NOT LISTED FOR SALE

Estimated Value: $375,000 - $452,000

23 Beds
25 Baths
-- Sq Ft
0.79 Acres

Last Sold November 22, 2013

Last sale price $1,020,000

Current estimated payment $2,663/month

195 Days on Market

Highlights

  • Cathedral Ceiling
  • Screened Porch
  • Home Security System
  • No HOA
  • Cooling Available
  • Kitchen Island

About This Home

As of November 2013

This property includes (5) separate houses each on their own individual lot of record. The sale includes (2) 4 Bedroom Cottage-style units and (3) 5 Bedroom Cottage-style units. The total bedrooms is 23 with each room having it's own bathroom.The addresses included in the purchase are: 230, 240, 250, 252 & 254 Strickland Avenue Athens, GA 30601. 250-254 Strickland are 5 Bedroom | 5 Bath homes offering expansive floorplans and each includes an additional upstairs guest room as well as a 2nd story front porch. Built in 2010 these 5 Bedrooms have a proven track record of rental and share a drive way with the contiguous lots next door at 230 and 240 Strickland Avenue. 230-240 Strickland are 4 Bedroom | 4.5 Bath homes and were built in 2011 boasting innovative new features including; stainless steel appliances, home theater w/ wall-mounted 42 TV's in common area, granite counters, polished concrete floors, security system, home audio system, covered back patios and spacious bedrooms w/ walk-in closets. All (5) houses are currently leased. All (5) houses are also pre-leased starting August 2013 and extending thru July 27, 2014 at $475/bedroom. All Leases are Joint & Several and backed by a Parental Guaranty and one month's rent as security deposit. This incredible location offers Owners the ability to have a Class A asset within a mile of Downtown Athens with a proven rental track record and upscale features that set the homes apart from other rentals in the area. The properties offer ample parking conveniently located off the main road behind the homes. The units are available for purchase as a group only.

Last Agent to Sell the Property

Chase Lawrence

CollegeTown Properties LLC License #316622 Listed on: 04/11/2013

Last Buyer's Agent

Blake Underwood

Athens Real Estate Group, LLC License #340618

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,680

Year Built

  • Built in 2011

Lot Details

  • 0.79

Parking

  • Off-Street Parking

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • Screened Porch
  • Concrete Flooring
  • Home Security System

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 23 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 163D2 C005A

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Gross Income $10,925

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,680

Year Built

Built in 2011

Lot Details

0

Listing Details

  • GarageYN: No
  • Inclusions: Ceiling Fans,Security System
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Year Built: 2011
  • ResoSecurityFeatures: Security System
  • Subdivision Name: No Recorded Subdivision
  • Reso Flooring: Concrete
  • Reso Interior Features: Ceiling Fan(s), Cathedral Ceiling(s), Kitchen Island, Pantry
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Microwave, Oven, Refrigerator, Washer
  • Full Bathrooms: 23
  • Half Bathrooms: 2
  • Total Bedrooms: 23
  • Stories: 2

Exterior Features

  • Acres: 0.79
  • Home Warranty: No
  • Exterior Features: Other, Porch
  • Foundation Details: Slab
  • Patio And Porch Features: Porch, Screened

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Sewer: Public Sewer
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Lot Info

  • Lot Size Area: 0.79
  • Parcel Number: 163D2 C005A
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 10925.0
  • Number Of Units In Community: 5
  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2013
Closed on
Dec 12, 2013
Sold by
Georgia Dawghouse Holdings
Bought by
Uga Tx Prop Iv Llc
Seller's Agent
Chase Lawrence
CollegeTown Properties LLC
Buyer's Agent
Blake Underwood
Athens Real Estate Group, LLC
List Price
$1,175,000
Sold Price
$1,020,000
Premium/Discount to List
-$155,000
-13.19%
Total Days on Market
195
Current Estimated Value
$426,654

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$593,346
Avg. Annual Appreciation
-7.10%

Purchase Details

Closed on
Mar 29, 2011
Sold by
Devil Dog Properties Llc
Bought by
Georgia Dawghouse Holdings Llc

Purchase Details

Closed on
Mar 25, 2011
Sold by
Devil Dog Properties Llc
Bought by
Windom Casey M

Purchase Details

Closed on
Feb 24, 2009
Sold by
Stephens Brad E
Bought by
Devil Dog Properties Llc
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
Uga Tx Prop Iv Llc $1,020,000 --
Georgia Dawghouse Holdings Llc $32,500 --
Windom Casey M $185,000 --
Devil Dog Properties Llc $110,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2013 11/22/13 Sold $1,020,000 -13.2% --
10/23/2013 10/23/13 Pending -- -- --
04/11/2013 04/11/13 For Sale $1,175,000 -- --
Source: Savannah Multi-List Corporation

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 $4,680 $148,922 $24,000 $124,922
2023 $4,654 $150,170 $24,000 $126,170
2022 $4,002 $125,452 $18,000 $107,452
2021 $3,491 $103,578 $18,000 $85,578
2020 $2,976 $88,323 $18,000 $70,323
2019 $2,864 $84,346 $17,000 $67,346
2018 $2,649 $78,021 $17,000 $61,021
2017 $2,624 $77,277 $17,000 $60,277
2016 $2,535 $74,672 $17,000 $57,672
2015 $2,539 $74,672 $17,000 $57,672
2014 $2,543 $74,672 $17,000 $57,672
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Savannah Multi-List Corporation

MLS Number: CM932525

Savannah Multi-List Corporation

APN: 163D2-C-005-A