5381 Ridgemere Ct Stone Mountain, GA 30083
Stone Mountain NeighborhoodEstimated payment $2,321/month
Highlights
- Popular Property
- Neighborhood Views
- Four Sided Brick Exterior Elevation
- Furnished
- 1-Story Property
- Luxury Vinyl Tile Flooring
About This Home
Excellent income-producing duplex in Stone Mountain! Currently generating $3,000–$4,000 in monthly net income through a co-living model, this property is fully furnished, professionally managed, and offers immediate cash flow. With residents in place and management available to seamlessly transfer to the new owner, this is a truly turnkey investment opportunity. Conveniently located near I-285, Hwy 78, and Stone Mountain Park, the property combines reliable cash flow with long-term growth potential.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,953
Year Built
- Built in 1986
Lot Details
- 9,148 Sq Ft Lot
- Lot Dimensions are 133 x 69
- Level Lot
Home Design
- Duplex
- Composition Roof
- Four Sided Brick Exterior Elevation
Interior Spaces
- 1-Story Property
- Furnished
- Neighborhood Views
Flooring
- Carpet
- Luxury Vinyl Tile
Parking
- 4 Parking Spaces
- Driveway
Schools
- Stone Mountain Elementary And Middle School
- Stone Mountain High School
Utilities
- Central Heating and Cooling System
- Cable TV Available
Community Details
- 2 Units
- Ridgemere Subdivision
Listing and Financial Details
- Assessor Parcel Number 18 037 18 106
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,953 | $107,920 | $26,000 | $81,920 |
| 2023 | $5,953 | $99,600 | $22,840 | $76,760 |
| 2022 | $5,413 | $97,600 | $12,800 | $84,800 |
| 2021 | $4,321 | $75,040 | $12,800 | $62,240 |
| 2020 | $4,810 | $75,200 | $12,800 | $62,400 |
| 2019 | $2,745 | $55,320 | $12,800 | $42,520 |
| 2018 | $1,761 | $40,120 | $8,480 | $31,640 |
| 2017 | $1,890 | $36,920 | $8,480 | $28,440 |
| 2016 | $1,574 | $29,960 | $8,480 | $21,480 |
| 2014 | $1,289 | $14,360 | $8,480 | $5,880 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/19/2025 08/19/25 | For Sale | $335,000 | +6.3% | -- |
| 05/26/2023 05/26/23 | Sold | $315,000 | 0.0% | $149 / Sq Ft |
| 04/24/2023 04/24/23 | Price Changed | $315,000 | +5.4% | $149 / Sq Ft |
| 04/24/2023 04/24/23 | For Sale | $299,000 | 0.0% | $142 / Sq Ft |
| 04/23/2023 04/23/23 | Pending | -- | -- | -- |
| 04/08/2023 04/08/23 | Pending | -- | -- | -- |
| 04/02/2023 04/02/23 | For Sale | $299,000 | 0.0% | $142 / Sq Ft |
| 04/23/2022 04/23/22 | Rented | $1,250 | 0.0% | -- |
| 04/03/2022 04/03/22 | Price Changed | $1,250 | +4.2% | $1 / Sq Ft |
| 02/28/2022 02/28/22 | For Rent | $1,200 | 0.0% | -- |
| 10/17/2019 10/17/19 | Sold | $188,000 | +4.4% | $89 / Sq Ft |
| 10/01/2019 10/01/19 | Pending | -- | -- | -- |
| 09/30/2019 09/30/19 | For Sale | $180,000 | +125.0% | $85 / Sq Ft |
| 10/14/2014 10/14/14 | Sold | $80,000 | -11.0% | $38 / Sq Ft |
| 06/26/2014 06/26/14 | Pending | -- | -- | -- |
| 04/15/2014 04/15/14 | For Sale | $89,900 | -- | $43 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Limited Warranty Deed | $315,000 | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $249,000 | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $188,000 | -- | |
| Warranty Deed | $150,000 | -- | |
| Warranty Deed | $80,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $309,294 | FHA | |
| Previous Owner | $180,000 | New Conventional | |
| Previous Owner | $141,000 | New Conventional | |
| Previous Owner | $150,000 | New Conventional | |
| Previous Owner | $86,034 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $81,720 | VA |
Source: First Multiple Listing Service (FMLS)
MLS Number: 7635134
APN: 18-037-18-106
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