NOT LISTED FOR SALE

308-314 W Withers St W Lafayette, GA 30728

LaFayette Neighborhood

Estimated Value: $397,000 - $656,000

-- Bed
-- Bath
4,096 Sq Ft
$119/Sq Ft Est. Value

Last Sold October 07, 2019

Last sale price $220,000 $54 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $3,016/month

1 Day on Market

Highlights

  • No HOA
  • Living Room
  • Central Heating and Cooling System
  • Eat-In Kitchen
  • Storage
  • 3-minute walk to Joe Stock Memorial Park

About This Home

As of October 2019

HEY< HEY< HEY INVESTORS!!! It's time to build that portfolio, and here's a great opportunity for you to earn money from day 1 of your investment! This quadraplex is smack dab in the middle of the, aggressively growing, city of Lafayette. Walking distance to shopping, dining, and all that Lafayette has to offer. Each apartment offers 2 bedrooms, 1 1/2 bath, washer & dryer hookups, and lots of closet space. The current owner is in the process of raising the rent to meet the market standard. Each unit should rent for $650/month, which gets you in for better than the 1% standard. 3 of the 4 units have expired (1 expiring in Sept), and we have a waiting list to fill each one as they become available.

Last Agent to Sell the Property

Debbie King

DK Real Estate LLC License #352501 Listed on: 08/19/2019

Co-Listed By

Brandon King

DK Real Estate LLC License #348538

Last Buyer's Agent

Michael White

DK Real Estate LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,186

Year Built

  • Built in 2002

Lot Details

  • 9,583 Sq Ft Lot
  • Level Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 4,096 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Storage
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Stove

Parking

  • Garage
  • Parking Accessed On Kitchen Level
  • Off-Street Parking

Schools

  • Gilbert Elementary School
  • Lafayette Middle School
  • Lafayette High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 1031 037a

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $27,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,186

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.22
  • Lot Size: 0.22 Acres
  • Co List Office Mls Id: 10975
  • Co List Office Phone: 706-935-4444
  • Subdivision Name: None
  • Directions: Hwy 27 South to LaFayette, stay on Hwy 27 Business / Main St, right on Culberson Ave at the light at First Baptist, left on Oak St, right on Withers St, apartments will be on the right.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • Living Area: 4096.0
  • New Construction: No
  • Year Built: 2002
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 1031 037a
  • Location Tax and Legal Elementary School: Gilbert Elementary School
  • Location Tax and Legal High School: LaFayette High
  • Location Tax and Legal:Tax Annual Amount: 2186.15
  • General Property Information New Construction YN: No
  • General Property Information Home Warranty YN: No
  • General Property Information Carport YN: No
  • General Property Information Lot Size Acres: 0.22
  • General Property Information Lot Size Square Feet2: 9583.2
  • General Property Information Lot Size Dimensions: 0.22 Acres
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Foundation Details Slab: Yes
  • Levels:Two: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: LaFayette Middle
  • Parking Features Kitchen Level2: Yes
  • General Property Information Number Of Units Total2: 4.0
  • Unit 1 Living Room3: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Unit 3 Living Room5: Yes
  • Unit 3 Washer Dryer Hookups3: Yes
  • Unit 4 Washer Dryer Hookups4: Yes
  • Unit 4 Living Room6: Yes
  • Special Features: None

Interior Features

  • Basement YN: No
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen, Storage
  • Interior Features:Eat-in Kitchen: Yes
  • Community Features:None4: Yes
  • Interior Features:Storage2: Yes

Exterior Features

  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Stucco, Other
  • Foundation Details: Slab
  • Roof: Shingle
  • Lot Features:Level: Yes
  • Construction Materials:Stucco: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Kitchen Level, Off Street
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: No
  • Parking Features:Off Street: Yes

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Gilbert Elementary School
  • High School: LaFayette High
  • Middle Or Junior School: LaFayette Middle

Lot Info

  • Lot Size Sq Ft: 9583.2
  • Parcel #: 1031 037a
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 27600.0

Tax Info

  • Tax Annual Amount: 2186.15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2019
Closed on
Oct 7, 2019
Sold by
Johnson Richard W
Bought by
J & B Luckett Properties Llc
Seller's Agent
Debbie King
DK Real Estate LLC
Buyer's Agent
Michael White
DK Real Estate LLC
List Price
$239,900
Sold Price
$220,000
Premium/Discount to List
-$19,900
-8.3%
Current Estimated Value
$488,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$268,333
Avg. Annual Appreciation
13.01%
Original Mortgage
$442,000
Outstanding Balance
$390,708
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$51,625

Purchase Details

Closed on
Feb 3, 2003
Sold by
Lemons Stan and Lemons Lynn
Bought by
Lemontree Properties Llc

Purchase Details

Closed on
Jul 16, 1999
Sold by
Jones Nell Oliver
Bought by
Lemons Stan and Lemons Lynn

Purchase Details

Closed on
Jan 1, 1972
Bought by
Jones Nell Oliver
Source: Public Records

Range of Values:

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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
J & B Luckett Properties Llc $220,000 --
Lemontree Properties Llc -- --
Lemons Stan $30,000 --
Jones Nell Oliver -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open J & B Luckett Properties Llc $442,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2019 10/07/19 Sold $220,000 -8.3% $54 / Sq Ft
08/20/2019 08/20/19 Pending -- -- --
08/19/2019 08/19/19 For Sale $239,900 -- $59 / Sq Ft
Source: Greater Chattanooga REALTORS®

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 $3,557 $149,356 $11,682 $137,674
2023 $2,586 $105,360 $8,986 $96,374
2022 $1,814 $68,900 $8,986 $59,914
2021 $2,023 $68,900 $8,986 $59,914
2020 $2,239 $72,984 $8,986 $63,998
2019 $2,048 $66,702 $2,704 $63,998
2018 $1,985 $66,714 $2,716 $63,998
2017 $2,219 $66,714 $2,716 $63,998
2016 $1,839 $66,714 $2,716 $63,998
2015 $1,916 $66,200 $2,716 $63,484
2014 $1,844 $66,200 $2,716 $63,484
2013 -- $66,200 $2,716 $63,483
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1305215

Greater Chattanooga REALTORS®

APN: 1031-037A