Seller's Agent in 2024
Georgui Kassaev
eXp Realty
(706) 426-1082
1 in this area
19 Total Sales
2505 W Broad St Unit 332 Athens, GA 30606
Beechwood NeighborhoodEstimated Value: $151,000 - $177,000
2
Beds
2
Baths
1,540
Sq Ft
$110/mo
HOA Fee
Highlights
- Property is near public transit
- Traditional Architecture
- 1 Fireplace
- Clarke Central High School Rated A-
- Loft
- Tennis Courts
About This Home
As of January 2024Welcome to Unit 332 at Rivers Edge Condominiums: A Smart Investment for Homebuyers and Investors Exciting developments unfold at Rivers Edge as Athens Real Estate Group takes the reins with transformative management since the end of 2022. A commitment to enhancing the community's appeal is evident through ongoing renovations, promising a residence you'll be proud to own. Community Upgrades: Under new management, Rivers Edge has witnessed a series of improvements, from handrails and fascia to trim and exterior paint jobs. The meticulous renovations include scheduled roof replacements or repairs, with further enhancements projected to conclude by late 2025. Building 300, home to Unit 332, has seen a recent roof replacement in 2023, with plans for additional upgrades, including replacing the wooden fascia with a durable hardy plank. Significant renovations, including a fresh paint job, are slated to begin in April 2024, reflecting the commitment to elevating community living. Strategic Locale: Discover Unit 332 at 2505 W Broad St, Rivers Edge Condominiumsaan ideally situated residence between downtown Athens, GA, and convenient access to 316 and the Georgia loop. Enjoy proximity to shopping and amenities for your daily convenience. First-Time Homebuyers' Dream: For first-time homebuyers seeking an affordable home with built-in equity, Unit 332 presents an exceptional opportunity. Competitively priced, this residence allows you to enter the market with potential gains. While some tender love and care may be required, this presents an excellent chance for those willing to invest in sweat equity. aHigh Equity Potential: Similar properties in Rivers Edge demonstrate strong value, selling for upwards of $160,000, with rental incomes exceeding $1,400 per month. Investor's Choice: Investors, take note! Strategically located just a few miles from Saint Mary's and with easy access to key routes, this property is a shrewd addition to your portfolio. Comparable properties in Rivers Edge are selling for upwards of $160,000 and commanding rents exceeding $1,400 per month, promising a robust return on investment. Whether you're a first-time homebuyer seeking equity or an investor eyeing a lucrative return, Unit 332 beckons. Explore this opportunity to be part of the revitalized Rivers Edge community. Contact us today to schedule a viewing and secure your stake in this exceptional investment. Invest with confidence, and live beautifully at Rivers Edge! Video walkthrough. https://youtu.be/vHw_9qpaq9c
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,183
Year Built
- Built in 1984
HOA Fees
- $110 Monthly HOA Fees
Home Design
- Traditional Architecture
- Slab Foundation
- Tar and Gravel Roof
- Wood Siding
Interior Spaces
- 1,540 Sq Ft Home
- 1.5-Story Property
- 1 Fireplace
- Entrance Foyer
- Family Room
- Formal Dining Room
- Loft
Kitchen
- Oven or Range
- Dishwasher
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
Laundry
- Laundry closet
- Dryer
- Washer
Parking
- Over 1 Space Per Unit
- Guest Parking
Location
- Property is near public transit
- Property is near shops
Schools
- Alps Road Elementary School
- Clarke Middle School
- Clarke Central High School
Utilities
- Central Heating and Cooling System
- Cable TV Available
Community Details
Overview
- Association fees include maintenance exterior, ground maintenance, management fee, pest control, tennis, trash
- Mid-Rise Condominium
- Rivers Edge Subdivision
Recreation
- Tennis Courts
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 15, 2023
Closed on
Jan 29, 2024
Sold by
Norris Joshua Storm
Bought by
Selvaraj Karthikeyan
Seller's Agent
Georgui Kassaev
eXp Realty
Buyer's Agent
Kabirah Epps
Boardwalk Realty Associates
List Price
$139,000
Sold Price
$145,000
Premium/Discount to List
$6,000
4.32%
Views
42
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,458
Avg. Annual Appreciation
7.75%
Original Mortgage
$101,500
Outstanding Balance
$99,510
Interest Rate
6.62%
Mortgage Type
New Conventional
Estimated Equity
$66,948
Purchase Details
Closed on
Nov 28, 2016
Sold by
Nell J
Bought by
Norris Joshua Storm
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
3.47%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 29, 2002
Sold by
Fallecker Jean Luc
Bought by
Medders Nell J
Purchase Details
Closed on
Oct 20, 1997
Sold by
Lariscy Joseph E
Bought by
Fallecker Jean Luc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Selvaraj Karthikeyan | $145,000 | -- | |
| Norris Joshua Storm | $60,000 | -- | |
| Medders Nell J | $58,000 | -- | |
| Fallecker Jean Luc | $97,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Selvaraj Karthikeyan | $101,500 | |
| Previous Owner | Norris Joshua Storm | $60,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/31/2024 01/31/24 | Sold | $145,000 | +4.3% | $94 / Sq Ft |
| 12/21/2023 12/21/23 | Pending | -- | -- | -- |
| 12/15/2023 12/15/23 | For Sale | $139,000 | -- | $90 / Sq Ft |
Source: Georgia MLS
Tax History Compared to Growth
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 | $1,829 | $58,907 | $6,400 | $52,507 |
| 2024 | $1,829 | $57,918 | $6,400 | $51,518 |
| 2023 | $1,810 | $44,461 | $6,400 | $38,061 |
| 2022 | $1,183 | $37,090 | $6,400 | $30,690 |
| 2021 | $909 | $26,982 | $4,400 | $22,582 |
| 2020 | $475 | $24,090 | $4,000 | $20,090 |
| 2019 | $555 | $26,345 | $4,000 | $22,345 |
| 2018 | $482 | $24,211 | $4,000 | $20,211 |
| 2017 | $808 | $23,794 | $4,000 | $19,794 |
| 2016 | $489 | $14,406 | $4,000 | $10,406 |
| 2015 | $393 | $11,561 | $4,000 | $7,561 |
| 2014 | $394 | $11,561 | $4,000 | $7,561 |
Source: Public Records
Agents Affiliated with this Home
-
Georgui Kassaev
-
Kabirah Epps
Buyer's Agent in 2024
Kabirah Epps
Boardwalk Realty Associates
(470) 633-0399
3 in this area
56 Total Sales
Map
Source: Georgia MLS
MLS Number: 10233686
APN: 121D1-E-014
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.
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