NOT LISTED FOR SALE

507 Drexel Ave Decatur, GA 30030

Adair Park Neighborhood

Estimated Value: $753,000 - $891,000

3 Beds
2 Baths
1,700 Sq Ft
$477/Sq Ft Est. Value

Last Sold May 23, 2022

Last sale price $732,000 $431 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,408/month

3 Days on Market

Highlights

  • Wood Flooring
  • High Ceiling
  • Double Pane Windows
  • Westchester Elementary School Rated A
  • No HOA
  • 3-minute walk to Adair Park

About This Home

As of May 2022

Located in the quaint neighborhood of Lenox Place in Decatur, this newly renovated 3-bedroom home pairs elevated designs with an historic touch. The open-concept floor plan widens the kitchen, dining, and living spaces, featuring a large island with marble countertops, a living room with custom built-ins, a large dining area with bespoke furniture and distressed wood accent wall, and lots of natural light. In the hallway, a custom wood sliding door with a bullet hole from the Civil War opens into the laundry room, followed by a master bedroom with an ensuite bathroom featuring a claw foot tub and shower. Continue down the hall for 2 additional bedrooms and bathroom. Out back, relax in the outdoor tub or open up the modernized shed for entertaining guests. Come delight in this designer's dream on Drexel!

Last Agent to Sell the Property

Lauren Rasmussen

Compass License #363084 Listed on: 04/28/2022

Compass

Last Buyer's Agent

Katina Asbell

Atlanta Fine Homes - Sotheby's Int'l License #201432

Atlanta Fine Homes - Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,698

Year Built

  • Built in 1915

Lot Details

  • 8,712 Sq Ft Lot
  • Garden

Home Design

  • Bungalow
  • Composition Roof

Interior Spaces

  • 1,700 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Family Room with Fireplace
  • Wood Flooring
  • Crawl Space
  • Pull Down Stairs to Attic
  • Home Security System
  • Laundry in Hall

Kitchen

  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • Garage
  • Side or Rear Entrance to Parking

Outdoor Features

  • Patio

Schools

  • Fifth Avenue Elementary School
  • Renfroe Middle School
  • Decatur High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 236 / 7

Community Details

Overview

  • No Home Owners Association
  • Lenox Place Subdivision

Recreation

  • Community Playground
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,698

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential
  • District: 15
  • Year Built: 1915
  • ArchitecturalStyle: Bungalow/Cottage
  • Financing Type: Conventional
  • Levels: One
  • Lot Size Acres: .20
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 1700
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Gas Water Heater, Dishwasher, Disposal, Microwave
  • Bedrooms: 3
  • Basement: Crawl Space
  • Total Finished Sq Ft: 1700
  • Above Grade Finished Sq Ft: 1700
  • Interior Amenities: High Ceilings, Pulldown Attic Stairs, Walk-In Closet(s), Master On Main Level
  • Full Bathrooms: 2
  • Fireplace Features: Family Room
  • Flooring: Hardwood
  • Kitchen Features: Breakfast Bar, Kitchen Island
  • Window Features: Double Pane Windows
  • Price Per Square Foot: 430.59

Beds/Baths

  • Main Level Full Bathrooms: 2
  • Bedroom Main Level: 3

Exterior Features

  • Common Walls: No Common Walls
  • Construction Materials: Other
  • ExteriorFeatures: Garden
  • Lot Features: Other
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition

Garage/Parking

  • Parking Features: Detached, Garage, Side/Rear Entrance

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Natural Gas, Forced Air
  • Laundry Features: In Hall
  • Security Features: Security System
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, High Speed Internet, Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Park, Playground, Sidewalks, Street Lights

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Fifth Avenue
  • High School: Decatur
  • Middle School: Renfroe
  • Elementary School: Fifth Avenue
  • Middle School: Renfroe
  • High School: Decatur

