NOT LISTED FOR SALE

247 E Washington St Unit 508 Athens, GA 30601

Estimated Value: $1,079,000 - $1,443,000

2 Beds
2 Baths
1,755 Sq Ft
$695/Sq Ft Est. Value

Last Sold March 01, 2019

Last sale price $650,000 $370 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $8,491/month

About This Home

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!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 1, 2019
Sold by
Tate Robert O
Bought by
Faulk Carlton T and Faulk Christina B
Current Estimated Value
$1,219,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,350
Outstanding Balance
$424,095
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$795,273

Purchase Details

Closed on
Nov 3, 2014
Sold by
A B Stiles Enterprises Lll
Bought by
Tate Robert O

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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 List to Sale Price per Sq Ft Prior Sale
03/01/2019 03/01/19 Sold $650,000 -6.5% -- View Prior Sale
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% -- View Prior Sale
10/04/2014 10/04/14 Pending -- -- --
05/22/2014 05/22/14 For Sale $449,000 -- --

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 $15,592 $486,484 $45,630 $440,854
2024 $15,592 $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

Agents Affiliated with this Home

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