NOT LISTED FOR SALE

Estimated Value: $229,826 - $239,000

-- Bed
2 Baths
1,312 Sq Ft
$179/Sq Ft Est. Value

Last Sold January 18, 2018

Last sale price $107,500 $82 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $1,267/month

8 Days on Market

Highlights

  • 2 Acre Lot
  • Level Lot
  • Heating Available
  • McClure Health Science High School Rated A-

About This Home

As of January 2018

This 12-unit portfolio consists of 12 individual residential condominiums located in the Wind Trace condominium complex in Norcross, GA. This is an excellent opportunity with multiple investment strategies. All units are occupied and receiving below-market gross rents of $1,050/month per unit. All units are the same 3BR/2BA floorplan.

Total Annual Gross Rents are $151,200. HOA dues are $170/month for each unit. Must schedule property visits ahead of time.

Seller intends to close beginning of 2018 (early January).

Last Agent to Sell the Property

Paul Smythe

NOT A VALID MEMBER License #377835 Listed on: 10/28/2017

Last Buyer's Agent

Fang Wan

Info Realty, LLC. License #179917

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Lot Details

  • 2 Acre Lot
  • Level Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Parking

  • 2 Parking Spaces
  • Varies By Unit

Schools

  • Nesbit Elementary School
  • Lilburn Middle School
  • Meadowcreek High School

Utilities

  • Heating Available

Community Details

  • 12 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Condition: Resale
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Property Details

  • Property: Residential Income

Exterior Features

  • Construction Materials: Vinyl Siding
  • Roof Type: Composition

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking Features: Varies by Unit

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Electric

Condo/Co-op/Association

  • Subdivision Complex: 8805

Schools

  • Elementary School: Nesbit
  • Middle School: Lilburn
  • High School: Meadowcreek

Lot Info

  • Acres: 2.0000
  • Lot Features: Level
  • Lot Dimensions: 1.53
  • Property Attached Yn: No

Multi Family

  • Unit Count: 1
  • Number Of Units Total: 12

Tax Info

  • Taxes: 7812.00
  • Close Date: 2018-01-18
  • Tax Year: 2016

MLS Schools

  • Elementary School: Nesbit
  • High School: Meadowcreek
  • Middle School: Lilburn

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

Property History

Date Event Price Change Sq Ft Price
01/18/2018 01/18/18 Sold $107,500 -91.7% $82 / Sq Ft
11/05/2017 11/05/17 Pending -- -- --
10/28/2017 10/28/17 For Sale $1,290,000 -- $983 / 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
2024 -- -- -- --
2023 $0 $0 $0 $0
2022 $1,425 $0 $0 $0
2021 $1,425 $0 $0 $0
2020 $1,425 $39,760 $5,200 $34,560
2019 $1,425 $39,760 $5,200 $34,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5926666

First Multiple Listing Service (FMLS)

APN: 6-192F-017