NOT LISTED FOR SALE

2885 Preston Dr Rex, GA 30273

Estimated Value: $219,000 - $263,626

3 Beds
2 Baths
2,030 Sq Ft
$118/Sq Ft Est. Value

Last Sold August 19, 2024

Last sale price $219,300 $108 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,650/month

107 Days on Market

Highlights

  • Deck
  • Main Floor Primary Bedroom
  • No HOA
  • Private Lot
  • Bonus Room
  • Laundry in Mud Room

About This Home

As of August 2024

BACK ON THE MARKET DUE TO BUYER'S FINANCES. PRICE DECREASE. MOTIVATED SELLER!! This home is perfect for Investors or anyone that has DIY talents. Needing extra space and would love to have a couple extra rooms for under 230K. Look no further, it's right here nestled in the Heather Lynn subdivision. This 3BD/2BA bath home also comes with 2 nice size bonus rooms in the basement where you'll also find a wash room and mud room. (Washer and dryer included) This home flooring is less than 4 yrs old in the kitchen, living room and the bedrooms. The refrigerator and microwave were replaced around 3 yrs ago. There is a nice brick wall in one of the bonus rooms that may be perfect for mounting a TV for a cozy-feeling family room. This home has ample space in the backyard and a comfortable size front yard. It comes with one car garage and 2-3 cars can fit in the driveway. This home sits on a corner lot and is located in what has been known as a quiet neighborhood. There is no HOA. It does need some TLC but has great potential. This home is Excellent for Investors and it has a nice large backyard that can be used to build an ADU/tiny home for college kids or in-laws. Seller is willing help some with closing cost with full asking price. Please schedule in showing time. Owner stays there sometimes. Thanks.

Last Agent to Sell the Property

Sesaric Sessy Nation

Atlanta Communities License #410106 Listed on: 04/03/2024

Atlanta Communities

Last Buyer's Agent

David Navarrete

eXp Realty License #403339

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,242

Year Built

  • Built in 1973

Lot Details

  • 0.25 Acre Lot
  • Back Yard Fenced
  • Private Lot
  • Corner Lot

Parking

  • Garage

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 2,030 Sq Ft Home
  • Multi-Level Property
  • Family Room
  • Bonus Room
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry in Mud Room
  • Laundry Room
  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Laundry in Basement

Outdoor Features

  • Deck

Schools

  • Mount Zion Primary/Elementary School
  • Rex Mill Middle School
  • Mount Zion High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Heather Lynn Subdivision

Listing and Financial Details

  • Legal Lot and Block 7 / C

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,242

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1973
  • ArchitecturalStyle: Other
  • Financing Type: VA
  • Levels: Multi/Split
  • Lot Size Acres: .25
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 2030
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Washer, Dishwasher, Refrigerator
  • Bedrooms: 3
  • Basement: Exterior Entry
  • Total Finished Sq Ft: 2030
  • Above Grade Finished Sq Ft: 2030
  • Interior Amenities: Other, Master On Main Level
  • Full Bathrooms: 2
  • Flooring: Carpet, Laminate, Vinyl
  • Price Per Square Foot: 108.029

Beds/Baths

  • Main Level Full Bathrooms: 2
  • Bedroom Main Level: 3

Exterior Features

  • Common Walls: No Common Walls
  • Construction Materials: Stucco
  • Fencing: Fenced, Back Yard
  • Lot Features: Corner Lot, Private
  • Patio And Porch Features: Deck
  • Property Condition: Resale
  • Roof: Composition

Garage/Parking

  • Parking Features: Garage

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Central
  • Laundry Features: In Basement, In Mud Room
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Mount Zion Primary/Elementary
  • High School: Mount Zion
  • Middle School: Rex Mill
  • Elementary School: Mount Zion Primary/Elementary
  • Middle School: Rex Mill
  • High School: Mount Zion

