NOT LISTED FOR SALE

505 Magnolia St La Fayette, GA 30728

Estimated Value: $151,000 - $168,101

2 Beds
1 Bath
1,052 Sq Ft
$152/Sq Ft Est. Value

Last Sold April 05, 2023

Last sale price $148,000 $141 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $944/month

194 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Bathtub with Shower
  • Engineered Wood Flooring
  • Covered Patio or Porch
  • Living Room

About This Home

As of April 2023

Why pay soaring rents? This restored classic makes a perfect starter home for less $$$! Water lines, electric and HVAC were all updated 4 years ago. You'll love the back yard - so much space for most anything you want to do! Not many move-in ready homes with large Bedrooms and an open floor plan are available at this price! Note - there is an old driveway to the left of the house. It could easily be restored, and there's plenty of room to add a carport or garage!

Last Agent to Sell the Property

Rodney Cook

Nu Vision Realty License #297672 Listed on: 02/06/2023

Last Buyer's Agent

Charles Watt

Century 21 Aaim Real Estate License #258195

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $226

Year Built

  • Built in 1920

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 75 x 200
  • Level Lot
  • May Be Possible The Lot Can Be Split Into 2+ Parcels

Parking

  • Off-Street Parking

Home Design

  • Block Foundation
  • Metal Roof

Interior Spaces

  • 1,052 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Vinyl Clad Windows
  • Living Room
  • Engineered Wood Flooring
  • Basement
  • Crawl Space
  • Storage In Attic
  • Fire and Smoke Detector
  • Free-Standing Electric Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Covered Patio or Porch
  • Outbuilding

Schools

  • Gilbert Elementary School
  • Lafayette Middle School
  • Lafayette High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • W T Corley Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1046 012

Home Details

Home Type

Single Family

Est. Annual Taxes

$226

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.35
  • Lot Size: 75 x 200
  • Subdivision Name: W T Corley
  • Directions: Highway 27 South, past downtown LaFayette. Right on 193, left on Magnolia, home on left.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 1052.0
  • New Construction: No
  • Structure Type: Free Standing Building
  • Year Built: 1920
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 1046 012
  • Location Tax and Legal Elementary School: Gilbert Elementary School
  • Location Tax and Legal Middle Or Junior School2: LaFayette Middle
  • Location Tax and Legal High School: LaFayette High
  • Location Tax and Legal:Tax Annual Amount: 226.0
  • Location Tax and Legal Additional Parcels YN: No
  • General Property Information Enhanced Accessible2: No
  • General Property Information New Construction YN: No
  • General Property Information Home Warranty YN: No
  • General Property Information Grazing Permits BLM YN3: No
  • General Property Information Carport YN: No
  • General Property Information Lot Size Acres: 0.35
  • General Property Information Lot Size Square Feet2: 15246.0
  • General Property Information Lot Size Dimensions: 75 x 200
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • General Property Information Senior Community YN: No
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Interior Features Tub Shower Combo: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Utilities Phone Available: Yes
  • Foundation Details Block2: Yes
  • Security Features:Smoke Detector(s): Yes
  • Levels:One: Yes
  • Laundry Features Laundry Room: Yes
  • Patio And Porch Features Porch - Covered: Yes
  • Flooring Engineered Hardwood: Yes
  • Other Structures:Out Building: Yes
  • Special Features: None

Interior Features

  • Appliances: Free-Standing Electric Range, Electric Water Heater
  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: Open Floorplan, Tub/shower Combo
  • Window Features: Vinyl Frames
  • ResoLivingAreaSource: Owner
  • Basement:Crawl Space: Yes
  • Appliances:Free-Standing Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Electric Water Heater: Yes
  • Attic Features:Storage Only: Yes

