NOT LISTED FOR SALE

5193 Ridge Forest Dr Stone Mountain, GA 30083

Stone Mountain Neighborhood

Estimated Value: $294,000 - $340,000

4 Beds
4 Baths
2,400 Sq Ft
$131/Sq Ft Est. Value

Last Sold November 06, 2020

Last sale price $191,000 $80 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $2,295/month

31 Days on Market

Highlights

  • Property is near public transit
  • Restaurant
  • Forced Air Heating and Cooling System
  • Wooded Lot
  • Three Sided Brick Exterior Elevation
  • Ceiling Fan

About This Home

As of November 2020

This Listing Is For Units 5193 & 5195; Great Opportunity For A Savvy Investor! Great Cash Flow! Beautiful 2 Story Duplex; Two Owner Suites On The Upper Level w/Own Bath; Located In Nearby Historic Stone Mountain Village! Tiled Floor On Main w/Half Bath; Carpet Throughout The Upper Level; Private Fenced Backyard; Separately Meters For Electric, Gas, and Water; Tenants Maintain Their Own Lawn; Walking Distance To Parks And Bus Stops; Minutes To Shopping & Dining; Tenant Occupied. Stable Tenants; DO NOT DISTURB TENANTS! Showing & Inspection In Due Diligence ONLY!

Last Agent to Sell the Property

Denise Lo

Landmark Commercial & Residential Properties, LLC. License #245696 Listed on: 09/22/2020

Last Buyer's Agent

Ramesh Ramchandran

Virtual Properties Realty.com License #378566

Virtual Properties Realty.com

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,147

Year Built

  • Built in 1986

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 111x69x114x69
  • Privacy Fence
  • Wood Fence
  • Back Yard Fenced
  • Wooded Lot

Home Design

  • Duplex
  • Composition Roof
  • Three Sided Brick Exterior Elevation

Interior Spaces

  • 2-Story Property
  • Ceiling Fan

Parking

  • 4 Parking Spaces
  • Driveway

Location

  • Property is near public transit
  • Property is near schools
  • Property is near shops

Schools

  • Stone Mountain Elementary And Middle School
  • Stone Mountain High School

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 24 / B
  • Assessor Parcel Number 18 037 18 095

Community Details

Overview

  • 2 Units
  • Ridgemere Subdivision

Amenities

  • Restaurant

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,147

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Duplex
  • Property Condition: Resale
  • Year Built: 1986
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Income

Interior Features

  • Window Features: None

Exterior Features

  • Construction Materials: Brick 3 Sides, Brick Front
  • Roof Type: Composition
  • Fencing: Back Yard, Fenced, Privacy, Wood

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central, Forced Air
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available

Condo/Co-op/Association

  • Community Features: Near Schools, Near Shopping, Public Transportation, Restaurant, Sidewalks, Street Lights
  • Subdivision Complex: Ridgemere

Fee Information

  • Annual Expenses: 6959

Schools

  • Elementary School: Stone Mountain
  • Middle School: Stone Mountain
  • High School: Stone Mountain

Lot Info

  • Acres: 0.2000
  • Lot: 24
  • Land/Lot: 37
  • Deed Book: 22408
  • Deed Page: 727
  • Plat Book: 81
  • Plat Page: 55
  • Lot Features: Wooded
  • Lot Dimensions: 111x69x114x69
  • Parcel Number: 18 037 18 095
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Multi Family

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

Tax Info

  • Taxes: 3147.00
  • Assessor Parcel Number: 18-037-18-095
  • Close Date: 2020-11-06
  • Tax Year: 2019

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Stone Mountain
  • High School: Stone Mountain
  • Middle School: Stone Mountain

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2020
Closed on
Nov 4, 2020
Sold by
Yesproperties Llc
Bought by
Adj Investments Llc
Seller's Agent
Denise Lo
Landmark Commercial & Residential Properties, LLC.
Buyer's Agent
Ramesh Ramchandran
Virtual Properties Realty.com
List Price
$189,900
Sold Price
$191,000
Premium/Discount to List
$1,100
0.58%
Current Estimated Value
$311,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,166
Avg. Annual Appreciation
10.44%

