$40,000
SOLD OCT 27, 2015
2 Beds
2 Baths
1,240 Sq Ft
436 Sq Ft Lot

Recently Sold

$32 Per Sq Ft

14% Below List Price

62 Days on Market

Highlights

  • Two Primary Bedrooms
  • Community Pool
  • Dining Room
  • Clubhouse
  • Tennis Courts
  • Family Room

About This Home

As of January 2023

Hot on the market is this great investment property located in the heart of Stone Mountain. This great home was renovated prior to lease including updated kitchen, fresh paint, new carpet, and new light fixtures. This property currently has a tenant in place that pays $700 per month. This is a great deal for instant cash flow. Property is occupied please do not approach the unit. Showings will occur during due diligence once offer is accepted.

Last Agent to Sell the Property

Joel Elliott

Compass License #331695 Listed on: 08/06/2015

Compass

Last Buyer's Agent

Kinfu Minassie

Solid Source Realty GA License #276722

Solid Source Realty GA

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $2,318

Year Built

  • 1972

Home Design

  • Slab Foundation

Interior Spaces

  • 1,240 Sq Ft Home
  • Family Room
  • Dining Room

Bedrooms and Bathrooms

  • Double Master Bedroom
  • Split Bedroom Floorplan

Utilities

  • Underground Utilities

Listing and Financial Details

  • Legal Lot and Block 63 / 1

Community Details

Recreation

  • Tennis Courts
  • Community Pool

Additional Features

  • Property has a Home Owners Association
  • Clubhouse

Property Details

Home Type

Other

Est. Annual Taxes

$2,318

Year Built

1972

Lot Details

0

Listing Details

  • District: 18
  • Special Features: None
  • Year Built: 1972

Interior Features

  • Main Level Half Bathrooms: 1
  • Basement: Slab/None
  • Kitchen Equipment: Dishwasher
  • Interior Amenities: Entrance Foyer, Wall-to-wall Carpet
  • Laundry Type: Closet
  • Kitchen / Breakfast: Breakfast Area, Pantry
  • Above Grade Finished Sq Ft: 1240

Exterior Features

  • Roof: Composition
  • Exterior Features: Deck/Patio
  • Construction: Brick/Frame
  • Waterfront Type: Utility Company Controlled

Garage/Parking

  • Parking: 1 Car, Assigned Space

Utilities

  • Cooling Fuel: Electric
  • Cooling: Central
  • Heating Fuel: Electric
  • Heating: Central, Forced Air
  • Water/Sewer: Public Water

Condo/Co-op/Association

  • HOA Fees: 182
  • HOA Fee Frequency: Annual
  • Fees Include: Bldg & Liability Insurance, Garbage Pickup, Grounds Maintenance
  • Building Access: Open Access

Association/Amenities

  • Amenities: Clubhouse, Neighborhood Association, Pool, Tennis Courts, Underground Utilities

Schools

  • Elementary Bus Line: Yes
  • High School Bus: Yes
  • Middle School Bus: Yes
  • Elementary School: Idlewood / Dekalb / Dekalb County, GA
  • Middle School: Tucker / Dekalb / Dekalb County, GA
  • High School: Tucker / Dekalb / Dekalb County, GA

Lot Info

  • Lot Size: Less than 1/3 Acre
  • Lot: 63

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 2, 2024
Sold by
Abaker Ibrahim Mohamed
Bought by
Asgedom Tewelde
Current Estimated Value
$129,925

Purchase Details

Listed on
Oct 22, 2022
Closed on
Jan 10, 2023
Sold by
Berhe Tirhas
Bought by
Abaker Ibrahim Mohamed
Seller's Agent
Kinfu Minassie
Chapman Hall Realty
Buyer's Agent
Bill McGoldrick
Realty Associates of Atlanta, LLC.
List Price
$169,900
Sold Price
$109,900
Premium/Discount to List
-$60,000
-35.31%
Views
108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.50%
Original Mortgage
$80,000
Interest Rate
6.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 2014
Sold by
Mokuria Ashenafi
Bought by
National Home Investors Llc

Purchase Details

Closed on
Nov 14, 2006
Sold by
Fssehaie Mehari
Bought by
Mokuria Ashenafi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,500
Interest Rate
9.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 2004
Sold by
Hud
Bought by
Fssehaie Mehari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,300
Interest Rate
5.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 4, 2004
Sold by
First Horizon Hm Loan Corp
Bought by
Hud

Purchase Details

Closed on
Sep 29, 1995
Sold by
Carter Lawrence E
Bought by
Pearson Lacretia Samuel
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 Type Sale Price Title Company
Limited Warranty Deed $120,000 --
Warranty Deed $109,900 --
Foreclosure Deed $24,500 --
Deed $85,000 --
Deed -- --
Deed -- --
Foreclosure Deed $64,201 --
Deed $41,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $80,000 New Conventional
Previous Owner $76,500 New Conventional
Previous Owner $15,314 Stand Alone Second
Previous Owner $51,300 New Conventional
Previous Owner $13,962 Stand Alone Refi Refinance Of Original Loan
Previous Owner $61,200 Stand Alone Refi Refinance Of Original Loan
Closed $0 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2023 01/10/23 Sold $109,900 0.0% $89 / Sq Ft
12/08/2022 12/08/22 Pending -- -- --
12/05/2022 12/05/22 Price Changed $109,900 -35.3% $89 / Sq Ft
10/22/2022 10/22/22 For Sale $169,900 +324.8% $137 / Sq Ft
10/27/2015 10/27/15 Sold $40,000 -14.0% $32 / Sq Ft
10/07/2015 10/07/15 Pending -- -- --
09/11/2015 09/11/15 For Sale $46,500 0.0% $38 / Sq Ft
08/13/2015 08/13/15 Pending -- -- --
08/06/2015 08/06/15 For Sale $46,500 -- $38 / Sq Ft
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
2023 $2,318 $41,480 $3,800 $37,680
2022 $1,794 $34,560 $3,800 $30,760
2021 $1,532 $28,120 $3,800 $24,320
2020 $1,277 $22,640 $3,800 $18,840
2019 $1,144 $19,600 $3,800 $15,800
2018 $907 $19,600 $3,800 $15,800
2017 $1,079 $17,920 $3,800 $14,120
2016 $973 $15,480 $3,800 $11,680
2014 $607 $12,880 $3,800 $9,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 07501854

Georgia MLS

APN: 18-140-05-063