NOT LISTED FOR SALE

5355 Ridgemere Ct Stone Mountain, GA 30083

Estimated Value: $263,000 - $300,061

6 Beds
4 Baths
2,632 Sq Ft
$106/Sq Ft Est. Value

Last Sold June 09, 2017

Last sale price $130,000 $49 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $1,985/month

72 Days on Market

About This Home

As of June 2017

Cash-Cow Opportunity! This investment property has 3 Bedrooms, 2.5 bath in each side and 3 sides brick! Steady rental income: $19,200 annually in this well-maintained duplex with over 10% cap rate! Both sides being rented, one with section 8. Very easy to manage, and owner can provide property management recommendation if needed. Each 2-story unit has a spacious family room w/fireplace, separate dinning room, cozy kitchen, powder room on main level, spacious bedrooms & private fenced backyard.

Last Agent to Sell the Property

Zheng Lee

Best Realty Specialists, Inc. License #299754 Listed on: 03/29/2017

Last Buyer's Agent

JANET A CORK

Chapman Hall Professionals

Chapman Hall Professionals

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,000

Year Built

  • Built in 1986

Lot Details

  • 0.33 Acre Lot
  • Fenced

Home Design

  • Duplex
  • Composition Roof

Parking

  • 2 Parking Spaces
  • Varies By Unit

Schools

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

Utilities

  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Ridgemere Subdivision

Listing and Financial Details

  • Assessor Parcel Number 18 037 18 111

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,000

Year Built

Built in 1986

Lot Details

0.33 Acres

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Duplex
  • Property Condition: Resale
  • Year Built: 1986
  • Special Features: None

Property Details

  • Property: Residential Income

Exterior Features

  • Roof Type: Composition
  • Fencing: Fenced

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking Features: Varies by Unit

Utilities

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

Condo/Co-op/Association

  • Subdivision Complex: Ridgemere

Lot Info

  • Acres: 0.3300
  • Parcel Number: 18 037 18 111
  • Property Attached Yn: No

Tax Info

  • Taxes: 2000.00
  • Tax Year: 2016

Multi Family

  • Number Of Units Total: 2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2018
Sold by
Periasamy Sundari
Bought by
M Subasri Llc
Current Estimated Value
$280,015

Purchase Details

Listed on
Mar 29, 2017
Closed on
Jun 9, 2017
Sold by
Duplex Stone Llc
Bought by
Periasamy Sundari
Seller's Agent
Zheng Lee
Best Realty Specialists, Inc.
Buyer's Agent
JANET A CORK
Chapman Hall Professionals
List Price
$158,000
Sold Price
$130,000
Premium/Discount to List
-$28,000
-17.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.13%
Original Mortgage
$92,250
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 7, 2011
Closed on
Feb 28, 2012
Sold by
Davis Justin L
Bought by
Duplex Stone Llc
Seller's Agent
Jules Harper
Keller Williams Realty Signature Partners
Buyer's Agent
Jules Harper
Keller Williams Realty Signature Partners
List Price
$30,000
Sold Price
$36,000
Premium/Discount to List
$6,000
20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.53%

Purchase Details

Closed on
May 29, 2002
Sold by
Peoples Hugh
Bought by
Ellis Michael D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
6.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 1998
Sold by
Crook Ann M
Bought by
Peoples Hugh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,500
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 1996
Sold by
Crook W Tony Ann M
Bought by
Jones Carmen
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
M Subasri Llc -- --
Periasamy Sundari $130,000 --
Duplex Stone Llc $36,000 --
Ellis Michael D $140,000 --
Peoples Hugh $127,500 --
Jones Carmen $27,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Periasamy Sundari $92,250
Previous Owner Ellis Michael D $133,000
Previous Owner Peoples Hugh $127,500
Closed Jones Carmen $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/10/2017 06/10/17 Pending -- -- --
06/09/2017 06/09/17 Sold $130,000 -17.7% $49 / Sq Ft
04/19/2017 04/19/17 For Sale $158,000 0.0% $60 / Sq Ft
03/30/2017 03/30/17 Pending -- -- --
03/29/2017 03/29/17 For Sale $158,000 +338.9% $60 / Sq Ft
02/28/2012 02/28/12 Sold $36,000 +20.0% $14 / Sq Ft View Prior Sale
02/11/2012 02/11/12 Pending -- -- --
12/07/2011 12/07/11 For Sale $30,000 -- $11 / Sq Ft
Source: First Multiple Listing Service (FMLS)

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 $6,339 $107,320 $26,000 $81,320
2024 $6,231 $107,200 $26,000 $81,200
2023 $6,231 $102,560 $26,000 $76,560
Source: Public Records

Agents Affiliated with this Home

  • Z

    Seller's Agent in 2017

    Zheng Lee

    Best Realty Specialists, Inc.

    (404) 509-5275

    2 Total Sales

    Zheng Lee
    Section Image
  • JANET A CORK

    Buyer's Agent in 2017

    JANET A CORK

    Chapman Hall Professionals

    (678) 414-3814

    1 Total Sale

    JANET A CORK
    Section Image
  • Jules Harper

    Seller's Agent in 2012

    Jules Harper

    Keller Williams Realty Signature Partners

    (770) 765-5005

    187 Total Sales

    Jules Harper
    Section Image
See All Agents

Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5825648

First Multiple Listing Service (FMLS)

APN: 18-037-18-111

Georgia DeKalb County Stone Mountain 30083

5355 Ridgemere Ct, Stone Mountain, GA

Not Listed for Sale

MultiFamily

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