NOT LISTED FOR SALE

4578 Sherrington Ct Stone Mountain, GA 30083

Estimated Value: $258,674 - $292,000

5 Beds
4.5 Baths
1,750 Sq Ft
$160/Sq Ft Est. Value

Last Sold October 31, 2024

Last sale price $280,000 $160 Per Sq Ft

Current estimated payment $1,895/month

8 Days on Market

Highlights

  • 0.6 Acre Lot
  • Wood Flooring
  • Porch
  • Traditional Architecture
  • No HOA
  • 1-Story Property

About This Home

As of October 2024

This Stone Mountain rental is ideal for the savvy investor. With furnished rooms and 4.5 bathrooms (2 en-suites) this home produces robust rental income compared to anything available on the market, while providing solid workforce housing. It grosses $4600 per month on average with some months averaging consistently above $6000. 0.3 miles to public transit on a major arterial, Redan Rd. Potential for 13% cap rate and 25%+ Cash-on-Cash ROI. FInancials and Proforma available upon request. Powered by PadSplit, this occupied rental is a workforce housing solution that not only helps members save money and live closer to work but provides a great investment for its owner. All members are professionally screened by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. NOTE: SqFt of home is larger than the tax records state. Financing must be cash, hard money or one of our preferred lenders with PadSplit experience.

Last Agent to Sell the Property

Josh Stanton

Keller Williams Realty License #379772 Listed on: 09/06/2024

Keller Williams Realty

Last Buyer's Agent

Joshua Bowser

Cornerstone Real Estate Partners License #432113

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,043

Year Built

  • Built in 1970

Lot Details

  • 0.6

Parking

  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,750 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms

Schools

  • Allgood Elementary School
  • Freedom Middle School
  • Clarkston High School

Additional Features

  • Porch
  • 0.6 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 8 / B

Community Details

Overview

  • No Home Owners Association
  • Sherrington Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,043

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1970
  • ArchitecturalStyle: Traditional
  • Main Level Half Bathrooms: 1
  • Financing Type: Conventional
  • Levels: One
  • Lot Size Acres: .60
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 1750
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Refrigerator
  • Bedrooms: 5
  • Basement: None
  • Total Finished Sq Ft: 1750
  • Above Grade Finished Sq Ft: 1750
  • Interior Amenities: Other
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Flooring: Hardwood, Laminate

Beds/Baths

  • Main Level Full Bathrooms: 4
  • Bedroom Main Level: 5

Exterior Features

  • Common Walls: No Common Walls
  • Construction Materials: Brick
  • Lot Features: Other
  • Patio And Porch Features: Porch
  • Property Condition: Resale
  • Roof: Other

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Allgood
  • High School: Clarkston
  • High School Bus: No
  • Middle School: Freedom
  • Middle School Bus: No

Lot Info

  • Land Lot: 224
  • Lot: 8

Tax Info

  • Year: 2023
  • Tax Annual Amount: 5043

MLS Schools

  • Elementary Bus Line: No

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2024
Closed on
Oct 31, 2024
Sold by
Psatl63 4578 Sherrington Ct Llc
Bought by
Grand Mustang Llc
Seller's Agent
Josh Stanton
Keller Williams Realty
Buyer's Agent
Joshua Bowser
Cornerstone Real Estate Partners
List Price
$274,000
Sold Price
$280,000
Premium/Discount to List
$6,000
2.19%
Views
33
Current Estimated Value
$279,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$331
Avg. Annual Appreciation
-0.12%
Original Mortgage
$210,000
Outstanding Balance
$207,694
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$71,975

Purchase Details

Listed on
May 27, 2021
Closed on
Jul 30, 2021
Sold by
Cleare Millicent T
Bought by
Jackson Elizabeth and Millicent T Cleare Rev Tr
Seller's Agent
Lydia Shumake
Atlanta Communities
Buyer's Agent
Clifton Floyd
Cornerstone Real Estate Partners
List Price
$195,000
Sold Price
$205,000
Premium/Discount to List
$10,000
5.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.78%

