NOT LISTED FOR SALE

5503 Bishops Cir Norcross, GA 30093

Estimated Value: $308,473 - $416,000

5 Beds
3 Baths
1,893 Sq Ft
$204/Sq Ft Est. Value

Last Sold March 23, 2018

Last sale price $198,000 $105 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $2,454/month

5 Days on Market

Highlights

  • Private Lot
  • Accessible Entrance
  • Property is near shops
  • McClure Health Science High School Rated A-
  • Four Sided Brick Exterior Elevation
  • Forced Air Heating System

About This Home

As of March 2018

Great income producing 4-sides brick duplex in close-in Gwinnett's high demand rental area. . Unit A has new HVAC;Lowflow toilet & new LVT flooring throughout & B in LR-DR with carpet in BRs & stairs; Both units have new interior paint; added insulation; fenced rear yards, large attached storage rooms. New water line installed in 2017. Unit A was rented for $875 last 4 years - $900 projected rent for new tenant. Please do not go on property without an appointment. Convenient to shopping, schools, parks, churches, golf course and I-85

Last Agent to Sell the Property

Margaret D Mayfield

NOT A VALID MEMBER License #13921 Listed on: 02/23/2018

NOT A VALID MEMBER

Last Buyer's Agent

Debra Moon

HomeSold GA, LLC License #244860

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,522

Year Built

  • Built in 1979

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 100x190x100x190
  • Fenced
  • Private Lot

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof
  • Four Sided Brick Exterior Elevation

Parking

  • 2 Parking Spaces
  • Varies By Unit
  • Driveway Level

Eco-Friendly Details

  • Energy-Efficient Insulation
  • Energy-Efficient Doors
  • Energy-Efficient Thermostat

Schools

  • Lilburn Elementary And Middle School
  • Meadowcreek High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • Accessible Entrance
  • Property is near shops

Community Details

  • 2 Units
  • Castleaire Subdivision

Listing and Financial Details

  • Legal Lot and Block 18 / B
  • Assessor Parcel Number R6172 057

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,522

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Duplex
  • Property Condition: Resale
  • Year Built: 1979
  • Accessibility Features: Accessible Entrance
  • Special Features: None

Property Details

  • Property: Residential Income

Exterior Features

  • Other Structures: Storage - Other
  • Construction Materials: Brick 4 Sides
  • Roof Type: Composition, Shingle
  • Fencing: Fenced

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Central, Forced Air, Natural Gas
  • Utilities: Cable Available

Condo/Co-op/Association

  • Community Features: Near Shopping
  • Subdivision Complex: Castleaire

Lot Info

  • Acres: 0.5000
  • Lot: 18
  • Lot Features: Private
  • Lot Dimensions: 100x190x100x190
  • Parcel Number: R6172 057
  • Property Attached Yn: No

Green Features

  • Efficiency: Doors, Insulation, Thermostat

Tax Info

  • Taxes: 2522.00
  • Tax Year: 2017

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: Lilburn
  • High School: Meadowcreek
  • Middle School: Lilburn

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2018
Closed on
Mar 23, 2018
Sold by
Mayer Gregory Stuart
Bought by
Mayer Gregory Stuart and Adshade Cynthia
Seller's Agent
Margaret D Mayfield
NOT A VALID MEMBER
Buyer's Agent
Debra Moon
HomeSold GA, LLC
List Price
$204,700
Sold Price
$198,000
Premium/Discount to List
-$6,700
-3.27%
Current Estimated Value
$386,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,868
Avg. Annual Appreciation
9.08%
Original Mortgage
$194,413
Outstanding Balance
$167,681
Interest Rate
4.75%
Mortgage Type
FHA
Estimated Equity
$219,187
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
Mayer Gregory Stuart $198,000 --
Mayer Gregory Stuart $198,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mayer Gregory Stuart $194,413
Closed Mayer Gregory Stuart $194,413
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2018 03/23/18 Sold $198,000 -3.3% $105 / Sq Ft
02/28/2018 02/28/18 Pending -- -- --
02/23/2018 02/23/18 For Sale $204,700 -- $108 / 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 $5,028 $179,720 $18,000 $161,720
2024 $4,686 $156,400 $18,000 $138,400
2023 $4,686 $122,000 $16,000 $106,000
2022 $3,887 $122,000 $16,000 $106,000
2021 $3,444 $98,920 $16,000 $82,920
2020 $3,464 $98,920 $16,000 $82,920
2019 $2,952 $79,200 $16,000 $63,200
2018 $2,914 $68,320 $13,600 $54,720
2016 $2,500 $55,400 $11,200 $44,200
2015 $1,939 $38,800 $8,800 $30,000
2014 -- $38,800 $8,800 $30,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Margaret D Mayfield

    NOT A VALID MEMBER

    Section Image
  • Debra Moon

    Buyer's Agent in 2018

    Debra Moon

    HomeSold GA, LLC

    (678) 910-0969

    46 Total Sales

    Debra Moon
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5969342

First Multiple Listing Service (FMLS)

APN: 6-172-057

Georgia Gwinnett County Norcross 30093

5503 Bishops Cir, Norcross, GA

Not Listed for Sale

MultiFamily

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