NOT LISTED FOR SALE

Estimated Value: $186,000 - $273,196

0.7 Acre
$312,927 Price per Acre
30,492 Sq Ft Lot

Last Sold June 26, 2020

Last sale price $125,000 $109 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $1,518/month

22 Days on Market

Highlights

  • 0.7 Acre Lot
  • Partially Wooded Lot
  • 1-Story Property
  • Druid Hills High School Rated A-
  • Traditional Architecture

About This Lot

As of June 2020

TWO lots that are adjacent and zoned for single family residential development. This gem of a property is nestled on a quiet, tree-lined street in Scottdale just off East Ponce de Leon Avenue, Lawrenceville Hwy and Mclendon Drive. This subdivided land features a single-family home that has been in place since 1953. There are 3 basic opportunities for the new owner: (1) tear down and build a custom home, (2) tear down and build two custom homes with shared driveway access, or (3) simply renovate the existing house and decide what to do with the remaining land later. In addition to the idea of 3 lots with 3 houses on a shared driveway, a smart single family homeowner looking for equity could buy the house with a renovation loan, make massive improvements on two of the lots, then build a single, new house on the third lot - or even sell off the third lot. Dollar for dollar, a single family home purchase made with a renovation loan - even an FHA loan - could squeeze a whole lot of equity out of a 150x180 piece of land with a house on it, all in for likely under $350K.

Last Agent to Sell the Property

Lee Taylor

Coldwell Banker Realty License #210956 Listed on: 05/21/2020

Coldwell Banker Realty

Co-Listed By

The Wieloch Group

NOT A VALID MEMBER

Last Buyer's Agent

Lee Taylor

Coldwell Banker Realty License #210956 Listed on: 05/21/2020

Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,766

Year Built

  • Built in 1953

Lot Details

  • 0.7 Acre Lot
  • Lot Dimensions are 122x191x156x190
  • Partially Wooded Lot
  • Property is zoned R75

Home Design

  • Traditional Architecture
  • Fixer Upper

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Schools

  • Mclendon Elementary School
  • Druid Hills Middle School
  • Druid Hills High School

Additional Features

  • 1-Story Property
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 18 064 02 114

Property Details

Property Type

Land

Est. Annual Taxes

$1,766

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Land
  • MLS Status: Closed
  • Architectural Style: Traditional
  • Current Classification: Developed/Zoned Residential
  • Property Condition: Fixer Upper
  • Year Built: 1953
  • Levels Stories: One
  • Special Features: None
  • Property Sub Type: LotsLands

Property Details

  • Property: Land

Interior Features

  • Additional Rooms: Other

Beds/Baths

  • Total Bedrooms: 2
  • Bedroom Features: Master on Main
  • Main Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Baths: 1
  • Main Full Bathrooms: 1

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available

Schools

  • Elementary School: McLendon
  • Middle School: Druid Hills
  • High School: Druid Hills

Lot Info

  • Acres: 0.7000
  • Land/Lot: 64
  • Possible Use: Residential
  • Current Zoning: R75
  • Current Use: Residential
  • House On Property: Yes
  • Lot Dimensions: 122x191x156x190
  • Parcel Number: 18 064 02 114
  • Price Acre Dollar: 178571.43
  • Horse Amenities: None
  • Property Attached Yn: No

Tax Info

  • Taxes: 1766.00
  • Assessor Parcel Number: 18-064-02-114
  • Close Date: 2020-06-26
  • Tax Year: 2017

MLS Schools

  • Elementary School: McLendon
  • High School: Druid Hills
  • Middle School: Druid Hills

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2020
Closed on
Jun 26, 2020
Sold by
Embry Shea
Bought by
Mjp Acquisition Co Llc
Seller's Agent
Lee Taylor
Coldwell Banker Realty
Buyer's Agent
Lee Taylor
Coldwell Banker Realty
List Price
$150,000
Sold Price
$125,000
Premium/Discount to List
-$25,000
-16.67%
Current Estimated Value
$212,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,882
Avg. Annual Appreciation
11.63%

Purchase Details

Listed on
Mar 14, 2016
Closed on
Apr 11, 2016
Sold by
A & N Brokerage Inc
Bought by
Embry Shea
Seller's Agent
Cory Ditman
Keller Williams Realty Metro Atlanta
Buyer's Agent
SHEA EMBRY
NOT A VALID MEMBER
List Price
$100,000
Sold Price
$80,000
Premium/Discount to List
-$20,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.18%

Purchase Details

Closed on
Dec 30, 2015
Sold by
Bishop Roy Leon
Bought by
A & N Brokerage Inc
Source: Public Records

Range of Values:

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Average Value
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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
Mjp Acquisition Co Llc $125,000 --
Embry Shea $80,000 --
A & N Brokerage Inc $50,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2020 06/26/20 Sold $125,000 -16.7% $109 / Sq Ft
06/12/2020 06/12/20 Pending -- -- --
05/21/2020 05/21/20 For Sale $150,000 +87.5% $131 / Sq Ft
04/11/2016 04/11/16 Sold $80,000 -20.0% $70 / Sq Ft
03/24/2016 03/24/16 Pending -- -- --
03/14/2016 03/14/16 For Sale $100,000 -- $87 / 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
2023 $4,103 $84,240 $37,066 $47,174
2022 $3,456 $84,240 $36,840 $47,400
2021 $2,508 $50,000 $24,800 $25,200
2020 $3,385 $70,000 $35,000 $35,000
2019 $2,920 $59,400 $35,000 $24,400
2018 $2,057 $67,160 $35,000 $32,160
2017 $1,766 $31,996 $3,316 $28,680
2016 $1,195 $19,964 $2,604 $17,360
2014 $329 $9,360 $3,400 $5,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6726489

First Multiple Listing Service (FMLS)

APN: 18-064-02-114