$105,500
SOLD NOV 4, 2019

5575 Downs Way Lithonia, GA 30058

4 Beds
2 Baths
1,998 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$53 Per Sq Ft

12% Below List Price

Highlights

  • Colonial Architecture
  • Main Floor Primary Bedroom
  • Ceiling height of 9 feet on the lower level
  • Wood Flooring
  • Solid Surface Countertops
  • Private Rear Entry

About This Home

As of October 2023

This home is in a great locating in walking distance to many Marta stops and shopping centers. The rent in the area ranges from $1200-1400 for a 4 bedroom. This home has a great master on the main, 30 year roof & a 4 year old HVAC system. This home has plenty of lot space and is located in a cul-de-sac. This is a great starter home or investment opportunity.

Last Agent to Sell the Property

Cheri Benjamin

Real Broker, LLC. License #354010 Listed on: 08/01/2019

Real Broker, LLC.

Co-Listed By

Darrell Thomas

Virtual Properties Realty.com License #371519

Last Buyer's Agent

Robert Davis

Davis Asset Realty, LLC. License #326396

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,000

Year Built

  • Built in 1989

Lot Details

  • 8,712 Sq Ft Lot
  • Property fronts a private road
  • Wood Fence
  • Sloped Lot

Parking

  • 2 Car Garage
  • Front Facing Garage

Home Design

  • Colonial Architecture
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,998 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet on the lower level
  • Fireplace With Gas Starter
  • Private Rear Entry
  • Wood Flooring
  • Dryer

Kitchen

  • Dishwasher
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Primary Bedroom on Main
  • Bathtub and Shower Combination in Primary Bathroom

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Schools

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

Utilities

  • Heating System Uses Natural Gas
  • 220 Volts
  • Private Water Source

Community Details

  • Panola Downs Subdivision

Listing and Financial Details

  • Assessor Parcel Number 16 059 01 371

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,000

Year Built

Built in 1989

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Colonial
  • Property Condition: Resale
  • Year Built: 1989
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Hardwood
  • Fireplace Features: Gas Starter
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Dryer, Refrigerator
  • Interior Amenities: High Ceilings 9 ft Lower
  • Kitchen Features: Solid Surface Counters
  • Common Walls: No Common Walls
  • Additional Rooms: Other
  • Square Footage: 1998.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 4
  • Bedroom Features: Master on Main
  • Main Bedrooms: 1
  • Total Bathrooms: 2
  • Total Full Baths: 2
  • Main Full Bathrooms: 1
  • Master Bathroom Features: Tub/Shower Combo

Exterior Features

  • Construction Materials: Vinyl Siding
  • Roof Type: Shingle
  • Fencing: Wood
  • Exterior Features: Private Rear Entry

Garage/Parking

  • Carport or Garage: 2
  • Number of Garage Spaces: 2
  • Number Of Parking Spaces: 2
  • Parking Features: Garage, Garage Faces Front

Utilities

  • Sewer: Public Sewer
  • Water Source: Private
  • Security: Carbon Monoxide Detector(s), Fire Alarm
  • Heating: Electric, Natural Gas
  • Electric: 220 Volts

Condo/Co-op/Association

  • Subdivision Complex: Panola Downs

Schools

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

Lot Info

  • Acres: 0.2000
  • Land/Lot: 59
  • Plat Book: 15559
  • Plat Page: 616
  • Lot Features: Sloped
  • Lot Dimensions: x
  • Parcel Number: 16 059 01 371
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 2000.00
  • Assessor Parcel Number: 16-059-01-371
  • Close Date: 2019-11-04
  • Tax Year: 2019

MLS Schools

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

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
$262,556

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
$43,703
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$231,107

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
Real Broker, LLC.
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
17.65%
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:

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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 -- --
Warranty Deed -- --
Warranty Deed $105,500 --
Warranty Deed -- --
Warranty Deed $54,000 --
Deed $37,000 --
Foreclosure Deed $130,734 --
Deed $128,200 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $45,248 New Conventional
Previous Owner $79,125 New Conventional
Previous Owner $53,282 FHA
Previous Owner $20,000 Trade
Previous Owner $122,400 Stand Alone Second
Previous Owner $102,520 New Conventional
Previous Owner $86,250 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
08/08/2019 08/08/19 Pending -- -- --
08/01/2019 08/01/19 For Sale $120,000 -- $60 / 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 $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

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6596226

First Multiple Listing Service (FMLS)

APN: 16-059-01-371