$289,000
SOLD MAY 8, 2025

5541 Downs Way Lithonia, GA 30058

3 Beds
2 Baths
1,824 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$158 Per Sq Ft

14 Days on Market

Highlights

  • Open-Concept Dining Room
  • Traditional Architecture
  • Neighborhood Views
  • Green Roof
  • Solid Surface Countertops
  • White Kitchen Cabinets

About This Home

As of May 2025

Seller's preferred lender offers a $12,500 free grant towards the buyer's purchase. Discover a fresh start in this remodeled home, boasting an ALL-NEW Kitchen w/ Quartz, Shaker Cabinets, Vinyl Windows, Waterproof LVP Flooring, HVAC-2024, Gas Water Heater-2024, and All Stainless-Steel Appliances. Great space and location for a growing family, roommate income, office use, and entertainment. Stone Mountain Park is a short drive away! Eligible for FHA or VA buyers! No HOA.

Last Agent to Sell the Property

Cong Nguyen

Ascend Realty Group, LLC License #368207 Listed on: 03/18/2025

Ascend Realty Group, LLC

Last Buyer's Agent

Whitney Agee

NOT A VALID MEMBER License #387094

NOT A VALID MEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,741

Year Built

  • Built in 1989 | Remodeled

Parking

  • 2 Car Attached Garage

Home Design

  • Traditional Architecture
  • Block Foundation
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1.5-Story Property
  • Gas Log Fireplace
  • Double Pane Windows
  • Bay Window
  • Family Room
  • Open-Concept Dining Room
  • Luxury Vinyl Tile Flooring
  • Neighborhood Views
  • Finished Basement
  • Partial Basement

Kitchen

  • Gas Oven
  • Gas Range
  • Range Hood
  • Dishwasher
  • Solid Surface Countertops
  • White Kitchen Cabinets

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom

Laundry

  • Laundry in Hall
  • Laundry on lower level

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Eco-Friendly Details

  • Green Roof
  • Energy-Efficient Appliances
  • Energy-Efficient HVAC
  • Energy-Efficient Lighting
  • Energy-Efficient Thermostat

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
  • 110 Volts
  • High-Efficiency Water Heater
  • Gas Water Heater

Additional Features

  • Patio
  • 6,098 Sq Ft Lot

Community Details

  • Panola Downs Subdivision

Listing and Financial Details

  • Assessor Parcel Number 16 059 01 365

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,741

Year Built

Built in 1989 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Property Condition: Updated/Remodeled
  • Year Built: 1989
  • Levels Stories: One and One Half
  • Above Grade Finished Sq Ft: 1484.00
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Luxury Vinyl
  • Fireplace Features: Gas Log, Gas Starter
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Range Hood
  • Interior Amenities: Walk-In Closet(s)
  • Basement: Finished, Partial
  • Kitchen Features: Cabinets White, Solid Surface Counters
  • Common Walls: No Common Walls
  • Additional Rooms: Family Room
  • Dining Room Features: Open Concept
  • Square Footage: 1824.00
  • Spa Features: None
  • Window Features: Bay Window(s), Double Pane Windows
  • Below Grade Finished Sq Ft: 340.00

Beds/Baths

  • Total Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Baths: 2
  • Master Bathroom Features: Double Vanity

Exterior Features

  • Construction Materials: Wood Siding
  • Roof Type: Composition
  • Patio And Porch Features: Patio
  • View: Neighborhood
  • Pool Private: No
  • Foundation: Block, Slab

Garage/Parking

  • Carport or Garage: 2
  • Number of Garage Spaces: 2
  • Parking Features: Attached, Garage

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Heating: Central, Natural Gas
  • Laundry Features: In Hall, Lower Level
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Electric: 110 Volts, 220 Volts

Condo/Co-op/Association

  • Subdivision Complex: Panola Downs

Schools

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

Lot Info

  • Acres: 0.1400
  • Lot Dimensions: x
  • Parcel Number: 16 059 01 365
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Efficiency: Appliances, HVAC, Lighting, Roof, Thermostat, Water Heater
  • Green Energy Generation: None

Tax Info

  • Taxes: 2741.00
  • Assessor Parcel Number: 16-059-01-365
  • Close Date: 2025-05-08
  • Tax Year: 2024

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 28, 2024
Sold by
Ward Clarence
Bought by
Out From Under Offers & Acquisitions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,500
Outstanding Balance
$33,912
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$241,461

Purchase Details

Closed on
Aug 26, 2009
Sold by
Us Bank Bafc Salt 2005-1F
Bought by
Ward Clarence and Atchison Rosa

Purchase Details

Closed on
Jul 7, 2009
Sold by
Bailey Vernice
Bought by
Suntrust Mtg Inc
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
Limited Warranty Deed $120,000 --
Quit Claim Deed -- --
Deed $41,000 --
Foreclosure Deed $35,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $197,500 New Conventional
Previous Owner $124,500 FHA
Previous Owner $108,000 Stand Alone Second
Previous Owner $19,000 Stand Alone Second
Previous Owner $123,300 Stand Alone Second
Previous Owner $94,400 Stand Alone Refi Refinance Of Original Loan
Previous Owner $23,600 Stand Alone Refi Refinance Of Original Loan
Previous Owner $22,600 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2025 05/08/25 Sold $289,000 0.0% $158 / Sq Ft
04/01/2025 04/01/25 Pending -- -- --
03/18/2025 03/18/25 For Sale $289,000 -- $158 / 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 $2,741 $97,640 $16,000 $81,640
2022 $2,158 $75,560 $7,200 $68,360
2021 $1,762 $58,400 $7,200 $51,200
2020 $1,511 $47,320 $7,200 $40,120
2019 $1,472 $46,240 $7,200 $39,040
2018 $1,062 $36,400 $7,200 $29,200
2017 $1,068 $32,040 $3,480 $28,560
2016 $937 $28,960 $3,480 $25,480
2014 $1,054 $32,320 $3,480 $28,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7542738

First Multiple Listing Service (FMLS)

APN: 16-059-01-365