Seller's Agent in 2025
Olugbade Alli
VICI Real Estate
(678) 600-0379
1 in this area
14 Total Sales
5293 Ridge Forest Dr Stone Mountain, GA 30083
Stone Mountain Neighborhood
--
Bed
--
Bath
2,160
Sq Ft
0.3
Acres
Highlights
- No HOA
- Forced Air Heating and Cooling System
- Wood Siding
About This Home
As of May 2025This 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
VICI Real Estate Brokerage Phone: 6786000379 License #279095 Listed on: 03/11/2025
Last Buyer's Agent
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
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
- 0.3 Acre 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
Ownership History
Date
Name
Owned For
Owner Type
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
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $124,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $212,000 | New Conventional | |
| Closed | $115,700 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $112,050 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 Compared to Growth
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 | $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
Map
Source: Georgia MLS
MLS Number: 10477229
APN: 18-037-18-059
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.
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.
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