NOT LISTED FOR SALE

100 Fair Oaks Dr Unit 28 Athens, GA 30606

Estimated Value: $269,000 - $1,911,000

71 Beds
56 Baths
30,288 Sq Ft
$24/Sq Ft Est. Value

Last Sold August 01, 2022

Last sale price $4,200,000 $139 Per Sq Ft

Current estimated payment $4,173/month

102 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • 1-Story Property
  • Clarke Central High School Rated A-

About This Home

As of August 2022

With $32,200 per month current rent and market rents of $37100 this stable newer investment is priced to sale. The Fair Oaks and Rustwood community is about 15 minutes from the University of Georgia and downtown. The portfolio consists of 28 neighboring Duplex units (14 Duplexes). There is no HOA. The property is stable, full and has increasing rents. Would provide an investor an opportunity to own stable rentals near in Athens, GA. The three bedroom units are currently renting at $1400 and the 2br units are renting at $1250 to new tenants. So rents are considerably below market value with lot of upside. Many units have granite counters, SS appliances and LVT flooring. Most HVAC's and HWT have been replaced in the last 5-10 years. Most interiors have Luxury Vinyl flooring which holds up for years. The property is positioned for many years of low-cost ownership.

Last Agent to Sell the Property

Ellen West

RAC Properties of Athens, Inc. License #407755 Listed on: 03/22/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,038

Year Built

  • Built in 2001

Parking

  • 56 Parking Spaces

Home Design

  • Duplex
  • Slab Foundation

Interior Spaces

  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 71 Bedrooms
  • 56 Full Bathrooms

Schools

  • Whitehead Road Elementary School
  • Burney-Harris-Lyons Middle School
  • Clarke Central High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Septic Tank

Community Details

  • No Home Owners Association
  • 28 Units
  • Fair Oaks Subdivision

Listing and Financial Details

  • Assessor Parcel Number 061B3 A008, +

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,038

Year Built

Built in 2001

Lot Details

0

Listing Details

  • GarageYN: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Year Built: 2001
  • Subdivision Name: Fair Oaks
  • Above Grade Finished Sq Ft: 30288.0
  • Architectural Style: Ranch
  • Reso Flooring: Other
  • Reso Interior Features: Other
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Full Bathrooms: 56
  • Total Bedrooms: 71
  • Main Level Bathrooms: 56
  • Main Level Bedrooms: 71
  • Stories: 1

Exterior Features

  • Home Warranty: No
  • Construction Type: Other
  • Exterior Features: Other
  • Foundation Details: Slab

Garage/Parking

  • Total Parking Spaces: 56.0

Utilities

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

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Burney-Harris-Lyons

Lot Info

  • Parcel Number: 061B3 A008, +
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 28
  • Number Of Units Total: 1

MLS Schools

  • Elementary School: Whitehead Road Elementary
  • HighSchool: Clarke Central

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2022
Closed on
Aug 1, 2022
Sold by
Sapphire Properties Lp
Bought by
Jaebets Legacy Llc
Seller's Agent
Ellen West
RAC Properties of Athens, Inc.
List Price
$4,500,000
Sold Price
$4,200,000
Premium/Discount to List
-$300,000
-6.67%
Current Estimated Value
$720,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,479,285
Avg. Annual Appreciation
-42.45%
Original Mortgage
$3,320,000
Outstanding Balance
$1,385,291
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
-$664,576

Purchase Details

Closed on
Jan 17, 2019
Sold by
Timberlee Apartments Ii Llc
Bought by
Sapphire Properties Lp

Purchase Details

Closed on
Aug 26, 2010
Sold by
Bank Of New York
Bought by
Timberlee Apartments Llc

Purchase Details

Closed on
May 4, 2010
Sold by
Scogin Teresa A
Bought by
The Bank Of New York Trsutee

Purchase Details

Closed on
Dec 15, 2006
Sold by
Not Provided
Bought by
Timberlee Apartments Llc

Purchase Details

Closed on
Aug 25, 2003
Sold by
Scott Thomas W
Bought by
Fair Oaks Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jaebets Legacy Llc $4,200,000 --
Sapphire Properties Lp -- --
Timberlee Apartments Llc $53,000 --
The Bank Of New York Trsutee $56,250 --
Timberlee Apartments Llc $116,933 --
Fair Oaks Llc $134,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jaebets Legacy Llc $3,320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2022 08/01/22 Sold $4,200,000 -6.7% $139 / Sq Ft
07/02/2022 07/02/22 Pending -- -- --
03/22/2022 03/22/22 For Sale $4,500,000 -- $149 / 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 $4,038 $125,738 $12,000 $113,738
2023 $3,929 $119,823 $10,400 $109,423
2022 $2,697 $84,554 $10,400 $74,154
2021 $2,195 $65,144 $10,400 $54,744
2020 $2,031 $60,261 $8,000 $52,261
2019 $1,638 $48,245 $8,000 $40,245
2018 $1,533 $45,159 $6,400 $38,759
2017 $1,312 $38,640 $6,400 $32,240
2016 $1,187 $34,976 $6,400 $28,576
2015 $1,083 $31,863 $6,400 $25,463
2014 $1,011 $29,680 $6,400 $23,280
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2022

    Ellen West

    RAC Properties of Athens, Inc.

See All Agents

Map

Source: Savannah Multi-List Corporation

MLS Number: CM987306

Savannah Multi-List Corporation

APN: 061B3-A-008

Georgia Clarke County Athens 30606

100 Fair Oaks Dr Unit 28, Athens, GA

This home is located at 100 Fair Oaks Dr Unit 28, Athens, GA 30606 since 22 March 2022 and is currently estimated at $720,715, approximately $23 per square foot. This property was built in 2001. 100 Fair Oaks Dr Unit 28 is a home located in Clarke County with nearby schools including Whitehead Road Elementary School, Burney-Harris-Lyons Middle School, and Clarke Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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