$175,999
$34K PRICE DROP

Estimated payment $1,307/month

Total Views 3,714
3 Beds
2.5 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • A-Frame Home
  • Balcony
  • Laundry Room
  • Solid Surface Countertops
  • Walk-In Closet
  • Tile Flooring

About This Home

Turnkey, Cash-Flowing Rental in Prime Decatur Location 2565 Terrace Trail, Decatur, GA 30035 3 Beds | 3 Baths | 1,865 SqFt Perfect for all buyers, soild for long-term and short term, passive or active just know it is a REAL DEAL AND BUY!! low-maintenance property with immediate income potential. Tucked in a well-kept, HOA-managed community, this beautifully renovated townhome is a rare blend of space, style, and stability. Recent Upgrades & System Improvements (2021-2022): New Roof (2021): Full replacement for long-term durability Energy-Efficient Goodman HVAC System (2022): Reliable all-electric system for year-round comfort New Water Heater (2022): Improved efficiency and peace of mind Vinyl Windows (2022): Double-pane for noise reduction and better insulation huge savings on big ticket items, and add value on major systems of property. LED Lighting Throughout: Cost-effective and modern lighting Fresh Interior Paint: Bright, neutral tones throughout the home tenancy, and a layout that feels more like a single-family home, this is a true gem in one of Decatur's growing rental corridors. Highlights: Grand Vaulted Ceilings: Soaring ceilings in the living room create a sense of openness and sophistication, enhanced by abundant natural light. Designer 24x24 Porcelain Tile Flooring: Elegant, durable, and easy to maintain-ideal for busy residents or long-term tenants. Cozy Fireplace Feature: A welcoming focal point for relaxation and entertaining. Stylishly Renovated Kitchen: Outfitted with sleek shaker-style cabinets, laminate countertops, and a full suite of stainless steel appliances-ready for cooking or hosting. Fresh Interior Paint: Crisp, clean aesthetic throughout-move-in ready for homeowners or turn-key for investors. Private Balcony Retreat: Step out and enjoy peaceful views of mature trees and green space-perfect for morning coffee or evening wind-downs. Energy-Efficient Electric HVAC System: Keeps utility costs in check while maintaining year-round comfort. LED Lighting Throughout: Bright, efficient, and modern. Designated Parking: Convenience and security for residents and guests. Pet-Friendly Community: Includes onsite green space (buyer to verify) and a quiet, walkable neighborhood feel. Rental Income Highlights: Tenant in place through November 2025 Current market rent comps: $2,000+/month Reliable, hands-free cash flow from day one Location Benefits: Just minutes from I-285 and I-20-easy access to Atlanta and surrounding areas 10 miles from down town 12 miles from Airport Close to major retail, restaurants, and local schools Positioned in a high-demand rental area with strong long-term appreciation potential This home offers the perfect balance of style, stability, and scalability-whether you're expanding your portfolio, house-hacking your first home, or planting roots in a rising neighborhood. Showings by appointment only. Please do not disturb occupants.

Listing Agent

Susan Ayers

Clickit Realty Inc. License #347205 Listed on: 05/13/2025

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,744

Year Built

  • Built in 1973

HOA Fees

  • $120 Monthly HOA Fees

Home Design

  • A-Frame Home
  • Composition Roof
  • Wood Siding

Interior Spaces

  • Multi-Level Property
  • Living Room with Fireplace
  • Tile Flooring
  • Laundry Room

Kitchen

  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • Walk-In Closet

Home Security

Parking

  • 1 Parking Space
  • Carport
  • Assigned Parking

Schools

  • Fairington Elementary School
  • Miller Grove Middle School
  • Miller Grove High School

Utilities

  • Central Air
  • Heating Available
  • Cable TV Available

Additional Features

  • Balcony
  • No Common Walls

Community Details

Overview

  • Association fees include ground maintenance, management fee
  • Terraces Subdivision

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,744

Year Built

Built in 1973

Lot Details

0

HOA Fees

$120 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1973
  • ArchitecturalStyle: A-frame
  • Main Level Half Bathrooms: 1
  • Levels: Multi/Split
  • Lot Size Acres: .10
  • Property Sub-Type: Condominium
  • Structure Type: Other
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Microwave, Refrigerator
  • Bedrooms: 3
  • Basement: None
  • Interior Amenities: Walk-In Closet(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplace Features: Living Room
  • Flooring: Tile
  • Kitchen Features: Solid Surface Counters

Beds/Baths

  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Bedroom Main Level: 1

Exterior Features

  • Common Walls: No Common Walls
  • Construction Materials: Wood Siding
  • ExteriorFeatures: Balcony
  • Lot Features: Level
  • Property Condition: Resale
  • Roof: Composition
  • Waterfront Features: No Dock Or Boathouse

Garage/Parking

  • Parking Features: Assigned, Carport
  • ParkingTotal: 1

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Other
  • Security Features: Smoke Detector(s)
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Annual Association Fee: 1440
  • Association: Yes
  • Community Features: None

Fee Information

  • Association Fee Includes: Maintenance Grounds, Management Fee

Schools

  • Elementary School: Fairington
  • High School: Miller Grove
  • Middle School: Miller Grove
  • Elementary School: Fairington
  • Middle School: Miller Grove
  • High School: Miller Grove

Multi Family

  • Total Fireplaces: 1

Tax Info

  • Year: 2024
  • Tax Annual Amount: 2744

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $2,744 $61,560 $8,000 $53,560
2023 $2,744 $42,280 $8,000 $34,280
2022 $480 $10,400 $840 $9,560
2021 $387 $8,280 $1,600 $6,680
2020 $735 $16,200 $1,600 $14,600
2019 $547 $11,920 $1,600 $10,320
2018 $540 $11,920 $1,600 $10,320
2017 $430 $9,200 $1,600 $7,600
2016 $312 $6,520 $1,000 $5,520
2014 $180 $3,440 $1,000 $2,440
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2025 08/08/25 Price Changed $175,999 0.0% --
07/28/2025 07/28/25 Price Changed $176,000 -0.9% --
07/10/2025 07/10/25 Price Changed $177,600 -0.1% --
06/26/2025 06/26/25 Price Changed $177,700 -6.0% --
06/26/2025 06/26/25 Price Changed $189,000 -1.6% --
06/18/2025 06/18/25 Price Changed $192,000 -1.0% --
06/13/2025 06/13/25 Price Changed $194,000 -0.3% --
06/04/2025 06/04/25 Price Changed $194,500 -0.3% --
05/24/2025 05/24/25 Price Changed $195,000 -7.1% --
05/13/2025 05/13/25 For Sale $210,000 -- --
Source: Georgia MLS

Purchase History

Date Type Sale Price Title Company
Limited Warranty Deed $26,000 --
Warranty Deed $19,500 --
Warranty Deed $5,200 --
Quit Claim Deed -- --
Deed $22,600 --
Foreclosure Deed $42,992 --
Deed -- --
Foreclosure Deed $75,417 --
Deed -- --
Foreclosure Deed $57,663 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $55,350 Stand Alone Second
Previous Owner $74,500 FHA
Source: Public Records

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Source: Georgia MLS

MLS Number: 10521565

Georgia MLS

APN: 16-008-05-007