Purchase Details

Closed on
Mar 3, 2011
Sold by
Federal Natl Mtg Assn Fnma
Bought by
Yesproperties Llc

Purchase Details

Closed on
Oct 5, 2010
Sold by
Citimortgage Inc
Bought by
Federal Natl Mtg Assn Fnma

Purchase Details

Closed on
Aug 31, 2006
Sold by
Forniss Richard and Forniss Evelyn M
Bought by
Graham Irene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,200
Interest Rate
6.67%
Mortgage Type
New Conventional
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
Adj Investments Llc $191,000 --
Yesproperties Llc -- --
Federal Natl Mtg Assn Fnma -- --
Citimortgage Inc $126,744 --
Graham Irene $158,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Graham Irene $142,200
Previous Owner Forniss Richard $61,544
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2020 11/06/20 Sold $191,000 +0.6% $80 / Sq Ft
10/23/2020 10/23/20 Pending -- -- --
10/19/2020 10/19/20 For Sale $189,900 0.0% $79 / Sq Ft
09/25/2020 09/25/20 Pending -- -- --
09/22/2020 09/22/20 For Sale $189,900 0.0% $79 / Sq Ft
10/01/2018 10/01/18 Rented $850 0.0% --
09/28/2018 09/28/18 Under Contract -- -- --
07/17/2018 07/17/18 For Rent $850 +13.3% --
05/19/2017 05/19/17 Rented $750 0.0% --
04/28/2017 04/28/17 For Rent $750 +15.4% --
02/05/2016 02/05/16 Rented $650 0.0% --
01/06/2016 01/06/16 Under Contract -- -- --
11/13/2015 11/13/15 For Rent $650 0.0% --
10/07/2014 10/07/14 Rented $650 0.0% --
09/07/2014 09/07/14 Under Contract -- -- --
08/20/2014 08/20/14 For Rent $650 -- --
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
2023 $6,906 $112,200 $26,000 $86,200
2022 $4,410 $73,320 $12,800 $60,520
2021 $4,494 $73,320 $12,800 $60,520
2020 $3,108 $59,160 $12,800 $46,360
2019 $3,147 $44,960 $12,800 $32,160
2018 $2,375 $39,240 $8,480 $30,760
2017 $2,343 $32,080 $8,480 $23,600
2016 $2,202 $29,440 $8,480 $20,960
2014 $2,657 $37,680 $8,560 $29,120
Source: Public Records

Agents Affiliated with this Home

  • Denise Lo

    Seller's Agent in 2020

    Denise Lo

    Landmark Commercial & Residential Properties, LLC.

    (678) 887-8088

    1 in this area

    38 Total Sales

    Section Image
  • Ramesh Ramchandran

    Buyer's Agent in 2020

    Ramesh Ramchandran

    Virtual Properties Realty

    (678) 313-3034

    1 in this area

    25 Total Sales

    Section Image
  • LaTonya Dasher

    Buyer's Agent in 2018

    LaTonya Dasher

    Latlin Bevsho Realty, Inc.

    (404) 281-4834

    1 in this area

    26 Total Sales

    Section Image
  • Glenda Broker

    Buyer's Agent in 2016

    Glenda Broker

    Non-Mls Company

    (800) 289-1214

    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6781297

First Multiple Listing Service (FMLS)

APN: 18-037-18-095

Georgia DeKalb County Stone Mountain 30083 Stone Mountain

5193 Ridge Forest Dr, Stone Mountain, GA

This home is located at 5193 Ridge Forest Dr, Stone Mountain, GA 30083 since 22 September 2020 and is currently estimated at $315,017, approximately $131 per square foot. This property was built in 1986. 5193 Ridge Forest Dr is a home located in DeKalb County with nearby schools including Stone Mountain Elementary School, Stone Mountain Middle School, and Stone Mountain High School.

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