NOT LISTED FOR SALE

402 Mcgill Place NE Atlanta, GA 30312

Old Fourth Ward Neighborhood

Estimated Value: $253,000 - $280,000

2 Beds
1.5 Baths
960 Sq Ft
871 Sq Ft Lot

Last Sold May 04, 2023

Last sale price $280,000 $292 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $1,549/month

5 Days on Market

Highlights

  • No Units Above
  • Gated Community
  • Deck
  • Midtown High School Rated A+
  • Clubhouse
  • Main Floor Primary Bedroom

About This Home

As of May 2023

Fabulous condo in the coveted McGill Place community in Old Fourth Ward. Rare 2 bedroom 1 1/2 bathroom with new flooring and no popcorn ceiling! Fresh paint throughout. Open concept with oversized dining and living room. Kitchen features solid surface countertops and a pass through to the living room with a fireplace. Primary bedroom features a lovely bay window and provides an abundance of natural light. This unit features ample closet space plus a storage closet off of the deck. Screened porch perfect for morning coffee year-round. This gated community is truly one of a kind. One deeded parking space plus one registered guest space. It is in the heart of the city and features a pool, green space, and clubhouse. McGill Place is centrally located to everything you could want. You are just a short walk to the Beltline, Krog and Ponce City Markets, and Inman Park. Easy access to Midtown, Downtown, restaurants, shopping and 4 blocks from Marta. This is a rare top floor end unit and is a must see!

Last Agent to Sell the Property

Laura Green

Harry Norman Realtors License #373090 Listed on: 04/05/2023

Harry Norman Realtors

Last Buyer's Agent

Zoe Wilkerson

RE/MAX Metro Atlanta Cityside License #376482

RE/MAX Metro Atlanta Cityside

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,462

Year Built

  • Built in 1987

Lot Details

  • No Units Above
  • End Unit

Home Design

  • Composition Roof

Interior Spaces

  • 960 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Bay Window
  • Family Room
  • Laminate Flooring

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Walk-In Pantry
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Assigned Parking

Outdoor Features

  • Balcony
  • Deck

Schools

  • Hope Hill Elementary School
  • David T Howard Middle School
  • Midtown High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 74

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include maintenance exterior, ground maintenance, reserve fund, sewer, trash, water
  • Mid-Rise Condominium
  • Mcgill Place Subdivision

Recreation

  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,462

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1987
  • ArchitecturalStyle: Other
  • Main Level Half Bathrooms: 1
  • Financing Type: Conventional
  • Levels: Two
  • Lot Size Acres: .02
  • Property Sub-Type: Condominium
  • Structure Type: Mid Rise
  • Total Finished Area2: 960
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Refrigerator, Washer
  • Bedrooms: 2
  • Basement: None
  • Total Finished Sq Ft: 960
  • Above Grade Finished Sq Ft: 960
  • Interior Amenities: Master On Main Level
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Fireplace Features: Gas Log
  • Flooring: Laminate
  • Kitchen Features: Breakfast Area, Breakfast Bar, Walk-in Pantry
  • Window Features: Bay Window(s)

Beds/Baths

  • Main Level Full Bathrooms: 1
  • Bedroom Main Level: 2

Exterior Features

  • Common Walls: End Unit, No One Above
  • Construction Materials: Other
  • ExteriorFeatures: Balcony
  • Lot Features: None
  • Patio And Porch Features: Deck
  • Property Condition: Resale
  • Roof: Composition

Garage/Parking

  • Parking Features: Assigned
  • ParkingTotal: 1

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air, Natural Gas
  • Laundry Features: Other
  • Security Features: Gated Community
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Sewer Available, Underground Utilities, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Community Features: Clubhouse, Gated, Pool, Street Lights

Fee Information

  • Association Fee Includes: Maintenance Exterior, Maintenance Grounds, Reserve Fund, Sewer, Trash, Water

Schools

  • Elementary School: Hope Hill
  • High School: Midtown
  • High School Bus: No
  • Middle School: David T Howard
  • Middle School Bus: No

Lot Info

  • Land Lot: 74

Multi Family

  • Total Fireplaces: 1

Tax Info

  • Year: 2022
  • Tax Annual Amount: 1462

MLS Schools

  • Elementary Bus Line: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2023
Closed on
May 4, 2023
Sold by
Arnold Joseph
Bought by
Gratskaya Elena
Seller's Agent
Laura Green
Harry Norman Realtors
Buyer's Agent
Zoe Wilkerson
RE/MAX Metro Atlanta Cityside
List Price
$280,000
Sold Price
$280,000
Views
120
Current Estimated Value
$261,577

