NOT LISTED FOR SALE

179 Magnolia Bluff Dr Athens, GA 30601

North Avenue Neighborhood

Estimated Value: $304,825 - $1,337,000

12 Beds
12 Baths
1,351 Sq Ft
$432/Sq Ft Est. Value

Last Sold May 30, 2019

Last sale price $712,000 $527 Per Sq Ft

Est. 18% decrease in value since last sale

Current estimated payment $4,006/month

12 Days on Market

Highlights

  • Deck
  • Home Security System
  • Heat Pump System
  • Cooling Available
  • Tile Flooring

About This Home

As of May 2019

This cottage is ONE of FOUR that must sell as a package. The list price is $185,000 per cottage for a total asking price of $740,000. Seller is selling for a 1031 Tax Exchange and the units may NOT be sold one off due to timing and IRS regulations. Investors may purchase all four or possibly two if terms are feasible for the 1031. All four units are located on the cul-de-sac of Magnolia Bluff in the Retreat. Addresses are as follows: 167, 173, 179, and 172 Magnolia Bluff Athens, GA 30601. The units are all leased until July 2020 at slightly varying rates. Listing agent will provide rent roll to buyers or buyer's agent upon request. 24 Hours notice to show no exceptions per tenant's lease agreements. All showings MUST be set up through the property manager. Each Cottage has three bedrooms and three baths with large private decks and off street parking. These units have an excellent rental history and provide a rare opportunity to own investment property close to downtown Athens, GA.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,660

Year Built

  • Built in 2004

Lot Details

  • 2,178

HOA Fees

  • $480 Monthly HOA Fees

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Crawl Space
  • Home Security System

Kitchen

  • <<OvenToken>>
  • <<microwave>>
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 12 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Deck

Schools

  • Howard B. Stroud Elementary School
  • Coile Middle School
  • Clarke Central High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 163B3 G018

Community Details

Overview

  • 4 Units
  • The Retreat Subdivision

Building Details

  • Gross Income $70,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,660

Year Built

Built in 2004

Lot Details

0

HOA Fees

$480 per month

Listing Details

  • GarageYN: No
  • Inclusions: Intercom/Radio,Security System
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 2004
  • ResoSecurityFeatures: Security System
  • Subdivision Name: The Retreat
  • Reso Flooring: Carpet, Tile
  • Reso Interior Features: Intercom
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Microwave, Oven, Refrigerator, Washer
  • Basement: Crawl Space
  • Full Bathrooms: 12
  • Total Bedrooms: 12
  • Stories: 2

Exterior Features

  • Acres: 0.05
  • Home Warranty: No
  • Exterior Features: Deck
  • Foundation Details: Slab
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 12.0

Utilities

  • Sewer: Public Sewer
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 480.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Middle Or Junior School: Coile Middle

Lot Info

  • Lot Size Area: 0.05
  • Parcel Number: 163B3 G018
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 70000.0
  • Number Of Units In Community: 4
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 8660.0

MLS Schools

  • Elementary School: Howard B. Stroud 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
$583,706

Purchase Details

Listed on
Apr 18, 2019
Closed on
May 30, 2019
Sold by
Franks Richard A
Bought by
Ajay Kumar Gupta Irrev Tr
List Price
$740,000
Sold Price
$712,000
Premium/Discount to List
-$28,000
-3.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.19%

Purchase Details

Closed on
Jul 27, 2005
Sold by
Ruth Street Partners Llc
Bought by
Franks Richard A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
5.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 14, 2005
Sold by
Ruth Street Partners Llc
Bought by
Franks Richard A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 -- --
Ajay Kumar Gupta Irrev Tr $534,000 --
Franks Richard A $457,500 --
Franks Richard A $152,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Franks Richard $17,553
Previous Owner Franks Richard A $109,686
Previous Owner Franks Richard $122,000
Previous Owner Franks Richard $15,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2019 05/30/19 Sold $712,000 -3.8% $527 / Sq Ft
04/30/2019 04/30/19 Pending -- -- --
04/18/2019 04/18/19 For Sale $740,000 -- $548 / 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
2024 $3,639 $116,436 $16,000 $100,436
2023 $3,639 $110,996 $16,000 $94,996
2022 $2,869 $89,952 $16,000 $73,952
2021 $2,848 $84,496 $16,000 $68,496
2020 $2,399 $78,513 $16,000 $62,513
2019 $2,248 $66,215 $16,000 $50,215
2018 $2,166 $63,792 $16,000 $47,792
2017 $2,042 $60,141 $16,000 $44,141
2016 $2,013 $59,287 $16,000 $43,287
2015 $1,769 $52,041 $16,000 $36,041
2014 $1,694 $49,754 $16,000 $33,754
Source: Public Records

Map

Source: Savannah Multi-List Corporation

MLS Number: CM968467

Savannah Multi-List Corporation

APN: 163B3-G-018

Georgia Clarke County Athens 30601 North Avenue

179 Magnolia Bluff Dr, Athens, GA

This home is located at 179 Magnolia Bluff Dr, Athens, GA 30601 since 18 April 2019 and is currently estimated at $583,706, approximately $432 per square foot. This property was built in 2004. 179 Magnolia Bluff Dr is a home located in Clarke County with nearby schools including Howard B. Stroud Elementary School, Coile Middle School, and Cedar Shoals 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.

Savannah Multi-List Corporation 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.

Nearby Homes