NOT LISTED FOR SALE
-- Beds
-- Baths
-- Sq Ft
0.33 Acre Lot

Sale Details

Date Sold: June 7, 2016

Last sale price $280,000

190 Days on Market

Highlights

  • Property is near public transit
  • 2 Car Attached Garage
  • Level Lot
  • Wheeler High School Rated A+
  • Central Heating

About This Home

As of June 2016

3 BUILDING OPPORTUNITY (1 OWNER)- 550 GRESHAM PARK DR, 551 GRESHAM PARK DR, AND 531 GRESHAM PARK DR. 14 TOTAL UNITS-TOTAL GROSS INCOME = $97,500/YR. 10% CAP. BRING YOUR 1031, INVESTORS, OR HEDGE FUND MANAGERS TO TAKE ADVANTAGE OF THIS INVESTMENT OPPORTUNITY. LOW EXPENSES & STABLE INCOME. GREAT RENTAL LOCATION! VALUES EXPECTED TO SOAR DUE TO PROXIMITY TO NEW FALCONS AND BRAVES STADIUMS.

Last Agent to Sell the Property

Jules Harper

Keller Williams Realty Signature Partners License #313788 Listed on: 11/19/2015

Keller Williams Realty Signature Partners

Last Buyer's Agent

Nahkema Parker

Keller Williams Realty Signature Partners License #365393

Keller Williams Realty Signature Partners
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,308

Year Built

  • Built in 1984

Lot Details

  • 14,375 Sq Ft Lot
  • Level Lot

Home Design

  • Composition Roof

Parking

  • 2 Car Attached Garage
  • Varies By Unit
  • Driveway
  • Parking Lot

Schools

  • Powers Ferry Elementary School
  • East Cobb Middle School
  • Wheeler High School

Additional Features

  • Property is near public transit
  • Central Heating

Community Details

  • 6 Units
  • Tall Pines Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 16109700390

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,308

Year Built

Built in 1984

Lot Details

0.33 Acres

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Condition: Resale
  • Year Built: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Property Details

  • Property: Residential Income

Exterior Features

  • Roof Type: Composition

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking Features: Attached, Driveway, Parking Lot, Varies by Unit

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Central, Electric

Condo/Co-op/Association

  • Community Features: Public Transportation
  • Subdivision Complex: TALL PINES

Fee Information

  • Annual Expenses: 10592

Lot Info

  • Acres: 0.3300
  • Lot: 1
  • Section G M D: 2
  • Plat Book: 95
  • Plat Page: 26
  • Lot Features: Level
  • Lot Dimensions: UNDER 1/3 ACRE
  • Parcel Number: 16109700390
  • Property Attached Yn: No

Tax Info

  • Taxes: 2308.00
  • Tax Year: 2015

Multi Family

  • Number Of Units Total: 6

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Powers Ferry
  • High School: Wheeler
  • Middle School: East Cobb

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 27, 2026
Sold by
Silvion Ramsundar
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Outstanding Balance
$429,244
Interest Rate
6.09%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Nov 19, 2015
Closed on
Jun 7, 2016
Sold by
Keodouangdy Somphone
Bought by
Ramsundar Silvion
Seller's Agent
Jules Harper
Keller Williams Realty Signature Partners
Buyer's Agent
Nahkema Parker
Keller Williams Realty Signature Partners
List Price
$300,000
Sold Price
$280,000
Premium/Discount to List
-$20,000
-6.67%

Purchase Details

Closed on
Dec 8, 2009
Sold by
Branch Bkng & Trust Co
Bought by
Keodouangdy Somphona and Keodouangdy Vanthong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
4.82%
Mortgage Type
Commercial

Purchase Details

Closed on
May 5, 2009
Sold by
Element Properties Llc
Bought by
Bb & T

Purchase Details

Closed on
Jul 17, 2006
Sold by
Rudolph Lee E
Bought by
Eminet Properties Llc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$570,000 None Listed On Document
Ramsundar Silvion $650,000 --
Keodouangdy Somphona $118,200 --
Bb & T $200,000 --
Eminet Properties Llc $212,000 --
Eminent Properties Llc -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $510,000
Previous Owner Keodouangdy Somphona $88,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/07/2016 06/07/16 Sold $280,000 -6.7% --
05/27/2016 05/27/16 Pending -- -- --
11/19/2015 11/19/15 For Sale $300,000 -- --
Source: First Multiple Listing Service (FMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,506 $215,920 $8,516 $207,404
2024 $6,510 $215,920 $8,516 $207,404
2023 $6,504 $215,720 $8,516 $207,204
2022 $4,171 $137,440 $7,860 $129,580
2021 $3,330 $109,720 $7,860 $101,860
2020 $3,330 $109,720 $7,860 $101,860
2019 $3,330 $109,720 $7,860 $101,860
2018 $3,330 $109,720 $7,860 $101,860
2017 $3,154 $109,720 $7,860 $101,860
2016 $3,141 $109,240 $3,276 $105,964
2015 $2,308 $78,360 $3,276 $75,084
2014 $2,325 $78,240 $3,276 $74,964
Source: Public Records

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5621733

First Multiple Listing Service (FMLS)
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