NOT LISTED FOR SALE

1016 Linam Ave SE Atlanta, GA 30315

Peoplestown Neighborhood

Estimated Value: $391,986 - $525,000

4 Beds
2 Baths
-- Sq Ft
6,098 Sq Ft Lot

Last Sold August 28, 2023

Last sale price $455,000

Est. 2% decrease in value since last sale

Current estimated payment $2,877/month

2 Days on Market

Highlights

  • Property is near public transit
  • Park
  • Central Heating and Cooling System
  • No HOA
  • 1-Story Property

About This Home

As of August 2023

Amazing investment opportunity in Peoplestown just steps from the Beltline! The property is a classic, legal duplex that consists of two separate rentable units; units are both 2/1 with about 625 sq ft each. More recent updates include a new roof, paint, flooring and appliances 2 years ago. Zoning is R-5 which allows for legal multifamily in the city of Atlanta, and the lot is very wide for the neighborhood at 50ft x 121ft. The immediate area has lots of new construction development due to the excellent location which is very close to many amenities and is walkable to The Beltline, The Beacon, the future Terminal South development (adaptive re-use with food hall), DH Stanton Park, as well as the shops and restaurants of Georgia Ave. Investment options are numerous; rent both sides for a long-term hold, owner-occupant can house-hack by living in one side while doing a short-term rental on the other side, or given the generous lot size and proximity to the Beltline one could redevelop into a larger, modern for-sale duplex. Both sides are currently vacant, the electrical is sub-metered, water is shared to the property, and there is no gas bill.

Last Agent to Sell the Property

Kevin Scheiderich

Porch Path Realty License #376532 Listed on: 08/11/2023

Last Buyer's Agent

Alexandra Covett

Bolst, Inc. License #375354

Bolst, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,031

Year Built

  • Built in 1955

Lot Details

  • 6,098

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools
  • Property is near shops

Schools

  • Barack & Michelle Obama Academy Elementary School
  • King Middle School
  • Mh Jackson Jr High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Additional Features

  • 1-Story Property
  • 6,098 Sq Ft Lot

Listing and Financial Details

  • The owner pays for garbage
  • Tax Lot 55

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Peoplestown Subdivision

Recreation

  • Park

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,031

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • District: 14
  • Year Built: 1955
  • Financing Type: Conventional
  • Levels: One
  • Lot Size Acres: .14
  • Structure Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement: None

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Slab
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 2

Utilities

  • Cooling: Central Air, Heat Pump
  • Heating: Central, Heat Pump
  • Sewer: Public Sewer
  • Utilities: Electricity Individual Meters, Sewer Connected, Water Billing Prorated
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Park, Walk To Public Transit, Walk To Schools, Walk To Shopping

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Barack & Michelle Obama Academy
  • High School: MH Jackson Jr
  • Middle School: King
  • Elementary School: Barack & Michelle Obama Academy
  • Middle School: King
  • High School: MH Jackson Jr

Lot Info

  • Land Lot: 55

Rental Info

  • Owner Pays: Garbage

Tax Info

  • Year: 2022
  • Tax Annual Amount: 3031

Multi Family

  • NumberOfUnitsTotal: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2023
Closed on
Aug 28, 2023
Sold by
Grover Zoe E
Bought by
Hogan Grace and Hogan William C
Seller's Agent
Kevin Scheiderich
Porch Path Realty
Buyer's Agent
Alexandra Covett
Bolst, Inc.
List Price
$425,000
Sold Price
$455,000
Premium/Discount to List
$30,000
7.06%
Views
28
Current Estimated Value
$447,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,077
Avg. Annual Appreciation
-1.77%
Original Mortgage
$341,250
Outstanding Balance
$334,466
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$104,859

Purchase Details

Closed on
Aug 12, 2021
Sold by
Scheiderich Kevin
Bought by
Grover Zoe E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,950
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2021
Sold by
Jtre Holdings Llc
Bought by
Scheiderich Kevin and Scheiderich Megan Caroline

Purchase Details

Closed on
Jul 7, 2015
Sold by
Stonefield Investment Fund Iv Llc
Bought by
Venture Assets Llc

