NOT LISTED FOR SALE

4382 Redgate Rd Norcross, GA 30093

Estimated Value: $660,000 - $756,000

Studio
-- Bath
4,800 Sq Ft
$149/Sq Ft Est. Value

Last Sold October 31, 2016

Last sale price $300,000 $62 Per Sq Ft

Est. 138% increase in value since last sale

Current estimated payment $4,777/month

51 Days on Market

Highlights

  • Brick Front
  • Forced Air Heating System
  • Level Lot
  • McClure Health Science High School Rated A-

About This Home

As of October 2016

Excellent Investor Opportunity. Fully Rented! Improve cash flow by managing yourself or continue with existing management company. Two units were recently updated. Opportunity to increase rent as the market rate is trending upward. Convenient to I-85 off of Beaver Ruin (4 minutes off the exit)

Last Agent to Sell the Property

Mark Ellsworth

NOT A VALID MEMBER License #369107 Listed on: 06/01/2016

NOT A VALID MEMBER

Last Buyer's Agent

NON-MLS NMLS

Non FMLS Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,354

Year Built

  • Built in 1984 | Remodeled

Lot Details

  • 0.5 Acre Lot
  • Level Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Brick Front

Parking

  • 2 Parking Spaces
  • Varies By Unit

Schools

  • Hopkins Elementary School
  • Lilburn Middle School
  • Norcross High School

Utilities

  • Forced Air Heating System
  • Private Water Source

Community Details

  • 4 Units
  • Redgate Commons Subdivision

Listing and Financial Details

  • Assessor Parcel Number R6184 102

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,354

Year Built

Built in 1984 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Quadruplex
  • Property Condition: Updated/Remodeled
  • Year Built: 1984
  • Special Features: None

Property Details

  • Property: Residential Income

Exterior Features

  • Construction Materials: Brick Front
  • Roof Type: Composition

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking Features: Varies by Unit

Utilities

  • Sewer: Public Sewer
  • Water Source: Private
  • Heating: Electric, Forced Air

Condo/Co-op/Association

  • Subdivision Complex: Redgate Commons

Lot Info

  • Acres: 0.5000
  • Lot Features: Level
  • Parcel Number: R6184 102
  • Property Attached Yn: No

Tax Info

  • Taxes: 4354.00
  • Tax Year: 2015

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Hopkins
  • High School: Norcross
  • Middle School: Lilburn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2016
Closed on
Oct 31, 2016
Sold by
Sarvesh Jain
Bought by
Howard Eric and Howard Monique
Seller's Agent
Mark Ellsworth
NOT A VALID MEMBER
Buyer's Agent
NON-MLS NMLS
Non FMLS Member
List Price
$295,000
Sold Price
$300,000
Premium/Discount to List
$5,000
1.69%
Current Estimated Value
$714,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$414,229
Avg. Annual Appreciation
9.79%
Original Mortgage
$225,000
Outstanding Balance
$179,664
Interest Rate
3.42%
Mortgage Type
Commercial
Estimated Equity
$534,565

Purchase Details

Closed on
Jan 19, 2015
Sold by
Ceres Capital Investments Llc
Bought by
Jain Sarvesh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,750
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 31, 2012
Sold by
Vamulapalli Sreenath
Bought by
Ceres Capital Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 29, 2001
Sold by
Gwinco Assoc Inc
Bought by
Friedman Steven A and Friedman Lee A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,300
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 4, 2001
Sold by
Mccoy Donald R
Bought by
Callahan Donald G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,300
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
May 31, 2001
Sold by
Mccoy Donald R
Bought by
Coppedge Don M and Coppedge Judy N

Purchase Details

Closed on
May 16, 2001
Sold by
Mccoy Donald R
Bought by
Lbd Inc

Purchase Details

Closed on
May 15, 2001
Sold by
Lib Inc
Bought by
Mccoy Donald R

Purchase Details

Closed on
Jul 2, 1999
Sold by
Mccoy Donald R
Bought by
Lbd Inc
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
Howard Eric $300,000 --
Jain Sarvesh $249,000 --
Ceres Capital Investments Llc $155,000 --
Bhogapathi Bhaskar $153,000 --
Friedman Steven A $297,900 --
Callahan Donald G $76,052 --
Coppedge Don M -- --
Lbd Inc -- --
Mccoy Donald R -- --
Lbd Inc $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Howard Eric $225,000
Previous Owner Jain Sarvesh $186,750
Previous Owner Bhogapathi Bhaskar $108,750
Previous Owner Friedman Steven A $238,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2016 10/31/16 Sold $300,000 +1.7% $63 / Sq Ft
07/22/2016 07/22/16 Pending -- -- --
07/21/2016 07/21/16 For Sale $295,000 0.0% $61 / Sq Ft
06/12/2016 06/12/16 Pending -- -- --
06/01/2016 06/01/16 For Sale $295,000 -- $61 / Sq Ft
Source: First Multiple Listing Service (FMLS)

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 $11,849 $300,960 $88,880 $212,080
2024 $6,703 $151,600 $43,360 $108,240
2023 $6,703 $151,600 $43,360 $108,240
2022 $6,511 $151,600 $43,360 $108,240
2021 $6,545 $151,600 $43,360 $108,240
2020 $6,572 $168,400 $43,360 $125,040
2019 $5,247 $120,080 $28,000 $92,080
2018 $5,220 $120,080 $28,000 $92,080
2016 $4,313 $92,000 $28,000 $64,000
2015 $4,354 $92,000 $28,000 $64,000
2014 -- $92,000 $28,000 $64,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Mark Ellsworth

    NOT A VALID MEMBER

    Section Image

  • N

    Buyer's Agent in 2016

    NON-MLS NMLS

    Non FMLS Member

See All Agents

Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5702658

First Multiple Listing Service (FMLS)

APN: 6-184-102

Georgia Gwinnett County Norcross 30093

4382 Redgate Rd, Norcross, GA

Not Listed for Sale

MultiFamily

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