$412,500
SOLD MAY 22, 2014

1531 Beech Valley Way NE Atlanta, GA 30306

Morningside Neighborhood
6 Beds
4 Baths
3,024 Sq Ft
0.5 Acres

Recently Sold

$136 Per Sq Ft

8% Below List Price

10 Days on Market

Highlights

  • 0.5 Acre Lot
  • Property is near public transit
  • Four Sided Brick Exterior Elevation
  • Druid Hills High School Rated A-
  • Accessible Entrance
  • 1-minute walk to Beech Valley Park

About This Home

As of May 2014

Zoned Triplex! Full basement ready for buildout and add more income to this great investment property. Both units are leased to wonderful tenants, and dont stay vacant when they become available. Solid building with mechanical and roof updates in the past 8 years. Do not disturb tenants.

Last Agent to Sell the Property

Dana Link

Atlanta Intown Real Estate Services License #267411 Listed on: 04/25/2014

Last Buyer's Agent

Nancy Koutnik

NOT A VALID MEMBER License #292456

NOT A VALID MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,316

Year Built

  • Built in 1949

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 87x178
  • Sloped Lot

Parking

  • Driveway Level

Home Design

  • Triplex
  • Composition Roof
  • Four Sided Brick Exterior Elevation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Schools

  • Briar Vista Elementary School
  • Druid Hills Middle School
  • Druid Hills High School

Utilities

  • Central Heating
  • Heating System Uses Natural Gas

Additional Features

  • Accessible Entrance
  • Property is near public transit

Community Details

  • 2 Units
  • Viginia Highland Druid Hills Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 1531BeechValleyWAYNE

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,316

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Triplex
  • Property Condition: Resale
  • Year Built: 1949
  • Accessibility Features: Accessible Entrance
  • Special Features: None

Property Details

  • Property: Residential Income

Beds/Baths

  • Total Bedrooms: 6
  • Total Full Baths: 4

Exterior Features

  • Construction Materials: Brick 4 Sides
  • Roof Type: Composition

Garage/Parking

  • Parking Features: Driveway, Level Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Central, Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation
  • Subdivision Complex: Viginia Highland Druid Hills

Schools

  • Elementary School: Briar Vista
  • Middle School: Druid Hills
  • High School: Druid Hills

Lot Info

  • Acres: 0.5000
  • Lot: 3
  • Land/Lot: 55
  • Plat Book: 15
  • Plat Page: 72
  • Lot Features: Sloped
  • Lot Dimensions: 87x178
  • Parcel Number: 1531BeechValleyWAYNE
  • Property Attached Yn: No

Multi Family

  • Unit Count: 4
  • Number Of Units Total: 2

Tax Info

  • Taxes: 6316.00
  • Assessor Parcel Number: 18-055-10-006
  • Close Date: 2014-05-22
  • Tax Year: 2012

MLS Schools

  • Elementary School: Briar Vista
  • High School: Druid Hills
  • Middle School: Druid Hills

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2014
Closed on
May 22, 2014
Sold by
Woodard Daniel L
Bought by
Burks Falls Grp Llc
Seller's Agent
Dana Link
Atlanta Intown Real Estate Services
Buyer's Agent
Nancy Koutnik
NOT A VALID MEMBER
List Price
$450,000
Sold Price
$412,500
Premium/Discount to List
-$37,500
-8.33%
Current Estimated Value
$1,127,443

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$714,943
Avg. Annual Appreciation
9.30%

Purchase Details

Closed on
Jan 21, 2005
Sold by
Shepherd Charles D
Bought by
Woodard Daniel L

Purchase Details

Closed on
Feb 24, 2003
Sold by
Shepherd Charles D
Bought by
Shepherd Charles D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$385,000
Interest Rate
5.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 1997
Sold by
Hatfield Phyllis R
Bought by
Shepherd Charles D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,600
Interest Rate
7.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 1995
Sold by
Morrow Hollis G
Bought by
Hatfield Phyllis R
Source: Public Records

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Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $412,500 --
Deed $51,000 --
Quit Claim Deed -- --
Deed $267,000 --
Deed $259,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $385,000 New Conventional
Previous Owner $306,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $213,600 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/12/2014 09/12/14 Rented $1,500 0.0% --
09/12/2014 09/12/14 For Rent $1,500 0.0% --
05/22/2014 05/22/14 Sold $412,500 -8.3% $136 / Sq Ft
05/05/2014 05/05/14 Pending -- -- --
04/25/2014 04/25/14 For Sale $450,000 0.0% $149 / Sq Ft
05/07/2012 05/07/12 Rented $1,450 0.0% --
05/07/2012 05/07/12 For Rent $1,450 -- --
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 $12,688 $265,520 $90,160 $175,360
2023 $12,688 $224,920 $90,160 $134,760
2022 $7,231 $144,760 $80,000 $64,760
2021 $8,875 $182,200 $80,000 $102,200
2020 $8,645 $176,960 $80,000 $96,960
2019 $9,027 $185,680 $37,080 $148,600
2018 $8,709 $193,880 $37,080 $156,800
2017 $9,762 $191,000 $37,080 $153,920
2016 $8,364 $169,400 $37,080 $132,320
2014 $7,863 $154,240 $37,080 $117,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5281421

First Multiple Listing Service (FMLS)

APN: 18-055-10-006