Purchase Details

Closed on
Jun 5, 2015
Sold by
Deed Co Llc
Bought by
Stonefield Investment Fund Iv Llc

Purchase Details

Closed on
Apr 7, 2015
Sold by
Jtre Holdings Llc
Bought by
Deed Co Llc

Purchase Details

Closed on
Jan 15, 2014
Sold by
Ym Holdings Llc
Bought by
Jtre Holdings Llc and C/O Wagner Law Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
4.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 2012
Sold by
Agan Cuneyt
Bought by
Ym Holdings

Purchase Details

Closed on
Sep 2, 2008
Sold by
Washington Mutual Bank
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Aug 13, 2007
Sold by
Long Bch Mtg Trust 2005 & Wl1
Bought by
Sshr Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,550
Interest Rate
6.56%

Purchase Details

Closed on
Apr 3, 2007
Sold by
Farrar Joseph A
Bought by
Long Bch Mtg Loan Trust 2005 & W

Purchase Details

Closed on
Feb 25, 2005
Sold by
Sanders Brenda
Bought by
Farrar Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
7.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2004
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Sanders Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,825
Interest Rate
5.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 2004
Sold by
Johnson James
Bought by
Wells Fargo Hm Mtg Inc

Purchase Details

Closed on
Oct 14, 2003
Sold by
Bailey Frederick B
Bought by
Johnson James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.88%
Mortgage Type
New Conventional
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
Hogan Grace $455,000 --
Grover Zoe E $292,500 --
Scheiderich Kevin $230,000 --
Venture Assets Llc $3,300 --
Stonefield Investment Fund Iv Llc -- --
Deed Co Llc $3,000 --
Jtre Holdings Llc -- --
Ym Holdings $25,000 --
Federal Home Loan Mortgage Corporation -- --
Federal National Mortgage Association -- --
Washington Mutual Bank $50,994 --
Sshr Llc $57,900 --
Sanders Maurice $70,000 --
Long Bch Mtg Loan Trust 2005 & W -- --
Farrar Joseph A $170,000 --
Sanders Brenda -- --
Wells Fargo Hm Mtg Inc $104,660 --
Johnson James $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hogan Grace $341,250
Previous Owner Grover Zoe E $243,950
Previous Owner Deed Co Llc $100,000,000
Previous Owner Jtre Holdings Llc $50,000
Previous Owner Ym Holdings Llc $50,000
Previous Owner Sanders Maurice $94,550
Previous Owner Farrar Joseph A $153,000
Previous Owner Sanders Brenda $101,825
Previous Owner Johnson James $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2023 08/28/23 Sold $455,000 +7.1% --
08/13/2023 08/13/23 Pending -- -- --
08/11/2023 08/11/23 For Sale $425,000 -- --
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
2025 $5,086 $160,760 $67,200 $93,560
2023 $5,086 $113,480 $22,680 $90,800
2022 $3,031 $113,480 $22,680 $90,800
2021 $5,130 $126,640 $45,520 $81,120
2020 $4,357 $125,120 $44,960 $80,160
2019 $924 $122,920 $44,160 $78,760
2018 $3,690 $89,120 $42,640 $46,480
2017 $926 $21,440 $5,040 $16,400
2016 $928 $21,440 $5,040 $16,400
2015 $1,794 $21,440 $5,040 $16,400
2014 $972 $21,440 $5,040 $16,400
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2023

    Kevin Scheiderich

    Porch Path Realty

    (678) 522-4663

    3 in this area

    32 Total Sales

    Section Image
  • Alexandra Covett

    Buyer's Agent in 2023

    Alexandra Covett

    Bolst, Inc.

    (770) 337-9123

    1 in this area

    63 Total Sales

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Map

Source: Georgia MLS

MLS Number: 10191301

Georgia MLS

APN: 14-0055-0004-161-1

Georgia Fulton County Atlanta 30315 Peoplestown

1016 Linam Ave SE, Atlanta, GA

This home is located at 1016 Linam Ave SE, Atlanta, GA 30315 since 11 August 2023 and is currently estimated at $457,247. This property was built in 1955. 1016 Linam Ave SE is a home located in Fulton County with nearby schools including Barack and Michelle Obama Academy, King Middle School, and Maynard Holbrook Jackson 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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