NOT LISTED FOR SALE

2468 Spring St NW Atlanta, GA 30318

Carey Park Neighborhood

Estimated Value: $408,018 - $536,000

8 Beds
6 Baths
2,700 Sq Ft
$173/Sq Ft Est. Value

Last Sold February 22, 2019

Last sale price $195,000 $72 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $2,903/month

Highlights

  • 0.33 Acre Lot
  • Four Sided Brick Exterior Elevation
  • Heating Available
  • High-Efficiency Water Heater
  • Central Air

About This Home

As of February 2019

Amazing opportunity... This 2-property, Duplex portfolio offers an investor two assets with immediate cash flow in a growing, untapped area of Atlanta. Both properties occupied and low-maintenance. MUST PURCHASE BOTH ASSETS TOGETHER, 2456 and 2468 Spring St SW. Each unit is a 4bdrm/2.5 bath and leases are all long term tenants since 2015 and currently month to month. Sold As-is.

Last Agent to Sell the Property

Brett Washburn

Atlanta Real Estate Group Listed on: 01/23/2019

Last Buyer's Agent

Brett Washburn

Atlanta Real Estate Group Listed on: 01/23/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $926

Year Built

  • Built in 2008

Lot Details

  • 0.33 Acre Lot
  • Steep Slope

Home Design

  • Duplex
  • Frame Construction
  • Four Sided Brick Exterior Elevation

Parking

  • 4 Parking Spaces
  • Driveway
  • Paved Parking

Schools

  • William M.Boyd Elementary School
  • John Lewis Invictus Academy/Harper-Archer Middle School
  • Frederick Douglass High School

Utilities

  • Central Air
  • Heating Available
  • High-Efficiency Water Heater
  • Cable TV Available

Additional Features

  • 2-Story Property
  • Energy-Efficient Thermostat

Community Details

  • 2 Units
  • Carey Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 17 024900030358

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$926

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Duplex
  • Property Condition: Resale
  • Year Built: 2008
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Income

Exterior Features

  • Construction Materials: Brick 4 Sides, Frame

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking Features: Driveway, Paved

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Heating: Electric
  • Utilities: Cable Available, Electricity Available

Condo/Co-op/Association

  • Subdivision Complex: Carey Park

Lot Info

  • Acres: 0.3300
  • Lot Features: Sloped, Steep Slope
  • Lot Dimensions: x
  • Parcel Number: 17 024900030358
  • Property Attached Yn: No

Green Features

  • Efficiency: Thermostat, Water Heater

Tax Info

  • Taxes: 926.00
  • Tax Year: 2017

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: William M.Boyd
  • High School: Frederick Douglass
  • Middle School: John Lewis Invictus Academy/Harper-Archer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 20, 2021
Sold by
King Akeem
Bought by
Co Op Prop Llc
Current Estimated Value
$467,505

Purchase Details

Closed on
Dec 17, 2020
Sold by
Co Op Prop Llc
Bought by
King Akeem

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 23, 2019
Closed on
Feb 22, 2019
Sold by
King Akeem
Bought by
Co Op Prop Llc
Seller's Agent
Brett Washburn
Atlanta Real Estate Group
Buyer's Agent
Brett Washburn
Atlanta Real Estate Group
List Price
$189,900
Sold Price
$195,000
Premium/Discount to List
$5,100
2.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.99%
Original Mortgage
$146,250
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 2012
Sold by
Global Development Grp Llc
Bought by
2468 Spring Street Llc

Purchase Details

Closed on
Oct 7, 2009
Sold by
Federal Natl Mtg Assn Fnma
Bought by
1619 Lenox Avenue Llc

Purchase Details

Closed on
Jun 2, 2009
Sold by
Fifth Third Mortgage
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 29, 2008
Sold by
Amini Farzin
Bought by
Witherspoon Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,600
Interest Rate
6.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 22, 2005
Sold by
Caldwell Josh
Bought by
Ul-Haq Ikram

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.04%
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
Co Op Prop Llc -- --
King Akeem -- --
Co Op Prop Llc $195,000 --
King Akeem $195,000 --
2468 Spring Street Llc $17,200 --
1619 Lenox Avenue Llc -- --
Federal National Mortgage Association -- --
Witherspoon Sharon $148,000 --
Ul-Haq Ikram $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner King Akeem $144,500
Previous Owner King Akeem $146,250
Previous Owner Witherspoon Sharon $140,600
Previous Owner Ul-Haq Ikram $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/22/2019 02/22/19 Sold $195,000 +2.7% $72 / Sq Ft
01/26/2019 01/26/19 Pending -- -- --
01/23/2019 01/23/19 For Sale $189,900 -- $70 / 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 $5,471 $182,080 $38,960 $143,120
2023 $5,471 $95,280 $14,680 $80,600
2022 $3,856 $95,280 $14,680 $80,600
2021 $626 $95,280 $14,680 $80,600
2020 $2,689 $65,640 $14,480 $51,160
2019 $928 $48,080 $12,800 $35,280
2018 $1,151 $27,800 $3,840 $23,960
2017 $926 $21,440 $3,840 $17,600
2016 $928 $21,440 $3,840 $17,600
2015 $1,414 $21,440 $3,840 $17,600
2014 $1,293 $28,520 $5,720 $22,800
Source: Public Records

Agents Affiliated with this Home

  • Brett Washburn

    Seller's Agent in 2019

    Brett Washburn

    Atlanta Real Estate Group

    (404) 664-1087

    26 Total Sales

    Brett Washburn
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6123773

First Multiple Listing Service (FMLS)

APN: 17-0249-0003-035-8

Georgia Fulton County Atlanta 30318 Carey Park

2468 Spring St NW, Atlanta, GA

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