NOT LISTED FOR SALE

300 Stonehaven Cir Cartersville, GA 30121

Estimated Value: $634,000 - $764,668

12 Beds
8 Baths
-- Sq Ft
1,742 Sq Ft Lot

Last Sold May 24, 2024

Last sale price $740,000

Est. 3% decrease in value since last sale

Current estimated payment $4,230/month

2 Days on Market

About This Home

As of May 2024

ATTENTION INVESTORS!! Don't miss this once-in-a-decade opportunity! This listing highlights a building along with two additional properties, available for individual or portfolio purchase. These sites have been extensively renovated and maintained, showcasing a range from significant updates to complete overhauls. These buildings stand out with high occupancy rates, further driven by strong demand, highlighted by the leasing of the most recent unit for $1,555 per month and $125 AOA Fee paid by tenants. GROWTH OPPORTUNITY: The investment appeal is significantly enhanced by the projection of over 5,000 new jobs in the area, anticipated to materialize over the coming years. Couple that with increased rents across multiple units and you've got all the ingredients for a successful cash flow and equity play for the future. OWNER OCCUPANT INVESTORS: For those interested in owner-occupant investor financing, strategic vacancies have been maintained to support such financing options. Reach out today to learn more about this opportunity! Recent upgrades across the properties include comprehensive renovations of buildings 300, 1300, and 1400. Notably, buildings 1300 and 1400 have received exterior paint and maintenance, HVAC systems, and water heaters, aligning with the portfolioCOs commitment to quality and comfort. Building 300, while offered at a special price due to the absence of new HVAC systems, also benefits from these widespread improvements, including new appliances, fresh paint, and updated flooring. Each unit offers spacious accommodation with three bedrooms and two full bathrooms, totaling twelve bedrooms and eight bathrooms in each quadruplex. Please note that the floor plan provided is for illustrative purposes only; actual unit layouts may vary, incorporating potential reversals or the addition of a bay window.

Last Agent to Sell the Property

Innovative Properties Group

Re/Max Town & Country License #205060 Listed on: 05/01/2024

Re/Max Town & Country

Co-Listed By

Sandra Watkins

Re/Max Town & Country License #205060

Last Buyer's Agent

Glenda Broker

Non-Mls Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,856

Year Built

  • Built in 2005

Lot Details

  • 1,742

Home Design

  • Quadruplex
  • Vinyl Siding

Parking

  • 6 Parking Spaces
  • Over 1 Space Per Unit

Schools

  • Cloverleaf Elementary School
  • South Central Middle School
  • Cass High School

Additional Features

  • 2-Story Property
  • 1,742 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • Property has a Home Owners Association
  • Association fees include ground maintenance, trash
  • 4 Units
  • Stonehaven Subdivision

Listing and Financial Details

  • Tax Lot P

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,856

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • District: 4
  • Year Built: 2005
  • Co List Office: RMTC12
  • Financing Type: Conventional 90%
  • Levels: Two
  • Lot Size Acres: .04
  • Structure Type: Quadruplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: None

Exterior Features

  • Construction Materials: Vinyl Siding
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Over 1 Space per Unit
  • ParkingTotal: 6

Utilities

  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Utilities: Water Individual Meters
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Community Features: Sidewalks, Street Lights

Fee Information

  • Association Fee Includes: Maintenance Grounds, Trash

Schools

  • Elementary School: Cloverleaf
  • High School: Cass
  • High School Bus: Yes
  • Middle School: South Central
  • Middle School Bus: Yes
  • Elementary School: Cloverleaf
  • Middle School: South Central
  • High School: Cass

Lot Info

  • Land Lot: 191
  • Lot: P
  • Deed Book: 3570
  • Deed Page: 509

Rental Info

  • Owner Pays: Other

Tax Info

  • Year: 2023
  • Tax Annual Amount: 5856

Multi Family

  • NumberOfUnitsTotal: 4

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2024
Closed on
May 24, 2024
Sold by
Adeyi Abiodun Gbenga
Bought by
Adeyi Abiodun Gbenga and Adeyi Mofolasade O
Seller's Agent
Innovative Properties Group
Re/Max Town & Country
Buyer's Agent
Glenda Broker
Non-Mls Company
List Price
$740,000
Sold Price
$740,000
Views
234
Current Estimated Value
$719,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,333
Avg. Annual Appreciation
-1.17%
Original Mortgage
$555,000
Outstanding Balance
$548,597
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$179,836

Purchase Details

Listed on
Jun 27, 2023
Closed on
Jul 25, 2023
Sold by
Miyatake Flp Investments Llc
Bought by
Certified Affordable Housing Providers 3 and Certified Affordable Housing Providers I
Seller's Agent
Ted Ehrhart
PMI Georgia
Buyer's Agent
Chris Evans
Sellect Realty, LLC
List Price
$550,000
Sold Price
$530,000
Premium/Discount to List
-$20,000
-3.64%
Views
56

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
49.50%
Original Mortgage
$547,400
Interest Rate
6.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2010
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Miyatake Flp Investments Llp

Purchase Details

Closed on
Dec 6, 2005
Sold by
Moore Yathaddia
Bought by
Wells Fargo Bank

Purchase Details

Closed on
Apr 12, 2005
Sold by
Higher Ground Planning Cor
Bought by
Moore Mishana and Moore Yathaddia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Interest Rate
8.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 25, 2005
Sold by
Redwood Contractors Llc
Bought by
Higher Ground Planning Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,500
Interest Rate
8.75%
Mortgage Type
Commercial
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
Adeyi Abiodun Gbenga -- --
Adeyi Abiodun Gbenga $740,000 --
Certified Affordable Housing Providers 3 $530,000 --
Miyatake Flp Investments Llp $90,000 --
Wells Fargo Bank -- --
Moore Mishana $475,000 --
Higher Ground Planning Corp $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adeyi Abiodun Gbenga $555,000
Previous Owner Certified Affordable Housing Providers 3 $547,400
Previous Owner Moore Mishana $427,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2024 05/24/24 Sold $740,000 0.0% --
05/03/2024 05/03/24 Pending -- -- --
05/01/2024 05/01/24 For Sale $740,000 +39.6% --
07/25/2023 07/25/23 Sold $530,000 -3.6% --
06/28/2023 06/28/23 Pending -- -- --
06/27/2023 06/27/23 For Sale $550,000 0.0% --
05/19/2023 05/19/23 Rented $999 0.0% --
04/26/2023 04/26/23 For Rent $999 +67.9% --
07/14/2015 07/14/15 Rented $595 0.0% --
07/14/2015 07/14/15 For Rent $595 0.0% --
01/25/2013 01/25/13 Rented $595 0.0% --
01/25/2013 01/25/13 Rented $595 0.0% --
01/25/2013 01/25/13 For Rent $595 0.0% --
12/26/2012 12/26/12 Under Contract -- -- --
10/21/2012 10/21/12 For Rent $595 -- --
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 $5,152 $241,584 $20,000 $221,584
2023 $5,152 $220,052 $20,000 $200,052
2022 $4,499 $121,698 $20,000 $101,698
2021 $2,978 $121,698 $20,000 $101,698
2020 $3,066 $121,698 $20,000 $101,698
2019 $3,099 $91,135 $20,000 $71,135
2018 $2,321 $83,320 $4,000 $79,320
2017 $2,333 $83,320 $4,000 $79,320
2016 $2,350 $83,320 $4,000 $79,320
2015 $2,124 $75,160 $4,000 $71,160
2014 -- $42,800 $6,000 $36,800
2013 -- $42,800 $6,000 $36,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 10291916

Georgia MLS

APN: 0078G-0006-016