NOT LISTED FOR SALE

370 Gaines School Rd Athens, GA 30605

Estimated Value: $360,000 - $448,000

5 Beds
2 Baths
2,638 Sq Ft
$152/Sq Ft Est. Value

Last Sold January 13, 2022

Last sale price $232,600 $88 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $2,479/month

About This Home

As of January 2022

Leased for 3 years at $1700. Just renovated so sit back and collect your rent! Owner/agent. Tenant handles maintenance except HVAC and Roof. Easy rental, ideal for 1031 Exchange.

Last Agent to Sell the Property

Ellen West

RAC Properties of Athens, Inc. License #407755 Listed on: 05/03/2021

Last Buyer's Agent

Jeff Koon

Stratus Property Group License #294131

Property Details

Property Type

  • Other

Year Built

  • Built in 1950

Lot Details

  • 0.54 Acre Lot
  • Level Lot
  • Zoning described as C-O

Parking

  • Parking Lot

Home Design

  • 2,638 Sq Ft Home
  • Frame Construction

Utilities

  • Central Heating and Cooling System

Property Details

Property Type

Other

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1950
  • Financing Type: Cash
  • Lot Size Acres: 0.54
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Construction Materials: Frame
  • Lot Features: Level
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Parking Lot

Utilities

  • Cooling: Central Air
  • Heating: Electric, Central
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Lot Info

  • Zoning Description: C-O

Building Info

  • BuildingAreaTotal: 2638

Tax Info

  • Year: 2021
  • Tax Annual Amount: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2021
Closed on
Jan 13, 2022
Sold by
Sapphire Properties Lp
Bought by
Stratus Rentals Llc
Seller's Agent
Ellen West
RAC Properties of Athens, Inc.
Buyer's Agent
Jeff Koon
Stratus Property Group
List Price
$275,000
Sold Price
$232,600
Premium/Discount to List
-$42,400
-15.42%
Current Estimated Value
$401,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,949
Avg. Annual Appreciation
14.86%
Original Mortgage
$182,912
Outstanding Balance
$87,859
Interest Rate
3.22%
Mortgage Type
Cash
Estimated Equity
$313,690

Purchase Details

Closed on
Nov 20, 2018
Sold by
Coleman Sarah
Bought by
Sapphire Properties Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,400
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
May 8, 2012
Sold by
Coleman Calvin Donald
Bought by
Coleman Sara Annette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
3.91%

Purchase Details

Closed on
Jun 26, 1992
Sold by
Gay Jimmy A
Bought by
Coleman Calvin D and Colema Annette M

Purchase Details

Closed on
Jul 25, 1989
Sold by
Parker Parker R and Parker Julia A
Bought by
Gay Jimmy A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Stratus Rentals Llc $232,600 --
Sapphire Properties Lp $183,000 --
Coleman Sara Annette $100,000 --
Coleman Calvin D $100,000 --
Gay Jimmy A $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stratus Rentals Llc $182,912
Previous Owner Sapphire Properties Lp $146,400
Previous Owner Coleman Sara Annette $332,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2022 01/13/22 Sold $232,600 -7.0% $88 / Sq Ft
09/27/2021 09/27/21 Price Changed $250,000 +2.0% $95 / Sq Ft
05/30/2021 05/30/21 Price Changed $244,990 -2.0% $93 / Sq Ft
05/09/2021 05/09/21 Price Changed $250,000 -3.8% $95 / Sq Ft
05/03/2021 05/03/21 Price Changed $259,990 -5.5% $99 / Sq Ft
05/03/2021 05/03/21 For Sale $275,000 -- $104 / Sq Ft
05/01/2021 05/01/21 Pending -- -- --
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
2025 $4,416 $142,216 $38,480 $103,736
2024 $4,416 $101,555 $38,480 $63,075
2023 $3,174 $99,706 $38,480 $61,226
2022 $2,996 $93,929 $38,480 $55,449
2021 $3,010 $89,312 $38,480 $50,832
2020 $3,010 $89,312 $38,480 $50,832
2019 $2,485 $86,525 $38,480 $48,045
2018 $2,921 $86,025 $38,480 $47,545
2017 $3,025 $89,104 $41,600 $47,504
2016 $3,025 $89,104 $41,600 $47,504
2015 $3,030 $89,104 $41,600 $47,504
2014 $3,126 $91,795 $61,152 $30,643
Source: Public Records

Agents Affiliated with this Home

  • Ellen West

    Seller's Agent in 2022

    Ellen West

    RAC Properties of Athens, Inc.

    (678) 243-8187

    420 Total Sales

    Ellen West
    Section Image
  • Jeff Koon

    Buyer's Agent in 2022

    Jeff Koon

    Stratus Property Group

    (404) 618-0878

    4 Total Sales

    Jeff Koon
    Section Image
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Map

Source: Georgia MLS

MLS Number: 8971503

Georgia MLS

APN: 233D1-C-009

Georgia Clarke County Athens 30605

370 Gaines School Rd, Athens, GA

Not Listed for Sale

Other

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