NOT LISTED FOR SALE

Estimated Value: $315,000 - $343,000

3 Beds
2.5 Baths
1,428 Sq Ft
$232/Sq Ft Est. Value

Last Sold December 08, 2023

Last sale price $314,000 $220 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,387/month

1 Day on Market

Highlights

  • City View
  • End Unit
  • Courtyard
  • Property is near public transit
  • Walk-In Closet
  • Patio

About This Home

As of December 2023

Nestled in a highly sought-after location in Gainesville, the townhome at 502 Forrest Avenue presents a golden opportunity for visionary homeowners or Investors. This three-bedroom, two-and-a-half-bathroom gem, located a short stroll from downtown, marries convenience with potential. Bright interiors, a versatile floor plan, and proximity to the best of Gainesville's dining and shopping scenes make this property a unique find. Stepping outside, you'll find a private patio area perfect for morning coffee or for a relaxing evening in. The attached garage provides ample storage and parking convenience. Whether you're looking to explore the local parks, enjoy the cultural attractions, or dine at the town's finest eateries, you're perfectly positioned to enjoy all that Gainesville has to offer. ***Firm Asking Price. Property has a tenant, so all showings must be coordinated with the Listing Agents beforehand. Please do not disturb the Tenant***

Last Listed By

Bryant Green

Berkshire Hathaway HomeServices Georgia Properties License #248646 Listed on: 10/20/2023

Berkshire Hathaway HomeServices Georgia Properties

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $684

Year Built

  • Built in 1980

Lot Details

  • 1,307 Sq Ft Lot
  • End Unit
  • Privacy Fence
  • Landscaped

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Rear-Facing Garage

Home Design

  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,428 Sq Ft Home
  • 2-Story Property
  • Decorative Fireplace
  • Family Room with Fireplace
  • Living Room
  • City Views
  • Pull Down Stairs to Attic

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Laminate Countertops
  • Wood Stained Kitchen Cabinets
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Courtyard
  • Patio

Location

  • Property is near public transit
  • Property is near shops

Schools

  • Centennial Arts Academy Elementary School
  • Gainesville East Middle School
  • Gainesville High School

Utilities

  • Central Heating
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 01025 006011B

Community Details

Overview

  • Bradford Forrest Subdivision

Amenities

  • Restaurant

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$684

Year Built

Built in 1980

Lot Details

0

HOA Fees

$300 per month

Parking

2

Listing Details

  • Standard Status: Closed
  • Legal Description: 502 FORREST AVE CONDO UNIT 2
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Townhouse
  • Architectural Style: Townhouse
  • Property Condition: Resale
  • Year Built: 1980
  • Levels Stories: Two
  • Above Grade Finished Sq Ft: 1428.00
  • Special Features: None

Property Details

  • Property: Residential Attached

Interior Features

  • Flooring: Carpet, Laminate, Vinyl
  • Fireplace Features: Decorative, Family Room
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Refrigerator
  • Interior Amenities: Disappearing Attic Stairs, Walk-In Closet(s)
  • Kitchen Features: Cabinets Stain, Laminate Counters
  • Common Walls: End Unit
  • Additional Rooms: Living Room
  • Square Footage: 1428.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Tub/Shower Combo

Exterior Features

  • Roof Type: Shingle
  • Fencing: Privacy
  • Patio And Porch Features: Patio
  • Exterior Features: Courtyard
  • View: City
  • Foundation: Slab

Garage/Parking

  • Carport or Garage: 2
  • Number of Garage Spaces: 2
  • Parking Features: Garage, Garage Faces Rear

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Central
  • Laundry Features: Laundry Room, Main Level
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
  • Electric: Other

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Exterior, Maintenance Grounds
  • Community Features: Homeowners Assoc, Near Shopping, Public Transportation, Restaurant, Sidewalks
  • Association Fee: 300
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Subdivision Complex: Bradford Forrest

Association/Amenities

  • Number Of Units In Community: 1

Schools

  • Elementary School: Centennial Arts Academy
  • Middle School: Gainesville East
  • High School: Gainesville

Lot Info

  • Acres: 0.0300
  • Lot: 2
  • Deed Book: 7676
  • Deed Page: 255
  • Plat Book: A
  • Plat Page: 4
  • Lot Features: Landscaped
  • Parcel Number: 01025 006011B
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: Yes

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 684.00
  • Assessor Parcel Number: 01-00025-06-011B
  • Close Date: 2023-12-08
  • Tax Year: 2022

MLS Schools

  • Elementary School: Centennial Arts Academy
  • High School: Gainesville
  • Middle School: Gainesville East

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2024
Sold by
Thomas Lowell
Bought by
Thomas Lowell O and Thomas Gregory Dylan
Total Days on Market
1
Current Estimated Value
$331,133

Purchase Details

Listed on
Oct 20, 2023
Closed on
Dec 8, 2023
Sold by
Luna Juan
Bought by
Thomas Lowell
Seller's Agent
Bryant Green
Berkshire Hathaway HomeServices Georgia Properties
Buyer's Agent
Robert Bell
The Norton Agency
List Price
$319,900
Sold Price
$314,000
Premium/Discount to List
-$5,900
-1.84%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.03%
Original Mortgage
$247,200
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2016
Sold by
Coker Jerry
Bought by
Luna Juan

Purchase Details

Closed on
Apr 24, 2014
Sold by
Elliott Lester Bryce
Bought by
Coker Jerry

Purchase Details

Closed on
May 27, 2005
Sold by
Steele Marion
Bought by
Elliott Lester Bryce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
5.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 1999
Sold by
Wagner Marine M
Bought by
Mcmillan Anne Jones

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
6.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 1994

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
Thomas Lowell O -- --
Thomas Lowell $314,000 --
Luna Juan $130,000 --
Coker Jerry $139,000 --
Elliott Lester Bryce $155,000 --
Mcmillan Anne Jones $118,000 --
-- $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thomas Lowell $247,200
Previous Owner Luna Juan $800,000
Previous Owner Luna Juan $355,000
Previous Owner Elliott Lester B $119,400
Previous Owner Elliott Lester Bryce $124,000
Previous Owner Mcmillan Anne Jones $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2023 12/08/23 Sold $314,000 -1.8% $220 / Sq Ft
10/21/2023 10/21/23 Pending -- -- --
10/20/2023 10/20/23 For Sale $319,900 -- $224 / 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
2024 $3,014 $105,240 $11,400 $93,840
2023 $2,942 $100,280 $11,400 $88,880
2022 $385 $81,640 $11,400 $70,240
2021 $391 $75,000 $11,400 $63,600
2020 $2,191 $74,920 $11,400 $63,520
2019 $2,137 $70,040 $11,400 $58,640
2018 $349 $58,840 $11,400 $47,440
2017 $348 $52,800 $11,400 $41,400
2016 $302 $52,800 $11,400 $41,400
2015 -- $64,908 $11,400 $53,508
2014 -- $64,908 $11,400 $53,508
Source: Public Records

Agents Affiliated with this Home

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Source: First Multiple Listing Service (FMLS)

MLS Number: 7292825

First Multiple Listing Service (FMLS)

APN: 01-00025-06-011B