NOT LISTED FOR SALE

5308 Salem Springs Place Lithonia, GA 30038

Lithonia Neighborhood

Estimated Value: $272,000 - $325,587

3 Beds
2.5 Baths
2,024 Sq Ft
$146/Sq Ft Est. Value

Last Sold September 27, 2021

Last sale price $244,000 $121 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $1,987/month

11 Days on Market

Highlights

  • Formal Dining Room
  • Ceiling Fan
  • Garage
  • Central Heating and Cooling System

About This Home

As of September 2021

This charming 3 bedroom, 2.5 bath home is sure to WOW your buyer! Beautifully maintained 2 story home in the Salem Hills Community located in the city of Lithonia. This home is move in ready. It includes a formal living room, formal dining room, and a large sunken family room with fireplace. New laminate floor, new carpet, and new hot water heater. Hurry this one won't last! Conveniently located near shopping and restaurants. NO HOA!

Last Listed By

Annetta Hunter

Virtual Properties Realty.com License #296893 Listed on: 08/14/2021

Virtual Properties Realty.com

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,715

Year Built

  • Built in 1999

Lot Details

  • 8,712 Sq Ft Lot

Parking

  • Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Family Room with Fireplace
  • Formal Dining Room
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Flat Rock Elementary School
  • Salem Middle School
  • Martin Luther King Jr High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Salem Hills Subdivision

Listing and Financial Details

  • Tax Lot 17

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,715

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1999
  • Main Level Half Bathrooms: 1
  • Financing Type: FHA
  • Levels: Two
  • Lot Size Acres: .20
  • Property Sub-Type: Single Family Residence
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher
  • Bedrooms: 3
  • Dining Room Features: Dining Rm/Living Rm Combo, Separate Room
  • Basement: None
  • Interior Amenities: Other
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplace Features: Family Room

Beds/Baths

  • Upper Level Full Bathrooms: 2

Exterior Features

  • Construction Materials: Other
  • Foundation Details: Slab
  • Lot Features: None
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Garage

Utilities

  • Cooling: Electric, Ceiling Fan(s), Central Air
  • Heating: Natural Gas, Central
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Flat Rock
  • High School: Martin Luther King Jr
  • Middle School: Salem
  • Elementary School: Flat Rock
  • Middle School: Salem
  • High School: Martin Luther King Jr

Lot Info

  • Lot: 17

Multi Family

  • Total Fireplaces: 1

Tax Info

  • Year: 2020
  • Tax Annual Amount: 2714.97

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2021
Closed on
Sep 27, 2021
Sold by
Burley Lynne M
Bought by
Holmes Melanie S and Carter Malik
Seller's Agent
Annetta Hunter
Virtual Properties Realty.com
Buyer's Agent
Michele Stephens-Taylor
BHGRE Metro Brokers
List Price
$235,000
Sold Price
$244,000
Premium/Discount to List
$9,000
3.83%
Total Days on Market
11
Current Estimated Value
$294,897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,897
Avg. Annual Appreciation
5.33%
Original Mortgage
$239,580
Outstanding Balance
$219,874
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$75,023

Purchase Details

Closed on
May 28, 1999
Sold by
Marbut Realty & Inv Co
Bought by
Burley Lynne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,603
Interest Rate
6.9%
Mortgage Type
New Conventional

Range of Values:

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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
Holmes Melanie S $249,000 --
Burley Lynne M $109,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holmes Melanie S $14,165
Open Holmes Melanie S $239,580
Closed Holmes Melanie S $239,580
Previous Owner Burley Lynne M $71,800
Previous Owner Burley Lynne M $106,603
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2021 09/27/21 Sold $244,000 +3.8% $121 / Sq Ft
08/25/2021 08/25/21 Pending -- -- --
08/14/2021 08/14/21 For Sale $235,000 -- $116 / Sq Ft
Source: Georgia MLS

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 $4,046 $118,560 $14,400 $104,160
2022 $4,714 $99,600 $7,800 $91,800
2021 $2,435 $73,240 $7,920 $65,320
2020 $2,014 $61,440 $6,480 $54,960
2019 $1,637 $49,640 $6,480 $43,160
2018 $1,316 $43,120 $4,000 $39,120
2017 $1,325 $39,280 $4,000 $35,280
2016 $1,245 $37,880 $4,000 $33,880
2014 $1,133 $34,640 $4,000 $30,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 9033971

Georgia MLS

APN: 16-045-03-063