$300,000
SOLD APR 25, 2022
5 Beds
2 Baths
1,752 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$171 Per Sq Ft

5% Above List Price

3 Days on Market

Highlights

  • City View
  • Traditional Architecture
  • White Kitchen Cabinets
  • Property is walking distance to MARTA
  • Corner Lot
  • Eat-In Kitchen

About This Home

As of November 2024

A high-performance turnkey 13% cap income-producing property on the PadSplit Coliving platform generating over $54,000 in rent annually, $36,000 after expenses. This home is sold with a master lease to a corporate tenant with over 12 years of experience owning and operating assets like this. Living room and dining room currently repurposed as bedrooms. This amazing coliving opportunity helps people to save money, live closer to work, and enjoy a comfortable, affordable lifestyle. An experienced third-party property manager is also available, making this property ideal for any investor, no matter their capacity.

Last Agent to Sell the Property

Allison Haywood

Bolst, Inc. License #396541 Listed on: 04/22/2022

Bolst, Inc.

Last Buyer's Agent

Michael O'Connor

Cornerstone Real Estate Partners, LLC License #371147

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,462

Year Built

  • Built in 1960

Lot Details

  • 10,019 Sq Ft Lot
  • Private Entrance
  • Wood Fence
  • Landscaped
  • Corner Lot
  • Level Lot
  • Back Yard Fenced and Front Yard

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,752 Sq Ft Home
  • 1-Story Property
  • Roommate Plan
  • Family Room
  • Laminate Flooring
  • City Views
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Electric Oven
  • Electric Range
  • Range Hood
  • Microwave
  • Dishwasher
  • White Kitchen Cabinets

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Location

  • Property is walking distance to MARTA
  • Property is near schools
  • Property is near shops

Schools

  • John Wesley Dobbs Elementary School
  • Crawford Long Middle School
  • South Atlanta High School

Utilities

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

Community Details

  • Lakewood Subdivision
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 14 003800030079

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,462

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Property Condition: Resale
  • Year Built: 1960
  • Levels Stories: One
  • Above Grade Finished Sq Ft: 1752.00
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Laminate
  • Appliances: Dishwasher, Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer
  • Kitchen Features: Cabinets White, Eat-in Kitchen, Pantry
  • Common Walls: No Common Walls
  • Additional Rooms: Family Room, Other
  • Square Footage: 1752.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 5
  • Bedroom Features: Roommate Floor Plan
  • Main Bedrooms: 5
  • Total Bathrooms: 2
  • Total Full Baths: 2
  • Main Full Bathrooms: 2

Exterior Features

  • Roof Type: Composition, Shingle
  • Fencing: Back Yard, Wood
  • Exterior Features: Private Front Entry
  • View: City
  • Foundation: Slab

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Laundry Features: Common Area
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Electric: Other

Condo/Co-op/Association

  • Community Features: Near Marta, Near Schools, Near Shopping, Street Lights
  • Subdivision Complex: Lakewood

Schools

  • Elementary School: John Wesley Dobbs
  • Middle School: Crawford Long
  • High School: South Atlanta

Lot Info

  • Acres: 0.2300
  • Land/Lot: 38
  • Deed Book: 60484
  • Deed Page: 265
  • Lot Features: Corner Lot, Front Yard, Landscaped, Level
  • Lot Dimensions: x
  • Parcel Number: 14 003800030079
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 1462.00
  • Assessor Parcel Number: 14-0038-0003-007-9
  • Close Date: 2022-04-25
  • Tax Year: 2021

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: John Wesley Dobbs
  • High School: South Atlanta
  • Middle School: Crawford Long

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2024
Closed on
Dec 5, 2024
Sold by
Sk Schilling Properties Llc
Bought by
Reawaken Capital Llc
Seller's Agent
Anthony Fontana
Cornerstone Real Estate Partners, LLC
Buyer's Agent
Anthony Fontana
Cornerstone Real Estate Partners, LLC
List Price
$230,000
Sold Price
$220,000
Premium/Discount to List
-$10,000
-4.35%
Views
108
Current Estimated Value
$281,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,498
Avg. Annual Appreciation
38.91%
Original Mortgage
$154,000
Outstanding Balance
$153,051
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$128,447

Purchase Details

Listed on
Apr 22, 2022
Closed on
Apr 25, 2022
Sold by
Cz4 Llc
Bought by
Sk Schilling Properties Llc
Seller's Agent
Allison Haywood
Bolst, Inc.
Buyer's Agent
Michael O'Connor
Cornerstone Real Estate Partners, LLC
List Price
$285,000
Sold Price
$300,000
Premium/Discount to List
$15,000
5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-11.29%

