NOT LISTED FOR SALE

40 Blessed Way Rock Spring, GA 30739

Rock Spring Neighborhood

Estimated Value: $202,000 - $611,488

Studio
2 Baths
23,800 Sq Ft
$14/Sq Ft Est. Value

Sale Details

Date Sold: August 6, 2021

Last sale price $430,000 $18 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $2,196 / mo

131 Days on Market

Highlights

  • 10 Acre Lot
  • Clubhouse
  • Central Heating and Cooling System
  • Creek or Stream View
  • No HOA
  • Level Lot

About This Home

As of August 2021

Great investment property in Rock Spring sitting on 10 acres. 12 apartment units. Creek on property, barn and mobile home. Plenty of room for expansion for many more units.

Last Agent to Sell the Property

William Teems

Teems & Teems Realty License #182185 Listed on: 03/05/2021

Last Buyer's Agent

Pamela Fisher

Keller Williams Realty License #334178

Keller Williams Realty

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,790

Year Built

  • Built in 1972

Lot Details

  • 10 Acre Lot
  • Level Lot

Home Design

  • Slab Foundation
  • Shingle Roof
  • Stone

Interior Spaces

  • 23,800 Sq Ft Home
  • 2-Story Property
  • Creek or Stream Views

Schools

  • Rock Spring Elementary School
  • Saddle Ridge Middle School
  • Lafayette High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Utilities Included
  • The owner pays for all utilities
  • Assessor Parcel Number 0337 009b

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Additional Features

  • Clubhouse
  • Gross Income $63,600

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,790

Year Built

Built in 1972

Lot Details

10 Acres

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 10.0
  • Lot Size: 10 acres
  • Subdivision Name: None
  • Directions: 27 south to Rock Spring turn left on 95 property on right
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Living Area: 23800.0
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1972
  • Cooling:Electric: Yes
  • Owner Pays:All Utilities: Yes
  • Location Tax and Legal Parcel Number2: 0337 009b
  • Location Tax and Legal Elementary School: Rock Spring Elementary
  • Location Tax and Legal High School: LaFayette High
  • Location Tax and Legal:Tax Annual Amount: 2789.58
  • General Property Information New Construction YN: No
  • General Property Information Home Warranty YN: No
  • General Property Information Carport YN: No
  • General Property Information Lot Size Acres: 10.0
  • General Property Information Lot Size Square Feet2: 435600.0
  • General Property Information Lot Size Dimensions: 10 acres
  • General Property Information View YN2: Yes
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • General Property Information Senior Community YN: No
  • Remarks and Miscellaneous Public Remarks2: Great investment property in Rock Spring sitting on 10 acres. 12 apartment units. Creek on property, barn and mobile home. Plenty of room for expansion for many more units.
  • Cooling:Central Air: Yes
  • Foundation Details Slab: Yes
  • Levels:Two: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Saddle Ridge Middle
  • General Property Information Stories2: 2
  • View CreekStream2: Yes
  • General Property Information Number Of Units Total2: 12.0
  • Special Features: None
  • Stories: 2

Interior Features

  • Owner Pays: All Utilities
  • Basement YN: No
  • Fireplace: No
  • Community Features:Clubhouse: Yes

Exterior Features

  • Lot Features: Level
  • View: Creek/Stream
  • View: Yes
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Fiber Cement, Stone
  • Foundation Details: Slab
  • Roof: Shingle
  • Construction Materials:Fiber Cement: Yes
  • Lot Features:Level: Yes
  • Construction Materials:Stone: Yes

Garage/Parking

  • Attached Garage: No
  • General Property Information:Garage YN: No
  • General Property Information:Attached Garage YN: No

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Community Features: Clubhouse
  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Rock Spring Elementary
  • High School: LaFayette High
  • Middle Or Junior School: Saddle Ridge Middle

Lot Info

  • Lot Size Sq Ft: 435600.0
  • Parcel #: 0337 009b
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: None

Multi Family

  • Number Of Units Total: 12
  • Annual Gross Income: 63600.0

Tax Info

  • Tax Annual Amount: 2789.58

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2023
Sold by
Bought by
Current Estimated Value
$342,163

Purchase Details

Listed on
Mar 5, 2021
Closed on
Aug 6, 2021
Sold by
Bought by
Seller's Agent
William Teems
Teems & Teems Realty
Buyer's Agent
Pamela Fisher
Keller Williams Realty
List Price
$528,000
Sold Price
$430,000
Premium/Discount to List
-$98,000
-18.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.59%
Original Mortgage
$215,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2008
Sold by
Bought by

Purchase Details

Closed on
Jan 15, 2001
Sold by
Bought by

Purchase Details

Closed on
Mar 10, 1999
Sold by
Bought by

Purchase Details

Closed on
Jan 1, 1972
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
$430,000 --
$225,000 --
-- --
$125,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $215,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/06/2021 08/06/21 Sold $430,000 -18.6% $18 / Sq Ft
07/14/2021 07/14/21 Pending -- -- --
03/05/2021 03/05/21 For Sale $528,000 -- $22 / Sq Ft
Source: Greater Chattanooga REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $12,902 $531,577 $49,188 $482,389
2024 $12,297 $482,376 $49,188 $433,188
2023 $12,493 $482,376 $49,188 $433,188
2022 $6,989 $325,912 $49,188 $276,724
2021 $2,635 $102,460 $49,188 $53,272
2020 $2,790 $102,460 $49,188 $53,272
2019 $2,790 $102,460 $49,188 $53,272
2018 $2,711 $102,460 $49,188 $53,272
2017 $2,672 $102,800 $49,188 $53,612
2016 $2,672 $102,800 $49,188 $53,612
2015 -- $102,800 $49,188 $53,612
2014 -- $102,800 $49,188 $53,612
2013 $2,720 $102,800 $49,188 $53,612
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2021

    William Teems

    Teems & Teems Realty

    (423) 413-5755

    8 in this area

    62 Total Sales

    William Teems
    Section Image
  • Pamela Fisher

    Buyer's Agent in 2021

    Pamela Fisher

    Keller Williams Realty

    (423) 605-3473

    4 in this area

    142 Total Sales

    Pamela Fisher
    Section Image
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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1326793

Greater Chattanooga REALTORS®

APN: 0337-009B

Georgia Walker County Rock Spring 30739 Rock Spring

40 Blessed Way, Rock Spring, GA

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