NOT LISTED FOR SALE

227 Martin Luther King jr Blvd Cedartown, GA 30125

Estimated Value: $154,000 - $400,000

2 Beds
1 Bath
-- Sq Ft
871 Sq Ft Lot

Last Sold September 23, 2022

Last sale price $230,000

Est. 20% increase in value since last sale

Current estimated payment $1,626/month

25 Days on Market

Highlights

  • Corner Lot
  • Laundry closet
  • Property is near schools
  • No HOA
  • 1-Story Property
  • Central Heating and Cooling System

About This Home

As of September 2022

Investors Only - immediate income! Charming Renovated Duplex - New Everything! Walking distance to downtown Cedartown! New windows, new luxury vinyl plank throughout units. New appliances, paint, hvac and electrical. Units 227 and 229. 229 also has a lovely sunroom. Both units are rented with new 12 month leases. 227 is rented for $1,100 a month, and 229 is rented for $1,200 a month. No showings until due diligence.

Last Listed By

Tamara Brooks

Central Georgia Realty License #210018 Listed on: 07/20/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $797

Year Built

  • Built in 1960 | Remodeled

Lot Details

  • 871 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Garden Home
  • Brick Exterior Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Family Room
  • Vinyl Flooring
  • Crawl Space
  • Laundry closet

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • Parking Pad
  • Off-Street Parking

Location

  • Property is near schools
  • Property is near shops

Schools

  • Northside Elementary School

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$797

Year Built

Built in 1960 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1960
  • Financing Type: Conventional 90%
  • Levels: One
  • Lot Size Acres: .02
  • Property Sub-Type: Other
  • Structure Type: Garden/Patio Home
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Oven/Range (Combo), Refrigerator
  • Bedrooms: 2
  • Basement: Crawl Space
  • Interior Amenities: Master On Main Level
  • Full Bathrooms: 1
  • Flooring: Vinyl

Beds/Baths

  • Main Level Full Bathrooms: 1
  • Bedroom Main Level: 2

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Lot Features: Corner Lot, Level
  • Property Condition: Updated/Remodeled
  • Roof: Composition

Garage/Parking

  • Parking Features: Parking Pad, Off Street

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Electric, Central
  • Laundry Features: Laundry Closet
  • Sewer: Public Sewer
  • Utilities: Sewer Connected, Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Walk To Schools, Walk To Shopping

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Northside
  • High School: Other
  • High School Bus: Yes
  • Middle School: Other
  • Middle School Bus: Yes
  • Elementary School: Northside
  • Middle School: Other
  • High School: Other

Tax Info

  • Year: 2021
  • Tax Annual Amount: 797

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2022
Closed on
Sep 15, 2022
Sold by
Acr Rei Llc
Bought by
Banerjee Prannoy
Seller's Agent
Tamara Brooks
Central Georgia Realty
Buyer's Agent
Hersh Shah
Keller Williams Realty
List Price
$250,000
Sold Price
$230,000
Premium/Discount to List
-$20,000
-8%
Total Days on Market
25
Views
6
Current Estimated Value
$276,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,248
Avg. Annual Appreciation
7.24%
Original Mortgage
$172,500
Outstanding Balance
$166,281
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$109,967

Purchase Details

Closed on
Jan 7, 2022
Sold by
Falcon Mutual Llc
Bought by
Acr Rei Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
2.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 2021
Sold by
Keais Aaron
Bought by
Falcon Mutual Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
2.98%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 4, 2019
Closed on
May 1, 2019
Sold by
Keais Aaron
Bought by
Keais Aaron and Keais Eric
Seller's Agent
Michael Tinneey
Main Street Realtors
Buyer's Agent
Brandon Swafford
Flat Rock Realty
List Price
$69,900
Sold Price
$60,000
Premium/Discount to List
-$9,900
-14.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.87%

Purchase Details

Closed on
Apr 3, 2008
Sold by
Duke Christopher A
Bought by
Mulkey Jerry D and Rader Harold K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,400
Interest Rate
6.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2007
Sold by
Jones Clyde D
Bought by
Duke Christopher A

Purchase Details

Closed on
Sep 24, 1956
Bought by
Jones Clyde D

Purchase Details

Closed on
Oct 19, 1953
Bought by
Jones Clyde D

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
Banerjee Prannoy $230,000 --
Acr Rei Llc $100,000 --
Falcon Mutual Llc $68,000 --
Keais Aaron -- --
Keais Aaron $60,000 --
Mulkey Jerry D $75,200 --
Duke Christopher A $57,000 --
Jones Clyde D -- --
Jones Clyde D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banerjee Prannoy $172,500
Previous Owner Acr Rei Llc $112,000
Previous Owner Mulkey Jerry D $70,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2022 09/23/22 Sold $230,000 +20809.1% --
08/14/2022 08/14/22 Pending -- -- --
08/05/2022 08/05/22 Rented $1,100 -99.6% --
07/22/2022 07/22/22 Under Contract -- -- --
07/20/2022 07/20/22 For Sale $250,000 0.0% --
06/17/2022 06/17/22 For Rent $1,100 0.0% --
05/01/2019 05/01/19 Sold $60,000 -14.2% --
04/20/2019 04/20/19 Pending -- -- --
04/04/2019 04/04/19 For Sale $69,900 -- --
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
2024 $1,122 $35,509 $6,000 $29,509
2023 $916 $26,422 $440 $25,982
2022 $541 $22,798 $440 $22,358
2021 $548 $22,798 $440 $22,358
2020 $549 $22,798 $440 $22,358
2019 $634 $23,599 $710 $22,889
2018 $627 $22,752 $608 $22,144
2017 $619 $22,752 $608 $22,144
2016 $637 $23,423 $608 $22,814
2015 $647 $23,697 $608 $23,089
2014 $652 $23,697 $608 $23,089
Source: Public Records

Agents Affiliated with this Home

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Source: Georgia MLS

MLS Number: 20059411

Georgia MLS

APN: C21-218