NOT LISTED FOR SALE

1181 Rappahannock Dr Alpharetta, GA 30009

Estimated Value: $447,000 - $878,000

6 Beds
6 Baths
3,264 Sq Ft
$188/Sq Ft Est. Value

Last Sold May 10, 2012

Last sale price $121,100 $37 Per Sq Ft

Est. 406% increase in value since last sale

Current estimated payment $3,517/month

26 Days on Market

Highlights

  • Wooded Lot
  • Cul-De-Sac
  • Level Lot
  • Hembree Springs Elementary School Rated A
  • Forced Air Heating System

About This Home

As of May 2012

Start new year w/ SMART investment! Rent all three or live in one & rent others! Rare multi-unit in Alpharetta and ROSWELL HIGH school district! Large units w/ fireplaces, separate Dining ares w/ slider to decks or patio, kitchen w/ pass through, laundry rm & plenty of outdoor living space on decking & patios. Most private bldg at end of cul-de-sac & wooded lot! Unit 3 is in best condition & ready for move-in.. other two will need some TLC. Units are 1181, 1183 & 1185. Fannie Mae Homepath Property & apprvd for Homepath Renovation Fin w/ little as 3% down! As-Is

Last Agent to Sell the Property

Cindy Crane

Berkshire Hathaway HomeServices Georgia Properties License #150776 Listed on: 01/06/2012

Berkshire Hathaway HomeServices Georgia Properties

Co-Listed By

Les Crane

NOT A VALID MEMBER License #345185

Last Buyer's Agent

Narendran Vellaisamy

Weichert, Realtors - The Collective License #287396

Weichert, Realtors - The Collective

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,262

Year Built

  • Built in 1980

Lot Details

  • 0.33 Acre Lot
  • Cul-De-Sac
  • Level Lot
  • Wooded Lot

Home Design

  • Triplex
  • Frame Construction
  • Composition Roof

Parking

  • 2 Parking Spaces
  • Varies By Unit
  • Driveway

Schools

  • Mimosa Elementary School
  • Haynes Bridge Middle School
  • Roswell High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • 3 Units
  • Old Roswell Corners Subdivision

Listing and Financial Details

  • Legal Lot and Block 10 / B
  • Assessor Parcel Number 1181RappahannockDR

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,262

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Triplex
  • Property Condition: Resale
  • Year Built: 1980
  • Special Features: None

Property Details

  • Property: Residential Income

Exterior Features

  • Construction Materials: Frame
  • Roof Type: Composition

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking Features: Driveway, Varies by Unit

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Forced Air, Natural Gas
  • Utilities: Cable Available

Condo/Co-op/Association

  • Subdivision Complex: Old Roswell Corners

Schools

  • Elementary School: Mimosa
  • Middle School: Haynes Bridge
  • High School: Roswell

Lot Info

  • Acres: 0.3300
  • Lot: 10
  • Land/Lot: 0591
  • Lot Features: Cul-De-Sac, Level, Wooded
  • Lot Dimensions: .339
  • Parcel Number: 1181RappahannockDR
  • Property Attached Yn: No

Multi Family

  • Unit Count: 3
  • Number Of Units Total: 3

Tax Info

  • Taxes: 2262.00
  • Assessor Parcel Number: 12-2371-0591-026
  • Close Date: 2012-05-10
  • Tax Year: 2011

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Mimosa
  • High School: Roswell
  • Middle School: Haynes Bridge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2012
Closed on
May 10, 2012
Sold by
Federal National Mortgage Association
Bought by
Artham Realty Llc
Seller's Agent
Cindy Crane
Berkshire Hathaway HomeServices Georgia Properties
Buyer's Agent
Narendran Vellaisamy
Weichert, Realtors - The Collective
List Price
$109,900
Sold Price
$121,100
Premium/Discount to List
$11,200
10.19%
Total Days on Market
26
Current Estimated Value
$612,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$491,233
Avg. Annual Appreciation
13.15%
Original Mortgage
$87,440
Outstanding Balance
$61,678
Interest Rate
3.91%
Mortgage Type
New Conventional
Estimated Equity
$547,322

Purchase Details

Closed on
Dec 1, 2009
Sold by
Bac Home Loans Servicing Lp
Bought by
Federal Natl Mtg Assn Fnma

Purchase Details

Closed on
Mar 24, 2005
Sold by
Shaw Gregory P
Bought by
Isaac Marcello

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,600
Interest Rate
5.62%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 26, 2001
Sold by
Biber Igor
Bought by
Shaw Gregory P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,750
Interest Rate
7.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 1999
Sold by
Buchholz John M and Buchholz Lisa W
Bought by
Biber Igor B and Biber Ludmila

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,900
Interest Rate
7.79%
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
Artham Realty Llc $121,100 --
Federal Natl Mtg Assn Fnma -- --
Bac Home Loans Servicing Lp $210,312 --
Isaac Marcello $253,000 --
Shaw Gregory P $234,500 --
Biber Igor B $169,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Artham Realty Llc $87,440
Closed Artham Realty Llc $87,440
Previous Owner Isaac Marcello $50,600
Previous Owner Shaw Gregory P $223,250
Previous Owner Shaw Gregory P $222,750
Previous Owner Biber Igor B $135,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2012 05/10/12 Sold $121,100 +10.2% $37 / Sq Ft
02/01/2012 02/01/12 Pending -- -- --
01/06/2012 01/06/12 For Sale $109,900 -- $34 / 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 $956 $193,160 $10,240 $182,920
2022 $3,879 $147,440 $46,800 $100,640
2021 $4,270 $134,080 $25,880 $108,200
2020 $4,354 $132,960 $30,320 $102,640
2019 $653 $131,800 $24,600 $107,200
2018 $3,633 $128,720 $24,040 $104,680
2017 $1,377 $47,200 $5,600 $41,600
2016 $1,377 $47,200 $5,600 $41,600
2015 $1,641 $47,200 $5,600 $41,600
2014 $1,447 $47,200 $5,600 $41,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 4311392

First Multiple Listing Service (FMLS)

APN: 12-2371-0591-026-2