J
Seller's Agent in 2025
Jabarri Reed
Keller Williams West Atlanta
(770) 870-9111
29 Total Sales
6
Beds
2.5
Baths
1,594
Sq Ft
0.38
Acres
Highlights
- City View
- Wooded Lot
- Eat-In Kitchen
- Property is walking distance to MARTA
- Traditional Architecture
- 5-minute walk to Melvin Drive Park
About This Home
As of August 2025A high-performance turnkey 9.5% cap income-producing property on the PadSplit Coliving platform generating over $59,000 in rent annually, $36,000 after expenses. This home is sold with a master lease to a corporate tenant with over 12 years of experience owning and operating assets like this. Living room and dining room currently repurposed as bedrooms. This amazing coliving opportunity helps people to save money, live closer to work, and enjoy a comfortable, affordable lifestyle. An experienced third-party property manager is also available, making this property ideal for any investor, no matter their capacity.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,734
Year Built
- Built in 1962
Lot Details
- 0.38 Acre Lot
- Private Entrance
- Level Lot
- Wooded Lot
- Back and Front Yard
Parking
- 2 Carport Spaces
Home Design
- Traditional Architecture
- Split Level Home
- Slab Foundation
- Shingle Roof
- Composition Roof
- Four Sided Brick Exterior Elevation
Interior Spaces
- 1,594 Sq Ft Home
- Roommate Plan
- Laminate Flooring
- City Views
- Fire and Smoke Detector
Kitchen
- Eat-In Kitchen
- Electric Oven
- Electric Cooktop
- Range Hood
- Microwave
- Wood Stained Kitchen Cabinets
Bedrooms and Bathrooms
Laundry
- Laundry on lower level
- Dryer
- Washer
Outdoor Features
- Rain Gutters
Location
- Property is walking distance to MARTA
- Property is near schools
- Property is near shops
Schools
- R. N. Fickett Elementary School
- Ralph Bunche Middle School
- D. M. Therrell High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Community Details
- Ole Fairburn Village Subdivision
- Laundry Facilities
Listing and Financial Details
- Legal Lot and Block 2 / B
- Assessor Parcel Number 14F000800040250
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 28, 2024
Closed on
Sep 9, 2024
Sold by
Southern State Investments Llc
Bought by
Westessa Homes Llc
Seller's Agent
Anthony Fontana
Cornerstone Real Estate Partners, LLC
Buyer's Agent
Chance Bridges
New Western Acquisitions
List Price
$220,000
Sold Price
$210,000
Premium/Discount to List
-$10,000
-4.55%
Views
59
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
70.79%
Original Mortgage
$197,100
Outstanding Balance
$33,739
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$324,915
Purchase Details
Listed on
Jul 28, 2024
Closed on
Aug 15, 2024
Sold by
Sk Schilling Properties Llc
Bought by
Southern State Investments Llc
Seller's Agent
Anthony Fontana
Cornerstone Real Estate Partners, LLC
Buyer's Agent
Chance Bridges
New Western Acquisitions
List Price
$220,000
Sold Price
$210,000
Premium/Discount to List
-$10,000
-4.55%
Views
59
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,100
Outstanding Balance
$33,739
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$324,915
Purchase Details
Closed on
Dec 6, 2019
Sold by
Bx3 Llc
Bought by
Cz4 Llc
Purchase Details
Listed on
Aug 10, 2019
Closed on
Sep 3, 2019
Sold by
Glover William
Bought by
Bx3 Llc
Seller's Agent
Marcellus Jackson
NOT A VALID MEMBER
Buyer's Agent
Michael Brock
Foundations Realty Group, LLC
List Price
$145,000
Sold Price
$140,000
Premium/Discount to List
-$5,000
-3.45%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.91%
Original Mortgage
$146,178
Interest Rate
3.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Purchase Details
Closed on
Feb 6, 1998
Sold by
Hill Willie E and Hill Harvena
Bought by
Glover William and Glover Bernice F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,200
Interest Rate
10.37%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $219,000 | -- | |
| Warranty Deed | $210,000 | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $140,000 | -- | |
| Deed | $121,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $197,100 | New Conventional | |
| Previous Owner | $146,178 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $132,296 | Stand Alone Second | |
| Previous Owner | $123,250 | Stand Alone Second | |
| Previous Owner | $113,323 | Credit Line Revolving | |
| Previous Owner | $103,200 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2025 08/01/25 | Sold | $380,000 | +4.1% | $122 / Sq Ft |
| 05/15/2025 05/15/25 | Price Changed | $365,000 | -2.7% | $117 / Sq Ft |
| 05/09/2025 05/09/25 | Pending | -- | -- | -- |
| 03/03/2025 03/03/25 | Price Changed | $375,000 | -5.1% | $121 / Sq Ft |
| 02/13/2025 02/13/25 | For Sale | $395,000 | +88.1% | $127 / Sq Ft |
| 09/09/2024 09/09/24 | Sold | $210,000 | -4.5% | $132 / Sq Ft |
| 08/05/2024 08/05/24 | Pending | -- | -- | -- |
| 07/28/2024 07/28/24 | For Sale | $220,000 | -45.0% | $138 / Sq Ft |
| 04/25/2022 04/25/22 | Sold | $400,000 | +5.3% | $251 / Sq Ft |
| 04/22/2022 04/22/22 | For Sale | $380,000 | +171.4% | $238 / Sq Ft |
| 09/03/2019 09/03/19 | Sold | $140,000 | -3.4% | $88 / Sq Ft |
| 08/14/2019 08/14/19 | Pending | -- | -- | -- |
| 08/10/2019 08/10/19 | For Sale | $145,000 | -- | $91 / Sq Ft |
Source: First Multiple Listing Service (FMLS)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $3,828 | $101,080 | $20,280 | $80,800 |
| 2023 | $4,370 | $105,560 | $17,080 | $88,480 |
| 2022 | $2,266 | $56,000 | $7,640 | $48,360 |
| 2021 | $1,734 | $56,000 | $7,640 | $48,360 |
| 2020 | $1,950 | $56,000 | $7,640 | $48,360 |
| 2019 | $358 | $62,480 | $8,560 | $53,920 |
| 2018 | $465 | $52,600 | $5,680 | $46,920 |
| 2017 | $33 | $22,000 | $3,760 | $18,240 |
| 2016 | $33 | $22,000 | $3,760 | $18,240 |
| 2015 | $401 | $22,000 | $3,760 | $18,240 |
| 2014 | $26 | $22,000 | $3,760 | $18,240 |
Source: Public Records
Agents Affiliated with this Home
-
Jabarri Reed
-
Anthony Fontana
Seller's Agent in 2024
Anthony Fontana
Cornerstone Real Estate Partners, LLC
(757) 646-6860
198 Total Sales
-
Chance Bridges
C
Buyer's Agent in 2024
Chance Bridges
New Western Acquisitions
(770) 635-8785
22 Total Sales
-
Allison Haywood
A
Seller's Agent in 2022
Allison Haywood
Bolst, Inc.
(678) 628-9204
85 Total Sales
-
Michael O'Connor
Buyer's Agent in 2022
Michael O'Connor
Cornerstone Real Estate Partners, LLC
(704) 998-8719
25 Total Sales
-
M
Seller's Agent in 2019
Marcellus Jackson
NOT A VALID MEMBER
Source: First Multiple Listing Service (FMLS)
MLS Number: 7035181
APN: 14F-0008-0004-025-0
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