1840 Wells Dr SW Atlanta, GA 30311
Southwest Atlanta NeighborhoodEstimated payment $330/month
Highlights
- View of Trees or Woods
- Park
- Brush Vegetation
- 0.84 Acre Lot
- Landscaped with Trees
- Level Lot
About This Lot
Welcome Home ATL to 1840 Wells Dr SW—your next sizable, build-ready opportunity in the fast-rising Cascade/Adams Park corridor. This 0.8-acre, R-3 zoned lot offers 90 feet of frontage and gentle grades for an easy slab or basement build, plus room for a 2-car garage and outdoor living space. New construction ranging from 2,600–3,100 sq ft is commanding $640K–$770K, translating to a promising 20–25% margin on a 4–5 bed plan—or a 6% cap rate at approximately $2,800/month if held as a rental. All utilities are available at the street, and proximity to the BeltLine, airport, and Tyler Perry Studios keeps buyer demand strong.
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,084
Lot Details
- 0.84 Acre Lot
- Lot Dimensions are 100x187x128x82x150
- Brush Vegetation
- Level Lot
- Landscaped with Trees
- Property is zoned R3
Property Views
- Views of Woods
Community Details
- Park
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 14 0199 LL1357
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $845 | $26,480 | $26,480 | -- |
| 2023 | $845 | $24,560 | $24,560 | $0 |
| 2022 | $994 | $24,560 | $24,560 | $0 |
| 2021 | $570 | $14,080 | $14,080 | $0 |
| 2020 | $570 | $13,920 | $13,920 | $0 |
| 2019 | $433 | $13,680 | $13,680 | $0 |
| 2018 | $325 | $7,840 | $7,840 | $0 |
| 2017 | $155 | $3,600 | $3,600 | $0 |
| 2016 | $156 | $3,600 | $3,600 | $0 |
| 2015 | $276 | $3,600 | $3,600 | $0 |
| 2014 | $163 | $3,600 | $3,600 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | Pending | -- | -- | -- |
| 07/29/2025 07/29/25 | For Sale | $44,900 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $25,000 | -- | |
| Warranty Deed | $12,000 | -- | |
| Foreclosure Deed | $26,070 | -- |
Source: First Multiple Listing Service (FMLS)
MLS Number: 7623327
APN: 14-0199-LL-135-7
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