2% Serbian 1% Lithuanian 1%
• Foreign-born: 6% · Canada, Vietnam
• Languages at home: 88% English-only · Spanish 7% German/W. Germanic 2% Other Indo-European 1%

Political lean MEDSL · Columbia

• 2024 margin: Strong R (+25.6) · D 36.8% · R 62.5%
• 2008→2024 swing: +17.0pp toward D · 2008: -42.7pp · 2024: -25.6pp
• All cycles: 2024: R+25.6 2020: R+25.8 2016: R+37.7 2012: R+43.0 2008: R+42.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -96.24%
• Current HPI: 233.821
• Rent YoY: ▲ 1.15%
• Metro: Augusta-Richmond County, GA-SC
• State GDP YoY: ▲ 2.66%
• F500 in state: 28

Industry mix (Fortune 500 HQ in GA)

Industry	F500 HQs	Revenue
▸Paper / Packaging	2	$29B
▸Retail	1	$160B
▸Transportation / Logistics	1	$91B
▸Airlines	1	$62B
▸Consumer Goods	1	$47B
▸Utilities	1	$25B

Price history

+103.6% since first listed

18 events — show timeline

• 2026-05-26 Listed $285,000 FSBO.com
• 2026-02-13 Price Changed $139,990 Hive MLS
• 2025-07-31 Listing Removed — Hive MLS
• 2025-04-19 Listed $569,900 Hive MLS
• 2024-09-23 Sold (Public Records) $279,900 Public Records
• 2024-09-20 Sold (MLS) $279,900 Hive MLS
• 2024-09-20 Sold (MLS) $279,900 Hive MLS
• 2024-05-27 Listed $279,900 Hive MLS
• 2024-05-27 Listed $279,900 Hive MLS
• 2020-01-14 Sold (Public Records) $186,000 Public Records
• 2020-01-13 Sold (MLS) $186,000 Hive MLS
• 2020-01-13 Sold (MLS) $186,000 Hive MLS
• 2019-09-27 Listed $186,000 Hive MLS
• 2019-09-27 Listed $186,000 Hive MLS
• 2010-10-12 Sold (MLS) $147,835 Hive MLS
• 2010-10-12 Sold (MLS) $147,835 Hive MLS
• 2010-09-09 Sold (Public Records) $81,000 Public Records
• 2010-08-30 Listed $139,990 Hive MLS

Property tax history

+4.6%/yr

Latest (2025): $3,164 · +1.0% YoY. Source: county tax records.