NOT LISTED FOR SALE

1073 Cascade Rd SW Atlanta, GA 30311

Cascade Avenue Neighborhood

Estimated Value: $236,695 - $347,000

3 Beds
2 Baths
1,478 Sq Ft
$197/Sq Ft Est. Value

Last Sold January 09, 2019

Last sale price $165,000 $112 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $1,800/month

About This Home

As of January 2019

Investor opportunity!Originally a duplex,the ground level unit was converted to loft stype apt so building is now a triplex.Units A,B have 2 bdrms,full bath, kitchen, living room.Lower unit has 1 bdrm,1 full bath,laundry area,kitchen.All units have hardwood floors & have been updated in recent years. Each unit is serviced by an oil heater,2 window unit AC's. Long term tenants in place already. Property backs up to public golf course.Large level parking lot. On bus route. Excellent investment opportunity. Positive cash flow!

Last Agent to Sell the Property

Tim Henning

NOT A VALID MEMBER License #260929 Listed on: 11/19/2018

NOT A VALID MEMBER

Last Buyer's Agent

Russel Rogers

Virtual Properties Realty.Net, LLC. License #280012

Virtual Properties Realty.Net, LLC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $318

Year Built

  • Built in 1956

Lot Details

  • 0.33

Home Design

  • Triplex
  • Composition Roof
  • Four Sided Brick Exterior Elevation

Parking

  • 6 Parking Spaces
  • Varies By Unit
  • Driveway Level

Schools

  • M.R. Hollis Innovation Academy Elementary School
  • Bear Creek - Fulton Middle School
  • Creekside High School

Additional Features

  • 0.33 Acre Lot
  • Heating System Uses Oil

Community Details

  • 3 Units

Listing and Financial Details

  • Tax Lot 82
  • Assessor Parcel Number 14 017000010822

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$318

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Triplex
  • Property Condition: Resale
  • Year Built: 1956
  • Special Features: None

Property Details

  • Property: Residential Income

Exterior Features

  • Construction Materials: Brick 4 Sides
  • Roof Type: Composition

Garage/Parking

  • Number Of Parking Spaces: 6
  • Parking Features: Driveway, Level Driveway, Varies by Unit

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Oil

Lot Info

  • Acres: 0.3300
  • Lot: 82
  • Plat Book: 1461
  • Plat Page: 82
  • Lot Dimensions: .30 acre
  • Parcel Number: 14 017000010822
  • Property Attached Yn: No

Tax Info

  • Taxes: 318.00
  • Tax Year: 2017

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: M.R. Hollis Innovation Academy
  • High School: Creekside
  • Middle School: Bear Creek - Fulton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2018
Closed on
Jan 9, 2019
Sold by
Commercial To Residential Llc
Bought by
Divine Dream Homes Llc
Seller's Agent
Tim Henning
NOT A VALID MEMBER
Buyer's Agent
Russel Rogers
Virtual Properties Realty.Net, LLC.
List Price
$160,000
Sold Price
$165,000
Premium/Discount to List
$5,000
3.12%
Current Estimated Value
$291,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,424
Avg. Annual Appreciation
8.65%
Original Mortgage
$194,260
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2015
Sold by
Nemorin Ivan
Bought by
Commercial To Residential Llc

Purchase Details

Listed on
May 4, 2012
Closed on
Jul 5, 2012
Sold by
Bank Of America Na
Bought by
Nemorin Ivan
Seller's Agent
THE FRIENDLY REO TEAM
NOT A VALID MEMBER
Buyer's Agent
Kelly Adams Cooley
NOT A VALID MEMBER
List Price
$14,500
Sold Price
$21,500
Premium/Discount to List
$7,000
48.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.51%

Purchase Details

Closed on
Aug 2, 2011
Sold by
Wilson Sherena M
Bought by
Bank Of America Na

Purchase Details

Closed on
Jul 13, 2007
Sold by
Houses R Us Inc
Bought by
Wilson Sherena M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
6.52%

Purchase Details

Closed on
May 10, 2007
Sold by
Long Bch Mtg Trust 2005-Wl2
Bought by
Houses R Us Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
6.11%

Purchase Details

Closed on
Mar 6, 2007
Sold by
Brooks Latoyia
Bought by
Long Beach Mtg Loan Trust 2005

Purchase Details

Closed on
May 23, 2005
Sold by
Stanford Theresa A
Bought by
Brooks Cartetrix L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,000
Interest Rate
5.74%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jan 29, 1997
Sold by
Lib Prop Ltd
Bought by
Stanford Theresa A

Purchase Details

Closed on
Dec 5, 1995
Sold by
Blakeman Shayne A
Bought by
Lib Props Ltd
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
Divine Dream Homes Llc $165,000 --
Commercial To Residential Llc -- --
Nemorin Ivan $21,500 --
Bank Of America Na $15,500 --
Wilson Sherena M $95,000 --
Houses R Us Inc $74,500 --
Long Beach Mtg Loan Trust 2005 $175,000 --
Brooks Cartetrix L $260,000 --
Stanford Theresa A $62,900 --
Lib Props Ltd $33,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Divine Dream Homes Llc $194,260
Previous Owner Wilson Sherena M $124,000
Previous Owner Houses R Us Inc $78,000
Previous Owner Brooks Cartetrix L $26,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/09/2019 01/09/19 Sold $165,000 +3.1% $112 / Sq Ft
11/21/2018 11/21/18 Pending -- -- --
11/19/2018 11/19/18 For Sale $160,000 +644.2% $108 / Sq Ft
07/05/2012 07/05/12 Sold $21,500 +48.3% $15 / Sq Ft View Prior Sale
05/15/2012 05/15/12 Pending -- -- --
05/04/2012 05/04/12 For Sale $14,500 -- $10 / Sq Ft
Source: First Multiple Listing Service (FMLS)

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 $3,173 $76,280 $30,280 $46,000
2023 $3,239 $78,240 $32,360 $45,880
2022 $2,890 $71,400 $17,920 $53,480
2021 $2,048 $50,560 $17,400 $33,160
2020 $1,843 $45,000 $17,160 $27,840
2019 $487 $31,280 $15,160 $16,120
2018 $704 $17,000 $3,320 $13,680
2017 $318 $7,360 $1,800 $5,560
2016 $319 $7,360 $1,800 $5,560
2015 $797 $7,360 $1,800 $5,560
2014 $334 $7,360 $1,800 $5,560
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2019

    Tim Henning

    NOT A VALID MEMBER

    Section Image
  • Russel Rogers

    Buyer's Agent in 2019

    Russel Rogers

    Virtual Properties Realty

    (404) 324-9277

    45 Total Sales

    Russel Rogers
    Section Image

  • T

    Seller's Agent in 2012

    THE FRIENDLY REO TEAM

    NOT A VALID MEMBER

  • K

    Buyer's Agent in 2012

    Kelly Adams Cooley

    NOT A VALID MEMBER

    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6102400

First Multiple Listing Service (FMLS)

APN: 14-0170-0001-082-2

Georgia Fulton County Atlanta 30311 Cascade Avenue

1073 Cascade Rd SW, Atlanta, GA

Not Listed for Sale

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