S
Seller's Agent in 2019
Scott Talley
5Market Realty
179 Magnolia Bluff Dr Athens, GA 30601
North Avenue NeighborhoodEstimated Value: $313,194 - $1,058,000
12
Beds
12
Baths
1,351
Sq Ft
$383/Sq Ft
Est. Value
Highlights
- Deck
- Home Security System
- Heat Pump System
- Cooling Available
- Tile Flooring
About This Home
As of May 2019This 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.
Last Agent to Sell the Property
Scott Talley
5Market Realty License #277411 Listed on: 04/18/2019
Last Buyer's Agent
Blake Underwood
Athens Real Estate Group, LLC License #340618
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
- Oven
- 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
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
Purchase Details
Listed on
Apr 18, 2019
Closed on
May 30, 2019
Sold by
Franks Richard A
Bought by
Ajay Kumar Gupta Irrev Tr
Seller's Agent
Scott Talley
5Market Realty
Buyer's Agent
Blake Underwood
Athens Real Estate Group, LLC
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
-4.93%
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
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
Average Home Value in this Area
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
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 | $3,736 | $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
Agents Affiliated with this Home
-
-
B
Buyer's Agent in 2019
Blake Underwood
Athens Real Estate Group, LLC
Map
Source: Savannah Multi-List Corporation
MLS Number: CM968467
APN: 163B3-G-018
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