Lot Info

  • Land Lot: 7
  • Lot: 7

Tax Info

  • Year: 2023
  • Tax Annual Amount: 4242

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2024
Closed on
Aug 16, 2024
Sold by
Dafalla Omelassan
Bought by
Casillas Fierro Gerardo
Seller's Agent
Sesaric Sessy Nation
Atlanta Communities
Buyer's Agent
David Navarrete
eXp Realty
List Price
$257,000
Sold Price
$219,300
Premium/Discount to List
-$37,700
-14.67%
Views
200
Current Estimated Value
$239,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,607
Avg. Annual Appreciation
8.51%
Original Mortgage
$219,300
Outstanding Balance
$217,172
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$22,735

Purchase Details

Listed on
Dec 30, 2019
Closed on
Dec 3, 2020
Sold by
Tysons Properties Llc
Bought by
Dafalla Omelassan
Seller's Agent
Alex Martin
NOT A VALID MEMBER
Buyer's Agent
Hector Rosario
Georgia Online Realty Inc.
List Price
$138,000
Sold Price
$140,000
Premium/Discount to List
$2,000
1.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.86%
Original Mortgage
$133,903
Interest Rate
2.7%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 13, 2019
Sold by
Najarian Capital Llc
Bought by
Tysons Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
3.6%

Purchase Details

Closed on
Sep 13, 2019
Sold by
Pennington Mark Archie
Bought by
Najarian Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,200
Interest Rate
3.6%
Mortgage Type
New Conventional
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
Casillas Fierro Gerardo $219,300 --
Dafalla Omelassan $140,000 --
Tysons Properties Llc $87,000 --
Najarian Capital Llc $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Casillas Fierro Gerardo $219,300
Previous Owner Dafalla Omelassan $133,903
Previous Owner Tysons Properties Llc $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2024 08/19/24 Sold $219,300 0.0% $108 / Sq Ft
07/19/2024 07/19/24 Pending -- -- --
06/09/2024 06/09/24 Price Changed $219,300 -4.7% $108 / Sq Ft
05/21/2024 05/21/24 Price Changed $230,000 -3.6% $113 / Sq Ft
04/25/2024 04/25/24 Price Changed $238,500 -7.2% $117 / Sq Ft
04/03/2024 04/03/24 For Sale $257,000 +83.6% $127 / Sq Ft
12/03/2020 12/03/20 Sold $140,000 +1.4% $108 / Sq Ft
09/20/2020 09/20/20 Pending -- -- --
09/16/2020 09/16/20 For Sale $138,000 0.0% $106 / Sq Ft
09/09/2020 09/09/20 Pending -- -- --
09/04/2020 09/04/20 For Sale $138,000 -1.4% $106 / Sq Ft
07/10/2020 07/10/20 Off Market $140,000 -- --
07/10/2020 07/10/20 Pending -- -- --
06/01/2020 06/01/20 For Sale $138,000 0.0% $106 / Sq Ft
05/24/2020 05/24/20 For Sale $138,000 0.0% $106 / Sq Ft
05/23/2020 05/23/20 Pending -- -- --
05/09/2020 05/09/20 Pending -- -- --
04/07/2020 04/07/20 Price Changed $138,000 -3.5% $106 / Sq Ft
02/11/2020 02/11/20 Price Changed $143,000 -4.7% $110 / Sq Ft
12/30/2019 12/30/19 Price Changed $150,000 +5.0% $115 / Sq Ft
12/30/2019 12/30/19 For Sale $142,900 -- $110 / Sq Ft
Source: Georgia MLS

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
2024 $4,536 $116,280 $7,200 $109,080
2023 $4,242 $117,480 $7,200 $110,280
2022 $3,309 $84,320 $7,200 $77,120
2021 $2,787 $70,560 $7,200 $63,360
2020 $1,392 $34,800 $7,200 $27,600
2019 $1,515 $37,310 $4,000 $33,310
2018 $1,520 $37,438 $4,000 $33,438
2017 $1,058 $26,007 $4,000 $22,007
2016 $947 $23,275 $4,000 $19,275
2015 $1,003 $0 $0 $0
2014 $1,009 $25,380 $4,000 $21,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 10276750

Georgia MLS

APN: 12-0086B-00E-008