NOT LISTED FOR SALE

127 129 W E King Rd Commerce, GA 30549

Estimated Value: $215,000 - $307,000

2 Beds
1 Bath
-- Sq Ft
15,246 Sq Ft

Last Sold September 02, 2021

Last sale price $172,000

Est. 60% increase in value since last sale

Current estimated payment $1,603/month

69 Days on Market

Highlights

  • No HOA
  • Central Air
  • Carpet
  • Commerce Primary School Rated A-
  • Ceiling Fan
  • Heating Available

About This Home

As of September 2021

Nice duplex with some long term tenants. Good for investors and in a nice area close to the by pass and I85. . Market rent is projected anywhere from $750-$775 per month per unit, presenting an opportunity for future income growth. Priced well below replacement cost and the per-bedroom average of most 2-unit multifamily properties available in the market! This duplex needs some cleaning up, but is a great investment opportunity! Currently cash flowing! Please have your buyers prequalified or proof of funds ready to submit before showing will be approved. 24hr notice on all showings

Last Agent to Sell the Property

Claire Hamilton

Flat Rock Realty Associates License #158377 Listed on: 05/26/2021

Last Buyer's Agent

Phil Wilson

United Country Real Estate Sou License #391225

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,728

Year Built

  • Built in 2004

Lot Details

  • 0.35 Acre Lot

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Commerce Elementary And Middle School
  • Commerce High School

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 021B 004A

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $13,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,728

Year Built

Built in 2004

Lot Details

0.35 Acres

Listing Details

  • Property Type: Residential Income
  • Year Built: 2004
  • Property Sub Type: Duplex
  • Appliances: Dishwasher, Range, Refrigerator
  • Inclusions: Ceiling Fans
  • Home Warranty: No
  • Original List Price: 180000.00
  • Architectural Style: Traditional
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Basement: Bath/Stubbed
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Ceiling Fan(s)
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 1
  • Below Grade Unfinished Area Units: Square Feet

Exterior Features

  • Exterior Features: Other

Garage/Parking

  • Has Attached Garage?: No
  • Total Parking Spaces: 2.00

Utilities

  • Water Source: Public
  • Cooling: Central Air, Electric
  • Has Cooling?: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer Provider: Public Sewer

Condo/Co-op/Association

  • Community Features: None
  • Has H O A?: No

Schools

  • Elementary School: Commerce
  • High School: Commerce
  • Middle Or Junior School: Commerce

Lot Info

  • Lot Size Acres: 0.35
  • Parcel#: 021B 004A

Tax Info

  • Tax Year: 2020
  • Tax Amount: 1728

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2021
Closed on
Sep 2, 2021
Sold by
Crowley Kamey
Bought by
Moore Jonathan
Seller's Agent
Claire Hamilton
Flat Rock Realty Associates
Buyer's Agent
Phil Wilson
United Country Real Estate Sou
List Price
$194,000
Sold Price
$172,000
Premium/Discount to List
-$22,000
-11.34%
Current Estimated Value
$274,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,409
Avg. Annual Appreciation
10.99%
Original Mortgage
$168,884
Outstanding Balance
$151,736
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$122,673

Purchase Details

Closed on
Sep 23, 2005
Sold by
Crowley Kamey
Bought by
Crowley Kamey and Crowley Sean T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,075
Interest Rate
8.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2005
Sold by
Bowers Michael Shane
Bought by
Crowley Kamey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,075
Interest Rate
8.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2004
Sold by
Wilson Wesely
Bought by
Bowers Michael Shane

Purchase Details

Closed on
Feb 16, 1999
Sold by
Tolbert Melvin
Bought by
Wilson Wesely

Purchase Details

Closed on
Jan 4, 1996
Bought by
Tolbert Melvin
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Moore Jonathan $172,000 --
Crowley Kamey -- --
Crowley Kamey $128,500 --
Bowers Michael Shane $119,000 --
Wilson Wesely $26,000 --
Tolbert Melvin $4,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moore Jonathan $168,884
Previous Owner Crowley Kamey $122,075
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2021 09/02/21 Sold $172,000 -11.3% --
08/03/2021 08/03/21 Pending -- -- --
05/26/2021 05/26/21 For Sale $194,000 -- --
Source: Hive MLS

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 $2,325 $87,040 $13,600 $73,440
2024 $2,325 $87,040 $13,600 $73,440
2023 $2,403 $78,760 $13,600 $65,160
2022 $2,158 $66,560 $13,600 $52,960
2021 $1,844 $56,960 $4,000 $52,960
2020 $1,729 $47,720 $4,000 $43,720
2019 $1,754 $47,720 $4,000 $43,720
2018 $1,662 $45,600 $4,000 $41,600
2017 $1,612 $43,459 $4,000 $39,459
2016 $1,620 $43,459 $4,000 $39,459
2015 $1,657 $43,459 $4,000 $39,459
2014 $1,620 $42,157 $4,000 $38,157
2013 -- $42,156 $4,000 $38,156
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Claire Hamilton

    Flat Rock Realty Associates

  • P

    Buyer's Agent in 2021

    Phil Wilson

    United Country Real Estate Sou

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Map

Source: Hive MLS

MLS Number: CM981749

Hive MLS

APN: 021B-004A

Georgia Jackson County Commerce 30529

127 129 W E King Rd, Commerce, GA

Not Listed for Sale

MultiFamily

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