NOT LISTED FOR SALE

540 John Wesley Dobbs Ave NE Atlanta, GA 30312

Old Fourth Ward Neighborhood

Estimated Value: $1,214,000 - $1,810,000

7 Beds
4 Baths
3,808 Sq Ft
$394/Sq Ft Est. Value

Last Sold January 14, 2022

Last sale price $1,345,000 $353 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $9,380/month

Highlights

  • City View
  • Property is near public transit
  • Park
  • Midtown High School Rated A+
  • Corner Lot
  • 4-minute walk to Homage to King Park

About This Home

As of January 2022

BACK ON MARKET - Welcome to The Dobbs. Incredible Multi-Unit Turkey Luxury Vacation Rental in the Heart of Old Fourth Ward just 4 blocks from The Beltline. The property is extremely RARE find located directly on Freedom Trail making true car free living possible. Currently operating as a 5-Star AIRBNB Since Jan 2021 but could be turned into monthly, long-term corporate/movie industry rental, or converted back to a single-family residence. The Dobbs comes Fully Furnished with everything you need to continue operations. Each unit features a stunning kitchen with New Appliances & Beautiful New Bathrooms. Professionally designed and fully stocked ready for business. Check out the fabulous outdoor amenities in the front and rear yard which has been a huge hit for our guests and will be for your future tenants. Dreamy landscaping throughout the property which creates a resort style atmosphere.

Easy street parking on John Wesley and Howell Street. Now is your chance to own this Luxury Income Property in the HOTTEST neighborhood in Atlanta.

Last Agent to Sell the Property

Justin Longenbach

HomeSmart License #305804 Listed on: 09/18/2021

HomeSmart

Last Buyer's Agent

Jose Alencar

Ansley Real Estate| Christie's International Real Estate License #325213

Ansley Real Estate| Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,558

Year Built

  • Built in 1920 | Remodeled

Lot Details

  • 5,375 Sq Ft Lot
  • Back and Front Yard Fenced
  • Corner Lot

Parking

  • 1 Parking Space

Home Design

  • Quadruplex
  • Composition Roof
  • Cement Siding

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • City Views
  • Carbon Monoxide Detectors

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient HVAC
  • Energy-Efficient Lighting
  • Energy-Efficient Thermostat

Location

  • Property is near public transit
  • Property is walking distance to MARTA
  • Property is near schools
  • Property is near shops
  • Property is near the Beltline

Schools

  • Hope-Hill Elementary School
  • David T Howard Middle School
  • Midtown High School

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Heat Pump System
  • High-Efficiency Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 14 004600061132

Community Details

Overview

  • 4 Units
  • Old Fourth Ward / Inman Park Subdivision

Recreation

  • Park
  • Trails

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,558

Year Built

Built in 1920 | Remodeled

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Quadruplex
  • Property Condition: Updated/Remodeled
  • Year Built: 1920
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Income

Interior Features

  • Window Features: None

Exterior Features

  • Construction Materials: Cement Siding
  • Roof Type: Composition
  • Fencing: Back Yard, Fenced, Front Yard, Wood
  • View: City

Garage/Parking

  • Number Of Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Carbon Monoxide Detector(s)
  • Cooling: Ceiling Fan(s), Central Air, Zoned
  • Heating: Central, Electric, Heat Pump, Natural Gas
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Community Features: Near Beltline, Near Marta, Near Schools, Near Shopping, Near Trails/Greenway, Park, Public Transportation, Sidewalks, Street Lights
  • Subdivision Complex: Old Fourth Ward / Inman Park

Fee Information

  • Annual Expenses: 25200

Schools

  • Elementary School: Hope-Hill
  • Middle School: David T Howard
  • High School: Midtown

Lot Info

  • Acres: 0.1234
  • Lot Features: Corner Lot
  • Parcel Number: 14 004600061132
  • Property Attached Yn: No

Green Features

  • Efficiency: Appliances, HVAC, Lighting, Thermostat, Water Heater
  • Green Energy Generation: None

Multi Family

  • Unit Count: 4
  • Number Of Units Total: 4

Tax Info

  • Taxes: 8558.00
  • Assessor Parcel Number: 14-0046-0006-113-2
  • Close Date: 2022-01-14
  • Tax Year: 2020

MLS Schools

  • Elementary School: Hope-Hill
  • High School: Midtown
  • Middle School: David T Howard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2021
Closed on
Jan 14, 2022
Sold by
Longenbach Justin
Bought by
Abh Realty Llc
Seller's Agent
Justin Longenbach
HomeSmart
Buyer's Agent
Jose Alencar
Ansley Real Estate| Christie's International Real Estate
List Price
$1,500,000
Sold Price
$1,345,000
Premium/Discount to List
-$155,000
-10.33%
Current Estimated Value
$1,499,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,057
Avg. Annual Appreciation
2.95%

Purchase Details

Closed on
Mar 3, 2004
Sold by
Hasan Bilal M and Hasan Gwendolyn K
Bought by
Blackburn Benjamin A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,250
Interest Rate
5.63%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Abh Realty Llc $1,345,000 --
Abh Realty Llc -- --
Blackburn Benjamin A $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Blackburn Benjamin A $206,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/14/2022 01/14/22 Sold $1,345,000 -10.3% $353 / Sq Ft
12/30/2021 12/30/21 Pending -- -- --
12/21/2021 12/21/21 For Sale $1,500,000 0.0% $394 / Sq Ft
11/17/2021 11/17/21 Pending -- -- --
11/10/2021 11/10/21 For Sale $1,500,000 0.0% $394 / Sq Ft
09/26/2021 09/26/21 Pending -- -- --
09/18/2021 09/18/21 For Sale $1,500,000 +130.8% $394 / Sq Ft
08/21/2020 08/21/20 Sold $650,000 -7.1% $171 / Sq Ft View Prior Sale
07/12/2020 07/12/20 Pending -- -- --
07/09/2020 07/09/20 For Sale $699,900 -- $184 / 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 $16,813 $600,440 $49,720 $550,720
2023 $18,034 $435,600 $92,000 $343,600
2022 $11,315 $279,600 $61,600 $218,000
2021 $8,374 $279,600 $55,440 $224,160
2020 $8,468 $206,720 $57,120 $149,600
2019 $807 $206,720 $57,120 $149,600
2018 $5,399 $206,720 $57,120 $149,600
2017 $4,787 $130,400 $41,840 $88,560
2016 $4,259 $130,400 $41,840 $88,560
2015 $4,716 $98,360 $20,000 $78,360
2014 $4,460 $98,360 $20,000 $78,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6943912

First Multiple Listing Service (FMLS)

APN: 14-0046-0006-113-2