NOT LISTED FOR SALE

5408 Langhorn Way Unit 1 Norcross, GA 30093

Estimated Value: $344,741 - $396,000

4 Beds
2 Baths
1,948 Sq Ft
$191/Sq Ft Est. Value

Last Sold November 16, 2016

Last sale price $160,000 $82 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $2,417/month

24 Days on Market

Highlights

  • Corner Lot
  • Four Sided Brick Exterior Elevation
  • Forced Air Heating System
  • McClure Health Science High School Rated A-

About This Home

As of November 2016

These Duplexes always have high demand from renters. The 2 Br side tenant is there for many years and currently the landlord is raising rent to $750.
The 3 Br side has the potential rent between $850 to $900. Great cash flow units. Investor owned and no disclosures.

Last Agent to Sell the Property

Shaji George

Trend Atlanta Realty, Inc. License #266490 Listed on: 10/14/2016

Last Buyer's Agent

TRI L BUI

Milestone Realty, Inc. License #208520

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,805

Year Built

  • Built in 1974

Lot Details

  • 0.33 Acre Lot
  • Corner Lot

Parking

  • Carport

Home Design

  • Duplex
  • Tile Roof
  • Four Sided Brick Exterior Elevation

Schools

  • Rockbridge - Gwinnett Elementary School
  • Lilburn Middle School
  • Meadowcreek High School

Utilities

  • Forced Air Heating System

Community Details

  • 2 Units
  • Castleaire Subdivision

Listing and Financial Details

  • Assessor Parcel Number R6171 129
  • Tax Block C

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,805

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Duplex
  • Property Condition: Resale
  • Year Built: 1974
  • Special Features: None

Property Details

  • Property: Residential Income

Exterior Features

  • Construction Materials: Brick 4 Sides
  • Roof Type: Tile

Garage/Parking

  • Parking Features: Carport

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Central, Forced Air

Condo/Co-op/Association

  • Subdivision Complex: Castleaire

Lot Info

  • Acres: 0.3300
  • Lot Features: Corner Lot
  • Lot Dimensions: .3
  • Parcel Number: R6171 129
  • Property Attached Yn: No

Tax Info

  • Taxes: 1805.00
  • Tax Year: 2015

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: Rockbridge - Gwinnett
  • High School: Meadowcreek
  • Middle School: Lilburn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 22, 2024
Sold by
Duong Vanessa
Bought by
Duong Vanessa and Le Ngan Thi
Current Estimated Value
$372,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,000
Outstanding Balance
$262,693
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$109,492

Purchase Details

Listed on
Oct 14, 2016
Closed on
Nov 16, 2016
Sold by
Thi
Bought by
Le Ngan Thi and Duong Vanessa
Seller's Agent
Shaji George
Trend Atlanta Realty, Inc.
Buyer's Agent
TRI L BUI
Milestone Realty, Inc.
List Price
$187,900
Sold Price
$160,000
Premium/Discount to List
-$27,900
-14.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.77%

Purchase Details

Closed on
Dec 8, 2005
Sold by
Cain Kelly
Bought by
Abraham Achamma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
6.19%

Purchase Details

Closed on
Nov 19, 2004
Sold by
Gradick Craig M
Bought by
Cain Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,480
Interest Rate
5.62%

Purchase Details

Closed on
Jun 16, 1997
Sold by
Preiss Klaus and Preiss Rebecca J
Bought by
Gradick Craig M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,450
Interest Rate
7.98%

Purchase Details

Closed on
Apr 17, 1995
Sold by
Secretary Of Hud
Bought by
Preiss Klaus Rebecca
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
Duong Vanessa -- --
Duong Vanessa -- --
Le Ngan Thi $160,000 --
Le Ngan Thi $160,000 --
Abraham Achamma $170,000 --
Cain Kelly $154,400 --
Gradick Craig M $110,500 --
Preiss Klaus Rebecca -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Duong Vanessa $266,000
Previous Owner Abraham Achamma $136,000
Previous Owner Cain Kelly $123,480
Previous Owner Gradick Craig M $99,450
Closed Preiss Klaus Rebecca $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/16/2016 11/16/16 Sold $160,000 -14.8% $82 / Sq Ft
11/07/2016 11/07/16 Pending -- -- --
10/14/2016 10/14/16 For Sale $187,900 -- $96 / 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 $5,579 $140,680 $18,000 $122,680
2024 $5,009 $123,040 $18,000 $105,040
2023 $5,009 $97,040 $16,000 $81,040
2022 $3,256 $76,000 $16,000 $60,000
2021 $3,276 $76,000 $16,000 $60,000
2020 $3,290 $80,240 $16,000 $64,240
2019 $3,170 $75,720 $16,000 $59,720
2018 $2,723 $63,280 $13,600 $49,680
2016 $2,318 $50,640 $11,200 $39,440
2015 $1,805 $35,440 $8,800 $26,640
2014 -- $35,440 $8,800 $26,640
Source: Public Records

Agents Affiliated with this Home

  • Shaji George

    Seller's Agent in 2016

    Shaji George

    Trend Atlanta Realty, Inc.

    (678) 471-8275

    3 in this area

    45 Total Sales

    Shaji George
    Section Image

  • T

    Buyer's Agent in 2016

    TRI L BUI

    Milestone Realty, Inc.

    (678) 678-8700

    2 in this area

    29 Total Sales

    TRI L BUI
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5762090

First Multiple Listing Service (FMLS)

APN: 6-171-129

Georgia Gwinnett County Norcross 30093

5408 Langhorn Way Unit 1, Norcross, GA

Not Listed for Sale

MultiFamily

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