NOT LISTED FOR SALE

1514 Dexter Ave Macon, GA 31204

Estimated Value: $69,000 - $85,000

2 Beds
1 Bath
1,128 Sq Ft
$68/Sq Ft Est. Value

Last Sold June 05, 2024

Last sale price $74,000 $66 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $468/month

15 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • Central Heating and Cooling System

About This Home

As of June 2024

Have you been wanting to buy a rental property and start collecting passive income? This may be the perfect opportunity for you! Professionally managed, this investment property currently rented for $750/month! And comps show market rent is $925/mo so an increase may be approved at the next renewal period. This Cash Cow exceeds the 1% rule and will generate income with a great, reliable tenant in place. Macon is growing and expected to explode in the coming years as it establishes itself as a major transportation HUB and tourist destination. Don't regret passing up this turn key investment.

Last Agent to Sell the Property

Patrick Peyer

Keller Williams Realty License #266568 Listed on: 03/26/2024

Keller Williams Realty

Last Buyer's Agent

Patrick Peyer

Keller Williams Realty License #266568 Listed on: 03/26/2024

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $579

Year Built

  • Built in 1950

Lot Details

  • 8,712

Home Design

  • Stone Frame

Schools

  • Weaver Middle School
  • Westside High School

Additional Features

  • 1-Story Property
  • 8,712 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Windemere Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$579

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1950
  • Financing Type: Conventional
  • Levels: One
  • Lot Size Acres: .20
  • Structure Type: Other
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement: None
  • Price Per Square Foot: 350000

Exterior Features

  • Construction Materials: Stone Frame
  • Property Condition: Resale

Garage/Parking

  • Parking Features: None

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Other
  • High School: Westside
  • Middle School: Weaver
  • Elementary School: Other
  • Middle School: Weaver
  • High School: Westside

Lot Info

  • Deed Book: 11604
  • Deed Page: 6

Rental Info

  • Owner Pays: Other

Tax Info

  • Year: 2023
  • Tax Annual Amount: 579

Multi Family

  • NumberOfUnitsTotal: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2024
Closed on
Jun 4, 2024
Sold by
Cambridge Standard Llc
Bought by
Leather Belt Llc
Seller's Agent
Patrick Peyer
Keller Williams Realty
Buyer's Agent
Patrick Peyer
Keller Williams Realty
List Price
$70,000
Sold Price
$74,000
Premium/Discount to List
$4,000
5.71%
Views
83
Current Estimated Value
$77,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,078
Avg. Annual Appreciation
4.44%
Original Mortgage
$59,200
Outstanding Balance
$58,723
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$18,929

Purchase Details

Closed on
Jun 20, 2023
Sold by
Self Tilman E
Bought by
Cambridge Standard Llc

Purchase Details

Closed on
Dec 13, 1999
Sold by
Self Tilman E
Bought by
Self Tilman E and Self Shane
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
Leather Belt Llc $74,000 None Listed On Document
Cambridge Standard Llc $145,000 None Listed On Document
Self Tilman E $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leather Belt Llc $59,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2024 06/05/24 Sold $74,000 +5.7% $66 / Sq Ft
04/10/2024 04/10/24 Pending -- -- --
03/26/2024 03/26/24 For Sale $70,000 -- $62 / 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
2024 $501 $25,523 $2,400 $23,123
2023 $675 $22,791 $2,400 $20,391
2022 $555 $16,037 $2,215 $13,822
2021 $452 $11,890 $2,215 $9,675
2020 $462 $11,890 $2,215 $9,675
2019 $465 $11,890 $2,215 $9,675
2018 $893 $11,890 $2,215 $9,675
2017 $445 $11,890 $2,215 $9,675
2016 $411 $11,890 $2,215 $9,675
2015 $582 $11,890 $2,215 $9,675
2014 $670 $11,890 $2,215 $9,675
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 10271925

Georgia MLS

APN: N082-0238