$280,000
SOLD OCT 31, 2024
5 Beds
4.5 Baths
1,750 Sq Ft
0.6 Acres

Recently Sold

$160 Per Sq Ft

2% Above List Price

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

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
  • District: 15
  • Unit: 1
  • 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
  • Price Per Square Foot: 160

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

Lot Info

  • Land Lot: 224
  • Lot: 8
  • Deed Book: 29634
  • Deed Page: 533
  • Plat Book: 51
  • Plat Page: 160

Tax Info

  • Year: 2023
  • Tax Annual Amount: 5043

MLS Schools

  • Elementary Bus Line: No

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
$279,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$147
Avg. Annual Appreciation
-0.77%
Original Mortgage
$210,000
Outstanding Balance
$208,123
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$70,221

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed $205,000 --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Deed $98,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $210,000 New Conventional
Previous Owner $89,000 Stand Alone Second
Previous Owner $68,400 Stand Alone Refi Refinance Of Original Loan
Previous Owner $53,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
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

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Map

Source: Georgia MLS

MLS Number: 10373122

Georgia MLS

APN: 15-224-06-089