$155,000
SOLD MAY 19, 2021

5536 Marbut Forest Way Lithonia, GA 30058

3 Beds
2.5 Baths
1,554 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$100 Per Sq Ft

3% Above List Price

3 Days on Market

Highlights

  • Open-Concept Dining Room
  • Deck
  • Property is walking distance to MARTA
  • City View
  • Contemporary Architecture
  • Cul-De-Sac

About This Home

As of May 2021

Excellent opportunity for an owner occupant or investor. Nice 3/2 in a great location. Tenant occupied. Do not disturb tenant!! Tenant month to month. Rent $1250. No showings till due diligence

Last Agent to Sell the Property

James Carswell

Keller Williams Realty Chattahoochee North, LLC License #240094 Listed on: 02/15/2021

Keller Williams Realty Chattahoochee North, LLC

Last Buyer's Agent

George Kypreos

GK Properties, LLC License #394360

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,631

Year Built

  • Built in 1987

Lot Details

  • 8,712 Sq Ft Lot
  • Property fronts a private road
  • Cul-De-Sac
  • Level Lot

Parking

  • 1 Car Garage

Home Design

  • Contemporary Architecture
  • Split Level Home
  • Slab Foundation
  • Frame Construction
  • Composition Roof

Interior Spaces

  • Factory Built Fireplace
  • Family Room with Fireplace
  • Open-Concept Dining Room
  • Vinyl Flooring
  • City Views
  • Fire and Smoke Detector
  • Gas Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathtub and Shower Combination in Primary Bathroom

Schools

  • Panola Way Elementary School
  • Miller Grove Middle School
  • Miller Grove High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • 220 Volts
  • Cable TV Available

Additional Features

  • Energy-Efficient Thermostat
  • Deck
  • Property is walking distance to MARTA

Community Details

  • Marbut Forest Subdivision

Listing and Financial Details

  • Tax Lot 70
  • Assessor Parcel Number 16 059 01 199

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,631

Year Built

Built in 1987

Lot Details

0

Parking

1

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary/Modern
  • Property Condition: Resale
  • Year Built: 1987
  • Levels Stories: Multi/Split
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Vinyl
  • Fireplace Features: Factory Built, Family Room
  • Number Of Fireplaces: 1
  • Appliances: Gas Range
  • Kitchen Features: Cabinets Other, Pantry
  • Common Walls: No Common Walls
  • Additional Rooms: Family Room
  • Dining Room Features: Open Concept
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 3
  • Total Bathrooms: 3
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Lower Half Bathrooms: 1
  • Master Bathroom Features: Tub/Shower Combo

Exterior Features

  • Construction Materials: Frame
  • Roof Type: Composition
  • Patio And Porch Features: Deck
  • View: City
  • Foundation: Slab

Garage/Parking

  • Carport or Garage: 1
  • Number of Garage Spaces: 1
  • Parking Features: Garage

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Heating: Central, Natural Gas
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Water Available
  • Electric: 220 Volts

Condo/Co-op/Association

  • Community Features: Near Marta, Street Lights
  • Subdivision Complex: Marbut Forest

Schools

  • Elementary School: Panola Way
  • Middle School: Miller Grove
  • High School: Miller Grove

Lot Info

  • Acres: 0.2000
  • Lot: 70
  • Lot Features: Cul-De-Sac, Level
  • Parcel Number: 16 059 01 199
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Efficiency: Thermostat
  • Green Energy Generation: None

Tax Info

  • Taxes: 1631.00
  • Assessor Parcel Number: 16-059-01-199
  • Close Date: 2021-05-19
  • Tax Year: 2019

MLS Schools

  • Elementary School: Panola Way
  • High School: Miller Grove
  • Middle School: Miller Grove

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2021
Closed on
May 19, 2021
Sold by
Green Patrice E
Bought by
Progress Atlanta Llc
Seller's Agent
James Carswell
Keller Williams Realty Chattahoochee North, LLC
Buyer's Agent
George Kypreos
GK Properties, LLC
List Price
$149,900
Sold Price
$155,000
Premium/Discount to List
$5,100
3.4%
Current Estimated Value
$235,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,674
Avg. Annual Appreciation
10.52%

Purchase Details

Closed on
Jul 14, 1999
Sold by
Secretary and Hud
Bought by
Green Patrice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,150
Interest Rate
7.58%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 30, 1993
Sold by
Jones David Mitzi T
Bought by
Dobard Lonnie Barbara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,175
Interest Rate
10%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $155,000 --
Deed -- --
Deed $8,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $77,595 FHA
Previous Owner $87,303 Stand Alone Second
Previous Owner $90,150 FHA
Previous Owner $77,175 FHA
Closed $2,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2021 08/24/21 Rented $1,885 +2.2% --
08/11/2021 08/11/21 Under Contract -- -- --
08/05/2021 08/05/21 Price Changed $1,845 +1.1% $1 / Sq Ft
08/02/2021 08/02/21 For Rent $1,825 0.0% --
05/19/2021 05/19/21 Sold $155,000 +3.4% $100 / Sq Ft
02/18/2021 02/18/21 Pending -- -- --
02/15/2021 02/15/21 For Sale $149,900 -- $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
2023 $4,517 $87,080 $6,000 $81,080
2022 $3,058 $62,000 $4,920 $57,080
2021 $2,509 $49,480 $6,000 $43,480
2020 $2,231 $43,160 $6,000 $37,160
2019 $1,968 $37,160 $6,000 $31,160
2018 $1,497 $29,800 $6,000 $23,800
2017 $1,512 $26,640 $3,040 $23,600
2016 $1,389 $23,800 $3,040 $20,760
2014 $1,357 $22,520 $3,040 $19,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6840452

First Multiple Listing Service (FMLS)

APN: 16-059-01-199