NOT LISTED FOR SALE

University Tower 131 E Broad St Unit 603 Athens, GA 30601

Estimated Value: $243,668 - $363,000

1 Bed
1 Bath
429 Sq Ft
$229/mo HOA Fee

Last Sold September 02, 2021

Last sale price $155,000 $361 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $2,194/month

64 Days on Market

Highlights

  • Eat-In Kitchen
  • Cooling Available
  • Central Heating
  • Clarke Central High School Rated A-
  • Tile Flooring
  • Laundry Facilities

About This Home

As of September 2021

This income producing studio is located directly across from UGA's historic North Campus offering some of the best views in all of Downtown Athens! This quaint studio apartment offers an eat-in kitchen with stainless appliances and breakfast bar, full bathroom and Living Room/Bedroom area with a wall of windows. Laundry facility located on the 2nd floor. A brand new Target is being built in the lower level of this keyed entry only building. Leased until July 2022.

Last Listed By

Heather McElroy

BHHS Georgia Properties (Athen License #274191 Listed on: 06/03/2021

BHHS Georgia Properties (Athen

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,057

Year Built

  • Built in 1983

Lot Details

  • 436

HOA Fees

  • $229 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Concrete Siding

Interior Spaces

  • 429 Sq Ft Home
  • 1-Story Property
  • Window Treatments

Kitchen

  • Eat-In Kitchen
  • Oven
  • Microwave

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Schools

  • Barrow Elementary School
  • Clarke Middle School
  • Clarke Central High School

Utilities

  • Cooling Available
  • Central Heating
  • Shared Well
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 171A7 E003

Community Details

Overview

  • Association fees include electricity, ground maintenance, taxes, trash
  • University Towers Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,057

Year Built

Built in 1983

Lot Details

0

HOA Fees

$229 per month

Listing Details

  • Directions: Located in the heart of downtown Athens, between S. Lumpkin St and College Ave and directly across the street from the University of Georgia's North Campus. Above the new Target.
  • Prop. Type: Residential
  • Building Stories: 1
  • Year Built: 1983
  • Property Sub Type: Condominium
  • Ownership: Owner
  • Subdivision Name: University Towers
  • Architectural Style: High Rise, Other
  • Garage Yn: No
  • Unit Levels: One
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Microwave, Oven, Refrigerator
  • Interior Amenities: High Speed Internet, Window Treatments, Eat-in Kitchen
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Tile
  • Living Area: 429.0
  • Window Features: Window Treatments
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Home Warranty: No
  • Construction Type: Concrete
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: None

Utilities

  • Sewer: Public Sewer
  • Cooling: Electric, Other, See Remarks
  • Cooling Y N: Yes
  • Heating: Central, Other, See Remarks
  • Heating Yn: Yes
  • Water Source: Public, Shared Well

Condo/Co-op/Association

  • Amenities: Laundry
  • Association Fee: 229.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Electricity, Maintenance Grounds, Taxes, Trash

Schools

  • Elementary School: Barrow Elementary
  • High School: Clarke Central
  • Middle Or Junior School: Clarke Middle

Lot Info

  • Parcel #: 171A7 E003
  • ResoLotSizeUnits: Acres

Tax Info

  • Year: 2020
  • Tax Annual Amount: 1057.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2021
Closed on
Sep 2, 2021
Sold by
Martin Mark M
Bought by
Classic Cherokee Partners Llc
Seller's Agent
Heather McElroy
BHHS Georgia Properties (Athen
Buyer's Agent
Holly Purcell
Keller Williams Realty First A
List Price
$169,000
Sold Price
$155,000
Premium/Discount to List
-$14,000
-8.28%
Total Days on Market
64
Current Estimated Value
$300,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,167
Avg. Annual Appreciation
19.39%
Original Mortgage
$137,360
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 4, 2017
Closed on
Mar 24, 2017
Bought by
Martin Mark M
Seller's Agent
Christina Hammond
Keller Williams Greater Athens
Buyer's Agent
Heather McElroy
BHHS Georgia Properties (Athen
List Price
$80,000
Sold Price
$73,000
Premium/Discount to List
-$7,000
-8.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.44%
Original Mortgage
$58,400
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2007
Sold by
Not Provided
Bought by
Jlt Ventures Llc

Purchase Details

Closed on
Dec 21, 2004
Sold by
Hendley Clifton Bruce
Bought by
Toney Josh

Purchase Details

Closed on
Apr 16, 2004
Sold by
Thompson Hugh Trustee By Trust
Bought by
Hendley Clifton Bruce

Purchase Details

Closed on
May 19, 2002
Sold by
Thompson Hugh
Bought by
Thompson Hugh Trustee By Trustee

Range of Values:

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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
Classic Cherokee Partners Llc $155,000 --
Martin Mark M $73,000 --
Jlt Ventures Llc -- --
Toney Josh $75,000 --
Toney Josh $75,000 --
Toney Josh $75,000 --
Hendley Clifton Bruce $55,000 --
Thompson Hugh Trustee By Trustee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Classic Cherokee Partners Llc $137,360
Previous Owner Martin Mark M $58,400
Previous Owner Jlt Ventures Llc $55,352
Previous Owner Jlt Ventures Llc $70,296
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2021 09/02/21 Sold $155,000 -8.3% $361 / Sq Ft
08/07/2021 08/07/21 Pending -- -- --
06/03/2021 06/03/21 For Sale $169,000 +131.5% $394 / Sq Ft
03/24/2017 03/24/17 Sold $73,000 -8.8% --
03/01/2017 03/01/17 Pending -- -- --
01/04/2017 01/04/17 For Sale $80,000 -- --
Source: CLASSIC MLS (Athens Area Association of REALTORS®)

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
2024 $3,517 $109,065 $3,432 $105,633
2023 $2,483 $76,988 $3,432 $73,556
2022 $2,007 $61,015 $3,432 $57,583
2021 $2,394 $68,993 $3,432 $65,561
2020 $1,065 $30,463 $3,432 $27,031
2019 $1,017 $29,104 $3,432 $25,672
2018 $1,017 $29,104 $3,432 $25,672
2017 $0 $28,438 $3,432 $25,006
2016 $994 $28,437 $3,432 $25,005
2015 $849 $24,270 $3,432 $20,838
2014 $859 $24,510 $3,432 $21,078
Source: Public Records

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Source: CLASSIC MLS (Athens Area Association of REALTORS®)

MLS Number: 981868

CLASSIC MLS (Athens Area Association of REALTORS®)

APN: 171A7-E-003