NOT LISTED FOR SALE

5340 Century Trace Unit 1 Norcross, GA 30093

Estimated Value: $704,000 - $800,000

-- Bed
-- Bath
4,352 Sq Ft
$169/Sq Ft Est. Value

Last Sold November 14, 2016

Last sale price $275,000 $63 Per Sq Ft

Est. 168% increase in value since last sale

Current estimated payment $4,872/month

179 Days on Market

About This Home

As of November 2016

Investors, don't let this one get away. Nice 2 Bedroom units in private neighborhood. Each unit has 2 Bedrooms, 2 Baths. This property is sold "AS IS" and needs someone who can give it a little TLC. Great income potential for savvy investor.

Last Agent to Sell the Property

Lance Carter

Virtual Properties Realty.com License #349241 Listed on: 04/28/2016

Virtual Properties Realty.com

Co-Listed By

Lance Carter

Virtual Properties Realty.com License #358457

Last Buyer's Agent

FRANCIS LEE

Sunny Home Realty License #274779

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,398

Year Built

  • Built in 1982

Lot Details

  • 0.75 Acre Lot
  • Sloped Lot

Home Design

  • Quadruplex
  • Composition Roof
  • Cedar

Parking

  • 1 Parking Space
  • Varies By Unit

Schools

  • Hopkins Elementary School
  • Radloff Middle School
  • Meadowcreek High School

Utilities

  • Central Heating
  • Heating System Uses Natural Gas

Community Details

  • 4 Units
  • Harbins Crossing Subdivision

Listing and Financial Details

  • Assessor Parcel Number R6172 363

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,398

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Quadruplex
  • Property Condition: Resale
  • Year Built: 1982
  • Special Features: None

Property Details

  • Property: Residential Income

Exterior Features

  • Construction Materials: Cedar
  • Roof Type: Composition

Garage/Parking

  • Number Of Parking Spaces: 1
  • Parking Features: Varies by Unit

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Central, Natural Gas

Condo/Co-op/Association

  • Subdivision Complex: Harbins Crossing

Lot Info

  • Acres: 0.7500
  • Lot Features: Sloped
  • Lot Dimensions: 31,363 Sq. Ft.
  • Parcel Number: R6172 363
  • Property Attached Yn: No

Tax Info

  • Taxes: 4398.00
  • Tax Year: 2015

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Hopkins
  • High School: Meadowcreek
  • Middle School: Radloff

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 16, 2021
Sold by
Tan Roy J
Bought by
Veltman Nir
Current Estimated Value
$737,543

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Outstanding Balance
$338,033
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$399,510

Purchase Details

Listed on
Apr 28, 2016
Closed on
Nov 14, 2016
Sold by
Kim Sun Y and Kim Sun Y
Bought by
Tan Roy J
Seller's Agent
Lance Carter
Virtual Properties Realty.com
Buyer's Agent
FRANCIS LEE
Sunny Home Realty
List Price
$299,900
Sold Price
$275,000
Premium/Discount to List
-$24,900
-8.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.49%

Purchase Details

Closed on
Mar 28, 2006
Sold by
Sandres Emilia E
Bought by
Kim Sun Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,800
Interest Rate
1.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 26, 2002
Sold by
Covalschi Mihail and Covalschi Cornelia
Bought by
Sandres Emilia E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,300
Interest Rate
6.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 28, 2001
Sold by
Gwinco Assocs Inc
Bought by
Covalschi Mihail and Covalschi Cornelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
7.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 15, 2001
Sold by
Schooler Irvin C
Bought by
Gwinco Associates

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
7.14%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Veltman Nir $500,000 --
Tan Roy J $275,000 --
Kim Sun Y $324,000 --
Sandres Emilia E $304,200 --
Covalschi Mihail $270,000 --
Gwinco Associates $216,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Veltman Nir $375,000
Previous Owner Kim Sun Y $239,800
Previous Owner Sandres Emilia E $243,300
Previous Owner Covalschi Mihail $202,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2016 11/14/16 Sold $275,000 -8.3% $63 / Sq Ft
10/24/2016 10/24/16 Pending -- -- --
10/19/2016 10/19/16 For Sale $299,900 0.0% $69 / Sq Ft
09/25/2016 09/25/16 Pending -- -- --
04/28/2016 04/28/16 For Sale $299,900 -- $69 / 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 $11,911 $300,960 $126,120 $174,840
2024 $9,540 $230,360 $126,120 $104,240
2023 $9,540 $200,000 $70,000 $130,000
2022 $8,280 $200,000 $70,000 $130,000
2021 $7,203 $168,400 $41,000 $127,400
2020 $7,234 $168,400 $41,000 $127,400
2019 $5,011 $112,000 $28,000 $84,000
2018 $4,983 $112,000 $28,000 $84,000
2016 $4,359 $92,000 $28,000 $64,000
2015 $4,398 $92,000 $28,000 $64,000
2014 $4,416 $92,000 $28,000 $64,000
Source: Public Records

Agents Affiliated with this Home

  • Lance Carter

    Seller's Agent in 2016

    Lance Carter

    Virtual Properties Realty.com

    (770) 352-4013

    20 Total Sales

    Lance Carter
    Section Image
  • FRANCIS LEE

    Buyer's Agent in 2016

    FRANCIS LEE

    Sunny Home Realty

    (770) 289-5382

    21 Total Sales

    FRANCIS LEE
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5684064

First Multiple Listing Service (FMLS)

APN: 6-172-363

Georgia Gwinnett County Norcross 30093

5340 Century Trace Unit 1, Norcross, GA

Not Listed for Sale

MultiFamily

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