NOT LISTED FOR SALE

40 Spence Ave NE Atlanta, GA 30317

East Lake Neighborhood

Estimated Value: $611,173 - $652,000

3 Beds
2 Baths
1,600 Sq Ft
$392/Sq Ft Est. Value

Last Sold October 29, 2019

Last sale price $400,000 $250 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $3,797/month

17 Days on Market

Highlights

  • City View
  • Ranch Style House
  • Bonus Room
  • Oversized primary bedroom
  • Wood Flooring
  • Sun or Florida Room

About This Home

As of October 2019

Charming bungalow with new roof, fresh paint, updated kitchen, and an over-sized master. Beautiful yard with huge storage cottage ready to be finished for additional living space. Solid hardwoods, high end stainless steel appliances, granite counters & amazing breakfast nook. Master suite addition with walk-in Closets, soaking tub, tiled shower, and dual vanities! Property also features an office / 4th bedroom. Plumbing and electrical have been updated throughout. Walk to 2nd & Hosea, Oakhurst Village, East Lake Park, Golf Course & more! Welcome HOME!

Last Agent to Sell the Property

Ben Morris

NOT A VALID MEMBER License #353466 Listed on: 09/15/2019

Last Buyer's Agent

Jonathan Rich

Keller Knapp License #341166

Keller Knapp

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $443

Year Built

  • Built in 1952

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 170 x 50
  • Fenced
  • Level Lot
  • Back and Front Yard

Home Design

  • Ranch Style House
  • Composition Roof
  • Cement Siding

Interior Spaces

  • 1,600 Sq Ft Home
  • Ceiling Fan
  • Awning
  • Insulated Windows
  • Breakfast Room
  • Formal Dining Room
  • Home Office
  • Library
  • Bonus Room
  • Sun or Florida Room
  • Wood Flooring
  • City Views
  • Crawl Space
  • Fire and Smoke Detector
  • Laundry in Hall

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • Oversized primary bedroom
  • 3 Main Level Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom
  • Soaking Tub

Parking

  • 4 Parking Spaces
  • Driveway

Outdoor Features

  • Covered Patio or Porch
  • Outbuilding

Schools

  • Fred A. Toomer Elementary School
  • Martin L. King Jr. Middle School
  • Maynard Jackson High School

Utilities

  • Central Heating and Cooling System
  • 220 Volts
  • Cable TV Available

Community Details

  • Property has a Home Owners Association
  • East Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 15 203 05 049

Home Details

Home Type

Single Family

Est. Annual Taxes

$443

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Condition: Resale
  • Year Built: 1952
  • Levels Stories: One
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Hardwood
  • Appliances: Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Refrigerator
  • Interior Amenities: Double Vanity, Walk-In Closet(s)
  • Basement: Crawl Space
  • Kitchen Features: Breakfast Bar, Breakfast Room, Eat-in Kitchen, Kitchen Island, Solid Surface Counters
  • Common Walls: No Common Walls
  • Additional Rooms: Bonus Room, Library, Office, Sun Room
  • Dining Room Features: Separate Dining Room
  • Square Footage: 1600.00
  • Spa Features: None
  • Window Features: Insulated Windows

Beds/Baths

  • Total Bedrooms: 3
  • Bedroom Features: Master on Main, Oversized Master, Split Bedroom Plan
  • Main Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Baths: 2
  • Main Full Bathrooms: 2
  • Master Bathroom Features: Double Vanity, Separate Tub/Shower, Soaking Tub

Exterior Features

  • Other Structures: Outbuilding
  • Construction Materials: Cement Siding
  • Roof Type: Composition
  • Fencing: Fenced
  • Patio And Porch Features: Covered, Rear Porch
  • Exterior Features: Awning(s)
  • View: City

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Fire Alarm
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central
  • Laundry Features: In Hall
  • Utilities: Cable Available, Electricity Available, Natural Gas Available
  • Electric: 220 Volts

