NOT LISTED FOR SALE

2875 3rd Ave SW Atlanta, GA 30315

Hammond Park Neighborhood

Estimated Value: $185,000 - $290,000

2 Beds
1 Bath
974 Sq Ft
$230/Sq Ft Est. Value

Last Sold September 14, 2020

Last sale price $203,507 $209 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,365/month

Highlights

  • City View
  • Four Sided Brick Exterior Elevation
  • Central Heating and Cooling System
  • 1-Story Property

About This Home

As of September 2020

This is an excellent turnkey buy and hold SECTION 8 opportunity to generate $2600 per month in GUARANTEED income. Each unit will bring in $1300 per month. This solid brick home is setup like a duplex. Seller will complete renovations needed to make Section 8 ready for investor to collect rental income from day one. Comparable income-producing property in the neighborhood sold for $222,000. Cap rate for this gem is estimated at 13%. Sold as is, where is. Close with Chalker & Chalker as title is ready.

Last Agent to Sell the Property

GABRIEL BETTSACK

Keller Williams Realty Atl North License #328792 Listed on: 07/23/2020

Keller Williams Realty Atl North

Last Buyer's Agent

Shakhan King

Keller Williams Atlanta Classic License #343042

Keller Williams Atlanta Classic

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $286

Year Built

  • Built in 1960

Lot Details

  • 9,348

Home Design

  • Duplex
  • Composition Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1-Story Property
  • City Views
  • Carbon Monoxide Detectors

Parking

  • 2 Parking Spaces
  • Driveway

Schools

  • Emma Hutchinson Elementary School
  • Crawford Long Middle School
  • South Atlanta High School

Additional Features

  • 9,348 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2 Units
  • Hammond Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 14 009300031608

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$286

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Duplex
  • Property Condition: Resale
  • Year Built: 1960
  • Levels Stories: One
  • Special Features: None

Property Details

  • Property: Residential Income

Interior Features

  • Window Features: None

Exterior Features

  • Construction Materials: Brick 4 Sides
  • Roof Type: Composition
  • View: City

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Carbon Monoxide Detector(s)
  • Cooling: Central Air
  • Heating: Central
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Subdivision Complex: Hammond Park

Lot Info

  • Acres: 0.2146
  • Plat Book: 61692
  • Plat Page: 601
  • Lot Dimensions: x
  • Parcel Number: 14 009300031608
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 286.00
  • Tax Year: 2018

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Emma Hutchinson
  • High School: South Atlanta
  • Middle School: Crawford Long

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2020
Closed on
Sep 14, 2020
Sold by
Tops Housing Llc
Bought by
Jkr Oz Llc
Seller's Agent
GABRIEL BETTSACK
Keller Williams Realty Atl North
Buyer's Agent
Shakhan King
Keller Williams Atlanta Classic
List Price
$219,900
Sold Price
$203,507
Premium/Discount to List
-$16,393
-7.45%
Current Estimated Value
$224,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,557
Avg. Annual Appreciation
1.89%

Purchase Details

Listed on
Jul 23, 2020
Closed on
Jul 27, 2020
Sold by
Tops Housing Llc
Bought by
Tops Housing Llc and Real Estate Creative Llc
Seller's Agent
GABRIEL BETTSACK
Keller Williams Realty Atl North
Buyer's Agent
Shakhan King
Keller Williams Atlanta Classic
List Price
$219,900
Sold Price
$203,507
Premium/Discount to List
-$16,393
-7.45%

Purchase Details

Listed on
Mar 17, 2020
Closed on
May 29, 2020
Sold by
Frias Janett Lopez
Bought by
Tops Housing Llc
Seller's Agent
Isabel Baron-Pineda
La Rosa Realty Georgia
Buyer's Agent
NON-MLS NMLS
Non FMLS Member
List Price
$130,000
Sold Price
$118,000
Premium/Discount to List
-$12,000
-9.23%

Purchase Details

Listed on
Mar 17, 2020
Closed on
May 28, 2020
Sold by
Gonzalez Virginia Frias
Bought by
Frias Janett Lopez
Seller's Agent
Isabel Baron-Pineda
La Rosa Realty Georgia
Buyer's Agent
NON-MLS NMLS
Non FMLS Member
List Price
$130,000
Sold Price
$118,000
Premium/Discount to List
-$12,000
-9.23%

Purchase Details

Listed on
Mar 17, 2020
Closed on
May 27, 2020
Sold by
Molina Maira
Bought by
Frias Janett Lopez
Seller's Agent
Isabel Baron-Pineda
La Rosa Realty Georgia
Buyer's Agent
NON-MLS NMLS
Non FMLS Member
List Price
$130,000
Sold Price
$118,000
Premium/Discount to List
-$12,000
-9.23%

Purchase Details

Closed on
Nov 10, 2018
Sold by
Gonzalez Virginia Frias
Bought by
Frias Janett Lopez

