NOT LISTED FOR SALE

Estimated Value: $782,000 - $1,306,010

2 Beds
1 Bath
-- Sq Ft
8,451 Sq Ft Lot

Last Sold October 19, 2021

Last sale price $1,100,000

Est. 2% decrease in value since last sale

Current estimated payment $6,823/month

Highlights

  • City View
  • Corner Lot
  • Central Heating
  • Springdale Park Elementary School Rated A
  • Four Sided Brick Exterior Elevation
  • 4-minute walk to North Highland Park

About This Home

As of October 2021

Calling all investors for a great opportunity on this 4 unit Quadraplex rental building one block from Highland Ave in Virginia Highland. Prime location and mixed commercial/residential zoning. Fully tenant occupied at moment. Underperforming and needs renovation and property optimization. If renovated high end & luxury furnished - monthly rentals for corporate, tv, film & insurance stays would do incredibly well here. Can provide case samples for review. Additionally Airbnb would be excellent return. Both models would generate great ROI. Please do not disturb tenants.

Last Agent to Sell the Property

Jennifer Short Ellis

Keller Williams Realty Northwest, LLC. License #361224 Listed on: 06/01/2021

Keller Williams Realty Northwest, LLC.

Last Buyer's Agent

IZIZI OKPARA

NOT A VALID MEMBER License #374272

NOT A VALID MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,697

Year Built

  • Built in 1920

Lot Details

  • Back Yard Fenced
  • Corner Lot

Home Design

  • Quadruplex
  • Fixer Upper
  • Shingle Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • City Views

Schools

  • Springdale Park Elementary School
  • David T Howard Middle School
  • Midtown High School

Utilities

  • Central Heating
  • Cable TV Available

Community Details

  • 4 Units
  • Virginia Highland Subdivision

Listing and Financial Details

  • Tax Lot 41
  • Assessor Parcel Number 14 001600030323

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,697

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Quadruplex
  • Property Condition: Fixer Upper
  • Year Built: 1920
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Income

Interior Features

  • Window Features: None

Exterior Features

  • Construction Materials: Brick 4 Sides
  • Roof Type: Shingle
  • Fencing: Back Yard
  • View: City

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ceiling Fan(s)
  • Heating: Central
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Subdivision Complex: Virginia Highland

Lot Info

  • Lot: 41
  • Plat Book: 5
  • Plat Page: 127
  • Lot Features: Corner Lot
  • Parcel Number: 14 001600030323
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 11697.00
  • Tax Year: 2020

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Springdale Park
  • High School: Midtown
  • Middle School: David T Howard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 20, 2024
Sold by
Wch Athens Llc
Bought by
Sritan Associates Corp and Yellow Ark Llc
Current Estimated Value
$1,075,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$783,450
Outstanding Balance
$200,900
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$874,770

Purchase Details

Closed on
Nov 7, 2023
Sold by
Sovereign Entertainment Inc
Bought by
Wch Athens Llc

Purchase Details

Listed on
Jun 1, 2021
Closed on
Oct 19, 2021
Sold by
Freed Michael
Bought by
Sovereign Entertainment Llc
Seller's Agent
Jennifer Short Ellis
Keller Williams Realty Northwest, LLC.
Buyer's Agent
IZIZI OKPARA
NOT A VALID MEMBER
List Price
$1,250,000
Sold Price
$1,100,000
Premium/Discount to List
-$150,000
-12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.55%
Original Mortgage
$800,000
Interest Rate
2.88%
Mortgage Type
Commercial
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
Sritan Associates Corp $775,000 --
Wch Athens Llc $800,000 --
Sovereign Entertainment Llc $1,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sritan Associates Corp $783,450
Previous Owner Sovereign Entertainment Llc $800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2021 10/19/21 Sold $1,100,000 -12.0% --
08/25/2021 08/25/21 Price Changed $1,250,000 0.0% --
08/25/2021 08/25/21 For Sale $1,250,000 -16.7% --
06/28/2021 06/28/21 Pending -- -- --
06/01/2021 06/01/21 For Sale $1,500,000 -- --
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 $13,976 $438,120 $106,120 $332,000
2023 $18,138 $438,120 $106,120 $332,000
2022 $17,091 $422,320 $106,120 $316,200
2021 $11,566 $285,520 $106,120 $179,400
2020 $11,697 $285,520 $106,120 $179,400
2019 $1,870 $285,520 $106,120 $179,400
2018 $9,509 $285,520 $106,120 $179,400
2017 $9,898 $285,520 $106,120 $179,400
2016 $9,896 $285,520 $106,120 $179,400
2015 $11,143 $285,520 $106,120 $179,400
2014 $10,276 $287,000 $106,120 $180,880
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6880965

First Multiple Listing Service (FMLS)

APN: 14-0016-0003-032-3