Condo/Co-op/Association

  • Association: Yes
  • Subdivision Complex: East Lake

Schools

  • Elementary School: Fred A. Toomer
  • Middle School: Martin L. King Jr.
  • High School: Maynard Jackson

Lot Info

  • Acres: 0.2000
  • Plat Book: 27603
  • Plat Page: 572
  • Lot Features: Back Yard, Front Yard, Level
  • Lot Dimensions: 170 x 50
  • Parcel Number: 15 203 05 049
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 443.00
  • Assessor Parcel Number: 15-203-05-049
  • Close Date: 2019-10-29
  • Tax Year: 2017

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Fred A. Toomer
  • High School: Maynard Jackson
  • Middle School: Martin L. King Jr.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2019
Closed on
Oct 29, 2019
Sold by
Rh4sale Qt1 Llc
Bought by
Pipkin Luke Thomas and Pipkin Lindsay
Seller's Agent
Ben Morris
NOT A VALID MEMBER
Buyer's Agent
Jonathan Rich
Keller Knapp
List Price
$415,000
Sold Price
$400,000
Premium/Discount to List
-$15,000
-3.61%
Current Estimated Value
$627,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,043
Avg. Annual Appreciation
7.90%
Original Mortgage
$320,000
Outstanding Balance
$282,974
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$342,147

Purchase Details

Closed on
Jun 7, 2019
Sold by
Edwards Valerie J
Bought by
Rh4sale Qt 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,641
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
May 18, 2007
Sold by
French Henry
Bought by
Edwards Valerie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2005
Sold by
Franklin Walter
Bought by
French Winfield

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
5.69%
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
Pipkin Luke Thomas $400,000 --
Rh4sale Qt 1 Llc $343,000 --
Edwards Valerie J $296,000 --
French Winfield $50,000 --
French Henry W $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pipkin Luke Thomas $320,000
Previous Owner Rh4sale Qt 1 Llc $38,641
Previous Owner Rh4sale Qt 1 Llc $277,487
Previous Owner Edwards Valerie J $237,845
Previous Owner Edwards Valerie J $40,700
Previous Owner Edwards Valerie J $248,000
Previous Owner French Henry W $40,000
Previous Owner French Henry W $172,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2019 10/29/19 Sold $400,000 -3.6% $250 / Sq Ft
10/02/2019 10/02/19 Pending -- -- --
09/15/2019 09/15/19 For Sale $415,000 -- $259 / Sq Ft
Source: First Multiple Listing Service (FMLS)

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 -- $196,800 $60,000 $136,800
2023 $4,879 $202,960 $60,000 $142,960
2022 $4,167 $152,400 $38,160 $114,240
2021 $141 $149,520 $38,000 $111,520
2020 $141 $160,000 $38,000 $122,000
2019 $36 $117,440 $30,000 $87,440
2018 $292 $126,960 $30,000 $96,960
2017 $443 $86,000 $23,840 $62,160
2016 $418 $86,000 $23,840 $62,160
2014 $289 $83,480 $23,840 $59,640
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Ben Morris

    NOT A VALID MEMBER

    Section Image
  • Jonathan Rich

    Buyer's Agent in 2019

    Jonathan Rich

    Keller Knapp

    (770) 402-3957

    24 in this area

    249 Total Sales

    Jonathan Rich
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6617865

First Multiple Listing Service (FMLS)

APN: 15-203-05-049

Georgia DeKalb County Atlanta 30317 East Lake

40 Spence Ave NE, Atlanta, GA

This home is located at 40 Spence Ave NE, Atlanta, GA 30317 since 15 September 2019 and is currently estimated at $627,043, approximately $391 per square foot. This property was built in 1952. 40 Spence Ave NE is a home located in DeKalb County with nearby schools including Toomer Elementary School, King Middle School, and Maynard Holbrook Jackson High School.

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