NOT LISTED FOR SALE

Estimated Value: $489,401 - $750,000

4 Beds
2 Baths
888 Sq Ft
$655/Sq Ft Est. Value

Last Sold December 30, 2022

Last sale price $475,000 $535 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,499/month

4 Days on Market

Highlights

  • 1 Fireplace
  • No HOA
  • Forced Air Heating and Cooling System
  • Midtown High School Rated A+
  • Property is near shops
  • Ceiling Fan

About This Home

As of December 2022

Well maintained, fully-occupied investment property in Home Park, conveniently located near Atlantic Station and Georgia Tech. This historic bungalow has original hardwood floors and off-street parking. Unit A (main level of home) features family room w/fireplace, office nook, full kitchen, 2 bedrooms and 1 bathroom. Unit B is a 2 bedroom, 1 bathroom apartment in the fully-finished basement with separate rear entrance. The two units are metered separately for gas and power (paid by tenants) and both feature in-unit, full-sized washers/dryers, central HVAC's with newer AC's and their own separate decks. Homeowner pays for landscaping ($55 every 2 weeks) and water ($100-150/month). Full exterior paint in 2019. 6 year old roof. 3 year old hot water heater. Investor-owned. No property disclosure. This property has steady income from excellent, long-term tenants and terrific accessibility to downtown shopping, restaurants and parks.

Last Agent to Sell the Property

Branagan Dunn

Realty Associates of Atlanta License #326144 Listed on: 11/03/2022

Co-Listed By

Emily Hogan

Realty Associates of Atlanta License #331292

Last Buyer's Agent

Rais Usman

Century 21 Results License #266777

Century 21 Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,856

Year Built

  • Built in 1940

Lot Details

  • 4,356

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • 1 Fireplace
  • Laundry in unit
  • Finished Basement

Parking

  • Parking Pad
  • Off-Street Parking

Schools

  • David T Howard Middle School
  • Midtown High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • 4,356 Sq Ft Lot
  • Property is near shops

Community Details

  • No Home Owners Association
  • 2 Units
  • Home Park Subdivision

Listing and Financial Details

  • The owner pays for sewer, trash collection, water
  • Tax Lot 102

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,856

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1940
  • Co List Office: RAOA01
  • Financing Type: Cash
  • Levels: Two
  • Lot Size Acres: .10
  • Structure Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Finished
  • Price Per Square Foot: 4750000

Exterior Features

  • Construction Materials: Other
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Off Street, Parking Pad

Utilities

  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Sewer: Public Sewer
  • Utilities: Electricity Individual Meters, Gas Individual Meters, Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Sidewalks, Street Lights, Walk To Shopping

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Other
  • High School: Midtown
  • High School Bus: No
  • Middle School: David T Howard
  • Middle School Bus: No
  • Elementary School: Other
  • Middle School: David T Howard
  • High School: Midtown

Lot Info

  • Lot: 102
  • Deed Book: 47222
  • Deed Page: 369

Rental Info

  • Owner Pays: Other, Sewer, Trash Collection, Water

Multi Family

  • Total Fireplaces: 1
  • NumberOfUnitsTotal: 2

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4856

MLS Schools

  • Elementary Bus Line: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2022
Closed on
Dec 30, 2022
Sold by
Simons Derek M
Bought by
Milestone Real Estate Llc
Seller's Agent
Branagan Dunn
Realty Associates of Atlanta
Buyer's Agent
Rais Usman
Century 21 Results
List Price
$485,000
Sold Price
$475,000
Premium/Discount to List
-$10,000
-2.06%
Views
25
Current Estimated Value
$546,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,830
Avg. Annual Appreciation
6.86%

Purchase Details

Closed on
Sep 25, 2008
Sold by
Ml Niro Lc
Bought by
Simons Derek M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,520
Interest Rate
6.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2005
Sold by
Rottner Michael L
Bought by
Ml Niro Lc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,900
Interest Rate
5.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 21, 2000
Sold by
Crane William B and Crane Genia
Bought by
Humphreys Matthew W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
8.11%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

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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
Milestone Real Estate Llc $475,000 --
Simons Derek M $332,800 --
Ml Niro Lc -- --
Rottner Michael L $349,900 --
Humphreys Matthew W $87,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Simons Derek M $270,000
Previous Owner Simons Derek M $299,520
Previous Owner Rottner Michael L $279,900
Previous Owner Humphreys Lisa $198,000
Previous Owner Humphreys Lisa M $192,000
Previous Owner Humphreys Matthew W $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2022 12/30/22 Sold $475,000 -2.1% $535 / Sq Ft
11/07/2022 11/07/22 Pending -- -- --
11/03/2022 11/03/22 For Sale $485,000 0.0% $546 / Sq Ft
07/27/2015 07/27/15 For Rent $1,100 0.0% --
07/27/2015 07/27/15 Rented $1,100 +10.0% --
01/08/2013 01/08/13 For Rent $1,000 0.0% --
01/08/2013 01/08/13 Rented $1,000 0.0% --
02/29/2012 02/29/12 Rented $1,000 0.0% --
01/30/2012 01/30/12 Under Contract -- -- --
01/25/2012 01/25/12 For Rent $1,000 -- --
Source: Georgia MLS

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 $6,060 $217,840 $64,280 $153,560
2023 $7,866 $190,000 $52,520 $137,480
2022 $4,856 $120,000 $40,240 $79,760
2021 $4,861 $120,000 $40,240 $79,760
2020 $2,458 $164,000 $40,240 $123,760
2019 $924 $60,000 $14,680 $45,320
2018 $2,484 $60,000 $14,680 $45,320
2017 $2,423 $60,000 $14,680 $45,320
2016 $2,858 $66,000 $14,680 $51,320
2015 $3,728 $66,000 $14,680 $51,320
2014 $2,603 $81,440 $14,680 $66,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 10107022

Georgia MLS

APN: 17-0108-0005-051-3