NOT LISTED FOR SALE

531 E Lake Dr Decatur, GA 30030

Oakhurst Neighborhood

Estimated Value: $1,106,000 - $1,929,227

6 Beds
4 Baths
1,356 Sq Ft
$1,127/Sq Ft Est. Value

Last Sold March 30, 2018

Last sale price $1,345,900 $993 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $7,938/month

79 Days on Market

Highlights

  • Open-Concept Dining Room
  • Built in 1941 | Newly Remodeled
  • Property is walking distance to MARTA
  • Oakhurst Elementary School Rated A
  • Craftsman Architecture
  • 4-minute walk to Harmony Park

About This Home

As of March 2018

Brand new home by Hammertime Construction 1-block from Oakhurst Village in top-notch City of Decatur school system. Rare home that boasts basement, 2-car garage, and 6 bedrooms on deep lot. Giant backyard has room for a pool. Get in now and pick your finishes, colors, and more! Walk to Oakhurst Park, Oakhurst Dog Park, schools, shops, and restaurants. Ready early 2017.

Last Agent to Sell the Property

Alan Corey

Atlanta Brokers Collective, LLC License #358554 Listed on: 08/09/2016

Atlanta Brokers Collective, LLC

Last Buyer's Agent

Leonard Thibadeau

Thibadeau Company, Inc. License #5398

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,500

Year Built

  • Built in 1941 | Newly Remodeled

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 60 x 247
  • Fenced
  • Level Lot
  • Garden

Parking

  • 2 Car Garage
  • Driveway Level

Home Design

  • Craftsman Architecture
  • Traditional Architecture
  • Composition Roof
  • Cement Siding

Interior Spaces

  • 1,356 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 10 feet on the lower level
  • Ceiling Fan
  • Insulated Windows
  • Entrance Foyer
  • Living Room with Fireplace
  • Open-Concept Dining Room
  • Dining Room Seats More Than Twelve
  • Loft
  • Screened Porch
  • Wood Flooring
  • Fire and Smoke Detector
  • Laundry on upper level

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Self-Cleaning Oven
  • Gas Range
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Low Flow Plumbing Fixtures
  • Separate Shower in Primary Bathroom

Finished Basement

  • Interior and Exterior Basement Entry
  • Stubbed For A Bathroom

Accessible Home Design

  • Accessible Entrance

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Windows
  • Energy-Efficient HVAC
  • Energy-Efficient Insulation
  • Energy-Efficient Thermostat

Location

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

Schools

  • Oakhurst/Fifth Avenue Elementary School
  • Beacon Hill Middle School
  • Decatur High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Tankless Water Heater

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Assessor Parcel Number 15 213 03 071

Community Details

Recreation

  • Community Pool

Additional Features

  • Oakhurst Subdivision
  • Restaurant

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,500

Year Built

Built in 1941 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Craftsman, Traditional
  • Property Condition: New Construction
  • Year Built: 1941
  • Accessibility Features: Accessible Entrance
  • Levels Stories: Two
  • Special Features: NewHome
  • Stories: 2

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Hardwood
  • Fireplace Features: Living Room
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Disposal, Gas Range, Refrigerator, Self Cleaning Oven, Tankless Water Heater
  • Interior Amenities: Double Vanity, Entrance Foyer, High Ceilings 10 ft Lower, High Ceilings 10 ft Main, Low-Flow Fixtures, Walk-In Closet(s)
  • Basement: Bath/Stubbed, Exterior Entry, Finished, Interior Entry
  • Kitchen Features: Breakfast Bar, Eat-in Kitchen, Kitchen Island, Pantry Walk-In, Stone Counters
  • Common Walls: No Common Walls
  • Additional Rooms: Loft
  • Dining Room Features: Open Concept, Seats 12+
  • Square Footage: 1356.00
  • Window Features: Insulated Windows

Beds/Baths

  • Total Bedrooms: 6
  • Lower Bedrooms: 1
  • Main Bedrooms: 1
  • Total Full Baths: 4
  • Lower Full Bathrooms: 1
  • Main Full Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Separate Tub/Shower

Exterior Features

  • Construction Materials: Cement Siding
  • Roof Type: Composition
  • Fencing: Fenced
  • Patio And Porch Features: Screened
  • Exterior Features: Garden

Garage/Parking

  • Number of Garage Spaces: 2
  • Parking Features: Garage, Level Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Fire Alarm, Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Central Air, Zoned
  • Heating: Zoned
  • Laundry Features: Upper Floor

Condo/Co-op/Association

  • Community Features: Near Marta, Near Schools, Near Shopping, Pool, Restaurant, Sidewalks
  • Association Fee Frequency: Annually
  • Master Association Fee Frequency: Annually
  • Home Warranty: Yes
  • Subdivision Complex: Oakhurst

Lot Info

  • Acres: 0.3000
  • Lot Features: Level
  • Lot Dimensions: 60 x 247
  • Parcel Number: 15 213 03 071
  • Property Attached Yn: No

Green Features

  • Efficiency: Appliances, HVAC, Insulation, Thermostat, Windows

Tax Info

  • Taxes: 1500.00
  • Tax Year: 2014

MLS Schools

  • Elementary School: Oakhurst/Fifth Avenue
  • High School: Decatur
  • Middle School: Beacon Hill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2016
Closed on
Mar 30, 2018
Sold by
Skyrocket Properties Llc
Bought by
Kalarickal Philip Luke and Mathew Kavitha Anna
Seller's Agent
Alan Corey
Atlanta Brokers Collective, LLC
Buyer's Agent
Leonard Thibadeau
Thibadeau Company, Inc.
List Price
$1,100,000
Sold Price
$1,345,900
Premium/Discount to List
$245,900
22.35%
Current Estimated Value
$1,528,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$182,657
Avg. Annual Appreciation
1.64%
Original Mortgage
$1,211,180
Outstanding Balance
$1,039,110
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$489,447

Purchase Details

Closed on
May 5, 2017
Sold by
Corey Alan M
Bought by
Skyrocket Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 29, 2016
Sold by
Simmons Hannah Christine
Bought by
Corey Alan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
3.79%
Mortgage Type
Commercial
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

Date Buyer Sale Price Title Company
Kalarickal Philip Luke $1,345,900 --
Skyrocket Properties Llc -- --
Corey Alan M $360,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kalarickal Philip Luke $1,211,180
Previous Owner Skyrocket Properties Llc $620,000
Previous Owner Corey Alan M $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2018 03/30/18 Sold $1,345,900 +22.4% $993 / Sq Ft
10/27/2016 10/27/16 Pending -- -- --
08/09/2016 08/09/16 For Sale $1,100,000 -- $811 / 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 $16 $703,160 $94,760 $608,400
2024 $17 $650,120 $94,760 $555,360
2023 $17 $656,800 $73,160 $583,640
Source: Public Records

Agents Affiliated with this Home

  • Alan Corey

    Seller's Agent in 2018

    Alan Corey

    Atlanta Brokers Collective, LLC

    (646) 554-3320

    3 in this area

    99 Total Sales

    Alan Corey
    Section Image

  • L

    Buyer's Agent in 2018

    Leonard Thibadeau

    Thibadeau Company, Inc.

    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5731989

First Multiple Listing Service (FMLS)

APN: 15-213-03-071

Georgia DeKalb County Decatur 30030 Oakhurst

531 E Lake Dr, Decatur, GA

Not Listed for Sale

Detached

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