NOT LISTED FOR SALE

487 Lakeshore Dr NE Unit 2 Atlanta, GA 30307

Lake Claire Neighborhood

Estimated Value: $748,000 - $882,000

1 Bed
1 Bath
750 Sq Ft
$1,059/Sq Ft Est. Value

Highlights

  • No Units Above
  • Property is near public transit
  • Ranch Style House
  • Mary Lin Elementary School Rated A-
  • Oversized primary bedroom
  • 3-minute walk to Lake Claire Park

About This Home

As of September 2024

Lake Claire one bedroom one bathroom apartment situated above the main house with a secure private entry. Located under two miles from Emory University, Candler Park, Inman Park, Downtown Decatur, Ponce City Market, Whole Foods and Old Fourth Ward. This walkable private street has sidewalks and canopy trees just steps from Lake Claire Park. Situated among $1M+ Homes on Lakeshore Drive. Washer/Dryer in unit. Enjoy private garden setting, fire pit and lovely private backyard. Pets allowed.

Last Agent to Rent the Property

Michelle Kubea

Ansley Real Estate| Christie's International Real Estate License #270539 Listed on: 07/22/2024

Ansley Real Estate| Christie's International Real Estate

Last Renter's Agent

Michelle Kubea

Ansley Real Estate| Christie's International Real Estate License #270539 Listed on: 07/22/2024

Ansley Real Estate| Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • No Units Above
  • Landscaped
  • Private Yard
  • Garden
  • Back Yard

Home Design

  • Duplex
  • Ranch Style House
  • Shingle Roof
  • Composition Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 750 Sq Ft Home
  • Furniture Can Be Negotiated
  • Great Room
  • Wood Flooring
  • Laundry in Bathroom

Kitchen

  • Country Kitchen
  • Electric Oven
  • Microwave

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Oversized primary bedroom
  • 1 Full Bathroom
  • Bathtub and Shower Combination in Primary Bathroom

Outdoor Features

  • Covered Patio or Porch

Location

  • Property is near public transit
  • Property is near shops
  • Property is near the Beltline

Schools

  • Mary Lin Elementary School
  • David T Howard Middle School
  • Midtown High School

Utilities

  • Window Unit Cooling System
  • Space Heater
  • Cable TV Available

Listing and Financial Details

  • Security Deposit $1,800
  • 12 Month Lease Term
  • $100 Application Fee
  • Assessor Parcel Number 15 238 04 020

Community Details

Overview

  • Application Fee Required
  • Lake Claire Subdivision

Recreation

  • Community Playground
  • Park

Pet Policy

  • Call for details about the types of pets allowed
  • Pet Deposit $500

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Rental Info

  • Furnished: Negotiable
  • Tenant Pays: Electricity, Gas
  • Credit Report Required: Yes
  • Deposit: $1800
  • Lease Term: 12 Months
  • Per Adult Dollar: 100.00
  • Pets Allowed: Call
  • Application Fee Per Adult: Yes
  • Pet Deposit Dollar: 500.00
  • Deposit Required: Pet, Security

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Lease
  • MLS Status: Closed
  • Property Sub Type: Duplex
  • Architectural Style: Ranch
  • Year Built: 1950
  • Levels Stories: One
  • Above Grade Finished Sq Ft: 750.00
  • Special Features: None

Property Details

  • Property: Residential Lease

Interior Features

  • Flooring: Hardwood
  • Appliances: Electric Oven, Microwave, Refrigerator
  • Kitchen Features: Country Kitchen
  • Common Walls: No One Above
  • Additional Rooms: Great Room
  • Dining Room Features: Great Room
  • Square Footage: 750.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 1
  • Bedroom Features: Oversized Master
  • Main Bedrooms: 1
  • Total Bathrooms: 1
  • Total Full Baths: 1
  • Main Full Bathrooms: 1
  • Master Bathroom Features: Tub/Shower Combo

Exterior Features

  • Construction Materials: Brick, Brick 4 Sides
  • Roof Type: Composition, Shingle
  • Patio And Porch Features: Covered
  • Exterior Features: Garden, Private Yard
  • Pool Private: No

Utilities

  • Cooling: Window Unit(s)
  • Heating: Space Heater
  • Laundry Features: In Bathroom, Laundry Closet
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Community Features: Near Beltline, Near Public Transport, Near Shopping, Park, Playground, Sidewalks
  • Management: Owner Managed
  • Subdivision Complex: Lake Claire

Lot Info

  • Lot Features: Back Yard, Landscaped
  • Parcel Number: 15 238 04 020
  • Property Attached Yn: No

MLS Schools

  • Elementary School: Mary Lin
  • High School: Midtown
  • Middle School: David T Howard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2017
Sold by
Mcmahon Scott P
Bought by
Altman John
Current Estimated Value
$794,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Outstanding Balance
$281,738
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$512,427

Purchase Details

Closed on
Aug 31, 1999
Sold by
Isaac Brenda
Bought by
Olson Margaret A
Source: Public Records

Range of Values:

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Average Value
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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
Altman John $425,000 --
Olson Margaret A $269,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Altman John $340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2024 09/04/24 Rented $1,800 +7.5% --
08/04/2024 08/04/24 Price Changed $1,675 -6.9% $2 / Sq Ft
07/22/2024 07/22/24 For Rent $1,800 +12.5% --
08/01/2022 08/01/22 Rented $1,600 0.0% --
07/15/2022 07/15/22 For Rent $1,600 +10.3% --
03/30/2021 03/30/21 Rented $1,450 +11.5% --
02/28/2021 02/28/21 Under Contract -- -- --
02/25/2021 02/25/21 For Rent $1,300 +13.0% --
10/07/2015 10/07/15 Rented $1,150 0.0% --
10/07/2015 10/07/15 For Rent $1,150 -- --
Source: First Multiple Listing Service (FMLS)

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 -- $254,040 $80,400 $173,640
2024 -- $244,960 $80,400 $164,560
2023 $6,734 $253,240 $80,400 $172,840
2022 $6,157 $203,960 $84,000 $119,960
2021 $152 $209,800 $84,000 $125,800
2020 $152 $196,480 $84,000 $112,480
2019 $74 $184,440 $44,000 $140,440
2018 $936 $170,000 $42,320 $127,680
2017 $1,696 $172,000 $44,000 $128,000
2016 $1,562 $156,480 $44,000 $112,480
2014 $1,125 $123,200 $41,888 $81,312
Source: Public Records

Agents Affiliated with this Home

  • Michelle Kubea

    Landlord's Agent in 2024

    Michelle Kubea

    Ansley Real Estate| Christie's International Real Estate

    (404) 304-4833

    1 in this area

    52 Total Sales

    Michelle Kubea
    Section Image

  • L

    Seller's Agent in 2015

    LYNDA COX

    Engel & Völkers Intown Atlanta

    Section Image
  • Glenda Broker

    Buyer's Agent in 2015

    Glenda Broker

    Non-Mls Company

    (800) 289-1214

    Glenda Broker
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7425049

First Multiple Listing Service (FMLS)

APN: 15-238-04-020

Georgia DeKalb County Atlanta 30307 Lake Claire

487 Lakeshore Dr NE Unit 2, Atlanta, GA

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