$142,500
SOLD FEB 9, 2023

559 S Rays Rd Stone Mountain, GA 30083

Stone Mountain Neighborhood
3 Beds
2.5 Baths
2,327 Sq Ft
0.4 Acres

Recently Sold

$61 Per Sq Ft

5% Below List Price

15 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Level Lot

About This Home

As of August 2023

Opportunity!! Bring your hammer and paint brush. Sitting on a 0.4 ACRES, this home is waiting to be brought back to life. After renovations, this will be a prized home to enjoy. Surrounded by extremely well kept properties, this one is begging for a loving touch. Being sold AS-IS. The selling broker commission is paid on the NET sales price.

Last Agent to Sell the Property

Zareh Najarian

Jar House Brokerage License #322005 Listed on: 01/04/2023

Last Buyer's Agent

Fallon Thomas

One Real Estate Company License #370016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,071

Year Built

  • Built in 1981

Lot Details

  • 0.4 Acre Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Brick Frame
  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 2,327 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 2 Parking Spaces
  • Parking Pad

Schools

  • Hambrick Elementary School
  • Stone Mountain Middle School
  • Stone Mountain High School

Community Details

  • No Home Owners Association
  • Rocking Chair Manor Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,071

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1981
  • ArchitecturalStyle: Brick/Frame, Traditional
  • Main Level Half Bathrooms: 1
  • Financing Type: Cash
  • Levels: Two
  • Lot Size Acres: .40
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 2327
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Oven/Range (Combo)
  • Bedrooms: 3
  • Basement: None
  • Total Finished Sq Ft: 2327
  • Above Grade Finished Sq Ft: 2327
  • Interior Amenities: Other
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Flooring: Other
  • Price Per Square Foot: 61.24

Beds/Baths

  • Upper Level Full Bathrooms: 2

Exterior Features

  • Construction Materials: Aluminum Siding, Brick
  • Lot Features: Level
  • Property Condition: Resale
  • Roof: Composition

Garage/Parking

  • Parking Features: Parking Pad
  • ParkingTotal: 2

Utilities

  • Cooling: Other
  • Heating: Other
  • Laundry Features: Other
  • Sewer: Public Sewer
  • Utilities: Other
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Hambrick
  • High School: Stone Mountain
  • Middle School: Stone Mountain
  • Elementary School: Hambrick
  • Middle School: Stone Mountain
  • High School: Stone Mountain

Tax Info

  • Year: 2021
  • Tax Annual Amount: 3070.54

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2023
Closed on
Aug 15, 2023
Sold by
Blackbridge Point Development Llc
Bought by
Lam Julie Cing
Seller's Agent
Fallon Thomas
One Real Estate Company
Buyer's Agent
Nienghoikim Zou
Virtual Properties Realty.com
List Price
$375,000
Sold Price
$344,500
Premium/Discount to List
-$30,500
-8.13%
Views
129
Current Estimated Value
$344,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$236
Avg. Annual Appreciation
0.03%
Original Mortgage
$338,259
Outstanding Balance
$331,466
Interest Rate
7.25%
Mortgage Type
FHA
Estimated Equity
$13,270

Purchase Details

Listed on
Jan 4, 2023
Closed on
Feb 9, 2023
Sold by
Najarian Capital Llc
Bought by
Blackbridge Point Development Llc
Seller's Agent
Zareh Najarian
Jar House Brokerage
Buyer's Agent
Fallon Thomas
One Real Estate Company
List Price
$149,900
Sold Price
$142,500
Premium/Discount to List
-$7,400
-4.94%
Views
222

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
464.57%
Original Mortgage
$228,800
Interest Rate
6.33%
Mortgage Type
Mortgage Modification

Purchase Details

Closed on
Dec 1, 2022
Sold by
Fuller David F
Bought by
Najarian Capital Llc

Purchase Details

Closed on
Nov 2, 2010
Sold by
Hopkins Ivan
Bought by
Aurora Ln Svcs Llc

Purchase Details

Closed on
Dec 16, 2004
Sold by
Estate Of Billie C Speed
Bought by
Hopkins Ivan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,900
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 4, 1994
Sold by
Bast Dayne T and Fain Sandra
Bought by
Fuller David F Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,150
Interest Rate
8.78%
Mortgage Type
FHA
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 $344,500 --
Warranty Deed $142,500 --
Warranty Deed $82,500 --
Foreclosure Deed $91,800 --
Deed $159,900 --
Deed $83,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $338,259 FHA
Previous Owner $228,800 Mortgage Modification
Previous Owner $127,900 New Conventional
Previous Owner $83,150 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2023 08/15/23 Sold $344,500 0.0% $148 / Sq Ft
07/11/2023 07/11/23 Pending -- -- --
07/07/2023 07/07/23 Price Changed $344,500 -8.1% $148 / Sq Ft
06/16/2023 06/16/23 For Sale $375,000 +163.2% $161 / Sq Ft
02/09/2023 02/09/23 Sold $142,500 -4.9% $61 / Sq Ft
01/19/2023 01/19/23 Pending -- -- --
01/04/2023 01/04/23 For Sale $149,900 -- $64 / 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
2024 $6,074 $128,440 $12,720 $115,720
2023 $6,074 $92,600 $18,160 $74,440
2022 $3,083 $90,840 $15,000 $75,840
2021 $2,364 $69,960 $8,000 $61,960
2020 $2,136 $63,200 $8,000 $55,200
2019 $1,880 $56,320 $8,000 $48,320
2018 $1,451 $56,200 $10,240 $45,960
2017 $1,495 $43,640 $10,240 $33,400
2016 $1,413 $42,280 $10,240 $32,040
2014 $995 $30,120 $10,240 $19,880
Source: Public Records

Agents Affiliated with this Home

  • Fallon Thomas

    Seller's Agent in 2023

    Fallon Thomas

    One Real Estate Company

    (678) 994-1918

    2 in this area

    11 Total Sales

    Fallon Thomas
    Section Image

  • Z

    Seller's Agent in 2023

    Zareh Najarian

    Jar House Brokerage

    Section Image

  • N

    Buyer's Agent in 2023

    Nienghoikim Zou

    Virtual Properties Realty.com

    (404) 822-8967

    5 in this area

    11 Total Sales

    Nienghoikim Zou
    Section Image
See All Agents

Map

Source: Georgia MLS

MLS Number: 20095049

Georgia MLS

APN: 18-014-01-068

Georgia DeKalb County Stone Mountain 30083 Stone Mountain

559 S Rays Rd, Stone Mountain, GA

This home is located at 559 S Rays Rd, Stone Mountain, GA 30083 and is currently priced at $142,500, approximately $61 per square foot. This property was built in 1981. 559 S Rays Rd is a home located in DeKalb County with nearby schools including Allgood Elementary School, Freedom Middle School, and Clarkston High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Georgia MLS The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.

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