NOT LISTED FOR SALE

1954 East Ave NW Atlanta, GA 30318

Grove Park Neighborhood

Estimated Value: $338,378 - $436,000

6 Beds
6 Baths
2,694 Sq Ft
$143/Sq Ft Est. Value

Last Sold October 21, 2016

Last sale price $70,650 $26 Per Sq Ft

Est. 445% increase in value since last sale

Current estimated payment $2,333/month

Highlights

  • Private Lot
  • 1 Car Attached Garage
  • Forced Air Heating System

About This Home

As of October 2016

This duplex won't last long. Newer construction with 2 units that have been professionally managed and maintained. Each unit offers 3 Bedrooms, 2 Full Bathrooms, and 1 half bathroom. Unit A is currently rented at $800 per month and Unit B is vacant. That's a 24% CAP rate when both units are occupied!!! Each unit has a 1 car garage and separate entrances. Near the MARTA bus line and easy access to interstates.

Last Agent to Sell the Property

Eric Kelley

NOT A VALID MEMBER License #362200 Listed on: 08/16/2016

Last Buyer's Agent

Eric Kelley

NOT A VALID MEMBER License #362200 Listed on: 08/16/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $995

Year Built

  • Built in 2002

Lot Details

  • 0.33 Acre Lot
  • Private Lot

Home Design

  • Duplex
  • Composition Roof
  • Aluminum Siding
  • Vinyl Siding

Parking

  • 1 Car Attached Garage
  • Varies By Unit
  • Driveway

Schools

  • William M.Boyd Elementary School
  • John Lewis Invictus Academy/Harper-Archer Middle School
  • Frederick Douglass High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Williams E Sims Subdivision

Listing and Financial Details

  • Assessor Parcel Number 17 022600010258

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$995

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Duplex
  • Property Condition: Resale
  • Year Built: 2002
  • Special Features: None

Property Details

  • Property: Residential Income

Exterior Features

  • Construction Materials: Aluminum Siding, Vinyl Siding
  • Roof Type: Composition

Garage/Parking

  • Number Of Parking Spaces: 1
  • Parking Features: Attached, Driveway, Garage, Varies by Unit

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Central, Forced Air, Natural Gas

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights
  • Subdivision Complex: Williams E Sims

Lot Info

  • Acres: 0.3300
  • Lot Features: Private
  • Parcel Number: 17 022600010258
  • Property Attached Yn: No

Tax Info

  • Taxes: 995.00
  • Tax Year: 2015

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: William M.Boyd
  • High School: Frederick Douglass
  • Middle School: John Lewis Invictus Academy/Harper-Archer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2016
Closed on
Oct 21, 2016
Sold by
Iwing Investment Llc
Bought by
1954 East Llc
Seller's Agent
Eric Kelley
NOT A VALID MEMBER
Buyer's Agent
Eric Kelley
NOT A VALID MEMBER
List Price
$79,900
Sold Price
$70,650
Premium/Discount to List
-$9,250
-11.58%
Current Estimated Value
$384,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,195
Avg. Annual Appreciation
20.67%

Purchase Details

Closed on
Apr 25, 2013
Sold by
Performer Holdings Llc
Bought by
Iwing Investment Llc

Purchase Details

Closed on
Jan 6, 2009
Sold by
Elliott Ralph
Bought by
Sutton Funding Llc

Purchase Details

Closed on
Jun 30, 2006
Sold by
Willis Bruce
Bought by
Elliott Ralph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
6.6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jan 4, 2005
Sold by
Ajoseh Elijah P
Bought by
Bank Of Ny

Purchase Details

Closed on
Feb 13, 2004
Sold by
Murray Sandra A
Bought by
Ajoseh Elijah P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,250
Interest Rate
6.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2003
Sold by
Metropolitan Home Builders Inc
Bought by
Granack Frank A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,000
Interest Rate
5.24%

Purchase Details

Closed on
Jan 24, 2002
Sold by
Merit Realty Comp
Bought by
Metropolitan Home Bldrs Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
7.08%
Mortgage Type
New Conventional
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
1954 East Llc $70,650 --
Iwing Investment Llc $55,000 --
Performer Holdings Llc $41,464 --
Sutton Funding Llc $110,117 --
Elliott Ralph $365,000 --
Bank Of Ny $310,000 --
Ajoseh Elijah P $335,000 --
Granack Frank A $50,000 --
Metropolitan Home Bldrs Inc $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Elliott Ralph $73,000
Previous Owner Ajoseh Elijah P $318,250
Previous Owner Granack Frank A $246,000
Previous Owner Metropolitan Home Bldrs Inc $247,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2016 10/21/16 Sold $70,650 -11.6% $26 / Sq Ft
08/19/2016 08/19/16 Pending -- -- --
08/16/2016 08/16/16 For Sale $79,900 -- $30 / Sq Ft
Source: First Multiple Listing Service (FMLS)

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
2025 $3,700 $149,280 $35,520 $113,760
2023 $4,802 $116,000 $51,080 $64,920
2022 $1,943 $121,880 $51,080 $70,800
2021 $2,886 $48,000 $17,200 $30,800
2020 $1,966 $48,000 $17,200 $30,800
2019 $936 $48,000 $17,200 $30,800
2018 $1,158 $27,960 $4,360 $23,600
2017 $990 $22,920 $4,000 $18,920
2016 $992 $22,920 $4,000 $18,920
2015 $1,905 $22,920 $4,000 $18,920
2014 $750 $16,550 $6,350 $10,200
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2016

    Eric Kelley

    NOT A VALID MEMBER

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5735063

First Multiple Listing Service (FMLS)

APN: 17-0226-0001-025-8

Georgia Fulton County Atlanta 30318 Grove Park

1954 East Ave NW, Atlanta, GA

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