NOT LISTED FOR SALE

5575 Downs Way Lithonia, GA 30058

Estimated Value: $236,245 - $280,000

4 Beds
2 Baths
1,998 Sq Ft
$132/Sq Ft Est. Value

Last Sold October 04, 2023

Last sale price $277,320 $139 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $1,655/month

7 Days on Market

Highlights

  • Traditional Architecture
  • High Ceiling
  • Stainless Steel Appliances
  • Main Floor Primary Bedroom
  • No HOA
  • Cul-De-Sac

About This Home

As of October 2023

Welcome Home! This newly renovated home has 4 bedrooms, 3 bathrooms, and a large 2 car attached garage. This home is in walking distance to many Marta stops and shopping centers and just 5 minutes from I-20. This home has a master on the main, new kitchen, two upgraded bathrooms, new flooring, carpet, and freshly painted throughout. This is one of the larger homes in this cul-de-sac with 1998 sqft of living space and a fenced backyard for plenty of fun and outdoor entertainment. Schedule an appointment to view the property today.

Last Agent to Sell the Property

Robert Davis

Davis Asset Realty, LLC License #326396 Listed on: 08/31/2023

Last Buyer's Agent

Fay Graham

Prestige Brokers Group, LLC License #318219

Prestige Brokers Group, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,282

Year Built

  • Built in 1989 | Remodeled

Lot Details

  • 8,712 Sq Ft Lot
  • Cul-De-Sac
  • Back Yard Fenced
  • Sloped Lot
  • Grass Covered Lot

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Roof
  • Press Board Siding

Interior Spaces

  • 1,998 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Fireplace With Gas Starter
  • Window Treatments
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Primary Bedroom on Main
  • Walk-In Closet
  • Double Vanity
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry in Mud Room
  • Laundry Room

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Panola Downs Subdivision

Listing and Financial Details

  • Legal Lot and Block 51 / B

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,282

Year Built

Built in 1989 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1989
  • ArchitecturalStyle: Traditional
  • Financing Type: FHA
  • Levels: Two
  • Lot Size Acres: .20
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 1998
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Dishwasher, Oven/Range (Combo), Stainless Steel Appliance(s)
  • Bedrooms: 4
  • Dining Room Features: Dining Rm/Living Rm Combo
  • Basement: None
  • Total Finished Sq Ft: 1998
  • Above Grade Finished Sq Ft: 1998
  • Interior Amenities: High Ceilings, Double Vanity, Soaking Tub, Separate Shower, Walk-In Closet(s), Master On Main Level
  • Full Bathrooms: 2
  • Fireplace Features: Living Room, Gas Starter
  • Flooring: Carpet, Vinyl
  • Window Features: Window Treatments

Beds/Baths

  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Bedroom Main Level: 1

Exterior Features

  • Construction Materials: Press Board
  • Fencing: Fenced, Back Yard, Wood
  • Foundation Details: Slab
  • Lot Features: Cul-De-Sac, Sloped
  • Property Condition: Updated/Remodeled
  • Roof: Composition

Garage/Parking

  • Parking Features: Attached, Garage
  • ParkingTotal: 2

Utilities

  • Cooling: Electric, Ceiling Fan(s), Central Air
  • Heating: Natural Gas, Central, Forced Air
  • Laundry Features: In Mud Room
  • Security Features: Smoke Detector(s)
  • Sewer: Public Sewer
  • Utilities: Sewer Connected, Electricity Available, Natural Gas Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Panola Way
  • High School: Redan
  • High School Bus: Yes
  • Middle School: Miller Grove
  • Middle School Bus: Yes

Lot Info

  • Land Lot: 59
  • Lot: 51

Multi Family

  • Total Fireplaces: 1

Tax Info

  • Year: 2022
  • Tax Annual Amount: 2282

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2022
Sold by
Leeb Rainer
Bought by
Leeb Rainer and Leeb Jill
Current Estimated Value
$263,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,248
Outstanding Balance
$43,367
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$220,194

