NOT LISTED FOR SALE

523 Rock Springs Rd NE Atlanta, GA 30324

Morningside Neighborhood

Estimated Value: $969,000 - $1,053,000

3 Beds
3.5 Baths
2,314 Sq Ft
$443/Sq Ft Est. Value

Last Sold November 21, 2014

Last sale price $392,500 $170 Per Sq Ft

Est. 161% increase in value since last sale

Current estimated payment $6,087/month

Highlights

  • 0.5 Acre Lot
  • Property is walking distance to MARTA
  • Level Lot
  • Morningside Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of November 2014

Fantastic investor or owner occupy opportunity! Ideal location, new construction popping up on same street. Triplex, with 2 units vacant but easily filled. Current rents are low, but could easily be increased. Large level lot. Keep as investment property or turn into a single family home.

Last Agent to Sell the Property

Kay Baxter

Atlanta Communities License #344360 Listed on: 09/29/2014

Atlanta Communities

Last Buyer's Agent

Butch Whitfield

Harry Norman REALTORS License #262870

Harry Norman REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,971

Year Built

  • Built in 1939

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 80x25x80x252
  • Level Lot

Parking

  • Driveway

Home Design

  • Triplex
  • Frame Construction
  • Wood Roof

Bedrooms and Bathrooms

  • 3 Bedrooms

Location

  • Property is walking distance to MARTA
  • Property is near shops

Schools

  • Morningside- Elementary School
  • David T Howard Middle School
  • Midtown High School

Utilities

  • Forced Air Heating System

Community Details

  • 3 Units
  • Morningside Subdivision

Listing and Financial Details

  • Assessor Parcel Number 523RockSpringsRDNE

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,971

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Triplex
  • Property Condition: Resale
  • Year Built: 1939
  • Special Features: None

Property Details

  • Property: Residential Income

Beds/Baths

  • Total Bedrooms: 3
  • Total Full Baths: 3
  • Total Half Baths: 1

Exterior Features

  • Construction Materials: Frame
  • Roof Type: Wood

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Forced Air

Condo/Co-op/Association

  • Community Features: Near Marta, Near Shopping
  • Subdivision Complex: Morningside

Lot Info

  • Acres: 0.5000
  • Lot Features: Level
  • Lot Dimensions: 80X25X80X252
  • Parcel Number: 523RockSpringsRDNE
  • Property Attached Yn: No

Tax Info

  • Taxes: 3971.00
  • Tax Year: 2013

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • Elementary School: Morningside-
  • High School: Midtown
  • Middle School: David T Howard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2014
Closed on
Nov 21, 2014
Sold by
Emmett Nancie H
Bought by
Lee Vivian and Lee Benjamin
Seller's Agent
Kay Baxter
Atlanta Communities
Buyer's Agent
Butch Whitfield
Harry Norman REALTORS
List Price
$410,000
Sold Price
$392,500
Premium/Discount to List
-$17,500
-4.27%
Current Estimated Value
$1,024,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$631,500
Avg. Annual Appreciation
9.16%
Original Mortgage
$248,070
Outstanding Balance
$189,679
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$834,321

Purchase Details

Closed on
Sep 26, 2001
Sold by
Emmett Nancie H
Bought by
Rock Springs Road Llc
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
Lee Vivian $392,500 --
Rock Springs Road Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Vivian $248,070
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2014 11/21/14 Sold $392,500 -4.3% $170 / Sq Ft
10/05/2014 10/05/14 Pending -- -- --
09/29/2014 09/29/14 For Sale $410,000 -- $177 / 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 $8,408 $395,480 $121,280 $274,200
2023 $13,569 $327,760 $95,000 $232,760
2022 $8,258 $327,760 $95,000 $232,760
2021 $8,022 $318,240 $92,240 $226,000
2020 $7,265 $284,880 $114,920 $169,960
2019 $1,370 $279,840 $112,880 $166,960
2018 $7,933 $251,680 $48,160 $203,520
2017 $5,799 $176,400 $33,760 $142,640
2016 $5,238 $120,960 $33,760 $87,200
2015 $5,251 $120,960 $33,760 $87,200
2014 $5,484 $120,960 $33,760 $87,200
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2014

    Kay Baxter

    Atlanta Communities

    (404) 844-4977

    4 Total Sales

    Kay Baxter
    Section Image
  • Butch Whitfield

    Buyer's Agent in 2014

    Butch Whitfield

    Harry Norman Realties

    (770) 630-6668

    5 in this area

    84 Total Sales

    Butch Whitfield
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5349375

First Multiple Listing Service (FMLS)

APN: 17-0056-0004-050-8

Georgia Fulton County Atlanta 30324 Morningside

523 Rock Springs Rd NE, Atlanta, GA

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