NOT LISTED FOR SALE

1608 Lexington Rd Athens, GA 30605

Estimated Value: $263,000 - $595,000

5.02 Acres
$81,901 Price per Acre
218,671 Sq Ft Lot

Last Sold July 29, 2021

Last sale price $350,000 $134 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,374/month

385 Days on Market

About This Lot

As of July 2021

Great redevelopment opportunity conveniently located on US Hwy 78/Lexington Road just minutes from downtown Athens and UGA. This site is 5+/- acres right at the intersection of Lexington Road and Winterville Road. The site is zoned Commercial General (C-G) on the front 2 acres and Residential Multifamily (RM-1) the back 3 acres. The current residential density is 24-beds an acre in the C-G zoning and 16-beds an acre in the RM-1 zoning. This gives the site a total density of 96 bedrooms. Additionally, the Commercial General zoning allows for retail, office, hotels, restaurants, and more. This site currently has 3 older rental houses on it with some income currently in-place. Highly visible location on one of the busiest corridors in Athens. This property is located on US Hwy 78/Lexington Road just outside the Athens Perimeter at the intersection of Lexington Road and Winterville Road. It is adjacent to the AMC movie theater and just minutes from shopping, restaurants, Downtown Athens, and The University of Georgia.

Last Agent to Sell the Property

Daniel Bennett

Thrive.RealEstate LLC License #345850 Listed on: 06/09/2020

Last Buyer's Agent

Daniel Bennett

Thrive.RealEstate LLC License #345850 Listed on: 06/09/2020

Property Details

Property Type

  • Land

Lot Details

  • Sloped Lot
  • Property is zoned CG/RM-1, Commercial

Schools

  • Gaines School Road Elementary School
  • Hilsman Middle School
  • Cedar Shoals High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 174B1 B007

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Sub Type: Commercial
  • Property Type: Land
  • Subdivision Name: No Recorded Subdivision
  • Master Plan Zoning: CG/RM-1
  • Property Sub Type Additional: Commercial
  • Special Features: None

Exterior Features

  • Other Structures: Other
  • Acres: 5.02

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Cooling Y N: No
  • Heating: None
  • HeatingYN: No
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Hilsman Middle

Lot Info

  • Lot Size Area: 5.02
  • Parcel Number: 174B1 B007
  • Topography: Sloping
  • ResoLotSizeUnits: Acres
  • Zoning Description: Commercial

MLS Schools

  • Elementary School: Gaines School Road Elementary
  • HighSchool: Cedar Shoals

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2020
Closed on
Jul 30, 2021
Sold by
Crowley Elma Helen Tr
Bought by
Centurion Investments Llc
Seller's Agent
Daniel Bennett
Thrive.RealEstate LLC
Buyer's Agent
Daniel Bennett
Thrive.RealEstate LLC
List Price
$650,000
Sold Price
$350,000
Premium/Discount to List
-$300,000
-46.15%
Current Estimated Value
$411,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,144
Avg. Annual Appreciation
3.73%

Purchase Details

Closed on
Jun 29, 2017
Sold by
Helen Elma
Bought by
Crowley Jones Wanda and Hughes Guy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Centurion Investments Llc $350,000 --
Crowley Jones Wanda -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2021 07/29/21 Sold $350,000 -46.2% $134 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
06/09/2020 06/09/20 For Sale $650,000 -- $250 / Sq Ft
Source: Savannah Multi-List Corporation

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
2025 $2,561 $82,488 $62,550 $19,938
2024 $2,561 $81,510 $62,550 $18,960
2023 $2,547 $80,531 $62,550 $17,981
2022 $1,383 $78,869 $62,550 $16,319
2021 $3,035 $90,066 $62,550 $27,516
2020 $3,096 $91,866 $64,350 $27,516
2019 $3,119 $91,866 $64,350 $27,516
2018 $3,119 $91,866 $64,350 $27,516
2017 $3,119 $91,866 $64,350 $27,516
2016 $3,119 $91,866 $64,350 $27,516
2015 $3,123 $91,866 $64,350 $27,516
2014 $3,128 $91,866 $64,350 $27,516
Source: Public Records

Agents Affiliated with this Home

  • Daniel Bennett

    Seller's Agent in 2021

    Daniel Bennett

    Thrive.RealEstate LLC

    (706) 340-6066

    89 Total Sales

    Daniel Bennett
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Map

Source: Savannah Multi-List Corporation

MLS Number: CM975743

Savannah Multi-List Corporation

APN: 174B1-B-007

Georgia Clarke County Athens 30605

1608 Lexington Rd, Athens, GA

Not Listed for Sale

Lots

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