NOT LISTED FOR SALE

Estimated Value: $378,000 - $488,000

Studio
1 Bath
2,205 Sq Ft
$195/Sq Ft Est. Value

Last Sold August 24, 2022

Last sale price $330,000 $150 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,614/month

17 Days on Market

Highlights

  • Wood Flooring
  • 1 Fireplace
  • Fenced Yard
  • Clarke Central High School Rated A-
  • No HOA
  • Window Unit Cooling System

About This Home

As of August 2022

INCOME, INCOME, more INCOME!!! This adorable brick home is within walking distance to Bishop Park, Normal Town and Oglethorpe Elementary. This multi-use residence has 3 units currently being rented as 3 separate AIRBNBS. The property has the option to have it as a traditional rental as well, or live in the back and have the front 2 units pay for your new home. Lastly...the option provides for an easy convert to a single - family residence (with 4 bedrooms and 3 baths). Unit A has 2 bedrooms/1 bath, a spacious living room/dining room, wood floors and a lovely front porch for those perfect spring and fall days. Unit B has 1 bedroom/1 bath, a large family room with a fireplace and a dining room. Unit C is located in the basement and is a studio apartment with a kitchenette. All three units have their own exterior entrances for privacy. The spacious fenced-in back yard features a fire pit, a new swing, storage building and extra parking. A fantastic investment opportunity that consistently produces $4000 - $5400 per month with a continued upswing in revenue. Call today for your showing!!!

Last Agent to Sell the Property

Gregory Waddell

Broad & Main Real Estate Group License #352025 Listed on: 07/08/2022

Last Buyer's Agent

Gay Davis

Keller Williams Lanier Partners (Demorest) License #275962

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,342

Year Built

  • Built in 1956

Lot Details

  • Fenced Yard

Parking

  • 6 Parking Spaces

Home Design

  • Duplex
  • Brick Exterior Construction
  • Masonite

Interior Spaces

  • 1-Story Property
  • 1 Fireplace
  • Crawl Space

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Wood
  • Tile

Schools

  • Call Board Of Education Elementary School
  • Burney-Harris-Lyons Middle School
  • Clarke Central High School

Utilities

  • Window Unit Cooling System
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 113D3 D015

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Knottingham Subdivision

Building Details

  • Gross Income $60,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,342

Year Built

Built in 1956

Lot Details

0

Listing Details

  • GarageYN: No
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Year Built: 1956
  • Subdivision Name: Knottingham
  • Reso Flooring: Other, Tile, Wood
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Oven, Range, Refrigerator
  • Basement: None, Crawl Space
  • Basement YN: No
  • Fireplaces: 1
  • Stories: 1

Exterior Features

  • Other Structures: Storage
  • Waterfront: No
  • Acres: 0.25
  • Construction Type: Brick, Masonite
  • Foundation Details: Crawlspace

Garage/Parking

  • Total Parking Spaces: 6.0

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Electric, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Burney-Harris-Lyons

Lot Info

  • Fencing: Yard Fenced
  • Lot Size Area: 0.25
  • Parcel Number: 113D3 D015
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 60000.0
  • Number Of Units In Community: 3
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 1342.0

MLS Schools

  • Elementary School: Call Board of Education
  • HighSchool: Clarke Central

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2024
Sold by
Davis Alan T
Bought by
Davis Alan Trippe
Current Estimated Value
$430,419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,488
Outstanding Balance
$160,853
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$269,566

Purchase Details

Listed on
Jul 8, 2022
Closed on
Aug 24, 2022
Sold by
Spates William Henry
Bought by
Davis Alan T and Davis Francis M
Seller's Agent
Gregory Waddell
Broad & Main Real Estate Group
Buyer's Agent
Gay Davis
Keller Williams Lanier Partners (Demorest)
List Price
$350,000
Sold Price
$330,000
Premium/Discount to List
-$20,000
-5.71%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.15%

Purchase Details

Listed on
Oct 3, 2018
Closed on
Jan 25, 2019
Sold by
White Kelly A
Bought by
Spates William Henry
Seller's Agent
Christy Jenkins
Corcoran Classic Living
Buyer's Agent
Anna Greenway
Greater Athens Properties
List Price
$132,900
Sold Price
$120,000
Premium/Discount to List
-$12,900
-9.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.65%
Original Mortgage
$102,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 11, 1999
Sold by
Schwartz Myrtle E
Bought by
White Kelly A and White Criag C

Purchase Details

Closed on
Nov 2, 1998
Sold by
Schwartz Myrtle E
Bought by
Schwartz Myrtle E Jack Jay Schwartz
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Davis Alan Trippe $346,000 --
Davis Alan T $330,000 --
Spates William Henry $120,000 --
White Kelly A $64,000 --
Schwartz Myrtle E -- --
Schwartz Myrtle E Jack Jay Schwartz -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Alan Trippe $388,488
Previous Owner Spates William Henry $102,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/24/2022 08/24/22 Sold $330,000 -5.7% $150 / Sq Ft
07/25/2022 07/25/22 Pending -- -- --
07/08/2022 07/08/22 For Sale $350,000 +191.7% $159 / Sq Ft
01/25/2019 01/25/19 Sold $120,000 -9.7% $54 / Sq Ft View Prior Sale
12/26/2018 12/26/18 Pending -- -- --
10/03/2018 10/03/18 For Sale $132,900 0.0% $60 / Sq Ft
02/10/2016 02/10/16 Rented -- -- --
01/11/2016 01/11/16 Under Contract -- -- --
05/18/2011 05/18/11 For Rent -- -- --
Source: Savannah Multi-List Corporation

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 $4,352 $140,169 $12,000 $128,169
2024 $4,352 $141,551 $12,000 $129,551
2023 $4,423 $129,632 $12,000 $117,632
2022 $1,449 $55,432 $12,000 $43,432
2021 $1,342 $49,820 $10,400 $39,420
2020 $1,276 $47,866 $10,400 $37,466
2019 $1,582 $46,595 $10,400 $36,195
2018 $1,551 $45,694 $9,600 $36,094
2017 $1,230 $36,234 $8,000 $28,234
2016 $1,176 $34,626 $8,000 $26,626
2015 $1,178 $34,658 $7,200 $27,458
2014 $1,111 $32,626 $7,200 $25,426
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Savannah Multi-List Corporation

MLS Number: CM1000383

Savannah Multi-List Corporation

APN: 113D3-D-015