NOT LISTED FOR SALE

389 Mimosa Dr Buford, GA 30518

Estimated Value: $414,130 - $518,000

4 Beds
3 Baths
1,914 Sq Ft
$243/Sq Ft Est. Value

Last Sold March 08, 2022

Last sale price $405,000 $212 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,703/month

Highlights

  • Property is near schools
  • Central Heating and Cooling System
  • 4-minute walk to Ivy Creek Greenway
  • Buford Elementary School Rated A

About This Home

As of March 2022

Location, Location, Location!!! A rare investment opportunity. Duplex, Corner Lot, Newer roof, and HVAC. Walk to Buford High or nearby shopping, restaurants and Historic Buford. Each unit is a 2 bedroom, 1.5 bath, back deck, shed for storage, and laundry room. The potential estimated rent is $1500-$1600 per unit. The total estimated potential income is $3000 to $3200 per month. Showings are available daily from 9am to 5pm only. Snap this one up.

Last Agent to Sell the Property

Amy Fuchs

Keller Williams Realty Atl. Partners License #351154 Listed on: 11/04/2021

Keller Williams Realty Atl. Partners

Last Buyer's Agent

Abbie Shepherd

Keller Williams Realty License #311455

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $858

Year Built

  • Built in 1970

Lot Details

  • 9,148

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation

Parking

  • 3 Parking Spaces
  • Parking Pad

Location

  • Property is near schools
  • Property is near shops

Schools

  • Buford Elementary And Middle School
  • Buford High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • 2-Story Property
  • 9,148 Sq Ft Lot

Listing and Financial Details

  • The owner pays for sewer, water

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Units
  • Richard Howard Properties Subdivision

Building Details

  • Insurance Expense $600
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$858

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1970
  • Financing Type: Conventional
  • Levels: Two
  • Lot Size Acres: 0.21
  • Structure Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: None
  • Price Per Square Foot: 1928571

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Slab
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Parking Pad
  • ParkingTotal: 3

Utilities

  • Cooling: Central Air, Electric
  • Heating: Natural Gas, Central
  • Sewer: Public Sewer
  • Utilities: Other
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Community Features: Street Lights, Walk To Schools, Walk To Shopping

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Buford
  • High School: Buford
  • High School Bus: Yes
  • Middle School: Buford
  • Middle School Bus: Yes
  • Elementary School: Buford
  • Middle School: Buford
  • High School: Buford

Lot Info

  • Deed Book: 28804
  • Deed Page: 130

Rental Info

  • Owner Pays: Sewer, Water

Tax Info

  • Year: 2021
  • Tax Annual Amount: 858

Multi Family

  • GrossIncome: 36000
  • InsuranceExpense: 600
  • NumberOfUnitsTotal: 2

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2021
Closed on
Mar 8, 2022
Sold by
Zacmac Properties Llc
Bought by
Shepherd Abbie and Shepherd Thomas
Seller's Agent
Amy Fuchs
Keller Williams Realty Atl. Partners
Buyer's Agent
Abbie Shepherd
Keller Williams Realty
List Price
$400,000
Sold Price
$405,000
Premium/Discount to List
$5,000
1.25%
Current Estimated Value
$461,558

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,558
Avg. Annual Appreciation
3.92%

Purchase Details

Closed on
Jul 10, 2012
Sold by
Chinoy Carl H
Bought by
Zacmac Properties Llc

Purchase Details

Closed on
Aug 6, 2002
Sold by
Patton George B
Bought by
Chinoy Carl H and Chinoy Marissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
5.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 18, 2001
Sold by
Schweitzer Raymond and Schweitzer Edwina
Bought by
Patton George B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,500
Interest Rate
7.06%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Shepherd Abbie $405,000 --
Zacmac Properties Llc -- --
Chinoy Carl H $140,000 --
Patton George B $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chinoy Carl H $112,000
Previous Owner Patton George B $85,500
Previous Owner Richardson Housing Grp Inc $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2022 03/08/22 Sold $405,000 0.0% $212 / Sq Ft
03/08/2022 03/08/22 Sold $405,000 +1.3% $212 / Sq Ft
01/28/2022 01/28/22 Pending -- -- --
01/25/2022 01/25/22 For Sale $400,000 0.0% $209 / Sq Ft
01/25/2022 01/25/22 For Sale $400,000 0.0% $209 / Sq Ft
01/02/2022 01/02/22 Pending -- -- --
12/30/2021 12/30/21 Price Changed $400,000 0.0% $209 / Sq Ft
12/30/2021 12/30/21 For Sale $400,000 -4.8% $209 / Sq Ft
11/04/2021 11/04/21 For Sale $420,000 -- $219 / Sq Ft
11/04/2021 11/04/21 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
2023 $1,830 $86,720 $21,600 $65,120
2022 $1,510 $105,200 $18,000 $87,200
2021 $858 $59,760 $12,000 $47,760
2020 $858 $59,760 $12,000 $47,760
2019 $699 $53,960 $12,000 $41,960
2018 $689 $53,200 $12,000 $41,200
2016 $497 $38,800 $8,000 $30,800
2015 $443 $33,360 $6,600 $26,760
2014 $450 $33,360 $6,600 $26,760
Source: Public Records

Agents Affiliated with this Home

  • Amy Fuchs

    Seller's Agent in 2022

    Amy Fuchs

    Keller Williams Realty Atl. Partners

    (404) 439-1031

    3 in this area

    43 Total Sales

    Section Image
  • Abbie Shepherd

    Buyer's Agent in 2022

    Abbie Shepherd

    Keller Williams Realty Peachtree Rd.

    (404) 275-5561

    2 in this area

    211 Total Sales

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Map

Source: Georgia MLS

MLS Number: 9077461

Georgia MLS

APN: 7-295C-054

Georgia Gwinnett County Buford 30518

389 Mimosa Dr, Buford, GA

This home is located at 389 Mimosa Dr, Buford, GA 30518 since 04 November 2021 and is currently estimated at $465,533, approximately $243 per square foot. This property was built in 1970. 389 Mimosa Dr is a home located in Gwinnett County with nearby schools including Buford Elementary School, Buford Senior Academy, and Buford Academy.

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