NOT LISTED FOR SALE

Estimated Value: $310,259

2 Beds
1.5 Baths
2,400 Sq Ft
$129/Sq Ft Est. Value

Sale Details

Date Sold: November 6, 2015

Last sale price $60,000 $25 Per Sq Ft

Est. 417% increase in value since last sale

Current estimated payment $2,237 / mo

Highlights

  • Private Lot
  • 2 Fireplaces
  • Brick Front
  • Wooded Lot
  • Park
  • Garden

About This Home

As of February 2016

Investor opportunity in Stone Mountain! 5342 Ridgemere features a duplex with two 2-bedroom, 1.5-bath units, offering functional layouts for strong rental demand. One unit is currently vacant, providing immediate upside for an investor to lease at market rent, while the other unit offers in-place income with Section-8 rent, guaranteed income! The vacant unit also creates a great opportunity for an owner-occupant to move in while offsetting expenses with rental income. With strong demand and convenient access to major highways, shopping, and everyday amenities, this property is a solid addition to any rental portfolio. Showings available during due diligence.

Last Agent to Rent the Property

Steve Kubon

My Rent Source LLC License #323368 Listed on: 11/18/2015

Last Renter's Agent

Glenda Broker

Non-Mls Company

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1986 | Remodeled

Lot Details

  • 13,068 Sq Ft Lot
  • Fenced
  • Private Lot
  • Wooded Lot
  • Garden

Parking

  • Over 1 Space Per Unit

Home Design

  • Composition Roof
  • Brick Front

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • 2 Fireplaces
  • Family Room
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Security Deposit $700
  • 12-Month Min and 36-Month Max Lease Term
  • $35 Application Fee
  • Legal Lot and Block 11 / D

Community Details

Overview

  • Ridgemere Subdivision

Recreation

  • Park

Home Details

Home Type

Single Family

Year Built

Built in 1986 | Remodeled

Lot Details

0.3 Acres

Rental Info

  • Lease Termsin Months: 12
  • Pet Deposit: 350
  • Security Deposit: 700

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1986
  • ArchitecturalStyle: Brick Front, Other
  • Main Level Half Bathrooms: 1
  • Financing Type: LEASE
  • Levels: Two
  • Lot Size Acres: .30
  • Property Sub-Type: Other
  • Max Rental Period Months: 36
  • Min Rental Period Months: 12
  • Total Finished Area2: 2400
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Refrigerator
  • Bedrooms: 2
  • Basement: Crawl Space
  • Total Finished Sq Ft: 2400
  • Above Grade Finished Sq Ft: 2400
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Furnished: Unfurnished

Beds/Baths

  • Upper Level Full Bathrooms: 1

Exterior Features

  • ExteriorFeatures: Garden
  • Fencing: Fenced
  • Lot Features: Private
  • Property Condition: Updated/Remodeled
  • Roof: Composition

Garage/Parking

  • Parking Features: Over 1 Space per Unit

Utilities

  • Cooling: Electric, Ceiling Fan(s), Central Air
  • Heating: Natural Gas, Central, Forced Air
  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Park, Street Lights
  • Application Fee: 35
  • PetsAllowed: Call

Fee Information

  • Fee Paid: Yes
  • Association Fee Includes: None

Schools

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

Lot Info

  • Land Lot: 37
  • Lot: 11

Multi Family

  • Total Fireplaces: 2

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2022
Sold by
Bought by
Current Estimated Value
$310,259

Purchase Details

Closed on
May 5, 2022
Sold by
Bought by

Purchase Details

Listed on
Mar 27, 2012
Closed on
May 10, 2012
Sold by
Bought by
Seller's Agent
Julie Spino
NOT A VALID MEMBER
Buyer's Agent
NON-MLS NMLS
Non FMLS Member
List Price
$34,900
Sold Price
$34,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.65%

Purchase Details

Closed on
Dec 6, 2011
Sold by
Bought by

Purchase Details

Closed on
Mar 13, 2007
Sold by
Bought by

Purchase Details

Closed on
Jun 2, 2005
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
$266,000 --
$34,900 --
$105,023 --
$154,000 --
$145,600 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/16/2026 07/16/26 Price Changed $309,000 -1.9% --
06/26/2026 06/26/26 For Sale $315,000 0.0% --
05/13/2026 05/13/26 Pending -- -- --
04/28/2026 04/28/26 For Sale $315,000 0.0% --
02/26/2016 02/26/16 Rented $695 0.0% --
01/27/2016 01/27/16 Under Contract -- -- --
11/18/2015 11/18/15 For Rent $695 0.0% --
11/06/2015 11/06/15 Sold $60,000 -24.9% $25 / Sq Ft View Prior Sale
10/12/2015 10/12/15 Pending -- -- --
09/04/2015 09/04/15 For Sale $79,900 +128.9% $33 / Sq Ft
05/25/2012 05/25/12 Sold $34,900 0.0% $15 / Sq Ft View Prior Sale
05/04/2012 05/04/12 Pending -- -- --
03/27/2012 03/27/12 For Sale $34,900 -- $15 / Sq Ft
Source: Georgia MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,400 $108,480 $26,000 $82,480
2024 $6,107 $104,800 $26,000 $78,800
2023 $6,107 $98,200 $26,000 $72,200
2022 $5,231 $89,040 $12,800 $76,240
2021 $4,106 $66,040 $12,800 $53,240
2020 $4,004 $60,880 $12,800 $48,080
2019 $3,325 $48,080 $12,800 $35,280
2018 $1,052 $40,640 $8,480 $32,160
2017 $2,446 $33,840 $8,480 $25,360
2016 $1,668 $24,000 $6,800 $17,200
2014 $1,300 $14,560 $8,480 $6,080
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 7553782

Georgia MLS

APN: 18-037-18-116

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