NOT LISTED FOR SALE

100 Fair Oaks Dr 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

70 Days on Market

Highlights

  • Ranch Style House
  • No HOA
  • Central Heating and Cooling System
  • Clarke Central High School Rated A-
  • Laundry Room
  • Level Lot

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 $1350 and the 2br units are renting at $1200 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 HVACas 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

Last Buyer's Agent

Glenda Broker

Non-Mls Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,195

Year Built

  • Built in 2001

Lot Details

  • Level Lot

Parking

  • Parking Pad

Home Design

  • Ranch Style House
  • Composition Roof
  • Press Board Siding

Interior Spaces

  • 30,288 Sq Ft Home
  • Crawl Space
  • Laundry Room

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 71 Main Level 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
  • Fair Oaks Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,195

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 2001
  • ArchitecturalStyle: Ranch
  • Financing Type: Conventional
  • Levels: One
  • Property Sub-Type: Other
  • Structure Type: Other
  • Total Finished Area2: 30288
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Oven/Range (Combo)
  • Bedrooms: 71
  • Basement: Crawl Space
  • Total Finished Sq Ft: 30288
  • Above Grade Finished Sq Ft: 30288
  • Interior Amenities: Other
  • Full Bathrooms: 56
  • Flooring: Carpet, Laminate, Other, Vinyl
  • Price Per Square Foot: 148.24

Beds/Baths

  • Main Level Full Bathrooms: 56
  • Bedroom Main Level: 71

Exterior Features

  • Construction Materials: Other, Press Board
  • Lot Features: Level
  • Property Condition: Resale
  • Roof: Composition

Garage/Parking

  • Parking Features: Parking Pad

Utilities

  • Cooling: Central Air, Heat Pump
  • Heating: Central, Heat Pump
  • Laundry Features: Laundry Closet
  • Sewer: Septic Tank
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

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

Tax Info

  • Year: 2021
  • Tax Annual Amount: 2195.35

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.
Buyer's Agent
Glenda Broker
Non-Mls Company
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
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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 -6.5% $139 / Sq Ft
05/31/2022 05/31/22 Pending -- -- --
05/09/2022 05/09/22 Price Changed $4,490,000 -0.2% $148 / Sq Ft
03/22/2022 03/22/22 For Sale $4,500,000 -- $149 / Sq Ft
Source: Georgia MLS

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

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Map

Source: Georgia MLS

MLS Number: 10031028

Georgia MLS

APN: 061B3-A-008