NOT LISTED FOR SALE

505 Johnston Ave Palmetto, GA 30268

Estimated Value: $185,000 - $224,000

4 Beds
1 Bath
1,512 Sq Ft
$138/Sq Ft Est. Value

Last Sold April 04, 2017

Last sale price $86,000 $57 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $1,303/month

About This Home

As of April 2017

This home is located at 505 Johnston Ave, Palmetto, GA 30268 since 01 February 2017 and is currently estimated at $208,232, approximately $137 per square foot. This property was built in 1962. 505 Johnston Ave is a home located in Fulton County with nearby schools including Palmetto Elementary School, Bear Creek Middle School, and Creekside High School.

Last Agent to Sell the Property

Randy Stone

NOT A VALID MEMBER License #349369 Listed on: 02/01/2017

Last Buyer's Agent

Adrian Smith

Century 21 Novus Realty License #316897

Century 21 Novus Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $710

Year Built

  • Built in 1962

Lot Details

  • 0.75 Acre Lot
  • Level Lot

Home Design

  • Duplex
  • Composition Roof

Parking

  • 2 Parking Spaces
  • Varies By Unit

Schools

  • Palmetto Elementary School
  • Bear Creek - Fulton Middle School
  • Creekside High School

Utilities

  • Central Heating

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 07 350500610559

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$710

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Duplex
  • Property Condition: Resale
  • Year Built: 1962
  • Special Features: None

Property Details

  • Property: Residential Income

Exterior Features

  • Roof Type: Composition

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking Features: Varies by Unit

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Central

Schools

  • Elementary School: Palmetto
  • Middle School: Bear Creek - Fulton
  • High School: Creekside

Lot Info

  • Acres: 0.7500
  • Lot Features: Level
  • Lot Dimensions: 19,602 sf
  • Parcel Number: 07 350500610559
  • Property Attached Yn: No

Multi Family

  • Unit Count: 2
  • Number Of Units Total: 2

Tax Info

  • Taxes: 710.00
  • Assessor Parcel Number: 07-3505-0061-055-9
  • Close Date: 2017-04-04
  • Tax Year: 2016

MLS Schools

  • Elementary School: Palmetto
  • High School: Creekside
  • Middle School: Bear Creek - Fulton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2017
Closed on
Apr 4, 2017
Sold by
West Heidi A
Bought by
Mcelreath Jamie
Seller's Agent
Randy Stone
NOT A VALID MEMBER
Buyer's Agent
Adrian Smith
Century 21 Novus Realty
List Price
$89,900
Sold Price
$86,000
Premium/Discount to List
-$3,900
-4.34%
Current Estimated Value
$205,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,583
Avg. Annual Appreciation
11.21%
Original Mortgage
$25,000
Outstanding Balance
$13,205
Interest Rate
4.21%
Mortgage Type
New Conventional
Estimated Equity
$195,027

Purchase Details

Closed on
Sep 22, 1997
Sold by
Chastain Buddy W
Bought by
West Phillip C and West Heidi A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,468
Interest Rate
7.6%
Mortgage Type
FHA
Source: Public Records

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
Mcelreath Jamie $86,000 --
West Phillip C $60,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcelreath Jamie $25,000
Previous Owner West Phillip C $51,000
Previous Owner West Phillip C $59,400
Previous Owner West Phillip C $60,468
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2017 04/04/17 Sold $86,000 -4.3% $57 / Sq Ft
02/01/2017 02/01/17 Pending -- -- --
02/01/2017 02/01/17 For Sale $89,900 -- $59 / 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 $2,010 $70,840 $16,440 $54,400
2023 $2,196 $77,800 $27,400 $50,400
2022 $1,009 $38,360 $9,200 $29,160
2021 $995 $36,680 $7,040 $29,640
2020 $1,007 $36,240 $6,960 $29,280
2019 $994 $35,600 $6,840 $28,760
2018 $971 $34,400 $6,600 $27,800
2017 $670 $22,960 $6,280 $16,680
2016 $710 $24,320 $9,080 $15,240
2015 $713 $24,320 $9,080 $15,240
2014 $470 $15,320 $5,720 $9,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5799902

First Multiple Listing Service (FMLS)

APN: 07-3505-0061-055-9