NOT LISTED FOR SALE

1140 Rays Rd Stone Mountain, GA 30083

Estimated Value: $329,000 - $407,000

3 Beds
2 Baths
2,399 Sq Ft
$158/Sq Ft Est. Value

Last Sold July 18, 2013

Last sale price $61,250 $26 Per Sq Ft

Est. 519% increase in value since last sale

Current estimated payment $2,459/month

33 Days on Market

Highlights

  • Property is walking distance to MARTA
  • Sun or Florida Room
  • Formal Dining Room
  • Ranch Style House
  • Home Office
  • Skylights

About This Home

As of July 2013

THIS WOULD BE A WONDERFUL HOME FOR A 1ST TIME HOMEBUYER WITH DAYLIGHT ENTRY BASEMENT. HOME HAS GREAT POTENTIAL!! SOLD AS-IS, EQUAL HOUSING OPPORTUNITY!! CASE#105-239289 UI(UNINSURED) 203K ELIGIBLE.

Last Listed By

Melissa Hylton

NOT A VALID MEMBER License #256607 Listed on: 06/12/2013

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1969

Lot Details

  • Fenced
  • Level Lot
  • Garden

Home Design

  • Ranch Style House
  • Composition Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • Skylights
  • Fireplace Features Masonry
  • Family Room with Fireplace
  • Living Room
  • Formal Dining Room
  • Home Office
  • Sun or Florida Room
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector
  • Country Kitchen
  • Laundry in Kitchen

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • In-Law or Guest Suite
  • 2 Full Bathrooms

Finished Basement

  • Partial Basement
  • Interior and Exterior Basement Entry
  • Stubbed For A Bathroom
  • Natural lighting in basement

Schools

  • Hambrick Elementary School
  • Stone Mountain Middle School
  • Stone Mountain High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Additional Features

  • Outbuilding
  • Property is walking distance to MARTA

Listing and Financial Details

  • Assessor Parcel Number 1140RaysRD

Home Details

Home Type

Single Family

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Condition: Resale
  • Year Built: 1969
  • Levels Stories: One
  • Special Features: None
  • Stories: 1

Property Details

  • Property: Residential Detached

Interior Features

  • Fireplace Features: Family Room, Masonry
  • Number Of Fireplaces: 1
  • Appliances: Gas Water Heater
  • Interior Amenities: Disappearing Attic Stairs
  • Basement: Bath/Stubbed, Daylight, Exterior Entry, Finished, Interior Entry, Partial
  • Kitchen Features: Country Kitchen
  • Common Walls: No Common Walls
  • Additional Rooms: Living Room, Office, Sun Room
  • Dining Room Features: Separate Dining Room
  • Window Features: Skylight(s)

Beds/Baths

  • Total Bedrooms: 3
  • Bedroom Features: In-Law Suite/Apartment, Master on Main
  • Main Bedrooms: 3
  • Total Full Baths: 2
  • Main Full Bathrooms: 2

Exterior Features

  • Other Structures: Outbuilding
  • Construction Materials: Brick 4 Sides
  • Roof Type: Composition
  • Fencing: Fenced
  • Exterior Features: Garden

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Fire Alarm, Smoke Detector(s)
  • Heating: Forced Air, Natural Gas
  • Laundry Features: In Kitchen

Condo/Co-op/Association

  • Community Features: Near Marta, Sidewalks, Street Lights
  • Association Fee Frequency: Annually
  • Master Association Fee Frequency: Annually

Schools

  • Elementary School: Hambrick
  • Middle School: Stone Mountain
  • High School: Stone Mountain

Lot Info

  • Lot Features: Level
  • Parcel Number: 1140RaysRD
  • Property Attached Yn: No

Tax Info

  • Taxes: 3736.00
  • Close Date: 2013-07-18
  • Tax Year: 2011

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Hambrick
  • High School: Stone Mountain
  • Middle School: Stone Mountain

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 21, 2014
Sold by
Mokennen Ghirmay
Bought by
Salih Nemet
Total Days on Market
33
Current Estimated Value
$379,250

Purchase Details

Closed on
Oct 17, 2013
Sold by
Davis Miriam Gail
Bought by
Davis Miriam Gail

Purchase Details

Listed on
Jun 12, 2013
Closed on
Jul 18, 2013
Sold by
Secretary Of Housing And U
Bought by
Mokennen Ghirmay
Seller's Agent
Melissa Hylton
NOT A VALID MEMBER
Buyer's Agent
NON-MLS NMLS
Non FMLS Member
List Price
$46,000
Sold Price
$61,250
Premium/Discount to List
$15,250
33.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.71%

Purchase Details

Closed on
Feb 5, 2013
Sold by
Allen Richard K
Bought by
Secretary Of Housing And Urban and C/O Deval Corp Westpoint I

Purchase Details

Closed on
Jun 23, 2005
Sold by
Richard K Allen
Bought by
Allen Richard K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,500
Interest Rate
5.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 1993
Sold by
Cocroft John G
Bought by
Allen Richard K Luberta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,750
Interest Rate
7.09%
Mortgage Type
FHA

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
Salih Nemet -- --
Davis Miriam Gail -- --
Heh Paving Inc $22,000 --
Mokennen Ghirmay $61,250 --
Secretary Of Housing And Urban $207,353 --
Allen Richard K -- --
Allen Richard K -- --
Allen Richard K Luberta $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Allen Richard K $274,500
Previous Owner Allen Richard K Luberta $83,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2013 07/18/13 Sold $61,250 +33.2% $26 / Sq Ft
07/15/2013 07/15/13 Pending -- -- --
06/12/2013 06/12/13 For Sale $46,000 -- $19 / 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
2023 $4,276 $154,480 $38,080 $116,400
2022 $3,558 $121,560 $23,800 $97,760
2021 $2,767 $87,280 $23,800 $63,480
2020 $2,806 $88,760 $11,680 $77,080
2019 $2,417 $72,920 $11,680 $61,240
2018 $2,885 $84,400 $11,680 $72,720
2017 $2,336 $66,000 $11,880 $54,120
2016 $2,279 $66,000 $11,880 $54,120
2014 $851 $24,484 $6,404 $18,080
Source: Public Records

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Source: First Multiple Listing Service (FMLS)

MLS Number: 5282927

First Multiple Listing Service (FMLS)

APN: 18-121-05-008