Purchase Details

Closed on
May 18, 2015
Sold by
Molina Maira
Bought by
Gonzalez Virginia Frias and Molina Maira E

Purchase Details

Listed on
Oct 15, 2012
Closed on
Nov 30, 2012
Sold by
Secretary Of Housing And U
Bought by
Molina Maira
Seller's Agent
Collis Clovie
Cross Creek Realty
Buyer's Agent
Jenny Caceres
NOT A VALID MEMBER
List Price
$9,200
Sold Price
$10,000
Premium/Discount to List
$800
8.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.19%

Purchase Details

Closed on
Oct 4, 2011
Sold by
Jpmorgan Chase Bank Na
Bought by
Secretary Of Housing & Urban D
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
Jkr Oz Llc $203,507 --
Tops Housing Llc -- --
Tops Housing Llc $118,000 --
Frias Janett Lopez -- --
Frias Janett Lopez -- --
Frias Janett Lopez -- --
Gonzalez Virginia Frias -- --
Molina Maira $10,000 --
Secretary Of Housing & Urban D $8,800 --
Jpmorgan Chase Bank National A $8,800 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/14/2020 09/14/20 Sold $203,507 0.0% $209 / Sq Ft
09/09/2020 09/09/20 Off Market $203,507 -- --
09/03/2020 09/03/20 For Sale $219,900 +8.1% $226 / Sq Ft
09/01/2020 09/01/20 Off Market $203,507 -- --
08/30/2020 08/30/20 Pending -- -- --
08/28/2020 08/28/20 For Sale $219,900 +8.1% $226 / Sq Ft
08/27/2020 08/27/20 Off Market $203,507 -- --
08/13/2020 08/13/20 For Sale $219,900 +8.1% $226 / Sq Ft
08/12/2020 08/12/20 Off Market $203,507 -- --
07/29/2020 07/29/20 For Sale $219,900 +8.1% $226 / Sq Ft
07/28/2020 07/28/20 Off Market $203,507 -- --
07/23/2020 07/23/20 For Sale $219,900 0.0% $226 / Sq Ft
07/09/2020 07/09/20 Price Changed $219,900 +10.0% $226 / Sq Ft
07/07/2020 07/07/20 Price Changed $199,900 +69.4% $205 / Sq Ft
05/29/2020 05/29/20 Sold $118,000 -5.6% $121 / Sq Ft View Prior Sale
05/03/2020 05/03/20 Pending -- -- --
04/28/2020 04/28/20 Price Changed $125,000 -3.8% $128 / Sq Ft
03/17/2020 03/17/20 For Sale $130,000 +1200.0% $133 / Sq Ft
11/30/2012 11/30/12 Sold $10,000 +8.7% $10 / Sq Ft View Prior Sale
11/08/2012 11/08/12 Pending -- -- --
10/15/2012 10/15/12 For Sale $9,200 -- $10 / Sq Ft
Source: First Multiple Listing Service (FMLS)

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
2025 $2,311 $67,480 $18,640 $48,840
2023 $2,311 $72,440 $17,840 $54,600
2022 $2,504 $61,880 $13,760 $48,120
2021 $1,894 $46,760 $14,200 $32,560
2020 $1,281 $31,280 $7,760 $23,520
2019 $485 $24,080 $5,440 $18,640
2018 $286 $6,920 $2,000 $4,920
2017 $287 $6,640 $1,920 $4,720
2016 $288 $6,640 $1,920 $4,720
2015 $288 $6,640 $1,920 $4,720
2014 $301 $6,640 $1,920 $4,720
Source: Public Records

Agents Affiliated with this Home

  • Isabel Baron-Pineda

    Seller's Agent in 2020

    Isabel Baron-Pineda

    La Rosa Realty Georgia

    (404) 518-1163

    34 Total Sales

    Isabel Baron-Pineda
    Section Image

  • G

    Seller's Agent in 2020

    GABRIEL BETTSACK

    Keller Williams Realty Atl North

    (404) 410-0994

    11 in this area

    50 Total Sales

    GABRIEL BETTSACK
    Section Image

  • S

    Buyer's Agent in 2020

    Shakhan King

    Keller Williams Atlanta Classic

    (404) 510-0780

    29 Total Sales

    Shakhan King
    Section Image

  • N

    Buyer's Agent in 2020

    NON-MLS NMLS

    Non FMLS Member

  • Collis Clovie

    Seller's Agent in 2012

    Collis Clovie

    Cross Creek Realty

    (404) 242-9070

    126 Total Sales

    Collis Clovie
    Section Image

  • J

    Buyer's Agent in 2012

    Jenny Caceres

    NOT A VALID MEMBER

    Section Image
See All Agents

Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6741806

First Multiple Listing Service (FMLS)

APN: 14-0093-0003-160-8

Georgia Fulton County Atlanta 30315 Hammond Park

2875 3rd Ave SW, Atlanta, GA

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