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,423
Avg. Annual Appreciation
-0.39%
Original Mortgage
$230,000
Outstanding Balance
$223,475
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$53,656

Purchase Details

Listed on
May 30, 2018
Closed on
Jun 22, 2018
Sold by
Daniel Yu
Bought by
Arnold Joseph
Seller's Agent
Hailey Koo
Keller Williams Realty Atlanta Partners
Buyer's Agent
Kyle Jackson
Compass
List Price
$190,000
Sold Price
$192,000
Premium/Discount to List
$2,000
1.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.06%
Original Mortgage
$172,800
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 17, 2012
Closed on
Aug 30, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Yu Daniel and Yu Elly
Seller's Agent
RUTHANN S DAVIES
NOT A VALID MEMBER
Buyer's Agent
David Herren
Best Atlanta Properties, LLC.
List Price
$60,500
Sold Price
$59,500
Premium/Discount to List
-$1,000
-1.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.34%

Purchase Details

Closed on
May 1, 2012
Sold by
Wells Fargo Bank Na
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Feb 25, 1999
Sold by
Alexander Jo Ann
Bought by
Hobbs Willie R and Hobbs Barbara H

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
6.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 25, 1996
Sold by
Mangum Myrtes W
Bought by
Alexander Joann
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
Gratskaya Elena $280,000 --
Arnold Joseph -- --
Arnold Joseph $192,000 --
Yu Daniel $59,500 --
Federal Home Loan Mortgage Corporation $51,288 --
Wells Fargo Bank Na $51,288 --
Hobbs Willie R $129,000 --
Alexander Joann $92,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gratskaya Elena $230,000
Previous Owner Arnold Joseph $172,800
Previous Owner Hobbs Willie R $103,200
Closed Alexander Joann $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/04/2023 05/04/23 Sold $280,000 0.0% $292 / Sq Ft
04/10/2023 04/10/23 Pending -- -- --
04/05/2023 04/05/23 For Sale $280,000 +45.8% $292 / Sq Ft
06/22/2018 06/22/18 Sold $192,000 +1.1% $200 / Sq Ft View Prior Sale
06/01/2018 06/01/18 Pending -- -- --
05/30/2018 05/30/18 For Sale $190,000 +219.3% $198 / Sq Ft
08/30/2012 08/30/12 Sold $59,500 -1.7% $62 / Sq Ft View Prior Sale
06/05/2012 06/05/12 Pending -- -- --
05/17/2012 05/17/12 For Sale $60,500 -- $63 / Sq Ft
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 $2,087 $114,800 $13,600 $101,200
2023 $3,875 $93,600 $14,120 $79,480
2022 $1,462 $88,960 $10,680 $78,280
2021 $1,387 $86,360 $10,360 $76,000
2020 $1,232 $79,720 $11,720 $68,000
2019 $111 $73,080 $11,440 $61,640
2018 $1,093 $59,480 $6,520 $52,960
2017 $642 $44,840 $5,360 $39,480
2016 $639 $44,840 $5,360 $39,480
2015 $687 $44,840 $5,360 $39,480
2014 $49 $29,600 $4,440 $25,160
Source: Public Records

Agents Affiliated with this Home

  • Laura Green

    Seller's Agent in 2023

    Laura Green

    Harry Norman Realtors

    (404) 285-2918

    1 in this area

    102 Total Sales

    Laura Green
    Section Image
  • Zoe Wilkerson

    Buyer's Agent in 2023

    Zoe Wilkerson

    RE/MAX

    (470) 428-5676

    2 in this area

    36 Total Sales

    Zoe Wilkerson
    Section Image
  • Hailey Koo

    Seller's Agent in 2018

    Hailey Koo

    Keller Williams Realty Atlanta Partners

    (404) 213-4282

    55 Total Sales

    Hailey Koo
    Section Image
  • Kyle Jackson

    Buyer's Agent in 2018

    Kyle Jackson

    Compass

    (404) 989-8300

    12 in this area

    93 Total Sales

    Kyle Jackson
    Section Image

  • R

    Seller's Agent in 2012

    RUTHANN S DAVIES

    NOT A VALID MEMBER

  • B

    Seller Co-Listing Agent in 2012

    BRIDGETT LEWIS

    NOT A VALID MEMBER

    Section Image
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Map

Source: Georgia MLS

MLS Number: 10146339

Georgia MLS

APN: 14-0047-0011-022-7

Georgia Fulton County Atlanta 30312 Old Fourth Ward

402 Mcgill Place NE, Atlanta, GA

Not Listed for Sale

Condos

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