NOT LISTED FOR SALE

Estimated Value: $340,883 - $447,000

4 Beds
4 Baths
2,128 Sq Ft
$194/Sq Ft Est. Value

Last Sold May 02, 2022

Last sale price $312,000 $147 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,953/month

About This Home

As of May 2022

ATTENTION INVESTORS! Here is your rare opportunity to own a multi-family brick income property! Tenant occupied in (2) units. Each unit has 2 bedrooms and 2 baths. Units have been updated recently and are in good condition. 1959 and 1961 are sold together. All units are attached to each other and are under one roof, end units have fireplace. Good tenants in place, this property wonCOt last!

Last Agent to Sell the Property

Sanders Team

Sanders Real Estate License #394213 Listed on: 02/09/2022

Sanders Real Estate

Co-Listed By

Benjamin Brown

Dwelli License #401297

Last Buyer's Agent

Katy Kosari

Engel & Völkers Atlanta License #365878

Engel & Völkers Atlanta

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,317

Year Built

  • Built in 1985

Lot Details

  • 0.37

Home Design

  • Duplex
  • Brick Exterior Construction

Parking

  • 2 Parking Spaces
  • Parking Pad
  • Over 1 Space Per Unit

Schools

  • Cedar Hill Elementary School
  • J Richards Middle School
  • Discovery High School

Additional Features

  • 1-Story Property
  • 0.37 Acre Lot

Community Details

  • No Home Owners Association
  • 2 Units
  • Patterson Pointe Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,317

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1985
  • Co List Office: STEM01
  • Financing Type: Cash
  • Levels: One
  • Lot Size Acres: .37
  • Structure Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement: None
  • Price Per Square Foot: 843243

Exterior Features

  • Construction Materials: Brick
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Over 1 Space per Unit, Parking Pad
  • ParkingTotal: 2

Utilities

  • Cooling: Other
  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Other
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Cedar Hill
  • High School: Discovery
  • Middle School: J Richards
  • Elementary School: Cedar Hill
  • Middle School: J Richards
  • High School: Discovery

Lot Info

  • Deed Book: 58268
  • Deed Page: 714

Rental Info

  • Owner Pays: Other

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3317

Multi Family

  • NumberOfUnitsTotal: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2022
Closed on
May 2, 2022
Sold by
Thunder Rentals Llc
Bought by
Ebrahimi Ali and Mohammadi Zahra
Seller's Agent
Sanders Team
Sanders Real Estate
Buyer's Agent
Katy Kosari
Engel & Völkers Atlanta
List Price
$355,000
Sold Price
$312,000
Premium/Discount to List
-$43,000
-12.11%
Current Estimated Value
$443,615

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,615
Avg. Annual Appreciation
12.82%

Purchase Details

Closed on
Dec 31, 2020
Sold by
Billington Mark J
Bought by
Thunder Rentals Llc

Purchase Details

Closed on
Jan 11, 2006
Sold by
Macon Robert F
Bought by
Billington Mark J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,650
Interest Rate
6.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2000
Sold by
Atlanta Internat'L Real Estate/B
Bought by
Macon Robert F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,800
Interest Rate
8.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 2000
Sold by
Newton James P
Bought by
Atlanta International Real Estat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,800
Interest Rate
8.07%
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
Ebrahimi Ali $312,000 --
Thunder Rentals Llc -- --
Billington Mark J $181,000 --
Macon Robert F $140,900 --
Atlanta International Real Estat $122,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Billington Mark J $117,650
Previous Owner Macon Robert F $132,800
Previous Owner Macon Robert F $126,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2022 05/02/22 Sold $312,000 -12.1% $147 / Sq Ft
02/09/2022 02/09/22 Pending -- -- --
02/09/2022 02/09/22 For Sale $355,000 -- $167 / Sq Ft
Source: Georgia MLS

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
2023 $6,289 $124,800 $28,800 $96,000
2022 $4,716 $115,560 $20,000 $95,560
2021 $3,317 $75,640 $16,000 $59,640
2020 $3,330 $75,640 $16,000 $59,640
2019 $2,732 $62,200 $13,600 $48,600
2018 $2,732 $62,200 $13,600 $48,600
2016 $1,997 $40,120 $8,000 $32,120
2015 $2,013 $40,120 $8,000 $32,120
2014 $1,243 $18,320 $4,000 $14,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 10019691

Georgia MLS

APN: 5-051-049