NOT LISTED FOR SALE

1515 Old Lafayette Rd Rossville, GA 30742

Lakeview Neighborhood

Estimated Value: $471,000 - $687,000

-- Bed
2 Baths
5,324 Sq Ft
$101/Sq Ft Est. Value

Last Sold August 31, 2018

Last sale price $265,000 $50 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $3,360/month

152 Days on Market

Highlights

  • No HOA
  • Central Heating
  • Property has 3 Levels
  • Cooling Available

About This Home

As of August 2018

This is an excellent opportunity for anyone looking for cash flow positive investment property. Unit 2 is listed as the quadraplex (total of 4 units) in the listing detail description. Each apt in the quadraplex is 2 bedrooms/1 bath. A brand new roof was installed on the quadraplex in June of 2015. The Duplex is marked as unit 1 in the description. Both the duplex and quadraplex have been well maintained. Upgrades have been made as needed from new carpet, appliances, countertops, and light fixtures. each unit has its own washer and dryer. Both the quadraplex and duplex will need to be sold as a package deal and will not be divided. The seller has have had no issues with keeping all 6 units tenant occupied. Also take note of the corner lot in the posted pictures additional units may be able to be built as permitted by zoning and code requirements for the area. Schedule your appointment today! Minimum of 24 hour notice required 48 hour notice highly preferred.

Last Agent to Sell the Property

Daniel Anderson

Greater Downtown Realty dba Keller Williams Realty License #320225 Listed on: 03/16/2018

Greater Downtown Realty dba Keller Williams Realty

Last Buyer's Agent

Matthew Mucciolo

RE/MAX Properties License #323367

RE/MAX Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,997

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 160x150

Interior Spaces

  • 5,324 Sq Ft Home
  • Property has 3 Levels

Schools

  • Battlefield Primary Elementary School
  • Lakeview Middle School
  • Lakeview-Fort Oglethorpe High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $1,100
  • Assessor Parcel Number 0002C062

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • A P Green Ests Subdivision

Building Details

  • Gross Income $42,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,997

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1925
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Structure Type: Multi Family
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Building Area Units: Square Feet
  • Living Area: 5324
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Aluminum Siding, Fiber Cement
  • Pool Private: No
  • Roof: Other
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Detached

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 160X150
  • Lot Size Units: Acres
  • Parcel #: 0002C062
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 42000
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 6
  • Total Actual Rent: 1100

Tax Info

  • Tax Annual Amount: 2997

MLS Schools

  • Elementary School: Battlefield Primary School
  • High School: Lakeview-Fort Oglethorpe High School
  • Middle Or Junior School: Lakeview Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2018
Closed on
Aug 31, 2018
Sold by
Swafford Properties Llc
Bought by
Wade Jeffrey R and Oneal-Wade Penny Y
Seller's Agent
Daniel Anderson
Greater Downtown Realty dba Keller Williams Realty
Buyer's Agent
Matthew Mucciolo
RE/MAX Properties
List Price
$325,000
Sold Price
$265,000
Premium/Discount to List
-$60,000
-18.46%
Current Estimated Value
$536,282

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,282
Avg. Annual Appreciation
8.47%

Purchase Details

Closed on
Jul 7, 2014
Sold by
Oneal Janet
Bought by
Swafford Tim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.24%
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
Wade Jeffrey R $265,000 --
Swafford Tim $240,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2018 08/31/18 Sold $265,000 -18.5% $50 / Sq Ft
08/15/2018 08/15/18 Pending -- -- --
03/16/2018 03/16/18 For Sale $325,000 -- $61 / Sq Ft
Source: Realtracs

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 $6,194 $236,402 $20,000 $216,402
2023 $3,869 $147,061 $19,200 $127,861
2022 $3,821 $136,021 $19,200 $116,821
2021 $3,200 $108,362 $19,200 $89,162
2020 $3,136 $106,224 $19,200 $87,024
2019 $3,185 $101,622 $19,200 $82,422
2018 $3,015 $96,211 $19,200 $77,011
2017 $2,997 $95,644 $19,200 $76,444
2016 $3,053 $93,245 $19,200 $74,045
2015 -- $93,245 $19,200 $74,045
2014 -- $46,543 $7,200 $39,343
2013 -- $46,542 $7,200 $39,342
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2325646

Realtracs

APN: 0002C-062