NOT LISTED FOR SALE

420 Cornwallis Way Fayetteville, GA 30214

Estimated Value: $107,000 - $258,000

3 Beds
2 Baths
1,294 Sq Ft
$138/Sq Ft Est. Value

Last Sold November 15, 2023

Last sale price $70,000 $54 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $1,067/month

10 Days on Market

Highlights

  • 1 Fireplace
  • No HOA
  • Garage
  • Spring Hill Elementary School Rated A-
  • 1-Story Property

About This Home

As of November 2023

Adams AMI was proud to work on this property and help the seller sell what many believed to be a house that needed "too much work". The seller received 44 offers, out of which 43 were cash offers and one was a hard money offer, with bids ranging from $15,000 to $70,000. The co-op REALTORS worked hard to secure the best deal for their clients, and we are grateful to everyone who submitted an offer. If you're facing a similar challenge, reach out to Kelly Cooley at Adams AMI. The Adams AMI team is very familiar with marketing and selling distressed assets and will bring our expertise to the table to help with your project too...........What a great buy in the city limits of Fayetteville. This is Lafayette Garden Homes community. A great community with high demand. Check this out. This home unfortunately suffered a fire. Grab your favorite home inspector or contractor, crunch numbers and see if it's a good buy for you. It may be a tear down and you would build new. It may be salvageable and you would repair & remodel. At this price, it makes good sense to pursue it with the values in the community. The seller is selling as-is without access for your safety. There is a safety waiver to sign before going to the property, even though access is not permitted. We encourage all questions and are here to help. (cameras in use. do not go behind fence)

Last Listed By

Kelly Adams Cooley

Adams Asset Management Inc. License #161116 Listed on: 09/25/2023

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1990

Lot Details

  • 0.53

Parking

  • Garage

Home Design

  • Fixer Upper
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,294 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Schools

  • Spring Hill Elementary School
  • Bennetts Mill Middle School
  • Fayette County High School

Additional Features

  • 0.53 Acre Lot
  • No Heating

Community Details

  • No Home Owners Association
  • Lafayette Garden Homes Subdivision

Home Details

Home Type

Single Family

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1990
  • Financing Type: Cash
  • Levels: One
  • Lot Size Acres: .53
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 1294
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: None
  • Bedrooms: 3
  • Basement: None
  • Total Finished Sq Ft: 1294
  • Above Grade Finished Sq Ft: 1294
  • Interior Amenities: Other
  • Full Bathrooms: 2
  • Flooring: Other
  • Price Per Square Foot: 23.1066

Beds/Baths

  • Main Level Full Bathrooms: 2
  • Bedroom Main Level: 3

Exterior Features

  • Construction Materials: Vinyl Siding
  • Lot Features: Other
  • Property Condition: Fixer
  • Roof: Composition

Garage/Parking

  • Parking Features: Attached, Garage

Utilities

  • Cooling: None
  • Heating: None
  • Laundry Features: Other
  • Sewer: Public Sewer
  • Utilities: None
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Spring Hill
  • High School: Fayette County
  • Middle School: Bennetts Mill
  • Elementary School: Spring Hill
  • Middle School: Bennetts Mill
  • High School: Fayette County

Lot Info

  • Deed Book: 5145
  • Deed Page: 485

Multi Family

  • Total Fireplaces: 1

Tax Info

  • Year: 2022
  • Tax Annual Amount: 2325

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2023
Closed on
Oct 31, 2023
Sold by
Progress Residential Borrower 16 Llc
Bought by
Hernandez Miguel
Seller's Agent
Kelly Adams Cooley
Adams Asset Management Inc.
Buyer's Agent
Jenny Caceres
CENTURY 21 NUWAY REALTY
List Price
$29,900
Sold Price
$70,000
Premium/Discount to List
$40,100
134.11%
Total Days on Market
10
Views
372
Current Estimated Value
$179,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,176
Avg. Annual Appreciation
65.27%

Purchase Details

Closed on
May 6, 2021
Sold by
Progress Atlanta Llc
Bought by
Progress Residential Borrower 16 Llc

Purchase Details

Closed on
Nov 6, 2020
Sold by
Lunsford Sandra B
Bought by
Progress Atlanta Llc

Purchase Details

Closed on
Apr 28, 2000
Sold by
Acheson Margo and Acheson Patsy A
Bought by
Baker Frances D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
8.24%
Mortgage Type
New Conventional

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
Hernandez Miguel $70,000 None Listed On Document
Progress Residential Borrower 16 Llc -- --
Progress Atlanta Llc $162,000 --
Baker Frances D $109,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baker Frances $100,000
Previous Owner Baker Frances D $15,000
Previous Owner Lunsford Sandra B $75,000
Previous Owner Baker Frances D $52,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2023 11/15/23 Sold $70,000 +134.1% $54 / Sq Ft
10/05/2023 10/05/23 Pending -- -- --
09/25/2023 09/25/23 For Sale $29,900 -- $23 / 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
2024 $832 $28,000 $12,280 $15,720
2023 $2,764 $90,800 $14,000 $76,800
2022 $1,862 $72,080 $14,000 $58,080
2021 $1,814 $58,920 $14,000 $44,920
2020 $605 $59,440 $10,000 $49,440
2019 $512 $50,200 $10,000 $40,200
2018 $463 $45,640 $8,000 $37,640
2017 $331 $39,440 $8,000 $31,440
2016 $293 $33,920 $8,000 $25,920
2015 $329 $36,880 $9,600 $27,280
2014 $309 $33,560 $9,600 $23,960
2013 -- $33,840 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 20148762

Georgia MLS

APN: 05-22-12-010