NOT LISTED FOR SALE

508 Summit Dr Decatur, GA 30032

East Lake Neighborhood

Estimated Value: $239,280 - $473,000

2 Beds
1 Bath
1,267 Sq Ft
$289/Sq Ft Est. Value

Last Sold April 30, 2018

Last sale price $175,000 $138 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $2,125/month

39 Days on Market

Highlights

  • On Golf Course
  • Wood Flooring
  • Laundry Room
  • Property is near public transit
  • Corner Lot
  • Bungalow

About This Home

As of April 2018

Fantastic opportunity to live, build or invest in East Lake! 2 bedroom 1 bathroom bungalow on 53 x 159 corner lot. Great income producing property or invest with tons of upside potential. Private backyard and across the street from East Lake Golf course. The home is sold 'As-Is' with no disclosures.

Last Agent to Sell the Property

Chuck Macphee Jr

Berkshire Hathaway HomeServices Georgia Properties License #326409 Listed on: 02/01/2018

Berkshire Hathaway HomeServices Georgia Properties

Last Buyer's Agent

julie Terry

US Realty Hub, LLC License #357607

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,933

Year Built

  • Built in 1951

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 53x159
  • On Golf Course
  • Corner Lot

Parking

  • Driveway

Home Design

  • Bungalow
  • Fixer Upper
  • Composition Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1,267 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Family Room
  • Wood Flooring
  • Crawl Space
  • Laundry Room

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Schools

  • Ronald E Mcnair Discover Learning Acad Elementary School
  • Mcnair - Dekalb Middle School
  • Mcnair High School

Utilities

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

Additional Features

  • Accessible Entrance
  • Property is near public transit

Community Details

  • East Lake Subdivision

Listing and Financial Details

  • Legal Lot and Block 1 / Z
  • Assessor Parcel Number 15 172 11 105

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,933

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Property Condition: Fixer Upper
  • Year Built: 1951
  • Accessibility Features: Accessible Entrance
  • Levels Stories: One
  • Special Features: None
  • Stories: 1

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Hardwood
  • Appliances: Dishwasher, Gas Range
  • Interior Amenities: High Speed Internet
  • Basement: Crawl Space
  • Kitchen Features: Cabinets Other
  • Common Walls: No Common Walls
  • Additional Rooms: Family Room
  • Square Footage: 1267.00

Beds/Baths

  • Total Bedrooms: 2
  • Bedroom Features: Master on Main
  • Main Bedrooms: 2
  • Total Full Baths: 1
  • Main Full Bathrooms: 1

Exterior Features

  • Construction Materials: Brick 4 Sides
  • Roof Type: Composition

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air, Natural Gas
  • Laundry Features: Laundry Room
  • Utilities: Cable Available

Condo/Co-op/Association

  • Community Features: Public Transportation, Street Lights
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Monthly
  • Subdivision Complex: East Lake

Lot Info

  • Acres: 0.2000
  • Lot: 1
  • Plat Book: 9
  • Plat Page: 84
  • Lot Features: Corner Lot, On Golf Course
  • Lot Dimensions: 53x159
  • Parcel Number: 15 172 11 105
  • Property Attached Yn: No

Tax Info

  • Taxes: 1933.00
  • Tax Year: 2016

MLS Schools

  • Elementary School: Ronald E McNair Discover Learning Acad
  • High School: McNair
  • Middle School: McNair - Dekalb

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2019
Sold by
Terry Mark Steven
Bought by
Terry Mark Steven and Sandahl Julia Lynn
Current Estimated Value
$365,820

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Outstanding Balance
$363,775
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$2,045

Purchase Details

Listed on
Feb 1, 2018
Closed on
Apr 30, 2018
Sold by
Lawrence Shep
Bought by
Terry Mark Steven
Seller's Agent
Chuck Macphee Jr
Berkshire Hathaway HomeServices Georgia Properties
Buyer's Agent
julie Terry
US Realty Hub, LLC
List Price
$170,000
Sold Price
$175,000
Premium/Discount to List
$5,000
2.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.01%
Original Mortgage
$300,792
Interest Rate
5.62%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 6, 2009
Sold by
Federal Natl Mtg Assn Fnma
Bought by
Lawrence Shep

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
5.14%
Mortgage Type
Trade

Purchase Details

Closed on
Oct 7, 2008
Sold by
Greenpoint Mtg Funding Inc
Bought by
Federal Natl Mtg Assn Fnma

Purchase Details

Closed on
Aug 17, 2001
Sold by
Buckhead Realty Services Inc
Bought by
Scott Kashka

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2001
Sold by
Simpkins Jimmy
Bought by
Buckhead Realty Svcs

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 1994
Sold by
Credit Depot Corp
Bought by
Simpkins Jimmy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,850
Interest Rate
8.37%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Terry Mark Steven -- --
Terry Mark Steven $175,000 --
Lawrence Shep $38,000 --
Federal Natl Mtg Assn Fnma -- --
Greenpoint Mtg Funding Inc $120,819 --
Scott Kashka $90,000 --
Buckhead Realty Svcs $60,000 --
Simpkins Jimmy $43,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Terry Mark Steven $416,000
Previous Owner Terry Mark Steven $300,792
Previous Owner Lawrence Shep $35,000
Previous Owner Scott Kashka $100,000
Previous Owner Simpkins Jimmy $40,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2018 04/30/18 Sold $175,000 +2.9% $138 / Sq Ft
03/12/2018 03/12/18 Pending -- -- --
03/06/2018 03/06/18 For Sale $170,000 0.0% $134 / Sq Ft
02/09/2018 02/09/18 Pending -- -- --
02/01/2018 02/01/18 For Sale $170,000 -- $134 / Sq Ft
Source: First Multiple Listing Service (FMLS)

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 $2,692 $92,640 $40,520 $52,120
2024 $2,832 $95,680 $40,520 $55,160
2023 $2,832 $85,640 $40,520 $45,120
Source: Public Records

Agents Affiliated with this Home

  • Chuck Macphee Jr

    Seller's Agent in 2018

    Chuck Macphee Jr

    Berkshire Hathaway HomeServices Georgia Properties

    (404) 234-7286

    154 Total Sales

    Chuck Macphee Jr
    Section Image
  • julie Terry

    Buyer's Agent in 2018

    julie Terry

    US Realty Hub, LLC

    (512) 423-7148

    2 in this area

    15 Total Sales

    julie Terry
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5957870

First Multiple Listing Service (FMLS)

APN: 15-172-11-105

Georgia DeKalb County Decatur 30032 East Lake

508 Summit Dr, Decatur, GA

Not Listed for Sale

Detached

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