NOT LISTED FOR SALE

1616 Palmilla Way SW Stockbridge, GA 30281

Estimated Value: $954,000 - $1,009,725

5 Beds
5.5 Baths
4,965 Sq Ft
$198/Sq Ft Est. Value

Last Sold October 11, 2021

Last sale price $860,000 $173 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $6,707/month

16 Days on Market

Highlights

  • Separate his and hers bathrooms
  • Deck
  • Wooded Lot
  • Sitting Area In Primary Bedroom
  • Contemporary Architecture
  • Wood Flooring

About This Home

As of October 2021

This breathtaking estate is nestled in an high-end luxury gated neighborhood.

Elegance and luxury are embodied at every turn in this expansive modern traditional home. Upon entry of the grand staircase, you will find that this home is purposely designed, taking advantage of all vantage points, each room is united with windows; framed to capture sunrise and sunset. Fresh, light color collections thoughtfully curated for each space to create an atmosphere of comfort and tranquility. Perfect for entertaining; the living room, sitting area, and dining room offer ample space for guests to mingle and relax.The kitchen is dressed in soft white quartz countertops with a custom mirrored backsplash overlooking the living room.The owner's suite is on the main level, the space offers peace & privacy and includes beautiful baths adorned in crisp stones, generous closet spaces.An oversized patio is right off of the living with views of the large level lot that has the perfect setting for a pool. Luxury fixtures and finishes include natural stone in all baths and kitchen, wood floors throughout. Additional storage space is provided throughout the home in a conveniently located. The oversized unfinished basement is the perfect area to create a theater room, workout room and game room, and much more, the options are endless. Upstairs you will find that each guest bedroom has a bathroom and over-sized closets. This almost new Estate is exactly what you have been waiting for.

Last Agent to Sell the Property

Quiana Watson

Watson Realty Co. License #317576 Listed on: 08/24/2021

Watson Realty Co.

Last Buyer's Agent

Bria Earley

Watson Realty Co. License #378339

Watson Realty Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,554

Year Built

  • Built in 2019

Lot Details

  • 1 Acre Lot
  • Wrought Iron Fence
  • Landscaped
  • Level Lot
  • Wooded Lot
  • Back Yard Fenced and Front Yard

HOA Fees

  • $167 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Driveway Level

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Cement Siding
  • Stone Siding

Interior Spaces

  • 2-Story Property
  • Tray Ceiling
  • Ceiling height of 10 feet on the main level
  • Ceiling Fan
  • Insulated Windows
  • Two Story Entrance Foyer
  • Family Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Home Office
  • Fire and Smoke Detector

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Walk-In Pantry
  • Double Self-Cleaning Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops
  • White Kitchen Cabinets

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Sitting Area In Primary Bedroom
  • Oversized primary bedroom
  • 5 Bedrooms | 1 Primary Bedroom on Main
  • Walk-In Closet
  • Separate his and hers bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Laundry in Hall
  • Laundry on main level

Unfinished Basement

  • Exterior Basement Entry
  • Stubbed For A Bathroom

Outdoor Features

  • Deck
  • Rear Porch

Schools

  • Lorraine Elementary School
  • General Ray Davis Middle School
  • Heritage - Rockdale High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • 110 Volts
  • Septic Tank
  • Cable TV Available

Community Details

  • Grand Cayman Estates Subdivision

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 0030010100

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,554

Year Built

Built in 2019

Lot Details

0

HOA Fees

$167 per month

Parking

2

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary/Modern
  • Property Condition: Resale
  • Year Built: 2019
  • Levels Stories: Two
  • Above Grade Finished Sq Ft: 4965.00
  • Below Grade Sq Ft: 2659.00
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Fireplace Features: Family Room
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Double Oven, Gas Cooktop, Microwave, Refrigerator, Self Cleaning Oven
  • Interior Amenities: Double Vanity, Entrance Foyer 2 Story, High Ceilings 10 ft Main, Tray Ceiling(s), Walk-In Closet(s)
  • Basement: Bath/Stubbed, Exterior Entry, Unfinished
  • Kitchen Features: Breakfast Room, Cabinets White, Eat-in Kitchen, Kitchen Island, Pantry Walk-In, Solid Surface Counters, View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Office
  • Dining Room Features: Separate Dining Room
  • Square Footage: 4965.00
  • Spa Features: None
  • Window Features: Insulated Windows

