NOT LISTED FOR SALE

5531 Marbut Rd Lithonia, GA 30058

Estimated Value: $218,990 - $282,000

3 Beds
2 Baths
1,627 Sq Ft
$148/Sq Ft Est. Value

Last Sold September 28, 2017

Last sale price $75,000 $46 Per Sq Ft

Est. 222% increase in value since last sale

Current estimated payment $1,512/month

Highlights

  • Open-Concept Dining Room
  • Wooded Lot
  • Den
  • Property is walking distance to MARTA
  • Country Style Home
  • Ceiling height of 10 feet on the main level

About This Home

As of September 2017

GREAT INVESTMENT PROPERTY, LARGE OPEN FLOOR PLAN, CLOSE TO PUBLIC TRANSPORTATION. NO SELLERS DISCLOSURE SELLER NEVER LIVED IN PROPERTY.

Last Agent to Sell the Property

Rovelt Smith

BHGRE Metro Brokers License #296078 Listed on: 07/15/2016

BHGRE Metro Brokers

Last Buyer's Agent

Charita Allen

HomeSmart License #242358

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,318

Year Built

  • Built in 1985

Lot Details

  • 8,712 Sq Ft Lot
  • Fenced
  • Sloped Lot
  • Wooded Lot

Parking

  • 1 Car Attached Garage
  • Drive Under Main Level

Home Design

  • Country Style Home
  • Brick Front

Interior Spaces

  • 1,627 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 10 feet on the main level
  • Open-Concept Dining Room
  • Den
  • Keeping Room with Fireplace
  • Carpet
  • Crawl Space
  • Fire and Smoke Detector
  • Laundry on main level

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Dual Closets
  • Walk-In Closet
  • 2 Full Bathrooms
  • Double Vanity
  • Soaking Tub

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Thermostat

Location

  • Property is walking distance to MARTA
  • Property is near schools
  • Property is near shops

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • Marbut Forest Subdivision

Listing and Financial Details

  • Legal Lot and Block 103 / 1
  • Assessor Parcel Number 16 059 01 021

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,318

Year Built

Built in 1985

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Country
  • Property Condition: Resale
  • Year Built: 1985
  • Levels Stories: One
  • Special Features: None
  • Stories: 1

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Carpet
  • Fireplace Features: Keeping Room
  • Number Of Fireplaces: 1
  • Appliances: Refrigerator
  • Interior Amenities: Double Vanity, High Ceilings 9 ft Main, High Ceilings 10 ft Main, His and Hers Closets, Walk-In Closet(s)
  • Basement: Crawl Space
  • Kitchen Features: Eat-in Kitchen, Laminate Counters
  • Common Walls: No Common Walls
  • Additional Rooms: Den
  • Dining Room Features: Open Concept
  • Square Footage: 1627.00

Beds/Baths

  • Total Bedrooms: 3
  • Total Full Baths: 2
  • Master Bathroom Features: Soaking Tub

Exterior Features

  • Construction Materials: Brick Front
  • Fencing: Fenced

Garage/Parking

  • Carport or Garage: 1
  • Number of Garage Spaces: 1
  • Parking Features: Attached, Drive Under Main Level, Garage

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Fire Alarm, Smoke Detector(s)
  • Cooling: Central Air, Zoned
  • Heating: Natural Gas
  • Laundry Features: Main Level
  • Utilities: Cable Available

Condo/Co-op/Association

  • Community Features: Near Marta, Near Schools, Near Shopping, Street Lights
  • Association Fee Frequency: Annually
  • Master Association Fee Frequency: Annually
  • Subdivision Complex: MARBUT FOREST

Schools

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

Lot Info

  • Acres: 0.2000
  • Lot: 103
  • Lot Features: Sloped, Wooded
  • Lot Dimensions: 8712
  • Parcel Number: 16 059 01 021
  • Property Attached Yn: No

Green Features

  • Efficiency: Appliances, Thermostat

Tax Info

  • Taxes: 1318.00
  • Assessor Parcel Number: 16-059-01-021
  • Close Date: 2017-09-28
  • Tax Year: 2014

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Panola Way
  • High School: Redan
  • Middle School: Redan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 23, 2019
Sold by
Ivy Ink Llc
Bought by
Ivy Joseph
Current Estimated Value
$241,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 15, 2016
Closed on
Sep 29, 2017
Sold by
Smith Patrick
Bought by
Ivy Ink Llc
Seller's Agent
Rovelt Smith
BHGRE Metro Brokers
Buyer's Agent
Charita Allen
HomeSmart
List Price
$79,900
Sold Price
$75,000
Premium/Discount to List
-$4,900
-6.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.72%
Original Mortgage
$75,000
Interest Rate
3.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 11, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Smith Patrick

Purchase Details

Closed on
Jul 6, 2010
Sold by
Gmac Mtg Llc
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jul 30, 2003
Sold by
Peek William J
Bought by
Milligan Nora L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,200
Interest Rate
5.24%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Ivy Joseph -- --
Ivy Ink Llc $75,000 --
Smith Patrick -- --
Federal Home Loan Mortgage Corporation -- --
Gmac Mtg Llc $50,000 --
Milligan Nora L $86,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ivy Joseph $200,000
Closed Ivy Joseph $78,000
Previous Owner Ivy Ink Llc $75,000
Previous Owner Milligan Nora L $104,000
Previous Owner Milligan Nora L $78,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2017 09/28/17 Sold $75,000 -6.1% $46 / Sq Ft
06/14/2017 06/14/17 Pending -- -- --
01/18/2017 01/18/17 For Sale $79,900 +6.5% $49 / Sq Ft
01/15/2017 01/15/17 Off Market $75,000 -- --
07/15/2016 07/15/16 For Sale $79,900 -- $49 / 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
2024 $2,827 $86,400 $15,200 $71,200
2023 $2,827 $75,520 $5,720 $69,800
2022 $3,201 $65,800 $5,720 $60,080
2021 $2,518 $50,240 $5,720 $44,520
2020 $2,364 $46,720 $5,680 $41,040
2019 $2,053 $39,640 $5,680 $33,960
2018 $1,571 $30,000 $5,040 $24,960
2017 $1,597 $29,120 $2,880 $26,240
2016 $1,430 $25,280 $2,880 $22,400
2014 $1,318 $22,200 $2,880 $19,320
Source: Public Records

Agents Affiliated with this Home

  • Rovelt Smith

    Seller's Agent in 2017

    Rovelt Smith

    Better Homes and Gardens Real Estate

    (404) 895-9898

    3 in this area

    39 Total Sales

    Rovelt Smith
    Section Image

  • C

    Buyer's Agent in 2017

    Charita Allen

    HomeSmart

    (404) 422-7241

    1 in this area

    11 Total Sales

    Charita Allen
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5721040

First Multiple Listing Service (FMLS)

APN: 16-059-01-021

Georgia DeKalb County Lithonia 30058

5531 Marbut Rd, Lithonia, GA

This home is located at 5531 Marbut Rd, Lithonia, GA 30058 since 15 July 2016 and is currently estimated at $241,498, approximately $148 per square foot. This property was built in 1985. 5531 Marbut Rd is a home located in DeKalb County with nearby schools including Panola Way Elementary School, Miller Grove Middle School, and Miller Grove High School.

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