$99,111
SOLD DEC 4, 2024

1151 Rankin St Unit 5A Stone Mountain, GA 30083

-- Bed
-- Bath
-- Sq Ft
436 Sq Ft Lot

Recently Sold

24% Below List Price

43 Days on Market

About This Home

As of December 2024

Investor Opportunity! This fully renovated 2-bedroom, 1.5-bath townhome is ideally situated just steps from both Stone Mountain Park and Downtown Stone Mountain. Featuring brand new stainless steel appliances, stylish LVP flooring, and sleek quartz countertops, this move-in ready home offers modern living with minimal upkeep. This is one of two units for sale, which can be purchased separately or together, and both units are currently rented at $1,475/month and $1,550/month respectively, making this an ideal income-generating investment. Enjoy consistent cash flow in a growing area with high rental demand. With its prime location near local attractions and outdoor recreation, this property is perfect for long-term rental or short-term vacation rentals like Airbnb or Travel Nursing. Don't miss this high-demand opportunity in a rapidly growing area!

Last Agent to Sell the Property

Charlene Collier

Keller Williams West Atlanta License #437716 Listed on: 10/09/2024

Keller Williams West Atlanta

Last Buyer's Agent

Addison Manus

BHGRE Metro Brokers License #441130

BHGRE Metro Brokers

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,341

Year Built

  • Built in 1971

Parking

  • Assigned Parking

Home Design

  • Vinyl Siding

Schools

  • Stone Mountain Elementary And Middle School
  • Stone Mountain High School

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities

Additional Features

  • 2-Story Property
  • 436 Sq Ft Lot

Community Details

  • Property has a Home Owners Association
  • Association fees include ground maintenance
  • Stone Mountain West Condo Subdivision

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,341

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1971
  • Financing Type: Cash
  • Levels: Two
  • Lot Size Acres: .01
  • Structure Type: Townhouse
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Basement: None

Exterior Features

  • Construction Materials: Vinyl Siding
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Assigned

Utilities

  • Cooling: Central Air
  • Heating: Central, Forced Air
  • Sewer: Public Sewer
  • Utilities: Sewer Connected, Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Community Features: None

Fee Information

  • Association Fee Includes: Maintenance Grounds, Other

Schools

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

Rental Info

  • Owner Pays: Other

Tax Info

  • Year: 2023
  • Tax Annual Amount: 2341.11

Multi Family

  • NumberOfUnitsTotal: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2024
Closed on
Dec 4, 2024
Sold by
Weightman Darin Thomas
Bought by
Sweet Suites Bed & Beach Inc
Seller's Agent
Charlene Collier
Keller Williams West Atlanta
Buyer's Agent
Addison Manus
BHGRE Metro Brokers
List Price
$129,900
Sold Price
$99,111
Premium/Discount to List
-$30,789
-23.7%
Views
24
Current Estimated Value
$106,760

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,649
Avg. Annual Appreciation
9.03%

Purchase Details

Closed on
Sep 20, 2022
Sold by
Opendoor Property Trust I
Bought by
Weightman Darin Thomas and Weightman Priscilla

Purchase Details

Closed on
Jun 17, 2022
Sold by
New Mountains Acquisitions Llc
Bought by
Opendoor Property Trust I

Purchase Details

Closed on
Apr 29, 2020
Sold by
Francis Ainsworth
Bought by
New Mountains Acquisitions Llc

Purchase Details

Closed on
Apr 20, 2006
Sold by
Precise Rlty Grp Llc
Bought by
Yancy Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,900
Interest Rate
10.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2005
Sold by
Anthony Jason
Bought by
Deutsche Bank Natl Trust Co
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $99,111 --
Warranty Deed $112,000 --
Warranty Deed $140,000 --
Warranty Deed -- --
Deed $161,000 --
Foreclosure Deed $125,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $144,900 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2024 12/04/24 Sold $99,111 -16.7% --
11/21/2024 11/21/24 Pending -- -- --
11/13/2024 11/13/24 Price Changed $119,000 -8.4% --
10/09/2024 10/09/24 For Sale $129,900 -- --
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 $3,588 $62,720 $10,000 $52,720
2023 $3,588 $44,800 $3,840 $40,960
2022 $2,275 $38,000 $4,000 $34,000
2021 $1,464 $22,000 $4,000 $18,000
2020 $1,298 $17,920 $4,000 $13,920
2019 $1,203 $16,000 $4,000 $12,000
2018 $683 $12,720 $4,000 $8,720
2017 $1,431 $21,640 $3,895 $17,745
2016 $610 $9,920 $600 $9,320
2014 $559 $9,120 $600 $8,520
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Georgia MLS

MLS Number: 10392500

Georgia MLS

APN: 18-126-18-005