NOT LISTED FOR SALE

1220 Natchez Trace SW Marietta, GA 30008

Southwestern Marietta Neighborhood

Estimated Value: $631,000 - $830,000

8 Beds
8 Baths
3,242 Sq Ft
$231/Sq Ft Est. Value

Last Sold June 22, 2021

Last sale price $632,000 $195 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,160/month

3 Days on Market

Highlights

  • 0.61 Acre Lot
  • 1-Story Property
  • Central Heating and Cooling System
  • Marietta High School Rated A-
  • Brick Front
  • Level Lot

About This Home

As of June 2021

Don't miss this investment opportunity. Seasoned investors looking to add to their portfolio, beginning investors looking for an instant cash flow property or even owner occupants looking to live and lease should all take a look at this before it is gone.

Last Agent to Sell the Property

Bruce Davenport

Engel & Völkers Atlanta License #386163 Listed on: 05/14/2021

Engel & Völkers Atlanta

Last Buyer's Agent

Tony Lin

True Legacy Realty, LLC. License #327624

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $978

Year Built

  • Built in 1981

Lot Details

  • 0.61 Acre Lot
  • Level Lot

Parking

  • Parking Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Stone Siding
  • Brick Front

Schools

  • Dunleith Elementary School
  • Marietta Middle School
  • Marietta High School

Additional Features

  • 1-Story Property
  • Central Heating and Cooling System

Community Details

  • 4 Units
  • Natchez Trace Subdivision

Listing and Financial Details

  • Legal Lot and Block 4 / A
  • Assessor Parcel Number 17006700190

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$978

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Quadruplex
  • Property Condition: Resale
  • Year Built: 1981
  • Levels Stories: One
  • Special Features: None

Property Details

  • Property: Residential Income

Interior Features

  • Window Features: None

Exterior Features

  • Construction Materials: Brick Front, Stone
  • Roof Type: Composition

Garage/Parking

  • Parking Features: Parking Lot

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Heating: Central

Condo/Co-op/Association

  • Subdivision Complex: Natchez Trace

Lot Info

  • Acres: 0.6100
  • Lot: 4
  • Plat Book: 76
  • Plat Page: 177
  • Lot Features: Level
  • Parcel Number: 17006700190
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 978.00
  • Tax Year: 2020

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Dunleith
  • High School: Marietta
  • Middle School: Marietta

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 25, 2023
Sold by
Zhan Bowei
Bought by
Fu Xiang
Current Estimated Value
$747,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$457,800
Outstanding Balance
$421,583
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$325,712

Purchase Details

Listed on
May 14, 2021
Closed on
Jun 22, 2021
Sold by
Holland Amy J
Bought by
Zhan Bowei
Seller's Agent
Bruce Davenport
Engel & Völkers Atlanta
Buyer's Agent
Tony Lin
True Legacy Realty, LLC.
List Price
$600,000
Sold Price
$632,000
Premium/Discount to List
$32,000
5.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.86%
Original Mortgage
$455,250
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 1999
Sold by
Thigpen Joseph V
Bought by
Holland Amy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,250
Interest Rate
7.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 1995
Sold by
Nabors Donald M Donna D
Bought by
Thigpen Joseph
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
Fu Xiang $763,000 None Listed On Document
Zhan Bowei $632,000 None Available
Holland Amy J $223,000 --
Thigpen Joseph $151,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fu Xiang $457,800
Previous Owner Zhan Bowei $455,250
Previous Owner Holland Amy J $167,250
Closed Thigpen Joseph $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/22/2021 06/22/21 Sold $632,000 +5.3% $195 / Sq Ft
05/18/2021 05/18/21 Pending -- -- --
05/14/2021 05/14/21 For Sale $600,000 -- $185 / 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
2025 $2,554 $301,880 $76,000 $225,880
2024 $2,085 $246,488 $48,000 $198,488
2023 $2,085 $246,488 $48,000 $198,488
2022 $964 $113,908 $24,000 $89,908
2021 $978 $113,908 $24,000 $89,908
2020 $978 $113,908 $24,000 $89,908
2019 $978 $113,908 $24,000 $89,908
2018 $978 $113,908 $24,000 $89,908
2017 $627 $91,024 $16,000 $75,024
2016 $627 $91,024 $16,000 $75,024
2015 $496 $66,128 $6,000 $60,128
2014 $512 $66,128 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bruce Davenport

    Seller's Agent in 2021

    Bruce Davenport

    Engel & Völkers Atlanta

    (404) 397-8546

    3 in this area

    39 Total Sales

    Bruce Davenport
    Section Image
  • Tony Lin

    Buyer's Agent in 2021

    Tony Lin

    True Legacy Realty, LLC.

    (678) 923-3271

    2 in this area

    109 Total Sales

    Tony Lin
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6882934

First Multiple Listing Service (FMLS)

APN: 17-0067-0-019-0

Georgia Cobb County Marietta 30008 Southwestern Marietta

1220 Natchez Trace SW, Marietta, GA

Not Listed for Sale

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