NOT LISTED FOR SALE

247 E Washington St Unit 508 Athens, GA 30601

Estimated Value: $876,788 - $1,113,000

2 Beds
2 Baths
-- Sq Ft
$721/mo HOA Fee

Last Sold March 01, 2019

Last sale price $650,000

Est. 61% increase in value since last sale

Current estimated payment $7,644/month

20 Days on Market

Highlights

  • Traditional Architecture
  • Cathedral Ceiling
  • Wet Bar
  • Clarke Central High School Rated A-
  • Wood Flooring
  • Security Service

About This Home

As of March 2019

A rare opportunity to own the Penthouse at the exclusive Georgian in the heart of downtown Athens. Completely remodeled, this 5th floor unit features an open floor plan, gourmet kitchen with custom cabinetry, lots of storage and high end appliances. Perfect for entertaining, the spacious kitchen, dining and living space is enhanced by beautiful views of Athens and the North Georgia mountains. The ceiling in the living space showcases two original stained glass windows from the early 1930's. The master suite, with two large closets, is very spacious and the ensuite bath was redone with extensive attention to detail. The second bedroom is large as well and has an adjoining bath that also opens to the hallway. The sale includes all furniture, lighting fixtures and appliances. (Sellers are removing a few personal items and a list can be provided to buyer/agent). One parking spot is provided at the rear of Georgian in gated lot and another at the courthouse next door. This unit comes with two storage areas in the basement of the building. Built in 1908, the Georgian Hotel was designed by Anthony Ten Eyck, the same individual who designed the courthouse next door. The Georgian was renovated in 1985 to become luxury downtown apartments & in 2007 was converted to condos. One of the finest hotels in its day, even the author Margaret Mitchell stayed here! The Georgian is 2 blocks from UGA's North Campus. Also, the downtown location is steps away from fine dining, shopping, Sanford Stadium for football, the Classic Center & the famous 40 Watt & Georgia Theater among other bars/lounges for the legendary music scene in the “Classic City”! The Georgian is a unique 34-unit property beautifully accented with stained glass windows, columns & walls made of marble & tile floors. The main floor includes a beautiful lobby and restaurant/lounge South Kitchen and Georgian Hall Ballroom for weddings etc.. Amenities include a Club Room which can be used by owners, covered parking, secure access for lobby and elevator for owners & a storage unit in the basement. The Georgian is a great investment and a great part of the history of downtown Athens. Whether you are looking to live downtown, your child is a UGA student, or you want a weekend crash pad to visit Athens for football games, you have found the most exclusive place in downtown Athens!

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,235

Year Built

  • Built in 1906

HOA Fees

  • $721 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • Gas Fireplace

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Barrow Elementary School
  • Clarke Middle School
  • Clarke Central High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 171B1 G508

Community Details

Overview

  • The Georgian Subdivision

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,235

Year Built

Built in 1906

Lot Details

0

HOA Fees

$721 per month

Parking

1

Listing Details

  • GarageYN: Yes
  • Inclusions: Ceiling Fans
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Year Built: 1906
  • ResoSecurityFeatures: Security Service
  • Subdivision Name: The Georgian
  • Architectural Style: Traditional
  • Reso Flooring: Carpet, Tile, Wood
  • Reso Interior Features: Wet Bar, Ceiling Fan(s), Cathedral Ceiling(s), Kitchen Island, Pantry
  • Tax Year: 2018
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Freezer, Disposal, Microwave, Range, Refrigerator, Wine Cooler, Washer
  • Fireplace Features: Gas
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Stories: 1

Exterior Features

  • Home Warranty: No
  • Construction Type: Brick
  • Exterior Features: Other

Garage/Parking

  • Garage Spaces: 1.0
  • Total Parking Spaces: 2.0

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 721.0
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Street Lights

Schools

  • Middle Or Junior School: Clarke Middle

Lot Info

  • Parcel Number: 171B1 G508
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6235.0

MLS Schools

  • Elementary School: Barrow Elementary
  • HighSchool: Clarke Central

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2019
Closed on
Mar 1, 2019
Sold by
Tate Robert O
Bought by
Faulk Carlton T and Faulk Christina B
List Price
$695,000
Sold Price
$650,000
Premium/Discount to List
-$45,000
-6.47%
Current Estimated Value
$1,049,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$399,224
Avg. Annual Appreciation
8.32%
Original Mortgage
$484,350
Outstanding Balance
$430,099
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$659,217

Purchase Details

Listed on
May 22, 2014
Closed on
Nov 3, 2014
Sold by
A B Stiles Enterprises Lll
Bought by
Tate Robert O
List Price
$449,000
Sold Price
$395,000
Premium/Discount to List
-$54,000
-12.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.19%

Purchase Details

Closed on
Nov 15, 1999
Sold by
Stiles Alwyn B
Bought by
A B Stiles Enterprises Lllp
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Faulk Carlton T $650,000 --
Tate Robert O $395,000 --
A B Stiles Enterprises Lllp -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Faulk Carlton T $484,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2019 03/01/19 Sold $650,000 -6.5% --
01/30/2019 01/30/19 Pending -- -- --
01/10/2019 01/10/19 For Sale $695,000 +75.9% --
11/03/2014 11/03/14 Sold $395,000 -12.0% --
10/04/2014 10/04/14 Pending -- -- --
05/22/2014 05/22/14 For Sale $449,000 -- --
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 $14,153 $438,840 $45,630 $393,210
2023 $14,153 $410,649 $45,630 $365,019
2022 $12,479 $379,315 $45,630 $333,685
2021 $9,410 $271,173 $38,610 $232,563
2020 $8,944 $257,757 $38,610 $219,147
2019 $6,703 $191,779 $38,610 $153,169
2018 $6,236 $178,419 $29,484 $148,935
2017 $5,754 $164,641 $29,484 $135,157
2016 $5,631 $161,101 $29,484 $131,617
2015 $5,451 $155,737 $29,484 $126,253
2014 $4,549 $129,795 $29,484 $100,311
Source: Public Records

Map

Source: Savannah Multi-List Corporation

MLS Number: CM966459

Savannah Multi-List Corporation

APN: 171B1-G-508