NOT LISTED FOR SALE

Estimated Value: $432,000 - $646,000

8 Beds
5 Baths
1,200 Sq Ft
$429/Sq Ft Est. Value

Last Sold February 22, 2019

Last sale price $290,000 $242 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $3,191/month

128 Days on Market

Highlights

  • Deck
  • Traditional Architecture
  • No HOA
  • Johnnie Lay Burks Elementary School Rated A-
  • Wood Flooring
  • Screened Porch

About This Home

As of February 2019

One of the most centrally located Four-Plexes in Athens, Georgia this little gem of an investment property is income producing with the real chance of long term value escalation due to its location. Just blocks from Milledge Avenue and the heart of the University of Georgia campus The Plaza is adjacent to many of the most classic and expensive homes in the historic Cobbham neighborhood. This renovated building is broken into a One bed/One bath, One bed/One bath, Two bed/One bath, and a Four bed/Two bath. Own the whole thing and let the checks just arrive monthly, or if you're interesting in using any of the aforementioned units yourself then let your neighbors pay your mortgage ! Check the map and check the numbers and you will see why 323 The Plaza is what savvy investors are looking for in the heart of Athens!

Last Agent to Sell the Property

Reign Streiter

Give Back Real Estate Listed on: 09/17/2018

Last Buyer's Agent

Ed Townsend

Lyon Realty Associates License #282054

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,694

Year Built

  • Built in 1930

Lot Details

  • 7,405

Home Design

  • Traditional Architecture

Interior Spaces

  • 2-Story Property
  • Screened Porch
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Full Bathrooms

Parking

  • 8 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Deck

Schools

  • Chase Street Elementary School
  • Clarke Middle School
  • Clarke Central High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • Heat Pump System

Community Details

  • No Home Owners Association
  • 4 Units
  • General Hospital Area Subdivision

Listing and Financial Details

  • Assessor Parcel Number 122B3 F022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,694

Year Built

Built in 1930

Lot Details

0

Listing Details

  • GarageYN: No
  • Inclusions: Ceiling Fans
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Year Built: 1930
  • Subdivision Name: General Hospital Area
  • Architectural Style: Traditional
  • Reso Flooring: Carpet, Tile, Vinyl, Wood
  • Reso Interior Features: Ceiling Fan(s), Pantry
  • Property Sub Type Additional: Quadruplex
  • Special Features: None

Interior Features

  • Basement: Bathroom, Full
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 8
  • Stories: 2

Exterior Features

  • Acres: 0.17
  • Home Warranty: No
  • Exterior Features: Deck, Other, Porch
  • Patio And Porch Features: Deck, Porch, Screened

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 8.0

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Gas, Heat Pump
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Schools

  • Middle Or Junior School: Clarke Middle

Lot Info

  • Lot Size Area: 0.17
  • Parcel Number: 122B3 F022
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Chase Street
  • HighSchool: Clarke Central

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2022
Sold by
Rlredd Enterprises Llc
Bought by
Thomas Michelle
Current Estimated Value
$514,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Outstanding Balance
$153,801
Interest Rate
4.99%
Mortgage Type
New Conventional
Estimated Equity
$360,517

Purchase Details

Closed on
Dec 14, 2021
Sold by
Redd Richard L
Bought by
Rlredd Enterprises Llc

Purchase Details

Listed on
Sep 17, 2018
Closed on
Feb 22, 2019
Sold by
Tucker James A
Bought by
Redd Richard L
Seller's Agent
Reign Streiter
Give Back Real Estate
Buyer's Agent
Ed Townsend
Lyon Realty Associates
List Price
$299,900
Sold Price
$290,000
Premium/Discount to List
-$9,900
-3.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.08%

Purchase Details

Closed on
Dec 17, 2009
Sold by
Aurora Loan Svcs Llc
Bought by
Tucker James A

Purchase Details

Closed on
Oct 6, 2009
Sold by
Louise Foletta Anne
Bought by
Aurora Loan Svcs Llc

Purchase Details

Closed on
Apr 15, 2005
Sold by
James John H
Bought by
Foletta Anne L

Purchase Details

Closed on
Mar 25, 2002
Sold by
Meldron Inc
Bought by
James John H

Purchase Details

Closed on
Jun 12, 1998
Sold by
Faulkner Allegood R and Faulkner Jeffrey E
Bought by
Meldron Inc

Purchase Details

Closed on
Jan 30, 1998
Sold by
Tatum Joey
Bought by
Faulkn Allegood R and Faulkn Jeffrey E

Purchase Details

Closed on
Sep 30, 1992
Sold by
Velez James
Bought by
Tatum Joey

Purchase Details

Closed on
Sep 13, 1991
Sold by
Ledbetter Jessie
Bought by
Velez James

Purchase Details

Closed on
Aug 22, 1991
Sold by
Velez James
Bought by
Ledbetter Jessie

Purchase Details

Closed on
Apr 18, 1991
Sold by
Thompson Olivia
Bought by
Velez James

Purchase Details

Closed on
Apr 4, 1989
Sold by
Walker Cora L
Bought by
Thompson Olivia
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
Thomas Michelle $344,000 --
Rlredd Enterprises Llc -- --
Rlredd Llc -- --
Redd Richard L $290,000 --
Tucker James A $85,500 --
Aurora Loan Svcs Llc $113,288 --
Foletta Anne L $110,000 --
James John H $105,000 --
Meldron Inc $59,000 --
Faulkn Allegood R $65,000 --
Tatum Joey $26,000 --
Velez James -- --
Ledbetter Jessie $21,000 --
Velez James $15,000 --
Thompson Olivia $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas Michelle $344,000
Previous Owner Aurora Loan Svcs Llc $650,269
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2019 02/22/19 Sold $290,000 -3.3% $242 / Sq Ft
01/23/2019 01/23/19 Pending -- -- --
09/17/2018 09/17/18 For Sale $299,900 -- $250 / Sq Ft
Source: Savannah Multi-List Corporation

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 $5,694 $171,791 $36,000 $135,791
2023 $5,368 $154,376 $32,000 $122,376
2022 $5,670 $177,737 $32,000 $145,737
2021 $4,400 $130,565 $30,000 $100,565
2020 $3,906 $115,910 $30,000 $85,910
2019 $3,157 $92,977 $30,000 $62,977
2018 $2,936 $86,488 $30,000 $56,488
2017 $2,580 $75,980 $20,000 $55,980
2016 $2,415 $71,131 $16,000 $55,131
2015 $2,367 $69,603 $16,000 $53,603
2014 $1,234 $36,239 $13,000 $23,239
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Savannah Multi-List Corporation

MLS Number: CM964874

Savannah Multi-List Corporation

APN: 122B3-F-022