$435,000
SOLD JAN 17, 2025 RENTED JUL 1, 2025

1488 E Forrest Ave Atlanta, GA 30344

-- Bed
-- Bath
1,379 Sq Ft
10,759 Sq Ft Lot

Recently Sold

$315 Per Sq Ft

3% Below List Price

4 Days on Market

Highlights

  • Property is near public transit
  • Forced Air Heating and Cooling System
  • Rectangular Lot
  • Restaurant
  • Trails
  • 5-minute walk to Jefferson Recreation Center

About This Home

As of January 2025

Extraordinary Investment Opportunity! Rare Chance to purchase up to 3 Income Producing Properties! Properties Include: 1472 Norman Berry Dr. (Single Family Home; Rented for $1,775); 1484 Norman Berry Dr. (Duplex; Unit One Rented for $1,545; Unit Two Rented for $1,900); and 1488 E. Forrest Ave. (Triplex; Unit One Rented for $1,295; Unit Two Rented for $1,210; Unit Three Rented for $1,210). All but one unit is currently Rented with Screened Applicants in place. All properties occupy land that is Commercially Zoned, so you can have Mixed Use Spaces if you prefer! Great Location near Marta, Shopping, Dining, Entertainment, Businesses, and more with Easy Highway Access!

Last Agent to Sell the Property

The Justin Landis Group

Bolst, Inc. Listed on: 12/06/2024

Co-Listed By

Ashton Ernst

Bolst, Inc. License #352199

Last Buyer's Agent

Anniah Ducre

Fleur De Lee Realty, LLC License #432923

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,293

Year Built

  • Built in 1940

Lot Details

  • 10,759 Sq Ft Lot
  • Lot Dimensions are 76x181x50x194
  • Rectangular Lot
  • Level Lot

Parking

  • Driveway

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 2-Story Property

Location

  • Property is near public transit
  • Property is near schools
  • Property is near shops

Schools

  • Hamilton E. Holmes Elementary School
  • Paul D. West Middle School
  • Tri-Cities High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 14 013300200056

Community Details

Overview

  • 3 Units
  • Jefferson Park Subdivision

Amenities

  • Restaurant

Recreation

  • Trails

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,293

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Triplex
  • Property Condition: Resale
  • Year Built: 1940
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Income

Interior Features

  • Window Features: None

Exterior Features

  • Roof Type: Composition
  • Pool Private: No

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas

Condo/Co-op/Association

  • Community Features: Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway, Restaurant
  • Subdivision Complex: Jefferson Park

Schools

  • Elementary School: Hamilton E. Holmes
  • Middle School: Paul D. West
  • High School: Tri-Cities

Lot Info

  • Acres: 0.2470
  • Lot Features: Level, Rectangular Lot
  • Lot Dimensions: 76x181x50x194
  • Parcel Number: 14 013300200056
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Multi Family

  • Unit Count: 3
  • Number Of Units Total: 3

Tax Info

  • Taxes: 2293.00
  • Assessor Parcel Number: 14-0133-0020-005-6
  • Close Date: 2025-01-17
  • Tax Year: 2024

MLS Schools

  • Elementary School: Hamilton E. Holmes
  • High School: Tri-Cities
  • Middle School: Paul D. West

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2024
Closed on
Jan 17, 2025
Sold by
Building Brothers Llc
Bought by
Martin Omari
Seller's Agent
The Justin Landis Group
Bolst, Inc.
Buyer's Agent
Anniah Ducre
Fleur De Lee Realty, LLC
List Price
$450,000
Sold Price
$435,000
Premium/Discount to List
-$15,000
-3.33%
Views
40
Current Estimated Value
$428,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,617
Avg. Annual Appreciation
-3.21%
Original Mortgage
$413,250
Outstanding Balance
$411,440
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$16,943

Purchase Details

Closed on
Mar 30, 2021
Sold by
1488 East Forrest Ave Llc
Bought by
Goyins Alexander

Purchase Details

Listed on
Jun 19, 2019
Closed on
Oct 15, 2019
Sold by
Rsmsquare Llc
Bought by
1488 East Forrest Ave Llc
Seller's Agent
Duane Coleman
Atlanta Communities
Buyer's Agent
Mercille Adams
US Realty Hub, LLC
List Price
$119,000
Sold Price
$60,000
Premium/Discount to List
-$59,000
-49.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.78%
Original Mortgage
$160,700
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 19, 2019
Closed on
Aug 26, 2019
Sold by
Tariq Km Iqbal
Bought by
Rsmsquare Llc
Seller's Agent
Duane Coleman
Atlanta Communities
Buyer's Agent
Mercille Adams
US Realty Hub, LLC
List Price
$119,000
Sold Price
$60,000
Premium/Discount to List
-$59,000
-49.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,700
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 23, 2008
Sold by
Wells Fargo Bk 2002 & Bc & 6
Bought by
Tariq K M Iqbal

Purchase Details

Closed on
Nov 7, 2006
Sold by
Crawford Darrell
Bought by
Wells Fargo Bk Na 2002 & Bc6

Purchase Details

Closed on
Jun 21, 2002
Sold by
Bullock T Ross
Bought by
Crawford Darrell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 1999
Sold by
Miller Charles
Bought by
Bullock T Ross

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,400
Interest Rate
7.89%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Warranty Deed $435,000 --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed $80,800 --
Warranty Deed $60,000 --
Deed $30,000 --
Foreclosure Deed $164,186 --
Deed $200,000 --
Deed $40,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $413,250 New Conventional
Previous Owner $234,500 New Conventional
Previous Owner $160,700 Commercial
Previous Owner $173,430 New Conventional
Previous Owner $180,000 New Conventional
Previous Owner $72,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $45,400 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 Rented $1,550 0.0% --
03/03/2025 03/03/25 Price Changed $1,550 -3.1% $2 / Sq Ft
02/05/2025 02/05/25 For Rent $1,600 0.0% --
01/17/2025 01/17/25 Sold $435,000 -3.3% $315 / Sq Ft
12/06/2024 12/06/24 For Sale $450,000 0.0% $326 / Sq Ft
11/05/2022 11/05/22 Rented $1,395 0.0% --
10/25/2022 10/25/22 For Rent $1,395 0.0% --
08/26/2019 08/26/19 Sold $60,000 -19.9% $44 / Sq Ft
08/04/2019 08/04/19 Pending -- -- --
07/28/2019 07/28/19 Price Changed $74,900 -6.4% $54 / Sq Ft
07/17/2019 07/17/19 Price Changed $80,000 -19.2% $58 / Sq Ft
06/30/2019 06/30/19 Price Changed $99,000 -16.8% $72 / Sq Ft
06/19/2019 06/19/19 For Sale $119,000 -- $86 / 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
2025 $1,227 $88,880 $14,400 $74,480
2023 $1,227 $87,800 $14,400 $73,400
2022 $2,592 $98,520 $8,640 $89,880
2021 $2,079 $49,360 $7,560 $41,800
2020 $1,405 $32,000 $8,800 $23,200
2019 $474 $28,880 $3,760 $25,120
2018 $473 $28,240 $3,680 $24,560
2017 $311 $18,520 $2,880 $15,640
2016 $310 $18,520 $2,880 $15,640
2015 $671 $18,520 $2,880 $15,640
2014 $312 $18,520 $2,880 $15,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7495027

First Multiple Listing Service (FMLS)

APN: 14-0133-0020-005-6