Beds/Baths

  • Total Bedrooms: 5
  • Bedroom Features: Master on Main, Oversized Master, Sitting Room
  • Main Bedrooms: 1
  • Total Bathrooms: 6
  • Total Full Baths: 5
  • Total Half Baths: 1
  • Main Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Separate His/Hers, Separate Tub/Shower

Exterior Features

  • Construction Materials: Cement Siding, Stone
  • Roof Type: Composition
  • Fencing: Back Yard, Fenced, Wrought Iron
  • Patio And Porch Features: Deck, Rear Porch
  • Exterior Features: Private Yard
  • Foundation: See Remarks

Garage/Parking

  • Carport or Garage: 2
  • Number of Garage Spaces: 2
  • Parking Features: Attached, Garage, Garage Door Opener, Garage Faces Side, Level Driveway

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central
  • Laundry Features: In Hall, Laundry Room, Main Level
  • Utilities: Cable Available, Electricity Available, Underground Utilities, Water Available
  • Electric: 110 Volts

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Exterior
  • Association Fee: 2000
  • Association Fee Frequency: Annually
  • Master Association Fee: 2000
  • Master Association Fee Frequency: Annually
  • Association: Yes
  • Subdivision Complex: Grand Cayman Estates

Schools

  • Elementary School: Lorraine
  • Middle School: General Ray Davis
  • High School: Heritage - Rockdale

Lot Info

  • Acres: 1.0000
  • Lot: 5
  • Deed Book: 6706
  • Deed Page: 110
  • Plat Book: 36
  • Lot Features: Back Yard, Front Yard, Landscaped, Level, Private, Wooded
  • Lot Dimensions: x
  • Parcel Number: 0030010100
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 8554.00
  • Assessor Parcel Number: 003-0-01-0100
  • Close Date: 2021-10-11
  • Tax Year: 2020

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Lorraine
  • High School: Heritage - Rockdale
  • Middle School: General Ray Davis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2021
Closed on
Oct 11, 2021
Sold by
Hayes Corey Cortez
Bought by
Aaron Jamal H
Seller's Agent
Quiana Watson
Watson Realty Co.
Buyer's Agent
Bria Earley
Watson Realty Co.
List Price
$879,000
Sold Price
$860,000
Premium/Discount to List
-$19,000
-2.16%
Total Days on Market
16
Current Estimated Value
$984,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,431
Avg. Annual Appreciation
3.77%
Original Mortgage
$765,000
Outstanding Balance
$702,341
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$282,090

Purchase Details

Listed on
Feb 16, 2019
Closed on
Jun 9, 2020
Sold by
St Pius Construction Company Llc
Bought by
Hayes Corey Cortez
Seller's Agent
Eric Walton
Pristine Palaces Realty, LLC
Buyer's Agent
NON-MLS NMLS
Non FMLS Member
List Price
$660,000
Sold Price
$695,000
Premium/Discount to List
$35,000
5.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.23%
Original Mortgage
$510,400
Interest Rate
3.2%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Aaron Jamal H $860,000 --
Hayes Corey Cortez $695,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aaron Jamal H $765,000
Previous Owner Hayes Corey Cortez $510,400
Previous Owner Hayes Corey Cortez $110,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2021 10/11/21 Sold $860,000 -2.2% $173 / Sq Ft
09/09/2021 09/09/21 Pending -- -- --
08/24/2021 08/24/21 For Sale $879,000 +26.5% $177 / Sq Ft
06/09/2020 06/09/20 Sold $695,000 0.0% $174 / Sq Ft
02/16/2019 02/16/19 Price Changed $695,000 +5.3% $174 / Sq Ft
02/16/2019 02/16/19 For Sale $660,000 -- $165 / 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 $15,783 $405,000 $75,000 $330,000
2023 $14,079 $351,840 $75,000 $276,840
2022 $13,082 $326,720 $75,000 $251,720
2021 $11,057 $278,000 $54,337 $223,663
2020 $8,554 $200,720 $34,800 $165,920
2019 $539 $12,000 $12,000 $0
2018 $1,176 $26,080 $26,080 $0
2017 $510 $11,200 $11,200 $0
2016 $510 $11,200 $11,200 $0
2015 $493 $11,200 $11,200 $0
2014 $221 $4,800 $4,800 $0
2013 -- $4,800 $4,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6932306

First Multiple Listing Service (FMLS)

APN: 003-0-01-0100