Purchase Details

Closed on
Mar 31, 2020
Sold by
Leeb Rainer
Bought by
Leeb Family Trust

Purchase Details

Listed on
Aug 1, 2019
Closed on
Nov 4, 2019
Sold by
Stroude Charles
Bought by
Leeb Rainer
Seller's Agent
Cheri Benjamin
NOT A VALID MEMBER
Buyer's Agent
Robert Davis
Davis Asset Realty, LLC.
List Price
$120,000
Sold Price
$105,500
Premium/Discount to List
-$14,500
-12.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.14%
Original Mortgage
$79,125
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2019
Sold by
Stroude Stephanie Latrice
Bought by
Stroude Charles

Purchase Details

Closed on
Nov 15, 2010
Sold by
Gist Yelena
Bought by
Stroude Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,282
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 12, 2009
Sold by
Aurora Ln Svcs Llc
Bought by
Gist Yelena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
5.13%
Mortgage Type
Trade

Purchase Details

Closed on
Jul 3, 2007
Sold by
Hand Shirley
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Nov 6, 2003
Sold by
Keegan Dorothy M
Bought by
Hand Shirley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,520
Interest Rate
5.98%
Mortgage Type
New Conventional
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
Leeb Rainer -- --
Leeb Family Trust -- --
Leeb Rainer $105,500 --
Stroude Charles -- --
Stroude Stephanie $54,000 --
Gist Yelena $37,000 --
Aurora Loan Services Llc $130,734 --
Hand Shirley $128,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leeb Rainer $45,248
Previous Owner Leeb Rainer $79,125
Previous Owner Stroude Stephanie $53,282
Previous Owner Gist Yelena $20,000
Previous Owner Hand Shirley $102,520
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/04/2023 10/04/23 Sold $277,320 +3.1% $139 / Sq Ft
09/07/2023 09/07/23 Pending -- -- --
08/31/2023 08/31/23 For Sale $269,000 +155.0% $135 / Sq Ft
11/04/2019 11/04/19 Sold $105,500 -12.1% $53 / Sq Ft View Prior Sale
08/08/2019 08/08/19 Pending -- -- --
08/01/2019 08/01/19 For Sale $120,000 -- $60 / Sq Ft
Source: Georgia MLS

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 $3,225 $98,120 $16,000 $82,120
2024 $4,823 $100,040 $16,000 $84,040
2023 $4,823 $52,000 $6,760 $45,240
2022 $2,282 $52,000 $6,760 $45,240
2021 $2,194 $56,360 $7,200 $49,160
2020 $2,194 $42,200 $6,240 $35,960
2019 $2,410 $47,120 $7,200 $39,920
2018 $2,015 $44,800 $7,200 $37,600
2017 $1,934 $36,120 $3,480 $32,640
2016 $1,843 $33,960 $3,480 $30,480
2014 $1,940 $35,280 $3,480 $31,800
Source: Public Records

Agents Affiliated with this Home

  • Robert Davis

    Seller's Agent in 2023

    Robert Davis

    Davis Asset Realty, LLC

    (404) 399-7736

    1 in this area

    22 Total Sales

    Robert Davis
    Section Image
  • Fay Graham

    Buyer's Agent in 2023

    Fay Graham

    Prestige Brokers Group, LLC

    (404) 965-4080

    1 in this area

    26 Total Sales

    Fay Graham
    Section Image
  • Cheri Benjamin

    Seller's Agent in 2019

    Cheri Benjamin

    NOT A VALID MEMBER

    (678) 458-4037

    3 Total Sales

    Cheri Benjamin
    Section Image
  • Darrell Thomas

    Seller Co-Listing Agent in 2019

    Darrell Thomas

    Virtual Properties Realty.com

    (404) 702-9727

    2 in this area

    69 Total Sales

    Darrell Thomas
    Section Image
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Map

Source: Georgia MLS

MLS Number: 20144190

Georgia MLS

APN: 16-059-01-371

Georgia DeKalb County Lithonia 30058

5575 Downs Way, Lithonia, GA

Not Listed for Sale

Detached

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