NOT LISTED FOR SALE

1780 Milledge Avenue Extension Athens, GA 30605

Five Points Neighborhood

Estimated Value: $785,000 - $1,979,000

25 Beds
27 Baths
-- Sq Ft
1.06 Acres

Last Sold June 04, 2019

Last sale price $1,650,000

Est. 27% decrease in value since last sale

Current estimated payment $7,218/month

4 Days on Market

Highlights

  • Home Security System
  • Clarke Central High School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of June 2019

Portfolio of 5 student housing properties. This portfolio of five properties includes 3 single student rental houses and 2 duplexes for a total of 7 units and 25 bedrooms. There are four 4 Bed/4.5 Bath units, one 3 Bed/3 Bath unit, and two 3 Bed/2 Bath units. All units are located very close to UGA and have a fantastic rental history. The 4 units on Milledge Avenue Ext are on the UGA bus route, and the other 3 units are served by the Athens transit service. These units are leased for the 2019-2020 school year and have a 100% occupancy history. The 242 Fern Ridge Court unit offers a pool, basketball court, volleyball, and dog park area (only property that is part of an HOA). All units offer onsite parking and are within close proximity of UGA. All five properties are under 2 miles to The University of Georgia with the 3 Milledge Avenue Ext properties touching the east edge of the UGA campus. The properties are also all inside the Athens Perimeter making it very convenient to most everything. These properties are all in established student areas that continue to see strong demand.

Last Agent to Sell the Property

Brian Elrod

NAI Elrod Group License #251606 Listed on: 05/01/2019

Last Buyer's Agent

Brian Elrod

NAI Elrod Group License #251606 Listed on: 05/01/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,180

Year Built

  • Built in 2017

Lot Details

  • 1.06

HOA Fees

  • $62 Monthly HOA Fees

Parking

  • 23 Parking Spaces

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Home Security System

Bedrooms and Bathrooms

  • 25 Bedrooms

Schools

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

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 181A2 E007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,180

Year Built

Built in 2017

Lot Details

0

HOA Fees

$62 per month

Listing Details

  • GarageYN: No
  • Inclusions: Security System
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 2017
  • ResoSecurityFeatures: Security System
  • Subdivision Name: No Recorded Subdivision
  • Architectural Style: Other
  • Reso Flooring: Other
  • Reso Interior Features: Other
  • Special Features: None

Interior Features

  • Full Bathrooms: 23
  • Half Bathrooms: 4
  • Total Bedrooms: 25
  • Stories: 2

Exterior Features

  • Acres: 1.06
  • Home Warranty: No
  • Construction Type: Other
  • Exterior Features: Other
  • Foundation Details: Slab

Garage/Parking

  • Total Parking Spaces: 23.0

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 62.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Middle Or Junior School: Clarke Middle

Lot Info

  • Lot Size Area: 1.06
  • Parcel Number: 181A2 E007
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 7
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 21180.0

MLS Schools

  • Elementary School: Barrow Elementary
  • HighSchool: Clarke Central

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 14, 2025
Sold by
Ajay Kumar Gupta Irrevocable Trust
Bought by
Lotusmoonlight #9 Llc
Current Estimated Value
$1,200,702

Purchase Details

Listed on
May 1, 2019
Closed on
Jun 4, 2019
Sold by
Bond Street Llc
Bought by
Luther Property Investments Llc
Seller's Agent
Brian Elrod
NAI Elrod Group
Buyer's Agent
Brian Elrod
NAI Elrod Group
List Price
$1,800,000
Sold Price
$1,650,000
Premium/Discount to List
-$150,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.85%

Purchase Details

Closed on
Jul 17, 2015
Sold by
Williams Garnett
Bought by
Bond Street Llc

Purchase Details

Closed on
Nov 24, 2010
Sold by
Wingate Alice Latten
Bought by
Williams Garnett

Purchase Details

Closed on
May 5, 1989
Sold by
Latten Carrie H
Bought by
Latten Samuel David
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
Lotusmoonlight #9 Llc -- --
Luther Property Investments Llc $1,650,000 --
Bond Street Llc $245,000 --
Williams Garnett $25,000 --
Williams Garnett $25,000 --
Latten Samuel David -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/04/2019 06/04/19 Sold $1,650,000 -8.3% --
05/05/2019 05/05/19 Pending -- -- --
05/01/2019 05/01/19 For Sale $1,800,000 -- --
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
2024 $10,467 $313,426 $33,600 $279,826
2023 $9,795 $302,016 $33,600 $268,416
2022 $8,927 $279,854 $33,600 $246,254
2021 $7,943 $235,693 $33,600 $202,093
2020 $7,684 $230,893 $28,800 $202,093
2019 $8,118 $239,128 $28,800 $210,328
2018 $7,808 $229,984 $28,800 $201,184
2017 $815 $24,000 $24,000 $0
2016 $1,372 $40,406 $24,000 $16,406
2015 $1,216 $35,750 $20,000 $15,750
2014 $1,217 $35,750 $20,000 $15,750
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Brian Elrod

    NAI Elrod Group

See All Agents

Map

Source: Savannah Multi-List Corporation

MLS Number: CM968759

Savannah Multi-List Corporation

APN: 181A2-E-007

Georgia Clarke County Athens 30605 Five Points

1780 Milledge Avenue Extension, Athens, GA

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