Exterior Features

  • Lot Features: Level, Split Possible
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Other
  • Foundation Details: Block
  • Other Structures: Outbuilding
  • Patio And Porch Features: Porch, Porch - Covered
  • Roof: Metal
  • Patio and Porch Features:Porch: Yes
  • Window Features:Vinyl Frames: Yes
  • Lot Features:Level: Yes
  • Lot Features:Split Possible: Yes
  • ConstructionSiding:Roof Metal: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • General Property Information:Garage YN: No
  • Parking Features:Off Street: Yes

Utilities

  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room, Washer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Gilbert Elementary School
  • High School: LaFayette High
  • Middle Or Junior School: LaFayette Middle

Lot Info

  • Lot Size Sq Ft: 15246.0
  • Additional Parcels: No
  • Parcel #: 1046 012
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 226.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2023
Closed on
Apr 5, 2023
Sold by
Fuentes Marvin
Bought by
Brown Rachelle
Seller's Agent
Rodney Cook
Nu Vision Realty
Buyer's Agent
Charles Watt
Century 21 Aaim Real Estate
List Price
$159,900
Sold Price
$148,000
Premium/Discount to List
-$11,900
-7.44%
Views
69
Current Estimated Value
$159,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,525
Avg. Annual Appreciation
0.37%
Original Mortgage
$145,319
Outstanding Balance
$142,328
Interest Rate
7.12%
Mortgage Type
FHA
Estimated Equity
$7,015

Purchase Details

Closed on
Sep 5, 2015
Sold by
Kfsr Finance Llc
Bought by
Fuentes Marvin and Fuentes Maribel

Purchase Details

Closed on
Sep 2, 2014
Sold by
Buchanan Judy
Bought by
Kfsr Finance Llc

Purchase Details

Closed on
Mar 23, 2011
Sold by
Thomas Mary Katherine
Bought by
Buchanan Judy

Purchase Details

Closed on
Sep 17, 2010
Sold by
Buchanan Judy
Bought by
Thomas Kathy

Purchase Details

Closed on
Jul 30, 1993
Sold by
Buchanan Randall T and Buchanan Mavis
Bought by
Buchanan Randall Thomas

Purchase Details

Closed on
Jan 19, 1987
Sold by
Wilson Thomas R and Wilson Kimberly L
Bought by
Buchanan Randall T and Buchanan Mavis

Purchase Details

Closed on
Feb 1, 1984
Sold by
Burrows Mrs Webster L
Bought by
Wilson Thomas R and Wilson Kimberly L

Purchase Details

Closed on
Jan 1, 1972
Bought by
Burrows Mrs Webster L
Source: Public Records

Range of Values:

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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
Brown Rachelle $148,000 --
Fuentes Marvin $10,000 --
Kfsr Finance Llc $1,800 --
Buchanan Judy -- --
Thomas Kathy -- --
Buchanan Randall Thomas -- --
Buchanan Randall T $11,000 --
Wilson Thomas R -- --
Burrows Mrs Webster L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Rachelle $145,319
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2024 09/21/24 Off Market $148,000 -- --
04/05/2023 04/05/23 Sold $148,000 +2.1% $141 / Sq Ft
03/12/2023 03/12/23 Off Market $144,900 -- --
02/06/2023 02/06/23 Price Changed $144,900 -9.4% $138 / Sq Ft
08/23/2022 08/23/22 For Sale $159,900 -- $152 / Sq Ft
Source: Greater Chattanooga REALTORS®

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 $1,214 $50,974 $6,282 $44,692
2023 $1,128 $45,940 $6,282 $39,658
2022 $1,003 $38,114 $4,288 $33,826
2021 $245 $8,335 $3,015 $5,320
2020 $207 $6,751 $3,015 $3,736
2019 $207 $6,751 $3,015 $3,736
2018 $201 $6,751 $3,015 $3,736
2017 $225 $6,751 $3,015 $3,736
2016 $186 $6,751 $3,015 $3,736
2015 $222 $7,678 $2,972 $4,706
2014 $214 $7,678 $2,972 $4,706
2013 -- $7,678 $2,972 $4,706
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1361314

Greater Chattanooga REALTORS®

APN: 1046-012