K
Seller's Agent in 2024
Kimberlee McClellan
AI BROKERS
(404) 965-0048
1 in this area
52 Total Sales
1200 Rays Rd Stone Mountain, GA 30083
3
Beds
2
Baths
1,516
Sq Ft
0.6
Acres
Highlights
- 0.6 Acre Lot
- Wood Flooring
- Laundry closet
- Ranch Style House
- No HOA
- Four Sided Brick Exterior Elevation
About This Home
As of December 2024A remarkable investment opportunity with loads of potential! An all brick ranch home offering 3 bedrooms & 2 full baths, an open floor plan with approximately 1,516 square feet of living space, hardwood flooring throughout, a living room, a kitchen with granite countertops, double sink, white built-in cabinetry, appliances, and a dining area. Features include a long car driveway, a porch for fresh air & sunlight, and a spacious wooded backyard perfect for a play area, open space, or additional outdoor living! Don't miss out on this! TONS of Potential! Being sold AS IS, WHERE IS, Buyer is responsible for all inspections. All info & property details set forth in this listing, including all utilities & all room dimensions, are approximate, are deemed reliable but not guaranteed, & should be independently verified if any person intends to engage in a transaction based upon it. Seller/current owner does not represent and/or guarantee that all property info & details have been provided in this MLS listing.
Last Agent to Sell the Property
AI BROKERS License #381291 Listed on: 05/13/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,629
Year Built
- Built in 1950
Lot Details
- 0.6 Acre Lot
Parking
- Side or Rear Entrance to Parking
Home Design
- Ranch Style House
- Four Sided Brick Exterior Elevation
Interior Spaces
- 1,516 Sq Ft Home
- Wood Flooring
- Crawl Space
- Laundry closet
Kitchen
- Convection Oven
- Cooktop
- Dishwasher
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Schools
- Allgood Elementary School
- Freedom Middle School
- Clarkston High School
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Community Details
- No Home Owners Association
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 13, 2024
Closed on
Dec 3, 2024
Sold by
Besrat Ermias
Bought by
Besrat Ermias and Hadgu Eyerusalem T
Seller's Agent
Kimberlee McClellan
AI BROKERS
Buyer's Agent
Meron Tiku
Chapman Hall Realtors Alpharetta
List Price
$249,900
Sold Price
$250,000
Premium/Discount to List
$100
0.04%
Views
80
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,835
Avg. Annual Appreciation
6.30%
Original Mortgage
$242,500
Outstanding Balance
$240,593
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$22,242
Purchase Details
Closed on
May 10, 2024
Sold by
Fyr Sfr Borrower Llc
Bought by
Fyr Sfr Trs Llc
Purchase Details
Closed on
Aug 8, 2018
Sold by
Arlp Reo Vii Llc
Bought by
Fyr Sfr Borrower Llc
Purchase Details
Closed on
Mar 30, 2016
Sold by
Ih2 Property Trs 2 Lp
Bought by
Arlp Reo Vii Llc and C/O Altisource Residential Corp
Purchase Details
Closed on
Jun 26, 2013
Sold by
Pointone Holdings Lp
Bought by
Ih2 Property Georgia Lp
Purchase Details
Closed on
Nov 5, 2007
Sold by
Cowan Mark A
Bought by
Moderow Karen J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,250
Interest Rate
6.32%
Purchase Details
Closed on
Jul 22, 1997
Sold by
Parks Christine E
Bought by
Cowan Mark A and Cowan Fount E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,422
Interest Rate
7.7%
Mortgage Type
New Conventional
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | $250,000 | -- | |
| Limited Warranty Deed | -- | -- | |
| Warranty Deed | $160,000 | -- | |
| Limited Warranty Deed | $3,839,400 | -- | |
| Limited Warranty Deed | $2,063,289 | -- | |
| Deed | $26,700 | -- | |
| Deed | $82,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $242,500 | New Conventional | |
| Previous Owner | $94,250 | No Value Available | |
| Previous Owner | $20,422 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/03/2024 12/03/24 | Sold | $250,000 | 0.0% | $165 / Sq Ft |
| 11/19/2024 11/19/24 | For Sale | $249,900 | 0.0% | $165 / Sq Ft |
| 11/19/2024 11/19/24 | Pending | -- | -- | -- |
| 10/17/2024 10/17/24 | Pending | -- | -- | -- |
| 10/01/2024 10/01/24 | Price Changed | $249,900 | -3.8% | $165 / Sq Ft |
| 09/12/2024 09/12/24 | Price Changed | $259,900 | -7.1% | $171 / Sq Ft |
| 08/16/2024 08/16/24 | Price Changed | $279,900 | -3.4% | $185 / Sq Ft |
| 07/25/2024 07/25/24 | Price Changed | $289,900 | -9.4% | $191 / Sq Ft |
| 06/28/2024 06/28/24 | Price Changed | $319,900 | -5.9% | $211 / Sq Ft |
| 05/13/2024 05/13/24 | For Sale | $339,900 | -- | $224 / Sq Ft |
Source: Georgia MLS
Tax History Compared to Growth
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 | $4,879 | $100,160 | $24,720 | $75,440 |
| 2023 | $4,879 | $105,720 | $24,720 | $81,000 |
| 2022 | $3,897 | $79,840 | $19,000 | $60,840 |
| 2021 | $2,754 | $53,800 | $19,000 | $34,800 |
| 2020 | $2,719 | $53,000 | $9,000 | $44,000 |
| 2019 | $2,343 | $44,440 | $9,000 | $35,440 |
| 2018 | $1,826 | $41,160 | $9,000 | $32,160 |
| 2017 | $2,024 | $37,000 | $9,000 | $28,000 |
| 2016 | $2,028 | $37,000 | $9,000 | $28,000 |
| 2014 | $1,465 | $23,677 | $9,000 | $14,677 |
Source: Public Records
Agents Affiliated with this Home
-
Kimberlee McClellan
-
Meron Tiku
Buyer's Agent in 2024
Meron Tiku
Chapman Hall Realtors Alpharetta
(404) 468-4581
4 in this area
67 Total Sales
Map
Source: Georgia MLS
MLS Number: 10298646
APN: 18-121-12-005
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.
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