1216 Meigs St Augusta, GA 30904
Summerville NeighborhoodEstimated Value: $205,000 - $306,284
5
Beds
3
Baths
2,536
Sq Ft
$97/Sq Ft
Est. Value
Highlights
- Floor Furnace
- Johnson Magnet Rated 10
- Asbestos
About This Home
As of September 2023Welcome to 1216 Meigs Street, a great opportunity for investors and savvy homebuyers alike! This value-add tri-plex, located in Summerville in Augusta, Georgia, on a great corner lot on Meigs St. and Lackman Lane, offers the perfect blend of historical charm and endless potential for value-add improvements. Whether you are seeking a prime real estate investment or a unique residence with income potential, this property deserves your attention.The main unit in the house is around 1,300+ sq ft with 3 bedrooms and 1 full bath, featuring original hardwood floors and lots of character. Currently occupied by a tenant, this unit will be vacant at the end of the month, opening numerous possibilities. Additionally, the attic (500 sq ft)and basement (675 sq ft)apartments present an opportunity for updates and improvements, with each being a good sized 1 bed/1bath units. Once updated these spaces have the potential to become lucrative rental units in this great location for students and professionals, maximizing your monthly rental income. Please note that the property is being sold as-is, and we kindly request that you refrain from disturbing the tenant until under contract. Vacant units are available for showings.1216 Meigs is separately metered for electric, has 2 gas meters and all units share one water meter. The property has multiple heating systems but no central AC. The expansive lot provides driveway access from Lackman Lane, a great shade tree, and ample space to create a wonderful backyard area for your tenants.This tri-plex represents a fantastic opportunity for value appreciation once updates are completed and cash flow optimization. Whether you're an astute investor or an aspiring homeowner looking for an additional income stream, 1216 Meigs Street is full of potential, and you don't get opportunities like this property often where you can reap the rewards of Augusta's thriving real estate market once the updates are complete. Act now to schedule a viewing and take the next step toward securing your future in this prime location. (Seller is a licensed agent in Georgia)
Last Agent to Sell the Property
Meybohm Commercial Properties License #401159 Listed on: 09/08/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,686
Year Built
- Built in 1947
Lot Details
- 0.28 Acre Lot
- Lot Dimensions are 80x156
Parking
- Parking Pad
Home Design
- 2,536 Sq Ft Home
- Triplex
- Asbestos
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Schools
- Monte Sano Elementary School
- Langford Middle School
- Richmond Academy High School
Utilities
- Window Unit Cooling System
- Floor Furnace
Community Details
- 3 Units
- Summerville Subdivision
Listing and Financial Details
- Tenant pays for all utilities, cable TV, electricity, gas
- Assessor Parcel Number 0444060000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 8, 2023
Closed on
Sep 29, 2023
Sold by
Myers House Buyers Llc
Bought by
1926 Properties Llc
Seller's Agent
Danielle Meikrantz
Meybohm Commercial Properties
Buyer's Agent
Karen Cortez
Blanchard & Calhoun - Scott Nixon
List Price
$199,900
Sold Price
$205,000
Premium/Discount to List
$5,100
2.55%
Views
34
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
$41,821
Avg. Annual Appreciation
15.07%
Original Mortgage
$164,000
Outstanding Balance
$161,542
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$99,440
Purchase Details
Listed on
Sep 8, 2023
Closed on
Aug 30, 2023
Sold by
Annis Betty Allen
Bought by
Myers House Buyers Llc
Seller's Agent
Danielle Meikrantz
Meybohm Commercial Properties
Buyer's Agent
Karen Cortez
Blanchard & Calhoun - Scott Nixon
List Price
$199,900
Sold Price
$205,000
Premium/Discount to List
$5,100
2.55%
Views
34
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Outstanding Balance
$161,542
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$99,440
Similar Homes in Augusta, GA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 1926 Properties Llc | $205,000 | -- | |
| Myers House Buyers Llc | $60,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 1926 Properties Llc | $164,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/29/2023 09/29/23 | Sold | $205,000 | +2.6% | $81 / Sq Ft |
| 09/08/2023 09/08/23 | For Sale | $199,900 | -- | $79 / Sq Ft |
Source: REALTORS® of Greater Augusta
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 | $2,686 | $82,000 | $28,880 | $53,120 |
| 2023 | $2,686 | $89,656 | $33,316 | $56,340 |
| 2022 | $2,543 | $73,002 | $33,316 | $39,686 |
| 2021 | $2,676 | $70,427 | $33,316 | $37,111 |
| 2020 | $2,393 | $63,043 | $17,035 | $46,008 |
| 2019 | $2,543 | $63,043 | $17,035 | $46,008 |
| 2018 | $2,563 | $63,043 | $17,035 | $46,008 |
| 2017 | $2,550 | $63,043 | $17,035 | $46,008 |
| 2016 | $2,551 | $63,043 | $17,035 | $46,008 |
| 2015 | $2,568 | $63,043 | $17,035 | $46,008 |
| 2014 | $2,562 | $62,806 | $17,035 | $45,771 |
Source: Public Records
Agents Affiliated with this Home
-
Danielle Meikrantz
Seller's Agent in 2023
Danielle Meikrantz
Meybohm Commercial Properties
(706) 284-8359
1 in this area
80 Total Sales
-
Karen Cortez
Buyer's Agent in 2023
Karen Cortez
Blanchard & Calhoun - Scott Nixon
(703) 344-6078
3 in this area
14 Total Sales
Map
Source: REALTORS® of Greater Augusta
MLS Number: 520269
APN: 0444060000
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