$142,500
SOLD FEB 8, 2021

5567 Downs Way Lithonia, GA 30058

3 Beds
2 Baths
1,266 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$113 Per Sq Ft

11% Below List Price

7 Days on Market

Highlights

  • Traditional Architecture
  • Patio
  • Front Yard
  • Eat-In Kitchen

About This Home

As of February 2021

Sold as-is! Home needs some TLC, but the amount of space is a charmer. All bedrooms are located upstairs including an oversized master! First floor boast a large formal living room/ den, formal dining room, and a eat-in kitchen. Ready for a new owner or Investor! Must give 24 hours showing notice. Home is tenant occupied! No lockbox on property. PLEASE follow covid-19 procedures & wear a mask. No mask, No showing. Showings begin 12/17!!

Last Agent to Sell the Property

Ashley Mandowa

Mandowa and Company License #372275

Mandowa and Company

Last Buyer's Agent

Spencer Lindahl

NOT A VALID MEMBER License #350358

NOT A VALID MEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,742

Year Built

  • Built in 1990

Lot Details

  • 8,712 Sq Ft Lot
  • Front Yard

Home Design

  • Traditional Architecture
  • Shingle Roof

Interior Spaces

  • 1,266 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Driveway

Outdoor Features

  • Patio

Schools

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

Community Details

  • Panola Downs Subdivision

Listing and Financial Details

  • Assessor Parcel Number 16 059 01 370

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,742

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Property Condition: Resale
  • Year Built: 1990
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Fireplace Features: Living Room
  • Number Of Fireplaces: 1
  • Kitchen Features: Eat-in Kitchen, Laminate Counters
  • Common Walls: No Common Walls
  • Additional Rooms: Other
  • Square Footage: 1266.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Baths: 2

Exterior Features

  • Roof Type: Shingle
  • Patio And Porch Features: Patio

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Fire Alarm
  • Electric: Other

Condo/Co-op/Association

  • Subdivision Complex: Panola Downs

Schools

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

Lot Info

  • Acres: 0.2000
  • Lot Features: Front Yard
  • Lot Dimensions: x
  • Parcel Number: 16 059 01 370
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 1742.00
  • Assessor Parcel Number: 16-059-01-370
  • Close Date: 2021-02-08
  • Tax Year: 2020

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2021
Sold by
Arvm 5 Llc
Bought by
Armm Asset Co 1 Llc
Total Days on Market
7
Current Estimated Value
$259,901

Purchase Details

Listed on
Dec 14, 2020
Closed on
Feb 8, 2021
Sold by
Patel Rimisha
Bought by
Arvm 5 Llc
Seller's Agent
Ashley Mandowa
Mandowa and Company
Buyer's Agent
Spencer Lindahl
NOT A VALID MEMBER
List Price
$160,000
Sold Price
$142,500
Premium/Discount to List
-$17,500
-10.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.04%

Purchase Details

Closed on
Aug 9, 2007
Sold by
Hud-Housing Of Urban Dev
Bought by
Patel Rimisha and Patel Manish

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,250
Interest Rate
6.63%

Purchase Details

Closed on
Apr 5, 2005
Sold by
Commericail Fed Bk
Bought by
Hud

Purchase Details

Closed on
Jul 25, 2002
Sold by
Beasley Corey D and Beasley Christine L
Bought by
Fanfair Grace A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,038
Interest Rate
6.52%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 4, 1997
Sold by
Williams Johnny W and Williams Veronica J
Bought by
Beasley Corey D and Beasley Christine L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,320
Interest Rate
7.69%
Mortgage Type
FHA

Map

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $861,900 --
Warranty Deed $142,500 --
Deed -- --
Deed -- --
Foreclosure Deed $128,852 --
Deed $109,900 --
Deed $79,100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $104,100 New Conventional
Previous Owner $80,250 No Value Available
Previous Owner $109,038 FHA
Previous Owner $78,320 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2023 08/21/23 Rented $1,595 0.0% --
08/08/2023 08/08/23 Price Changed $1,595 -3.0% $1 / Sq Ft
07/30/2023 07/30/23 Price Changed $1,645 -2.9% $1 / Sq Ft
07/23/2023 07/23/23 Price Changed $1,695 -2.9% $1 / Sq Ft
06/30/2023 06/30/23 Price Changed $1,745 -2.8% $1 / Sq Ft
06/05/2023 06/05/23 For Rent $1,795 0.0% --
02/08/2021 02/08/21 Sold $142,500 -10.9% $113 / Sq Ft
12/21/2020 12/21/20 Pending -- -- --
12/14/2020 12/14/20 For Sale $160,000 -- $126 / Sq Ft
Source: First Multiple Listing Service (FMLS)

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 $5,175 $99,360 $16,000 $83,360
2022 $2,840 $57,000 $4,800 $52,200
2021 $2,283 $44,320 $7,200 $37,120
2020 $1,742 $32,000 $7,040 $24,960
2019 $1,742 $32,000 $7,040 $24,960
2018 $1,457 $32,960 $7,200 $25,760
2017 $1,255 $20,800 $2,912 $17,888
2016 $1,257 $20,800 $2,912 $17,888
2014 $850 $25,120 $3,480 $21,640
Source: Public Records

Source: First Multiple Listing Service (FMLS)

MLS Number: 6818905

First Multiple Listing Service (FMLS)

APN: 16-059-01-370