NOT LISTED FOR SALE

2587 Flat Shoals Rd Decatur, GA 30034

Gresham Park Neighborhood

Estimated Value: $100,000 - $111,000

1 Bed
1 Bath
592 Sq Ft
$180/Sq Ft Est. Value

Sale Details

Date Sold: March 2, 2021

Last sale price $85,000 $144 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $682 / mo

6 Days on Market

Highlights

  • Sitting Area In Primary Bedroom
  • Park
  • Restaurant
  • Property is walking distance to MARTA
  • Bungalow
  • 1-Story Property

About This Home

As of March 2021

Built in 1906 this is one of the oldest homes in the area. Several scenarios fit this property including adding it to your Airbnb / Income property portfolio, making it your personal home or tearing down and building new. Quite a few new constructions are going up along Flat Shoals including next door. 163 ft of road frontage and the DeKalb County Sidewalks project was just completed including a concrete U-shaped drive and extensive granite wall along the property. Lot is mostly fenced. Close to The East Atlanta Village and East Lake.

Last Agent to Sell the Property

David Garrison

Bolst, Inc. License #273222 Listed on: 01/12/2021

Bolst, Inc.

Last Buyer's Agent

Drake Kennedy

NOT A VALID MEMBER License #401218

NOT A VALID MEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $539

Year Built

  • Built in 1906

Lot Details

  • 15,682 Sq Ft Lot
  • Property fronts a state road
  • Fenced
  • Sloped Lot

Parking

  • Driveway

Home Design

  • Bungalow
  • Fixer Upper
  • Block Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Family Room
  • Electric Range

Bedrooms and Bathrooms

  • Sitting Area In Primary Bedroom
  • 1 Primary Bedroom on Main
  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Location

  • Property is walking distance to MARTA
  • Property is near schools and shops

Utilities

  • Forced Air Heating System
  • Underground Utilities

Listing and Financial Details

  • Assessor Parcel Number 15 117 01 039

Community Details

Amenities

  • Restaurant

Recreation

  • Park
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$539

Year Built

Built in 1906

Lot Details

0.36 Acres

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Property Condition: Fixer Upper
  • Year Built: 1906
  • Levels Stories: One
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Appliances: Electric Range, Refrigerator
  • Common Walls: No Common Walls
  • Additional Rooms: Family Room
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 1
  • Bedroom Features: Master on Main, Sitting Room
  • Main Bedrooms: 1
  • Total Bathrooms: 1
  • Total Full Baths: 1
  • Main Full Bathrooms: 1
  • Master Bathroom Features: Tub/Shower Combo

Exterior Features

  • Roof Type: Composition
  • Fencing: Fenced
  • Foundation: Block

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Central, Forced Air
  • Utilities: Electricity Available, Natural Gas Available, Underground Utilities, Water Available
  • Electric: Other

Condo/Co-op/Association

  • Community Features: Near Marta, Near Schools, Near Shopping, Near Trails/Greenway, Park, Restaurant
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Monthly

Lot Info

  • Acres: 0.3600
  • Lot Features: Sloped
  • Parcel Number: 15 117 01 039
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 539.00
  • Tax Year: 2020

MLS Schools

  • Elementary School: Dekalb - Other
  • High School: Dekalb - Other
  • Middle School: Dekalb - Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2023
Sold by
Valid Investments Llc
Bought by
Paces Funding Llc
Current Estimated Value
$106,323

Purchase Details

Listed on
Jan 12, 2021
Closed on
Mar 2, 2021
Sold by
Jackson Jerry
Bought by
Valid Investments Llc
Seller's Agent
David Garrison
Bolst, Inc.
Buyer's Agent
Drake Kennedy
NOT A VALID MEMBER
List Price
$84,500
Sold Price
$85,000
Premium/Discount to List
$500
0.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.46%
Original Mortgage
$234,600
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2013
Sold by
Brannon Carter D
Bought by
Jackson Jerry Myer

Purchase Details

Closed on
May 31, 2005
Sold by
Jackson Jerry M
Bought by
Brannon Carter D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,000
Interest Rate
5.66%

Purchase Details

Closed on
Jan 18, 2002
Sold by
Hawkins Scott
Bought by
Jackson Jerry M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,600
Interest Rate
6.86%
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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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
Paces Funding Llc $112,999 --
Valid Investments Llc $85,000 --
Jackson Jerry Myer -- --
Brannon Carter D $17,000 --
Jackson Jerry M $12,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Valid Investments Llc $234,600
Previous Owner Brannon Carter D $17,000
Previous Owner Jackson Jerry M $12,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/02/2021 03/02/21 Sold $85,000 +0.6% $144 / Sq Ft
01/18/2021 01/18/21 Pending -- -- --
01/12/2021 01/12/21 For Sale $84,500 -- $143 / Sq Ft
Source: First Multiple Listing Service (FMLS)

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 $1,460 $23,520 $23,520 --
2024 $1,451 $23,520 $23,520 --
2023 $1,451 $69,360 $23,520 $45,840
2022 $1,805 $34,000 $5,800 $28,200
2021 $628 $26,120 $7,200 $18,920
2020 $539 $22,200 $7,104 $15,096
2019 $539 $22,200 $7,104 $15,096
2018 $314 $22,200 $7,200 $15,000
2017 $321 $8,720 $2,880 $5,840
2016 $314 $2,000 $1,600 $400
2014 $425 $2,920 $2,880 $40
Source: Public Records

Agents Affiliated with this Home

  • David Garrison

    Seller's Agent in 2021

    David Garrison

    Bolst, Inc.

    (404) 668-4645

    3 in this area

    117 Total Sales

    David Garrison
    Section Image
  • Drake Kennedy

    Buyer's Agent in 2021

    Drake Kennedy

    NOT A VALID MEMBER

    (678) 524-8738

    16 Total Sales

    Drake Kennedy
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6827280

First Multiple Listing Service (FMLS)

APN: 15-117-01-039

Georgia DeKalb County Decatur 30034 Gresham Park

2587 Flat Shoals Rd, Decatur, GA

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