NOT LISTED FOR SALE

50 Forest Place Lawrenceville, GA 30046

Estimated Value: $341,150 - $392,000

2 Beds
2 Baths
1,123 Sq Ft
$334/Sq Ft Est. Value

Last Sold March 02, 2022

Last sale price $325,000 $289 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,327/month

133 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • Forced Air Heating and Cooling System

About This Home

As of March 2022

Boost your net-worth with an excellent 4 SIDED BRICK DUPLEX (2 bed / 2.5 bath / 11-1200SF ) Duplex minutes from a rapidly developing downtown Lawrenceville, GA with walkability to boutique restaurants & businesses in the area! VERY LOW TAXES ON THIS MULTI-FAMILY OPPORTUNITY! These two units come equipped with Separate utility meters, parking and laundry. Tons of driveway parking per unit! Growing Lawrenceville rate of property appreciation and increasing rental rates PLUS the value add opportunity (updating each unit) provide tons of future value in the excellent investment property for your portfolio! Each unit has 2 beds / 2.5 baths and are in turn-key fashion & will go FHA financing! Low Key subdivision with low maintenance long term tenants in place, but can be vacated prior to closing if preferred and we give adequate notice. Cul-de-Sac street in Five Forks Trickum Rd in Duplex Neighborhood. Both units are tenant occupied. Each unit features 2br/2.5ba with spacious family room, kitchen and bedrooms. No HOA. Conveniently located near downtown Lawrenceville, 316, restaurants and shopping. Located on the Gwinnett County Transit bus line. Great investment opportunity!! New Roof/Gutters/Hvac! Book your showing today!

Last Agent to Sell the Property

Zachary Maxey

Keller Williams Atlanta Perimeter License #355367 Listed on: 09/14/2021

Keller Williams Atlanta Perimeter

Last Buyer's Agent

Judith Sosa

The Suri Group, Inc. License #252152

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,272

Year Built

  • Built in 1986

Lot Details

  • 0.28 Acre Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 1-Story Property
  • Laundry in unit

Parking

  • 2 Parking Spaces
  • Parking Pad

Schools

  • Lawrenceville Elementary School
  • Moore Middle School
  • Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for sewer
  • Legal Lot and Block 7 / B

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Forest East Subdivision

Building Details

  • Gross Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,272

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • District: 5
  • Year Built: 1986
  • Financing Type: Conventional
  • Levels: One
  • Lot Size Acres: 0.28
  • Structure Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement: None
  • Price Per Square Foot: 1160714

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Slab
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Parking Pad
  • ParkingTotal: 2

Utilities

  • Cooling: Electric, Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Unit
  • Sewer: Public Sewer
  • Utilities: Electricity Individual Meters, Gas Individual Meters, Water Individual Meters, Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Lawrenceville
  • High School: Central
  • High School Bus: Yes
  • Middle School: Moore
  • Middle School Bus: Yes
  • Elementary School: Lawrenceville
  • Middle School: Moore
  • High School: Central

Lot Info

  • Land Lot: 148
  • Lot: 7
  • Deed Book: 49913
  • Deed Page: 441
  • Plat Book: 32
  • Plat Page: 122

Rental Info

  • Owner Pays: Sewer

Tax Info

  • Year: 2021
  • Tax Annual Amount: 1272

Multi Family

  • GrossIncome: 24000
  • NumberOfUnitsTotal: 2

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2021
Closed on
Mar 2, 2022
Sold by
Chowdhury Muhammad
Bought by
Sosa Miriam
Seller's Agent
Zachary Maxey
Keller Williams Atlanta Perimeter
Buyer's Agent
Judith Sosa
The Suri Group, Inc.
List Price
$349,900
Sold Price
$325,000
Premium/Discount to List
-$24,900
-7.12%
Current Estimated Value
$375,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,538
Avg. Annual Appreciation
4.13%

Purchase Details

Closed on
Jan 15, 2010
Sold by
Us Bank Na Tbw 2007-2
Bought by
Chowdhury Muhammad and Chowdhury Monalisa

Purchase Details

Closed on
Nov 6, 2007
Sold by
Diaz Tomas and Diaz Mirna S
Bought by
Us Bank Na Tbw 2007-2
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
Sosa Miriam $325,000 --
Chowdhury Muhammad $41,000 --
Us Bank Na Tbw 2007-2 $127,599 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/03/2022 03/03/22 Price Changed $325,000 0.0% $289 / Sq Ft
03/02/2022 03/02/22 Sold $325,000 -5.8% $289 / Sq Ft
01/25/2022 01/25/22 Pending -- -- --
12/24/2021 12/24/21 Price Changed $344,900 -1.4% $307 / Sq Ft
09/14/2021 09/14/21 For Sale $349,900 -- $312 / 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
2024 $3,946 $123,320 $17,600 $105,720
2023 $3,946 $116,160 $17,600 $98,560
2022 $2,391 $74,480 $17,600 $56,880
2021 $1,271 $38,760 $12,400 $26,360
2020 $1,412 $38,760 $12,400 $26,360
2019 $1,408 $38,760 $12,400 $26,360
2018 $1,354 $38,760 $12,400 $26,360
2016 $0 $37,400 $10,800 $26,600
2015 $815 $22,920 $4,800 $18,120
2014 $821 $22,920 $4,800 $18,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 9050667

Georgia MLS

APN: 5-148-314