$300,000

5490 Marbut Rd Lithonia, GA 30058

Estimated payment $1,953/month

Total Views 1,452
4 Beds
2 Baths
1,736 Sq Ft
$173 Price per Sq Ft

Highlights

  • Private Lot
  • Patio
  • Central Heating and Cooling System
  • Ranch Style House
  • Central Living Area
  • Carpet

About This Home

Recently renovated and tenant-occupied, this ranch home is the perfect investment property! The home features a spacious formal living room, cozy family room, and a modern eat-in kitchen complete with granite countertops. Both bathrooms have been updated, including a beautifully renovated master bath with a stand-up shower. Additional highlights include: Large backyard, freshly poured driveway with extra parking, and new gutters installed

Currently occupied by a Section 8 tenant, this home offers investors instant rental income potential. The tenant is flexible and open to breaking the lease if needed, offering versatility for both buy-and-hold or resale strategies. Conveniently located near schools, shopping, restaurants, and major interstates (I-20 & I-285).

Listing Agent

Lola Egbewole

Sparen Realty ATL License #386643 Listed on: 08/21/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,862

Year Built

  • Built in 1981

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 132 x 120
  • Private Lot
  • Back Yard

Parking

  • Driveway Level

Home Design

  • Ranch Style House

Interior Spaces

  • 1,736 Sq Ft Home
  • Carpet
  • Washer

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Schools

  • Panola Way Elementary School
  • Redan Middle School
  • Redan High School

Additional Features

  • Central Living Area
  • Patio
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 16 059 04 001

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,862

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Standard Status: Active
  • Property Type: Residential
  • MLS Status: Active
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Condition: Resale
  • Year Built: 1981
  • Accessibility Features: Accessible Central Living Area
  • Levels Stories: One
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Carpet
  • Appliances: Dishwasher, Microwave, Refrigerator, Washer
  • Common Walls: No Common Walls
  • Additional Rooms: Other
  • Square Footage: 1736.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 4
  • Bedroom Features: Master on Main
  • Main Bedrooms: 4
  • Total Bathrooms: 2
  • Total Full Baths: 2
  • Main Full Bathrooms: 2

Exterior Features

  • Patio And Porch Features: Patio
  • Pool Private: No
  • Foundation: None

Garage/Parking

  • Parking Features: Level Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Heating: Central
  • Utilities: Electricity Available
  • Electric: Other

Schools

  • Elementary School: Panola Way
  • Middle School: Redan
  • High School: Redan

Lot Info

  • Acres: 0.3500
  • Lot Features: Back Yard, Private
  • Lot Dimensions: 132 x 120
  • Parcel Number: 16 059 04 001
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 3862.00
  • Assessor Parcel Number: 16-059-04-001
  • Tax Year: 2024

MLS Schools

  • Elementary School: Panola Way
  • High School: Redan
  • Middle School: Redan

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $4,461 $91,320 $15,200 $76,120
2023 $4,461 $87,400 $15,200 $72,200
2022 $3,186 $64,360 $7,600 $56,760
2021 $2,627 $51,640 $3,920 $47,720
2020 $2,108 $39,800 $3,920 $35,880
2019 $2,120 $40,080 $3,920 $36,160
2018 $1,190 $28,760 $3,920 $24,840
2017 $1,517 $25,400 $3,048 $22,352
2016 $1,483 $25,400 $3,048 $22,352
2014 $760 $8,800 $2,552 $6,248
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2025 08/21/25 For Sale $300,000 0.0% $173 / Sq Ft
02/27/2025 02/27/25 Rented $1,700 0.0% --
01/21/2025 01/21/25 Under Contract -- -- --
12/02/2024 12/02/24 Price Changed $1,700 -2.9% $1 / Sq Ft
11/24/2024 11/24/24 For Rent $1,750 0.0% --
11/18/2024 11/18/24 Rented $1,750 0.0% --
09/20/2024 09/20/24 For Rent $1,750 0.0% --
04/17/2017 04/17/17 Sold $95,000 -10.3% $55 / Sq Ft
04/02/2017 04/02/17 Pending -- -- --
01/17/2017 01/17/17 For Sale $105,900 -- $61 / Sq Ft
Source: First Multiple Listing Service (FMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $95,000 --
Warranty Deed -- --
Foreclosure Deed $46,000 --
Deed $91,000 --
Deed $74,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $161,000 New Conventional
Closed $39,100 New Conventional
Previous Owner $93,750 Stand Alone Second
Closed $0 No Value Available
Source: Public Records

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Source: First Multiple Listing Service (FMLS)

MLS Number: 7636444

First Multiple Listing Service (FMLS)

APN: 16-059-04-001