NOT LISTED FOR SALE

5312 Stonebush Terrace Stone Mountain, GA 30083

Estimated Value: $265,000 - $345,000

4 Beds
6 Baths
2,320 Sq Ft
$134/Sq Ft Est. Value

Last Sold June 30, 2017

Last sale price $110,000 $47 Per Sq Ft

Est. 183% increase in value since last sale

Current estimated payment $2,173/month

About This Home

As of June 2017

Cash flow in day 1! This investment property has 2 Bedrooms, 2.5 bath in each side. Steady rental income: $16,500 annually in this well-maintained duplex with over 10% cap rate! Both sides being rented with good tenants. Very easy to manage, and owner can provide property management recommendation if needed. Each 2-story unit has a spacious family room, private fenced backyard.

Last Agent to Sell the Property

Zheng Lee

Best Realty Specialists, Inc. License #299754 Listed on: 04/05/2017

Last Buyer's Agent

Nikki Crowder

Solutions First Realty, LLC. License #246766

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,421

Year Built

  • Built in 1985

Lot Details

  • 0.33

Home Design

  • Duplex
  • Composition Roof

Schools

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

Additional Features

  • City Views
  • 0.33 Acre Lot
  • Heating Available

Community Details

  • 2 Units
  • Stonebush Subdivision

Listing and Financial Details

  • Assessor Parcel Number 18 037 12 010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,421

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Duplex
  • Property Condition: Resale
  • Year Built: 1985
  • Special Features: None

Property Details

  • Property: Residential Income

Exterior Features

  • Roof Type: Composition
  • View: City

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Electric

Condo/Co-op/Association

  • Subdivision Complex: Stonebush

Schools

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

Lot Info

  • Acres: 0.3300
  • Lot Dimensions: .2
  • Parcel Number: 18 037 12 010
  • Property Attached Yn: No

Multi Family

  • Unit Count: 1
  • Number Of Units Total: 2

Tax Info

  • Taxes: 2421.00
  • Assessor Parcel Number: 18-037-12-010
  • Close Date: 2017-06-30
  • Tax Year: 2016

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 10, 2018
Sold by
Dubose Marceline S
Bought by
Williams Chantelle
Current Estimated Value
$310,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,610
Outstanding Balance
$109,101
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$201,821

Purchase Details

Listed on
Apr 5, 2017
Closed on
Jun 30, 2017
Sold by
Duplex Stone Llc
Bought by
Dubose Marceline S
Seller's Agent
Zheng Lee
Best Realty Specialists, Inc.
Buyer's Agent
Nikki Crowder
Solutions First Realty, LLC.
List Price
$119,000
Sold Price
$110,000
Premium/Discount to List
-$9,000
-7.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.40%
Original Mortgage
$108,007
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 31, 2011
Sold by
Federal Natl Mtg Assn Fnma
Bought by
Duplex Stone Llc

Purchase Details

Closed on
Jan 4, 2011
Sold by
Onewest Bk Fsb
Bought by
Federal Natl Mtg Assn Fnma

Purchase Details

Closed on
Oct 31, 2007
Sold by
Hud-Housing Of Urban Dev
Bought by
Blanchard Loretta

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,000
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 2, 2007
Sold by
Wells Fargo Bank Na
Bought by
Hud

Purchase Details

Closed on
Sep 2, 1999
Sold by
Smith Fenda K
Bought by
Abottcrabi Haassan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,035
Interest Rate
7.73%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 23, 1997
Sold by
Shillington Donald V and Shillington Mary A
Bought by
Smith Fonda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,078
Interest Rate
8.18%
Mortgage Type
FHA
Source: Public Records

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
Williams Chantelle $147,777 --
Dubose Marceline S $110,000 --
Duplex Stone Llc -- --
Federal Natl Mtg Assn Fnma -- --
Onewest Bk Fsb $100,925 --
Blanchard Loretta -- --
Hud -- --
Wells Fargo Bank Na $124,584 --
Abottcrabi Haassan J $118,000 --
Smith Fonda K $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Chantelle $125,610
Previous Owner Dubose Marceline S $108,007
Previous Owner Blanchard Loretta $102,000
Previous Owner Abottcrabi Haassan J $117,035
Previous Owner Smith Fonda K $83,078
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2017 07/06/17 Pending -- -- --
06/30/2017 06/30/17 Sold $110,000 -7.6% $47 / Sq Ft
04/05/2017 04/05/17 For Sale $119,000 -- $51 / 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
2024 $6,287 $114,360 $26,000 $88,360
2023 $6,287 $106,200 $26,000 $80,200
2022 $5,463 $98,560 $12,800 $85,760
2021 $3,979 $68,640 $12,800 $55,840
2020 $3,784 $61,680 $12,800 $48,880
2019 $3,615 $57,800 $12,800 $45,000
2018 $2,102 $44,000 $6,600 $37,400
2017 $2,406 $33,160 $7,295 $25,865
2016 $2,422 $33,160 $7,295 $25,865
2014 $1,150 $12,000 $7,240 $4,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5829266

First Multiple Listing Service (FMLS)

APN: 18-037-12-010