$199,000
SOLD JAN 31, 2025

2002 Marbut Forest Dr Lithonia, GA 30058

8 Beds
2 Baths
1,551 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$128 Per Sq Ft

15% Below List Price

53 Days on Market

Highlights

  • Traditional Architecture
  • 1-Story Property
  • Wood Siding
  • No HOA
  • Central Heating and Cooling System

About This Home

As of January 2025

This occupied furnished rental is ideal for the savvy investor. Strong rental income, it is currently grossing $2900 per month on average, with some months earning over $4000. Powered by PadSplit, this occupied rental is a workforce housing solution that not only helps members save money and live closer to work but provides a great investment for its owner. All members are professionally screened by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution.

Last Agent to Sell the Property

Josh Stanton

Keller Williams Realty License #379772 Listed on: 10/24/2024

Keller Williams Realty

Last Buyer's Agent

Brandon Beamer

Keller Williams Realty License #421708

Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,039

Year Built

  • Built in 1987

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,551 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring
  • Oven or Range
  • Laundry in Kitchen

Bedrooms and Bathrooms

  • 8 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Schools

  • Panola Way Elementary School
  • Redan Middle School
  • Miller Grove High School

Additional Features

  • 8,712 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Marbut Forest Ph 3 Subdivision

Listing and Financial Details

  • Legal Lot and Block 48 / 1

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,039

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential
  • District: UNINCORPOR
  • Year Built: 1987
  • ArchitecturalStyle: Traditional
  • Financing Type: Conventional
  • Levels: One
  • Lot Size Acres: .20
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 1551
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Oven/Range (Combo), Refrigerator
  • Bedrooms: 8
  • Basement: None
  • Total Finished Sq Ft: 1551
  • Above Grade Finished Sq Ft: 1551
  • Interior Amenities: Other
  • Full Bathrooms: 2
  • Flooring: Laminate
  • Price Per Square Foot: 128.304

Beds/Baths

  • Main Level Full Bathrooms: 2
  • Bedroom Main Level: 8

Exterior Features

  • Construction Materials: Brick, Wood Siding
  • Lot Features: Other
  • Property Condition: Resale
  • Roof: Composition

Garage/Parking

  • Parking Features: Off Street
  • ParkingTotal: 2

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Panola Way
  • High School: Miller Grove
  • Middle School: Redan
  • Elementary School: Panola Way
  • Middle School: Redan
  • High School: Miller Grove

Lot Info

  • Land Lot: 48
  • Lot: 48
  • Deed Book: 29632
  • Deed Page: 157

Tax Info

  • Year: 2023
  • Tax Annual Amount: 4039

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2024
Closed on
Jan 24, 2025
Sold by
Psatl 104 2002 Marbut Forest Dr Llc
Bought by
Byerly Teresa D and Byerly Brent C
Seller's Agent
Josh Stanton
Keller Williams Realty
Buyer's Agent
Brandon Beamer
Keller Williams Realty
List Price
$235,000
Sold Price
$199,000
Premium/Discount to List
-$36,000
-15.32%
Views
53
Current Estimated Value
$206,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,511
Avg. Annual Appreciation
5.44%
Original Mortgage
$125,000
Outstanding Balance
$124,149
Interest Rate
6.91%
Mortgage Type
New Conventional
Estimated Equity
$82,362

Purchase Details

Listed on
Jul 14, 2021
Closed on
Aug 5, 2021
Sold by
Thurman Walter
Bought by
Psatl104 2002 Marbut Forest Dr Llc
Seller's Agent
Reginald Jackson
Door Steps Real Estate LLC
Buyer's Agent
Clifton Floyd
Cornerstone Real Estate Partners
List Price
$165,000
Sold Price
$165,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.52%

Purchase Details

Closed on
Mar 11, 2005
Sold by
Gaines Beverly W
Bought by
Thurman Walther and Thurman Regina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,700
Interest Rate
5.6%
Mortgage Type
VA
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 Type Sale Price Title Company
Limited Warranty Deed $199,000 --
Limited Warranty Deed $199,000 --
Warranty Deed $165,000 --
Deed $119,700 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $125,000 New Conventional
Previous Owner $118,700 VA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/31/2025 01/31/25 Sold $199,000 0.0% $128 / Sq Ft
12/16/2024 12/16/24 Pending -- -- --
12/12/2024 12/12/24 Price Changed $199,000 -4.8% $128 / Sq Ft
11/22/2024 11/22/24 Price Changed $209,000 -6.7% $135 / Sq Ft
11/07/2024 11/07/24 Price Changed $224,000 -4.7% $144 / Sq Ft
10/24/2024 10/24/24 For Sale $235,000 +42.4% $152 / Sq Ft
08/05/2021 08/05/21 Sold $165,000 0.0% $126 / Sq Ft View Prior Sale
07/16/2021 07/16/21 Pending -- -- --
07/14/2021 07/14/21 For Sale $165,000 -- $126 / 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
2025 $4,550 $93,840 $16,000 $77,840
2024 $4,416 $90,840 $16,000 $74,840
2023 $4,416 $83,440 $6,000 $77,440
2022 $3,234 $66,000 $5,440 $60,560
2021 $1,459 $44,320 $6,000 $38,320
2020 $1,519 $46,720 $6,000 $40,720
2019 $1,261 $38,600 $6,000 $32,600
2018 $972 $34,840 $6,000 $28,840
2017 $903 $27,400 $3,040 $24,360
2016 $840 $26,120 $3,040 $23,080
2014 $677 $21,240 $3,040 $18,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 10401477

Georgia MLS

APN: 16-059-01-116