Purchase Details

Listed on
May 27, 2021
Closed on
Jul 25, 2021
Sold by
Cleare Millicent T
Bought by
Jackson Elizabeth and Millicent T Cleare Rev Tr
Seller's Agent
Lydia Shumake
Atlanta Communities
Buyer's Agent
Clifton Floyd
Cornerstone Real Estate Partners
List Price
$195,000
Sold Price
$205,000
Premium/Discount to List
$10,000
5.13%

Purchase Details

Listed on
May 27, 2021
Closed on
Jul 24, 2021
Sold by
Cleare Millicent T
Bought by
Jackson Elizabeth and Millicent T Cleare Rev Tr
Seller's Agent
Lydia Shumake
Atlanta Communities
Buyer's Agent
Clifton Floyd
Cornerstone Real Estate Partners
List Price
$195,000
Sold Price
$205,000
Premium/Discount to List
$10,000
5.13%

Purchase Details

Closed on
May 27, 1994
Sold by
Cross Jeanette G
Bought by
Cleare George W Millicent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,000
Interest Rate
8.46%
Source: Public Records

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
Grand Mustang Llc -- --
Jackson Elizabeth -- --
Psatl63 4578 Sherrington Ct Llc $205,000 --
Jackson Elizabeth -- --
Jackson Elizabeth -- --
Jackson Elizabeth -- --
Jackson Elizabeth -- --
Jackson Elizabeth -- --
Cleare George W Millicent $98,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grand Mustang Llc $210,000
Previous Owner Cleare George W Millicent $53,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/31/2024 10/31/24 Sold $280,000 +2.2% $160 / Sq Ft
09/14/2024 09/14/24 Pending -- -- --
09/06/2024 09/06/24 For Sale $274,000 +33.7% $157 / Sq Ft
06/30/2021 06/30/21 Sold $205,000 +5.1% $117 / Sq Ft View Prior Sale
05/29/2021 05/29/21 Pending -- -- --
05/27/2021 05/27/21 For Sale $195,000 -- $111 / 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 $5,173 $107,640 $12,000 $95,640
2024 $5,373 $112,240 $12,000 $100,240
2023 $5,373 $105,880 $12,000 $93,880
2022 $3,956 $81,960 $7,200 $74,760
2021 $871 $65,840 $7,200 $58,640
2020 $826 $55,160 $7,200 $47,960
2019 $759 $50,640 $7,200 $43,440
2018 $611 $44,840 $7,200 $37,640
2017 $691 $41,320 $7,200 $34,120
2016 $606 $36,280 $7,200 $29,080
2014 $437 $21,880 $7,200 $14,680
Source: Public Records

Agents Affiliated with this Home

  • Josh Stanton

    Seller's Agent in 2024

    Josh Stanton

    Keller Williams Realty

    (678) 929-5949

    11 in this area

    238 Total Sales

    Josh Stanton
    Section Image

  • J

    Buyer's Agent in 2024

    Joshua Bowser

    Cornerstone Real Estate Partners

    (724) 579-9453

    8 in this area

    57 Total Sales

    Joshua Bowser
    Section Image
  • Lydia Shumake

    Seller's Agent in 2021

    Lydia Shumake

    Atlanta Communities

    (770) 778-4815

    1 in this area

    21 Total Sales

    Lydia Shumake
    Section Image

  • C

    Buyer's Agent in 2021

    Clifton Floyd

    Cornerstone Real Estate Partners

    (919) 896-5374

    16 in this area

    219 Total Sales

    Clifton Floyd
    Section Image
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Map

Source: Georgia MLS

MLS Number: 10373122

Georgia MLS

APN: 15-224-06-089

Georgia DeKalb County Stone Mountain 30083

4578 Sherrington Ct, Stone Mountain, GA

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