NOT LISTED FOR SALE

1522 Central Ave Demorest, GA 30535

Estimated Value: $312,000 - $470,000

1 Bed
4 Baths
-- Sq Ft
2.4 Acres Lot

Sale Details

Date Sold: May 2, 2023

Last sale price $240,000

Est. 67% increase in value since last sale

Current estimated payment $2,393 / mo

67 Days on Market

Highlights

  • 2.4 Acre Lot
  • No HOA
  • Central Heating and Cooling System
  • Demorest Elementary School Rated A-
  • 1-Story Property
  • Wood Siding

About This Home

As of May 2023

Incomparable property! Triplex with additional stand alone unit on 2.4 acres. The property is located in a prime location zoned HI Residential. Build on the current 4 rental options or an all new vision on the land beyond. The triplex features a 1BR, 1BA unit (currently rented mid term), a recently renovated studio unit (currently rented short term) and a 2 bedroom(3rd bedroom has no windows and could be office), 2 bath unit occupied by seller. The stand alone is a studio space with separate kitchen and bathroom. The property also features 2 sheds built in 1900 and 1957 as well as buildable land beyond and ends at the historic Tallulah Falls Railway property line marker along Hazel Creek. The gorgeous lot features plenty of area to build your dream home in back while generating income from the front end triplex.

Last Agent to Sell the Property

Ingle Chadwick

Keller Williams Greater Athens License #310373 Listed on: 02/16/2023

Keller Williams Greater Athens

Last Buyer's Agent

Yasmary Rosello

eXp Realty License #410031

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,778

Year Built

  • Built in 1934

Lot Details

  • 2.4 Acre Lot

Home Design

  • Triplex
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Crawl Space

Parking

  • Over 1 Space Per Unit
  • Parking Accessed On Kitchen Level

Schools

  • Demorest Elementary School
  • H A Wilbanks Middle School
  • Habersham Central High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for electricity, gas, sewer, trash collection, water

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $23,346

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,778

Year Built

Built in 1934

Lot Details

2.4 Acres

Listing Details

  • Property Type: Residential Income
  • Year Built: 1934
  • Financing Type: Seller Financing
  • Levels: One
  • Lot Size Acres: 2.40
  • Structure Type: Other, Triplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Construction Materials: Other, Wood Siding
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Kitchen Level, Over 1 Space per Unit

Utilities

  • Cooling: Central Air, Other
  • Heating: Natural Gas, Central, Other
  • Laundry Features: Other
  • Sewer: Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Demorest
  • High School: Habersham Central
  • High School Bus: Yes
  • Middle School: H A Wilbanks
  • Middle School Bus: Yes

Rental Info

  • Owner Pays: Electricity, Gas, Sewer, Trash Collection, Water

Tax Info

  • Year: 2021
  • Tax Annual Amount: 1777.72

Multi Family

  • GrossIncome: 23346
  • NumberOfUnitsTotal: 4

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2023
Closed on
May 2, 2023
Sold by
Chadwick Ingle
Bought by
Rp Acquisitions Llc
Seller's Agent
Ingle Chadwick
Keller Williams Greater Athens
Buyer's Agent
Yasmary Rosello
eXp Realty
List Price
$275,000
Sold Price
$240,000
Premium/Discount to List
-$35,000
-12.73%
Views
257
Current Estimated Value
$401,822

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,822
Avg. Annual Appreciation
18.95%
Original Mortgage
$205,000
Outstanding Balance
$48,941
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$352,881

Purchase Details

Listed on
Sep 20, 2021
Closed on
Nov 1, 2021
Sold by
Svm Enterprises Inc
Bought by
Ard Ingle C
Seller's Agent
Cassandra Gunby
Nacoochee Real Estate
Buyer's Agent
Ingle Chadwick
Keller Williams Greater Athens
List Price
$274,900
Sold Price
$250,000
Premium/Discount to List
-$24,900
-9.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.68%

Purchase Details

Closed on
Aug 15, 2013
Sold by
Scbt
Bought by
Svm Enterprises Inc

Purchase Details

Closed on
Sep 4, 2012
Sold by
Scbt
Bought by
Scbt
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
Rp Acquisitions Llc $240,000 --
Ard Ingle C $250,000 --
Svm Enterprises Inc $57,840 --
Scbt -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rp Acquisitions Llc $205,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/02/2023 05/02/23 Sold $240,000 -12.7% --
04/24/2023 04/24/23 Pending -- -- --
04/19/2023 04/19/23 Price Changed $275,000 0.0% --
04/19/2023 04/19/23 For Sale $275,000 -1.4% --
03/22/2023 03/22/23 Pending -- -- --
02/16/2023 02/16/23 For Sale $278,900 +11.6% --
11/02/2021 11/02/21 Sold $250,000 -9.1% -- View Prior Sale
11/02/2021 11/02/21 Pending -- -- --
09/20/2021 09/20/21 For Sale $274,900 -- --
Source: Georgia MLS

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
2025 $3,325 $106,173 $26,947 $79,226
2024 $2,460 $94,792 $33,524 $61,268
2023 $2,713 $104,536 $33,524 $71,012
2022 $2,480 $95,120 $33,524 $61,596
2021 $1,452 $55,924 $33,524 $22,400
2020 $1,418 $52,708 $33,524 $19,184
2019 $1,419 $52,708 $33,524 $19,184
2018 $1,408 $52,708 $33,524 $19,184
2017 $1,033 $38,456 $21,416 $17,040
2016 $954 $91,450 $19,540 $17,040
2015 $943 $91,450 $19,540 $17,040
2014 $963 $91,680 $19,540 $17,132
2013 -- $26,132 $19,540 $6,592
Source: Public Records

Agents Affiliated with this Home

  • Ingle Chadwick

    Seller's Agent in 2023

    Ingle Chadwick

    Keller Williams Greater Athens

    (770) 262-2262

    2 in this area

    22 Total Sales

    Ingle Chadwick
    Section Image
  • Yasmary Rosello

    Buyer's Agent in 2023

    Yasmary Rosello

    eXp Realty

    (470) 798-0409

    1 in this area

    8 Total Sales

    Yasmary Rosello
    Section Image

  • C

    Seller's Agent in 2021

    Cassandra Gunby

    RE/MAX

    Section Image
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Map

Source: Georgia MLS

MLS Number: 20104005

Georgia MLS

APN: 077-123

Georgia Habersham County Demorest 30535

1522 Central Ave, Demorest, GA

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