NOT LISTED FOR SALE

2040 Marbut Trace Lithonia, GA 30058

Estimated Value: $140,000 - $185,000

2 Beds
2.5 Baths
1,164 Sq Ft
$139/Sq Ft Est. Value

Last Sold May 20, 2019

Last sale price $75,000 $64 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $1,140/month

77 Days on Market

Highlights

  • Open-Concept Dining Room
  • End Unit
  • Breakfast Bar
  • Deck
  • Walk-In Closet
  • Security System Owned

About This Home

As of May 2019

Nice end unit town home great for first-time buyer or investor. No HOAs. Main level has living/dining combo, 1/2 bath, kitchen with breakfast area. Upper level has laundry closet, both bedrooms, each with their own full bath. Close to Dekalb Medical Center and Redan & Walker Park. Investor owned so being sold 'as-is' with no Seller's Disclosure.

Last Agent to Sell the Property

Geraldine Lee

Property Services of Atlanta, Inc. License #281367 Listed on: 01/20/2019

Last Buyer's Agent

Rebecca Oyoyo

Oyoyo Realty License #370636

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,149

Year Built

  • Built in 1994

Lot Details

  • 0.27

Home Design

  • Composition Roof

Interior Spaces

  • 1,164 Sq Ft Home
  • 2-Story Property
  • Roommate Plan
  • Ceiling Fan
  • Living Room with Fireplace
  • Open-Concept Dining Room
  • Carpet
  • Security System Owned

Kitchen

  • Breakfast Bar
  • Gas Range
  • Dishwasher
  • Laminate Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry in Hall
  • Laundry on upper level

Parking

  • 2 Parking Spaces
  • Parking Pad

Schools

  • Redan Elementary School
  • Lithonia Middle School
  • Lithonia High School

Utilities

  • Central Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Deck
  • End Unit

Community Details

  • Marbut Commons Subdivision

Listing and Financial Details

  • Legal Lot and Block 201 / 01
  • Assessor Parcel Number 16 123 06 123

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,149

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Townhouse
  • Architectural Style: Townhouse
  • Property Condition: Resale
  • Year Built: 1994
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Attached

Interior Features

  • Flooring: Carpet
  • Fireplace Features: Living Room
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Gas Range, Gas Water Heater, Refrigerator
  • Interior Amenities: Walk-In Closet(s)
  • Kitchen Features: Breakfast Bar, Cabinets Other, Laminate Counters, Pantry
  • Common Walls: End Unit
  • Additional Rooms: Other
  • Dining Room Features: Open Concept
  • Square Footage: 1164.00

Beds/Baths

  • Total Bedrooms: 2
  • Bedroom Features: Roommate Floor Plan
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Tub/Shower Combo

Exterior Features

  • Roof Type: Composition
  • Patio And Porch Features: Deck

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking Features: Parking Pad

Utilities

  • Security: Security System Owned
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central
  • Laundry Features: In Hall, Upper Floor
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Subdivision Complex: Marbut Commons

Association/Amenities

  • Number Of Units In Community: 1

Lot Info

  • Lot: 201
  • Plat Book: 98
  • Plat Page: 73
  • Lot Dimensions: x
  • Parcel Number: 16 123 06 123
  • Property Attached Yn: Yes

Tax Info

  • Taxes: 1149.00
  • Tax Year: 2017

MLS Schools

  • Elementary School: Redan
  • High School: Lithonia
  • Middle School: Lithonia

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2019
Closed on
May 20, 2019
Sold by
Cox Nancy
Bought by
Mcfarlane Shirley D
Seller's Agent
Geraldine Lee
Property Services of Atlanta, Inc.
Buyer's Agent
Rebecca Oyoyo
Oyoyo Realty
List Price
$79,000
Sold Price
$75,000
Premium/Discount to List
-$4,000
-5.06%
Current Estimated Value
$161,965

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,965
Avg. Annual Appreciation
12.47%
Original Mortgage
$71,250
Outstanding Balance
$62,516
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$99,449

Purchase Details

Closed on
Jul 2, 2015
Sold by
Westbrooks Latoya
Bought by
Cox Nancy and Cox Nancy Trust

Purchase Details

Closed on
Sep 17, 2010
Sold by
Federal Natl Mtg Assn Fnma
Bought by
Westbrooks Latoya

Purchase Details

Closed on
Apr 6, 2010
Sold by
Everhome Mtg Co
Bought by
Federal Natl Mtg Assn Fnma

Purchase Details

Closed on
Apr 29, 2003
Sold by
Allen Rico D
Bought by
Williams Faye

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.76%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Mcfarlane Shirley D $75,000 --
Cox Nancy $25,000 --
Westbrooks Latoya -- --
Federal Natl Mtg Assn Fnma -- --
Everhome Mtg Co $68,920 --
Williams Faye $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcfarlane Shirley D $71,250
Previous Owner Williams Faye $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2019 05/20/19 Sold $75,000 -5.1% $64 / Sq Ft
04/07/2019 04/07/19 Pending -- -- --
01/20/2019 01/20/19 For Sale $79,000 -- $68 / 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 $3,457 $67,760 $10,000 $57,760
2024 $3,493 $69,160 $10,000 $59,160
2023 $3,493 $66,360 $10,000 $56,360
2022 $2,259 $44,280 $5,600 $38,680
2021 $1,954 $36,760 $5,600 $31,160
2020 $1,633 $29,880 $5,600 $24,280
2019 $1,582 $28,920 $5,600 $23,320
2018 $1,177 $23,440 $3,200 $20,240
2017 $1,149 $18,360 $3,200 $15,160
2016 $754 $9,988 $508 $9,480
2014 $766 $10,000 $800 $9,200
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2019

    Geraldine Lee

    Property Services of Atlanta, Inc.

    (678) 524-1397

    49 Total Sales

    Geraldine Lee
    Section Image

  • R

    Buyer's Agent in 2019

    Rebecca Oyoyo

    Oyoyo Realty

    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6124061

First Multiple Listing Service (FMLS)

APN: 16-123-06-123

Georgia DeKalb County Lithonia 30058

2040 Marbut Trace, Lithonia, GA

Not Listed for Sale

Townhouses

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