Lot Info

  • Land Lot: 236
  • Plat Book: 44
  • Plat Page: 508

Multi Family

  • Total Fireplaces: 1

Tax Info

  • Year: 2021
  • Tax Annual Amount: 14698

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2022
Closed on
May 23, 2022
Sold by
Kelly Jeremy Michael Wade
Bought by
Zou Sarah and Elias Cameron J
Seller's Agent
Lauren Rasmussen
Compass
Buyer's Agent
Katina Asbell
Atlanta Fine Homes - Sotheby's Int'l
List Price
$699,900
Sold Price
$732,000
Premium/Discount to List
$32,100
4.59%
Current Estimated Value
$810,259

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,259
Avg. Annual Appreciation
2.29%
Original Mortgage
$585,600
Outstanding Balance
$555,937
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$232,558

Purchase Details

Closed on
Apr 11, 2016
Sold by
Kelly Jeremy
Bought by
Shea Kelly Jeremy Michael Wade and Shea Kelly Misty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,100
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 13, 2007
Sold by
Weichert Relocation Resources
Bought by
Kelly Jeremy and Gilyard Shea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,800
Interest Rate
6.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2001
Sold by
Cottrell Barbara A
Bought by
Levinton Anne C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
7.11%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2001
Sold by
Benoit Suzanne
Bought by
Cottrell Barbara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 1994
Sold by
Calvert Robert H Anne S
Bought by
Wallace Robert T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
8.39%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Zou Sarah $732,000 --
Shea Kelly Jeremy Michael Wade -- --
Kelly Jeremy $304,000 --
Weichert Relocation Resources $324,000 --
Levinton Anne C $295,000 --
Cottrell Barbara A $295,000 --
Wallace Robert T $83,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zou Sarah $585,600
Previous Owner Shea Kelly Jeremy Michael Wade $367,100
Previous Owner Kelly Jeremy $296,350
Previous Owner Kelly Jeremy $310,000
Previous Owner Weichert Relocation Resources $60,800
Previous Owner Weichert Relocation Resources $243,200
Previous Owner Levinton Anne C $235,000
Previous Owner Levinton Anne C $25,000
Previous Owner Levinton Anne C $236,000
Previous Owner Cottrell Barbara A $205,000
Previous Owner Wallace Robert T $95,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/23/2022 05/23/22 Sold $732,000 +4.6% $431 / Sq Ft
05/02/2022 05/02/22 Pending -- -- --
04/28/2022 04/28/22 For Sale $699,900 -- $412 / 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 $7 $282,800 $93,280 $189,520
2023 $7 $278,760 $93,280 $185,480
2022 $9,013 $190,560 $36,206 $154,354
2021 $14,698 $190,560 $35,720 $154,840
2020 $8,399 $148,440 $35,720 $112,720
2019 $7,981 $148,440 $35,720 $112,720
2018 $5,633 $158,000 $35,720 $122,280
2017 $7,001 $137,400 $35,720 $101,680
2016 $3,730 $137,400 $35,720 $101,680
2014 $1,193 $123,240 $35,720 $87,520
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    Lauren Rasmussen

    Compass

    Section Image
  • Katina Asbell

    Buyer's Agent in 2022

    Katina Asbell

    Atlanta Fine Homes - Sotheby's Int'l

    (404) 932-0739

    1 in this area

    45 Total Sales

    Katina Asbell
    Section Image
See All Agents

Map

Source: Georgia MLS

MLS Number: 10040433

Georgia MLS

APN: 15-236-04-157

Georgia DeKalb County Decatur 30030 Adair Park

507 Drexel Ave, Decatur, GA

This home is located at 507 Drexel Ave, Decatur, GA 30030 since 28 April 2022 and is currently estimated at $810,259, approximately $476 per square foot. This property was built in 1915. 507 Drexel Ave is a home located in DeKalb County with nearby schools including Westchester Elementary School, Fifth Avenue Upper Elementary School, and Beacon Hill Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Georgia MLS The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.

Nearby Homes