NOT LISTED FOR SALE

1502 Harbins Rd Norcross, GA 30093

Estimated Value: $834,000 - $843,780

-- Bed
-- Bath
5,624 Sq Ft
$149/Sq Ft Est. Value

Last Sold September 23, 2024

Last sale price $815,000 $145 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,085/month

16 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Central Heating and Cooling System
  • McClure Health Science High School Rated A-
  • Park

About This Home

As of September 2024

Exceptional Investment Opportunity in Norcross - Rare Quadruplex! Discover an outstanding investment opportunity in the heart of Norcross! This well-maintained 4-unit property boasts a two-sided brick exterior, 8 off-street parking spaces, back patios for each unit, freshly painted exterior doors and windows, and a new roof with a 20-year warranty. All HVAC UNITS are well maintained and recently serviced. Each townhome-style residence offers 2 bedrooms and 2.5 bathrooms, located in a high-rental demand area promising long-term appreciation. The total monthly income is $5,490, with long-term tenants on yearly leases that include annual rent increases, making this property a solid investment. Each unit features washer and dryer hook-ups, upstairs, 2 roommate-style bedrooms with 2 bathrooms, a spacious living room with a fireplace, a dining room, a large kitchen overlooking the dining area, and a guest half bathroom on the lower level. The utilities are separately metered and there is no HOA......This property offers the flexibility to rent out all units or live in one while renting out the others, catering to savvy buyers or investors interested in expanding their portfolio. Don't miss out on this must-see Quadruplex!

Last Agent to Sell the Property

Hossana Kebede

Coldwell Banker Realty License #387561 Listed on: 08/07/2024

Coldwell Banker Realty

Last Buyer's Agent

Adonay Semere

Realty Professionals License #375296

Realty Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,595

Year Built

  • Built in 1983

Lot Details

  • 0.48

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Vinyl Siding

Parking

  • 8 Parking Spaces
  • Parking Pad

Location

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

Schools

  • Lilburn Elementary And Middle School
  • Meadowcreek High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities

Additional Features

  • 2-Story Property
  • 0.48 Acre Lot

Listing and Financial Details

  • Tax Lot 197

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Harbins Square Subdivision

Recreation

  • Park

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,595

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • District: 1
  • Year Built: 1983
  • Financing Type: Conventional
  • Levels: Two
  • Lot Size Acres: .48
  • Structure Type: Quadruplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: None

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Parking Pad
  • ParkingTotal: 8

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Park, Sidewalks, Street Lights, Walk To Public Transit, Walk To Schools, Walk To Shopping

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Lilburn
  • High School: Meadowcreek
  • High School Bus: Yes
  • Middle School: Lilburn
  • Middle School Bus: Yes
  • Elementary School: Lilburn
  • Middle School: Lilburn
  • High School: Meadowcreek

Lot Info

  • Land Lot: 197
  • Plat Book: 23
  • Plat Page: 244

Rental Info

  • Owner Pays: Other

Tax Info

  • Year: 2023
  • Tax Annual Amount: 7595

Multi Family

  • NumberOfUnitsTotal: 4

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2024
Closed on
Sep 23, 2024
Sold by
Best Buy Food Store Llc
Bought by
Wosen Asdegdig
Seller's Agent
Hossana Kebede
Coldwell Banker Realty
Buyer's Agent
Adonay Semere
Realty Professionals
List Price
$829,990
Sold Price
$815,000
Premium/Discount to List
-$14,990
-1.81%
Views
110
Current Estimated Value
$838,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,890
Avg. Annual Appreciation
2.76%
Original Mortgage
$570,500
Outstanding Balance
$564,075
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$274,815

Purchase Details

Closed on
May 12, 2008
Sold by
Yohannes Saba
Bought by
Best Buy Food Store Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,600
Interest Rate
5.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 28, 2008
Sold by
Medford Douglas J
Bought by
Yohannes Saba

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,600
Interest Rate
5.84%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
Wosen Asdegdig $815,000 --
Best Buy Food Store Llc -- --
Yohannes Saba $298,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wosen Asdegdig $570,500
Previous Owner Yohannes Saba $208,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2024 09/23/24 Sold $815,000 -1.8% $145 / Sq Ft
08/23/2024 08/23/24 Pending -- -- --
08/07/2024 08/07/24 For Sale $829,990 0.0% $148 / Sq Ft
07/05/2024 07/05/24 Rented $1,495 0.0% --
04/29/2024 04/29/24 For Rent $1,495 +107.6% --
11/12/2013 11/12/13 Rented $720 0.0% --
11/09/2013 11/09/13 Under Contract -- -- --
10/11/2013 10/11/13 For Rent $720 -- --
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
2024 $7,643 $180,000 $66,800 $113,200
2023 $7,643 $180,000 $66,800 $113,200
2022 $6,839 $191,200 $66,800 $124,400
2021 $7,100 $168,400 $40,920 $127,480
2020 $7,131 $168,400 $40,920 $127,480
2019 $5,116 $117,640 $28,000 $89,640
2018 $5,088 $117,640 $28,000 $89,640
2016 $4,267 $92,000 $28,000 $64,000
2015 $4,315 $92,000 $28,000 $64,000
2014 -- $92,000 $28,000 $64,000
Source: Public Records

Agents Affiliated with this Home

  • Hossana Kebede

    Seller's Agent in 2024

    Hossana Kebede

    Coldwell Banker Realty

    (404) 862-4573

    2 in this area

    86 Total Sales

    Hossana Kebede
    Section Image
  • Erika Francis

    Seller's Agent in 2024

    Erika Francis

    EXP Realty, LLC.

    (404) 454-6833

    15 Total Sales

    Erika Francis
    Section Image

  • A

    Buyer's Agent in 2024

    Adonay Semere

    Realty Professionals

    (706) 461-5093

    2 in this area

    24 Total Sales

    Adonay Semere
    Section Image

  • J

    Seller's Agent in 2013

    Jessica Holliman

    Holliman Properties

    Section Image
  • Glenda Broker

    Buyer's Agent in 2013

    Glenda Broker

    Non-Mls Company

    (800) 289-1214

    Glenda Broker
    Section Image
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Map

Source: Georgia MLS

MLS Number: 10353496

Georgia MLS

APN: 6-197-107

Georgia Gwinnett County Norcross 30093

1502 Harbins Rd, Norcross, GA

This home is located at 1502 Harbins Rd, Norcross, GA 30093 since 07 August 2024 and is currently estimated at $838,890, approximately $149 per square foot. This property was built in 1983. 1502 Harbins Rd is a home located in Gwinnett County with nearby schools including Meadowcreek Elementary School, Louise Radloff Middle School, and Meadowcreek High School.

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