NOT LISTED FOR SALE

1702 Milledge Avenue Extension Athens, GA 30605

Five Points Neighborhood

Estimated Value: $463,574 - $745,000

20 Beds
25 Baths
8,860 Sq Ft
$71/Sq Ft Est. Value

Last Sold January 30, 2017

Last sale price $1,378,000 $156 Per Sq Ft

Current estimated payment $3,785/month

24 Days on Market

Highlights

  • 0.87 Acre Lot
  • No HOA
  • Cooling Available
  • Clarke Central High School Rated A-
  • Cottage
  • Patio

About This Home

As of January 2017

Incredible investment opportunity in the heart of Five Points - 5 houses on Milledge Extension, 100% Leased, generating $129,600 in annual gross rents. Pre-leased for 2017-2018 school year for $130,800 annual gross rents. Each house is a 4 bedroom, 4.5 bathroom. *1698 and 1702 Milledge Ave Ext are connected as a single structure, all other houses are stand alone. Below outlines the monthly rental incomes per house:1694 Milledge Ave Ext, 1702 Milledge Ave Ext, 1698 Milledge Ave Ext, 1690 Milledge Ave Ext, 1686 Milledge Ave Ext.

Last Agent to Sell the Property

Jill Swope

CollegeTown Properties LLC Listed on: 12/06/2016

Last Buyer's Agent

Jill Swope

CollegeTown Properties LLC Listed on: 12/06/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,596

Year Built

  • Built in 2011

Lot Details

  • 0.87

Home Design

  • Cottage
  • Slab Foundation

Interior Spaces

  • 8,860 Sq Ft Home
  • 2-Story Property
  • Concrete Flooring

Bedrooms and Bathrooms

  • 20 Bedrooms

Parking

  • 20 Parking Spaces
  • Parking Available

Schools

  • Barrow Elementary School
  • Clarke Middle School
  • Clarke Central High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heat Pump System

Additional Features

  • Patio
  • 0.87 Acre Lot

Community Details

  • No Home Owners Association
  • 5 Units
  • Fivepoints Subdivision

Listing and Financial Details

  • Assessor Parcel Number 181A2 E013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,596

Year Built

Built in 2011

Lot Details

0

Listing Details

  • Directions: From downtown, head South on Milledge Ave, take a left on E Campus Rd, take a right on Milledge Ext, houses are on your right.
  • Prop. Type: Residential Income
  • Building Stories: 2
  • Year Built: 2011
  • Lot Size Acres: 0.87
  • Ownership: Owner
  • Subdivision Name: Fivepoints
  • Architectural Style: Cottage
  • Garage Yn: No
  • Unit Levels: Two
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: See Remarks
  • Interior Amenities: Other, See Remarks
  • Full Bathrooms: 20
  • Half Bathrooms: 5
  • Total Bedrooms: 20
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Concrete
  • Living Area: 8860.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Patio
  • Home Warranty: No
  • Construction Type: Other, See Remarks
  • Foundation Details: Slab
  • Patio And Porch Features: Patio

Garage/Parking

  • Parking Features: Other, Parking Available, See Remarks
  • Total Parking Spaces: 20.0

Utilities

  • Sewer: Public Sewer
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Central, Forced Air
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Other, See Remarks
  • Association: No

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Barrow Elementary
  • High School: Clarke Central
  • Middle Or Junior School: Clarke Middle

Lot Info

  • Parcel #: 181A2 E013
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2016
Closed on
Jan 30, 2017
Sold by
Not Provided
Bought by
Milledge Student Housing Llc
Seller's Agent
Jill Swope
CollegeTown Properties LLC
Buyer's Agent
Jill Swope
CollegeTown Properties LLC
List Price
$1,495,000
Sold Price
$1,378,000
Premium/Discount to List
-$117,000
-7.83%
Total Days on Market
24
Current Estimated Value
$625,394

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$752,606
Avg. Annual Appreciation
-11.43%

Purchase Details

Closed on
Oct 10, 2012
Sold by
Collegetown Capital Llc
Bought by
Courtyard On Milledge Llc
Source: Public Records

Range of Values:

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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
Milledge Student Housing Llc $1,378,000 --
Courtyard On Milledge Llc $1,250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner College Town Capital Llc $118,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2017 01/30/17 Sold $1,378,000 -7.8% $156 / Sq Ft
12/31/2016 12/31/16 Pending -- -- --
12/06/2016 12/06/16 For Sale $1,495,000 -- $169 / Sq Ft
Source: CLASSIC MLS (Athens Area Association of REALTORS®)

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 $5,596 $179,087 $28,000 $151,087
2023 $5,596 $171,436 $28,000 $143,436
2022 $4,966 $155,664 $28,000 $127,664
2021 $3,897 $115,630 $28,000 $87,630
2020 $3,762 $111,630 $24,000 $87,630
2019 $3,737 $110,080 $21,600 $88,480
2018 $3,737 $110,080 $21,600 $88,480
2017 $3,667 $108,000 $21,600 $86,400
2016 $3,517 $103,600 $21,600 $82,000
2015 $3,400 $100,000 $18,000 $82,000
2014 $3,405 $100,000 $18,000 $82,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jill Swope

    CollegeTown Properties LLC

See All Agents

Map

Source: CLASSIC MLS (Athens Area Association of REALTORS®)

MLS Number: 953399

CLASSIC MLS (Athens Area Association of REALTORS®)

APN: 181A2-E-011-A

Georgia Clarke County Athens 30605 Five Points

1702 Milledge Avenue Extension, Athens, GA

This home is located at 1702 Milledge Avenue Extension, Athens, GA 30605 since 06 December 2016 and is currently estimated at $625,394, approximately $70 per square foot. This property was built in 2011. 1702 Milledge Avenue Extension is a home located in Clarke County with nearby schools including Barrow Elementary School, Clarke Middle School, and Clarke Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

CLASSIC MLS (Athens Area Association of REALTORS®) IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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