NOT LISTED FOR SALE

5293 Ridge Forest Dr Stone Mountain, GA 30083

Estimated Value: $243,000 - $266,000

4 Beds
4 Baths
2,160 Sq Ft
$119/Sq Ft Est. Value

Sale Details

Date Sold: May 6, 2025

Last sale price $265,000 $123 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,812 / mo

26 Days on Market

Highlights

  • No HOA
  • Forced Air Heating and Cooling System
  • Wood Siding

About This Home

As of May 2025

This two-unit townhouse, strategically located within the city limits, offers an excellent blend of convenience, value, and long term earning potential. Whether you are an experienced real estate investor or someone looking to expand your portfolio with a promising multi-unit residential property, this townhouse represents a prime opportunity to generate consistent rental income and benefit from the area's continued growth. This Turnkey property has just been updated with new roof, HVAC units and updated plumbing works in the past 2 years. Each unit features 2 bedrooms, with a full bathroom on the top floor, and a half bath, kitchen, dining and family room on the main floor. The fenced backyard provides for privacy to a wooded lot. Each unit is designed to provide spacious living areas, modern amenities and a long term renters. The two units are currently occupied by long term tenants, and you can keep them or give them notice depending on your strategy.

Last Agent to Sell the Property

Olugbade Alli

VICI Real Estate Brokerage Phone: 6786000379 License #279095 Listed on: 03/11/2025

Last Buyer's Agent

Olugbade Alli

VICI Real Estate Brokerage Phone: 6786000379 License #279095 Listed on: 03/11/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,296

Year Built

  • Built in 1986

Lot Details

  • 0.3

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Wood Siding

Parking

  • 4 Parking Spaces
  • Parking Pad
  • Assigned Parking

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities

Additional Features

  • 2-Story Property
  • 13,068 Sq Ft Lot

Listing and Financial Details

  • The owner pays for cable TV, electricity, sewer, garbage, water
  • Legal Lot and Block 5 / U8

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Ridgemere Subdivision

Building Details

  • Operating Expense $7,000
  • Gross Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,296

Year Built

Built in 1986

Lot Details

0.3 Acres

Listing Details

  • Property Type: Residential Income
  • Year Built: 1986
  • Financing Type: Conventional
  • Levels: Two
  • Lot Size Acres: .30
  • Structure Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: None

Exterior Features

  • Construction Materials: Brick, Wood Siding
  • Foundation Details: Slab
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Assigned, Parking Pad
  • ParkingTotal: 4

Utilities

  • Cooling: Central Air
  • Heating: Central, Forced Air
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

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

Lot Info

  • Lot: 5

Rental Info

  • Owner Pays: Cable TV, Electricity, Sewer, Garbage, Water

Tax Info

  • Year: 2024
  • Tax Annual Amount: 5296

Multi Family

  • GrossIncome: 24000
  • NumberOfUnitsTotal: 2
  • OperatingExpense: 7000

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2025
Closed on
May 6, 2025
Sold by
Babalola Marie
Bought by
Lola Durosaro Llc
Seller's Agent
Olugbade Alli
VICI Real Estate
Buyer's Agent
Olugbade Alli
VICI Real Estate
List Price
$260,000
Sold Price
$265,000
Premium/Discount to List
$5,000
1.92%
Views
86
Current Estimated Value
$257,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,307
Avg. Annual Appreciation
-2.73%

Purchase Details

Listed on
Mar 11, 2025
Closed on
Mar 27, 2025
Sold by
Babalola Marie A
Bought by
Erinle Family Trust Dated March 27 2025 and Erinle Marie Tr
Seller's Agent
Olugbade Alli
VICI Real Estate
Buyer's Agent
Olugbade Alli
VICI Real Estate
List Price
$260,000
Sold Price
$265,000
Premium/Discount to List
$5,000
1.92%
Views
86

Purchase Details

Closed on
Oct 18, 2001
Sold by
Hardy Corey G and Hardy Lori A
Bought by
Babalola Marie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,050
Interest Rate
6.57%
Mortgage Type
New Conventional
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Lola Durosaro Llc $265,000 --
Erinle Family Trust Dated March 27 2025 -- --
Babalola Marie A $124,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner Babalola Marie A $112,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2025 05/06/25 Sold $265,000 +1.9% $123 / Sq Ft
03/11/2025 03/11/25 For Sale $260,000 -- $120 / Sq Ft
Source: Georgia MLS

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 $5,011 $88,120 $26,000 $62,120
2024 $5,296 $95,240 $26,000 $69,240
2023 $5,296 $89,480 $26,000 $63,480
2022 $5,183 $93,200 $12,800 $80,400
2021 $3,687 $63,160 $12,800 $50,360
2020 $3,465 $56,000 $12,800 $43,200
2019 $3,087 $48,560 $12,800 $35,760
2018 $2,346 $39,280 $7,240 $32,040
2017 $2,038 $26,880 $7,240 $19,640
2016 $2,089 $27,520 $7,240 $20,280
2014 $2,444 $34,040 $7,240 $26,800
Source: Public Records

Agents Affiliated with this Home

  • Olugbade Alli

    Seller's Agent in 2025

    Olugbade Alli

    VICI Real Estate

    (678) 600-0379

    1 in this area

    16 Total Sales

    Olugbade Alli
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Map

Source: Georgia MLS

MLS Number: 10477229

Georgia MLS

APN: 18-037-18-059

Georgia DeKalb County Stone Mountain 30083

5293 Ridge Forest Dr, Stone Mountain, GA

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 2026 Georgia MLS. All rights reserved.

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