NOT LISTED FOR SALE

494 Melanie Ln SW Marietta, GA 30008

Southwestern Marietta Neighborhood

Estimated Value: $249,000 - $331,713

4 Beds
2 Baths
1,922 Sq Ft
$146/Sq Ft Est. Value

Last Sold November 21, 2024

Last sale price $245,000 $127 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,725/month

5 Days on Market

Highlights

  • Home fronts a creek
  • 0.7 Acre Lot
  • Creek On Lot
  • View of Trees or Woods
  • Deck
  • Wooded Lot

About This Home

As of November 2024

**ACCEPTING BACKUP OFFERS**
Prime Fix-and-Flip Opportunity on Private Wooded 3/4 acre Lot in Marietta! Home held open for buyers on Saturday, November 9th, from 12 pm to 4 pm. Unlock the potential of this spacious home on a secluded corner lot with scenic woodlands and a creek. With an unfinished basement, this property is a gem for investors, boasting an impressive after-repair value of $450K–$500K. Set in one of Marietta's most desirable locations, this home is just minutes from vibrant Marietta Square, where you'll find top-tier shopping, dining, and entertainment options, including diverse local and international foods. This is the perfect retreat with urban convenience, and with no HOA, the possibilities are endless. Don’t miss this high-potential investment!

Last Agent to Sell the Property

Linde Moore

Keller Williams Rlty, First Atlanta License #354599 Listed on: 11/06/2024

Keller Williams Rlty, First Atlanta

Last Buyer's Agent

Richard Hallwood

The Hallwood Group, Inc. License #122974

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $348

Year Built

  • Built in 1974

Lot Details

  • 0.7 Acre Lot
  • Home fronts a creek
  • Property fronts a state road
  • Private Entrance
  • Corner Lot
  • Wooded Lot
  • Private Yard
  • Back and Front Yard

Parking

  • 2 Car Attached Garage

Property Views

  • Woods
  • Creek or Stream

Home Design

  • Traditional Architecture
  • Fixer Upper
  • Block Foundation
  • Shingle Roof
  • Composition Roof
  • Cement Siding

Interior Spaces

  • 1,922 Sq Ft Home
  • 2-Story Property
  • Formal Dining Room
  • Keeping Room with Fireplace
  • Unfinished Basement
  • Laundry in Basement

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • Shower Only

Outdoor Features

  • Creek On Lot
  • Deck
  • Covered Patio or Porch

Schools

  • Milford Elementary School
  • Smitha Middle School
  • Osborne High School

Utilities

  • Central Air
  • Heating Available
  • 110 Volts
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 17008300110

Home Details

Home Type

Single Family

Est. Annual Taxes

$348

Year Built

Built in 1974

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Property Condition: Fixer
  • Year Built: 1974
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Fireplace Features: Keeping Room
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Basement: Unfinished
  • Kitchen Features: Eat-in Kitchen, Keeping Room, Kitchen Island
  • Common Walls: No Common Walls
  • Additional Rooms: Other
  • Dining Room Features: Separate Dining Room
  • Square Footage: 1922.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 4
  • Main Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Baths: 2
  • Main Full Bathrooms: 1
  • Master Bathroom Features: Shower Only

Exterior Features

  • Construction Materials: Cement Siding
  • Roof Type: Composition, Shingle
  • Patio And Porch Features: Covered, Deck, Front Porch, Side Porch
  • Exterior Features: Private Entry, Private Yard
  • View: Creek/Stream, Trees/Woods
  • Pool Private: No
  • Foundation: Block

Garage/Parking

  • Number of Garage Spaces: 2
  • Parking Features: Attached, Garage

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: In Basement
  • Utilities: Electricity Available, Water Available
  • Electric: 110 Volts

Lot Info

  • Acres: 0.7000
  • Lot Features: Back Yard, Corner Lot, Creek On Lot, Front Yard, Wooded
  • Lot Dimensions: x
  • Parcel Number: 17008300110
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 348.00
  • Tax Year: 2023

Multi Family

  • Waterfront Features: Creek

MLS Schools

  • Elementary School: Milford
  • High School: Osborne
  • Middle School: Smitha

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2024
Closed on
Nov 21, 2024
Sold by
Rainey Nanci H
Bought by
Melo Investments Llc
Seller's Agent
Linde Moore
Keller Williams Rlty, First Atlanta
Buyer's Agent
Richard Hallwood
The Hallwood Group, Inc.
List Price
$250,000
Sold Price
$245,000
Premium/Discount to List
-$5,000
-2%
Views
94
Current Estimated Value
$281,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,428
Avg. Annual Appreciation
14.87%

Purchase Details

Closed on
Jan 29, 1998
Sold by
Ford Frances M
Bought by
Rainey Donald E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,717
Interest Rate
7.07%
Mortgage Type
FHA
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
Melo Investments Llc $245,000 None Listed On Document
Rainey Donald E $101,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rainey Donald E $98,717
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2024 11/21/24 Sold $245,000 -2.0% $127 / Sq Ft
11/12/2024 11/12/24 Pending -- -- --
11/06/2024 11/06/24 For Sale $250,000 -- $130 / Sq Ft
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 $2,922 $96,988 $43,240 $53,748
2024 $583 $96,988 $43,240 $53,748
2023 $348 $87,588 $33,840 $53,748
2022 $536 $81,268 $30,080 $51,188
2021 $493 $67,000 $22,560 $44,440
2020 $465 $57,600 $13,160 $44,440
2019 $434 $47,196 $8,272 $38,924
2018 $434 $47,196 $8,272 $38,924
2017 $377 $47,196 $8,272 $38,924
2016 $318 $40,388 $7,520 $32,868
2015 $340 $40,388 $7,520 $32,868
2014 $346 $40,388 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Linde Moore

    Seller's Agent in 2024

    Linde Moore

    Keller Williams Rlty, First Atlanta

    (404) 856-3566

    8 in this area

    550 Total Sales

    Linde Moore
    Section Image
  • Richard Hallwood

    Buyer's Agent in 2024

    Richard Hallwood

    The Hallwood Group, Inc.

    (770) 436-5027

    1 in this area

    8 Total Sales

    Richard Hallwood
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7481760

First Multiple Listing Service (FMLS)

APN: 17-0083-0-011-0

Georgia Cobb County Marietta 30008 Southwestern Marietta

494 Melanie Ln SW, Marietta, GA

Not Listed for Sale

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