NOT LISTED FOR SALE

1520 Buchanan Hwy Cedartown, GA 30125

Estimated Value: $151,000 - $227,000

2 Beds
1 Bath
1,243 Sq Ft
$146/Sq Ft Est. Value

Last Sold May 18, 2022

Last sale price $300,000 $241 Per Sq Ft

Est. 40% decrease in value since last sale

Current estimated payment $1,042/month

44 Days on Market

Highlights

  • City View
  • Wood Flooring
  • Formal Dining Room
  • Traditional Architecture
  • Corner Lot
  • Separate Outdoor Workshop

About This Home

As of May 2022

If you are looking for a great rental investment , this is it. Included in the sale of this house is three other properties: 1) 210 Luckie Street a 2 bedroom 1 bath rental house It needs very little work to be move in ready. Mostly painting inside. Parcel # 025C104A. 2) 1520 south Main Street approximately 1300 sq ft retail store building. Parcel # 025C104B. 3) 1514 Buchanan Highway. A 2 bedroom 1 bath move in ready rental house. Parcel # 025C104C. All are vacant so you can set your own rental rate. They are all on 1 water meter. There is a big demand for rental properties in Cedartown at this time. Take a look at them, do the math and you will see you could possibly get close to a 10% return on your investment. This is a great location just off the Cedartown bypass on South Main. From these homes you can easily get to shopping on the north end of town by using the bypass.

Last Agent to Sell the Property

Dan Reid

Hardy Realty and Development Company License #380495 Listed on: 02/23/2022

Hardy Realty and Development Company

Last Buyer's Agent

Sandi Smith

Drake Realty, Inc License #358786

Drake Realty, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,860

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 118 x120
  • Chain Link Fence
  • Corner Lot

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Brick Foundation
  • Block Foundation
  • Shingle Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1-Story Property
  • Awning
  • Living Room
  • Formal Dining Room
  • City Views
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Gas Range
  • Laminate Countertops

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in Mud Room
  • Dryer
  • Washer

Outdoor Features

  • Separate Outdoor Workshop
  • Shed

Schools

  • Northside - Polk Elementary School
  • Cedartown Middle School
  • Cedartown High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • 220 Volts
  • 110 Volts
  • Gas Water Heater
  • Septic Tank

Community Details

  • Rental Restrictions

Listing and Financial Details

  • Assessor Parcel Number 025C104

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,860

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Property Condition: Resale
  • Year Built: 1900
  • Levels Stories: One
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Hardwood, Vinyl
  • Appliances: Dryer, Gas Range, Gas Water Heater, Refrigerator, Washer
  • Interior Amenities: Disappearing Attic Stairs
  • Basement: Crawl Space
  • Kitchen Features: Laminate Counters
  • Common Walls: No Common Walls
  • Additional Rooms: Living Room
  • Dining Room Features: Separate Dining Room
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 2
  • Main Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Baths: 1
  • Main Full Bathrooms: 1

Exterior Features

  • Other Structures: Shed(s), Workshop
  • Construction Materials: Brick 4 Sides
  • Roof Type: Shingle
  • Fencing: Chain Link
  • Exterior Features: Awning(s), Storage
  • View: City
  • Foundation: Block, Brick/Mortar

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Central Air
  • Heating: Central, Natural Gas
  • Laundry Features: Mud Room
  • Utilities: Electricity Available, Natural Gas Available, Water Available
  • Electric: 110 Volts, 220 Volts

Condo/Co-op/Association

  • HOA Rent Restrictions: Yes

Lot Info

  • Plat Page: 233
  • Lot Features: Corner Lot
  • Lot Dimensions: 118 X120
  • Parcel Number: 025C104
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 1860.00
  • Additional Assessor Parcel Numbers: 025C104A, 025C104B, 025C104C
  • Tax Year: 2021

MLS Schools

  • Elementary School: Northside - Polk
  • High School: Cedartown
  • Middle School: Cedartown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2022
Closed on
May 18, 2022
Sold by
Wallace Barry W Sr Estate
Bought by
Hubbard Jordan
Seller's Agent
Dan Reid
Hardy Realty and Development Company
Buyer's Agent
Sandi Smith
Drake Realty, Inc
List Price
$325,000
Sold Price
$300,000
Premium/Discount to List
-$25,000
-7.69%
Current Estimated Value
$181,399

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$118,601
Avg. Annual Appreciation
-13.08%
Original Mortgage
$240,000
Interest Rate
5.11%
Mortgage Type
Mortgage Modification

Purchase Details

Closed on
Nov 12, 2020
Sold by
Executor Wallace Barry W Jr
Bought by
Wallace Barry W and Wallace Gregory Todd

Purchase Details

Closed on
Feb 8, 1990
Sold by
Mellon Fin Ser Corp
Bought by
Wallace Barry

Purchase Details

Closed on
May 9, 1989
Sold by
Whipple Harry A
Bought by
Mellon Financial Ser

Purchase Details

Closed on
Apr 5, 1974
Sold by
Blankenship Roy B
Bought by
Whipple Harry A

Purchase Details

Closed on
Sep 15, 1973
Bought by
Blankenship Roy B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Hubbard Jordan $300,000 --
Wallace Barry W -- --
Wallace Barry $37,000 --
Mellon Financial Ser $49,100 --
Whipple Harry A -- --
Blankenship Roy B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Hubbard Jordan $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/18/2022 05/18/22 Sold $300,000 -7.7% $241 / Sq Ft
04/08/2022 04/08/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $325,000 0.0% $261 / Sq Ft
03/18/2022 03/18/22 Pending -- -- --
02/23/2022 02/23/22 For Sale $325,000 -- $261 / 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 $1,066 $51,013 $2,448 $48,565
2023 $969 $40,851 $2,448 $38,403
2022 $847 $35,706 $2,448 $33,258
2021 $1,313 $54,628 $4,176 $50,452
2020 $1,268 $54,628 $4,176 $50,452
2019 $676 $27,180 $3,590 $23,590
2018 $650 $25,594 $2,692 $22,902
2017 $642 $25,594 $2,692 $22,902
2016 $537 $21,716 $2,692 $19,024
2015 $544 $21,927 $2,692 $19,235
2014 $527 $21,156 $1,921 $19,235
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7008347

First Multiple Listing Service (FMLS)

APN: 025C104