NOT LISTED FOR SALE

2055 Lois Place NW Atlanta, GA 30318

Grove Park Neighborhood

Estimated Value: $396,412 - $505,000

8 Beds
6 Baths
2,987 Sq Ft
$154/Sq Ft Est. Value

Last Sold April 02, 2024

Last sale price $492,500 $165 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,881/month

1 Day on Market

Highlights

  • Property is near public transit
  • Community Playground
  • Central Heating and Cooling System
  • No HOA
  • Park

About This Home

As of April 2024

Calling All Investors! Freshly renovated DUPLEX available now in the Grove Park just steps away from the Atlanta BeltLine and New Westside Park. The property features 2 fully renovated mirror units each with 4 bedrooms and 3 baths. The property can be delivered fully occupied or with one side rented or fully vacant depending on buyer's preference. Each unit will generate $2200. This home is perfect for investors looking for an excellent income producing rental perfectly setup for longterm rentals, Student rentals, AirBnB rentals, section-8 housing, or owner-occupied "house-hacking"! This area is rapidly appreciating and this a solid turnkey investment property. See this one today before it's gone!

Last Agent to Sell the Property

Danielle McCurdy-Hale

Keller Williams Realty Atl. Partners License #366818 Listed on: 03/07/2024

Keller Williams Realty Atl. Partners

Last Buyer's Agent

Kennedy Moorman

D.R. Horton Realty of Georgia, Inc. License #436240

D.R. Horton Realty of Georgia, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,821

Year Built

  • Built in 2004 | Remodeled

Lot Details

  • 0.27 Acre Lot

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Crawl Space

Parking

  • 4 Parking Spaces
  • Parking Pad

Location

  • Property is near public transit
  • Property is near schools
  • Property is near shops

Schools

  • Boyd Elementary School
  • J. L. Invictus Academy Middle School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Grove Park Subdivision

Recreation

  • Community Playground
  • Park

Building Details

  • Gross Income $52,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,821

Year Built

Built in 2004 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 2004
  • Financing Type: Conventional
  • Levels: Two
  • Lot Size Acres: .27
  • Structure Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Construction Materials: Brick
  • Property Condition: Updated/Remodeled

Garage/Parking

  • Parking Features: Parking Pad
  • ParkingTotal: 4

Utilities

  • Cooling: Central Air
  • Heating: Central, Natural Gas
  • Sewer: Public Sewer
  • Utilities: Other
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Park, Playground, Walk To Public Transit, Walk To Schools, Walk To Shopping

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Boyd
  • High School: Other
  • Middle School: J. L. Invictus Academy

Rental Info

  • Owner Pays: Other

Tax Info

  • Year: 2023
  • Tax Annual Amount: 5821

Multi Family

  • GrossIncome: 52800
  • NumberOfUnitsTotal: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2024
Closed on
Apr 2, 2024
Sold by
Patel Sunny M
Bought by
Patel Sunny M and Shah Avaniben
Seller's Agent
Danielle McCurdy-Hale
Keller Williams Realty Atl. Partners
Buyer's Agent
Kennedy Moorman
D.R. Horton Realty of Georgia, Inc.
List Price
$499,000
Sold Price
$492,500
Premium/Discount to List
-$6,500
-1.3%
Views
143
Current Estimated Value
$459,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,897
Avg. Annual Appreciation
-4.31%
Original Mortgage
$394,000
Outstanding Balance
$388,113
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$71,490

Purchase Details

Listed on
Apr 18, 2016
Closed on
Jun 3, 2016
Sold by
Aspen Capital Grp Llc
Bought by
Atlanta Westside Holdings Llc
Seller's Agent
Kurt Johnson
Kurt and Sheila Team, LLC.
Buyer's Agent
Kurt Johnson
Kurt and Sheila Team, LLC.
List Price
$49,900
Sold Price
$45,000
Premium/Discount to List
-$4,900
-9.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.69%

Purchase Details

Listed on
Apr 18, 2016
Closed on
Apr 14, 2016
Sold by
The Mileky Grp Llc
Bought by
Klpg Investments Llc
Seller's Agent
Kurt Johnson
Kurt and Sheila Team, LLC.
Buyer's Agent
Kurt Johnson
Kurt and Sheila Team, LLC.
List Price
$49,900
Sold Price
$45,000
Premium/Discount to List
-$4,900
-9.82%

Purchase Details

Closed on
May 29, 2009
Sold by
Bear Stearns Al Trust 2005-8
Bought by
Wicker Michael B and Wicker Annie B

Purchase Details

Closed on
Jan 6, 2009
Sold by
Reese Mark C
Bought by
Bear Stearns Alt-A Trust 2005-

Purchase Details

Closed on
Mar 13, 2008
Sold by
Reese Mark C
Bought by
2055 Properties Llc

Purchase Details

Closed on
Jun 2, 2005
Sold by
Anderson Avenue Partners Llc
Bought by
Reese Mark C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
7.13%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Patel Sunny M -- --
Patel Sunny M $492,500 --
Atlanta Westside Holdings Llc $75,000 --
Aspen Capital Grp Llc $45,000 --
Klpg Investments Llc $30,000 --
Wicker Michael B $22,000 --
Bear Stearns Alt-A Trust 2005- $60,000 --
2055 Properties Llc -- --
Reese Mark C $365,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Sunny M $394,000
Previous Owner Reese Mark C $292,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/02/2024 04/02/24 Sold $492,500 -1.3% $165 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
03/07/2024 03/07/24 For Sale $499,000 +1008.9% $167 / Sq Ft
06/03/2016 06/03/16 Sold $45,000 -9.8% $15 / Sq Ft View Prior Sale
05/18/2016 05/18/16 Pending -- -- --
04/18/2016 04/18/16 For Sale $49,900 -- $17 / 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 $5,552 $194,880 $39,960 $154,920
2023 $5,885 $142,160 $57,480 $84,680
2022 $5,753 $142,160 $57,480 $84,680
2021 $5,799 $143,160 $61,760 $81,400
2020 $5,281 $128,920 $30,960 $97,960
2019 $924 $61,160 $19,640 $41,520
2018 $1,351 $32,640 $5,000 $27,640
2017 $1,270 $29,400 $5,000 $24,400
2016 $1,229 $33,400 $4,560 $28,840
2015 $1,918 $33,400 $4,560 $28,840
2014 $1,259 $27,760 $8,800 $18,960
Source: Public Records

Agents Affiliated with this Home

  • Danielle McCurdy-Hale

    Seller's Agent in 2024

    Danielle McCurdy-Hale

    Keller Williams Realty Atl. Partners

    (229) 560-5392

    11 in this area

    181 Total Sales

    Danielle McCurdy-Hale
    Section Image

  • K

    Buyer's Agent in 2024

    Kennedy Moorman

    D.R. Horton Realty of Georgia, Inc.

    (678) 509-0555

    1 in this area

    57 Total Sales

    Kennedy Moorman
    Section Image
  • Kurt Johnson

    Seller's Agent in 2016

    Kurt Johnson

    Kurt and Sheila Team, LLC.

    (404) 644-5877

    21 Total Sales

    Kurt Johnson
    Section Image
See All Agents

Map

Source: Georgia MLS

MLS Number: 10263362

Georgia MLS

APN: 17-0226-0003-061-1

Georgia Fulton County Atlanta 30318 Grove Park

2055 Lois Place NW, Atlanta, GA

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