Purchase Details

Closed on
Dec 6, 2019
Sold by
Bx3 Llc
Bought by
Cz4 Llc

Purchase Details

Listed on
Jul 1, 2019
Closed on
Aug 22, 2019
Sold by
Mcclellon Orlando
Bought by
Bx3 Llc
Seller's Agent
Cheri McClellon
HomeSmart
Buyer's Agent
Cheri McClellon
HomeSmart
List Price
$179,900
Sold Price
$150,000
Premium/Discount to List
-$29,900
-16.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.02%
Original Mortgage
$136,368
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 28, 2017
Closed on
Feb 12, 2018
Sold by
Las Olas Bay Properties Pe
Bought by
Mcclellon Orlando
Seller's Agent
RICK HALE
Keller Wms Re Atl Midtown
Buyer's Agent
Deangelo Wright
Real Estate Gurus Realty, Inc.
List Price
$68,000
Sold Price
$65,000
Premium/Discount to List
-$3,000
-4.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
73.35%
Original Mortgage
$88,700
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 4, 2013
Sold by
Eal Ii Investments Llc
Bought by
Jis Real Estate Wholesaler Llc

Purchase Details

Closed on
Jun 16, 2010
Sold by
Bear Stearns I Llc 2005 & Ac6
Bought by
Eal Ii Investments Llc

Purchase Details

Closed on
May 4, 2010
Sold by
Lowin Bart
Bought by
Bear Stearns I Llc 2005 & Ac6

Purchase Details

Closed on
Nov 14, 2000
Sold by
Rogers Steve and Rogers Sandee
Bought by
Cherwenka Mike

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 24, 1998
Sold by
Goldmine Props Inc
Bought by
Cherwenka Mike

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,500
Interest Rate
7.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 1997
Sold by
Union Planters Natl Bk
Bought by
Sec & Hud
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

Date Type Sale Price Title Company
Warranty Deed $220,000 --
Limited Warranty Deed -- --
Warranty Deed -- --
Warranty Deed $150,000 --
Warranty Deed $65,000 --
Warranty Deed $59,300 --
Warranty Deed $62,689 --
Deed $17,000 --
Foreclosure Deed $102,764 --
Deed $100,000 --
Deed -- --
Deed -- --
Deed $61,500 --
Foreclosure Deed $61,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $154,000 New Conventional
Previous Owner $648,000 Commercial
Previous Owner $136,368 Commercial
Previous Owner $88,700 New Conventional
Previous Owner $80,000 New Conventional
Previous Owner $38,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2024 11/26/24 Sold $220,000 -4.3% $126 / Sq Ft
08/23/2024 08/23/24 Pending -- -- --
07/29/2024 07/29/24 For Sale $230,000 -23.3% $131 / Sq Ft
04/25/2022 04/25/22 Sold $300,000 +5.3% $171 / Sq Ft
04/22/2022 04/22/22 For Sale $285,000 +90.0% $163 / Sq Ft
08/22/2019 08/22/19 Sold $150,000 -11.2% $86 / Sq Ft
08/07/2019 08/07/19 Pending -- -- --
08/02/2019 08/02/19 Price Changed $168,900 -0.6% $96 / Sq Ft
07/15/2019 07/15/19 Price Changed $169,900 -2.9% $97 / Sq Ft
07/05/2019 07/05/19 Price Changed $174,900 -2.8% $100 / Sq Ft
07/01/2019 07/01/19 For Sale $179,900 +176.8% $103 / Sq Ft
02/12/2018 02/12/18 Sold $65,000 -4.4% $37 / Sq Ft
01/16/2018 01/16/18 Pending -- -- --
12/27/2017 12/27/17 For Sale $68,000 0.0% $39 / Sq Ft
11/28/2017 11/28/17 Pending -- -- --
10/05/2017 10/05/17 For Sale $68,000 -2.9% $39 / Sq Ft
09/29/2017 09/29/17 Pending -- -- --
06/28/2017 06/28/17 For Sale $70,028 -- $40 / 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 $5,288 $147,720 $25,760 $121,960
2023 $5,288 $137,240 $32,040 $105,200
2022 $1,910 $47,200 $7,840 $39,360
2021 $1,462 $47,200 $7,840 $39,360
2020 $1,714 $60,000 $7,840 $52,160
2019 $485 $41,840 $5,360 $36,480
2018 $1,032 $24,920 $4,160 $20,760
2017 $631 $14,600 $10,600 $4,000
2016 $632 $14,600 $10,600 $4,000
2015 $1,102 $14,600 $10,600 $4,000
2014 $519 $23,960 $4,000 $19,960
Source: Public Records

Agents Affiliated with this Home

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Source: First Multiple Listing Service (FMLS)

MLS Number: 7035172

First Multiple Listing Service (FMLS)

APN: 14-0038-0003-007-9