$38,000
SOLD FEB 13, 2015

1509 Mercer Way Decatur, GA 30035

4 Beds
2 Baths
1,089 Sq Ft
0.3 Acres

Recently Sold

$35 Per Sq Ft

5% Below List Price

Highlights

  • Ranch Style House
  • Formal Dining Room
  • Eat-In Kitchen
  • Wood Flooring
  • Front Porch
  • Accessible Entrance

About This Home

As of June 2015

Investor Special! Fixer upper in a great rental neighborhood. Sold as is. Cash only.

Last Agent to Sell the Property

Candace Fuqua

Avenue Realty License #244582 Listed on: 01/20/2015

Co-Listed By

Earl Burdette

Avenue Realty License #104658

Last Buyer's Agent

Candace Fuqua

Avenue Realty License #244582 Listed on: 01/20/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $873

Year Built

  • Built in 1968

Lot Details

  • Lot Dimensions are 85x150
  • Level Lot

Home Design

  • Ranch Style House
  • Fixer Upper
  • Composition Roof

Interior Spaces

  • 1,089 Sq Ft Home
  • Formal Dining Room
  • Wood Flooring
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops
  • Wood Stained Kitchen Cabinets

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms
  • Shower Only

Laundry

  • Laundry on main level
  • Laundry in Kitchen

Parking

  • Parking Accessed On Kitchen Level
  • Driveway Level

Schools

  • Rowland Elementary School
  • Mary Mcleod Bethune Middle School
  • Towers High School

Additional Features

  • Accessible Entrance
  • Front Porch

Community Details

  • Heatherwood North Subdivision

Listing and Financial Details

  • Legal Lot and Block 81 / E
  • Assessor Parcel Number 1509MercerWAY

Home Details

Home Type

Single Family

Est. Annual Taxes

$873

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Condition: Fixer Upper
  • Year Built: 1968
  • Accessibility Features: Accessible Entrance
  • Levels Stories: One
  • Special Features: None
  • Stories: 1

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Hardwood
  • Basement: Crawl Space
  • Kitchen Features: Cabinets Stain, Eat-in Kitchen, Laminate Counters
  • Common Walls: No Common Walls
  • Additional Rooms: Other
  • Dining Room Features: Separate Dining Room
  • Square Footage: 1089.00

Beds/Baths

  • Total Bedrooms: 4
  • Bedroom Features: Master on Main
  • Main Bedrooms: 4
  • Total Full Baths: 2
  • Main Full Bathrooms: 2
  • Master Bathroom Features: Shower Only

Exterior Features

  • Roof Type: Composition
  • Patio And Porch Features: Front Porch

Garage/Parking

  • Parking Features: Driveway, Kitchen Level, Level Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: In Kitchen, Main Level

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Master Association Fee Frequency: Annually
  • Subdivision Complex: Heatherwood North

Schools

  • Elementary School: Rowland
  • Middle School: Mary McLeod Bethune
  • High School: Towers

Lot Info

  • Lot: 81
  • Land/Lot: 194
  • Lot Features: Level
  • Lot Dimensions: 85x150
  • Parcel Number: 1509MercerWAY
  • Property Attached Yn: No

Tax Info

  • Taxes: 873.00
  • Assessor Parcel Number: 15-194-03-005
  • Close Date: 2015-02-13
  • Tax Year: 2013

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Rowland
  • High School: Towers
  • Middle School: Mary McLeod Bethune

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2015
Closed on
Jun 11, 2015
Sold by
Spratley Jenier
Bought by
Williams Tremayne J
Seller's Agent
Juanita Nicks-Batts
HomeOwnership.com
Buyer's Agent
Michelle Johnson
HomeSmart
List Price
$79,000
Sold Price
$79,000
Current Estimated Value
$222,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,171
Avg. Annual Appreciation
10.54%
Original Mortgage
$76,630
Outstanding Balance
$59,710
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$162,461

Purchase Details

Listed on
Jan 20, 2015
Closed on
Feb 13, 2015
Sold by
Initiative For Affordable Hous
Bought by
Spratley Jenier and Spratley Rodney
Seller's Agent
Candace Fuqua
Avenue Realty
Buyer's Agent
Candace Fuqua
Avenue Realty
List Price
$39,900
Sold Price
$38,000
Premium/Discount to List
-$1,900
-4.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
884.60%

Purchase Details

Closed on
Apr 23, 2010
Sold by
Jp Morgan Chase Bk
Bought by
Initiative For Affordable Hous

Purchase Details

Closed on
Apr 1, 2010
Sold by
Washington Mutual Bk
Bought by
Jp Morgan Chase Bk

Purchase Details

Closed on
Nov 3, 2009
Sold by
Washington Mutual Bk
Bought by
Jp Morgan Chase Bk

Purchase Details

Closed on
May 27, 2003
Sold by
Peactree Tu Inc
Bought by
Freedom Quest

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,080
Interest Rate
5.3%

Purchase Details

Closed on
Jul 2, 2002
Sold by
Washington Mutual Bank
Bought by
Sec Of Hud
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
Warranty Deed $79,000 --
Warranty Deed $38,000 --
Deed -- --
Quit Claim Deed -- --
Foreclosure Deed $20,100 --
Deed $79,000 --
Quit Claim Deed -- --
Quit Claim Deed -- --
Foreclosure Deed $111,343 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $76,630 New Conventional
Previous Owner $87,080 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2015 06/11/15 Sold $79,000 0.0% $73 / Sq Ft
05/12/2015 05/12/15 Pending -- -- --
03/31/2015 03/31/15 For Sale $79,000 +107.9% $73 / Sq Ft
02/13/2015 02/13/15 Sold $38,000 -4.8% $35 / Sq Ft
01/20/2015 01/20/15 For Sale $39,900 -- $37 / 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 $4,234 $86,440 $14,000 $72,440
2023 $4,234 $78,520 $14,000 $64,520
2022 $3,505 $71,960 $12,000 $59,960
2021 $2,234 $43,000 $3,880 $39,120
2020 $1,992 $37,480 $3,880 $33,600
2019 $1,918 $35,800 $3,880 $31,920
2018 $1,445 $32,280 $3,880 $28,400
2017 $1,495 $26,040 $3,880 $22,160
2016 $768 $9,520 $3,880 $5,640
2014 $1,097 $16,560 $3,880 $12,680
Source: Public Records

Agents Affiliated with this Home

  • Candace Fuqua

    Seller's Agent in 2015

    Candace Fuqua

    Avenue Realty

    (770) 912-9003

    89 Total Sales

    Candace Fuqua
    Section Image
  • Juanita Nicks-Batts

    Seller's Agent in 2015

    Juanita Nicks-Batts

    HomeOwnership.com

    (678) 437-5431

    95 Total Sales

    Juanita Nicks-Batts
    Section Image
  • Earl Burdette

    Seller Co-Listing Agent in 2015

    Earl Burdette

    Avenue Realty

    (404) 434-9948

    44 Total Sales

    Earl Burdette
    Section Image
  • Michelle Johnson

    Buyer's Agent in 2015

    Michelle Johnson

    HomeSmart

    (404) 566-0249

    27 Total Sales

    Michelle Johnson
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5386376

First Multiple Listing Service (FMLS)

APN: 15-194-03-005

Georgia DeKalb County Decatur 30035

1509 Mercer Way, Decatur, GA

This home is located at 1509 Mercer Way, Decatur, GA 30035 and is currently priced at $38,000, approximately $34 per square foot. This property was built in 1968. 1509 Mercer Way is a home located in DeKalb County with nearby schools including Rowland Elementary School, Mary McLeod Bethune Middle School, and Towers High School.

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