$225,000
SOLD JUL 2, 2021

5869 Old Gordon Rd Mableton, GA 30126

4 Beds
2 Baths
1,560 Sq Ft
0.8 Acres

Recently Sold

$144 Per Sq Ft

2% Above List Price

4 Days on Market

Highlights

  • 0.8 Acre Lot
  • Ranch Style House
  • Breakfast Area or Nook
  • Private Lot
  • L-Shaped Dining Room
  • Four Sided Brick Exterior Elevation

About This Home

As of January 2024

Rare investment opportunity in coveted Cobb county. Fantastic all-brick, cash-flowing duplex with investment upside. Instant cash flow through in-place leases which are below market, creating a value-add opportunity for a new buyer. New HVAC (5873), updated kitchen (5869), bathroom tubs have recently been re-glazed and an opportunity to improve the property and increase rents. Both units have 2 bedrooms and one bathroom, with great light and access to a private, level backyard. Incredibly rare 8% cap rate with room to grow as rents are increased. Current owners have benefitted from 0% vacancy and stable tenants. Please DO NOT disturb tenants, showings will be conducted for qualified buyers only.

Last Agent to Sell the Property

Ashan Perera

Atlanta Communities License #407315 Listed on: 06/02/2021

Atlanta Communities

Co-Listed By

Mitch Kaminer

Atlanta Communities License #169864

Last Buyer's Agent

Ashan Perera

Atlanta Communities License #407315 Listed on: 06/02/2021

Atlanta Communities

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,912

Year Built

  • Built in 1959

Lot Details

  • 0.8 Acre Lot
  • Private Lot
  • Level Lot

Home Design

  • Ranch Style House
  • Traditional Architecture
  • Slab Foundation
  • Composition Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1,560 Sq Ft Home
  • Bookcases
  • Ceiling Fan
  • Family Room
  • L-Shaped Dining Room
  • Carpet
  • Fire and Smoke Detector
  • Laundry in Kitchen

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Schools

  • Clay Elementary School
  • Lindley Middle School
  • Pebblebrook High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Outbuilding
  • Property is near shops

Listing and Financial Details

  • Legal Lot and Block 4 / A

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,912

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential
  • District: 18
  • Section: 2
  • Year Built: 1959
  • ArchitecturalStyle: Brick 4 Side, Ranch, Traditional
  • Co List Office: ATCM06
  • Financing Type: Cash
  • Levels: One
  • Lot Size Acres: .80
  • Other Sturctures: Outbuilding
  • Property Sub-Type: Single Family Residence
  • Total Finished Area2: 1560
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater, Dishwasher
  • Bedrooms: 4
  • Dining Room Features: L Shaped
  • Basement: None
  • Total Finished Sq Ft: 1560
  • Above Grade Finished Sq Ft: 1560
  • Interior Amenities: Bookcases, Other, Master On Main Level, Split Bedroom Plan
  • Accessibility Features: Other
  • Full Bathrooms: 2
  • Flooring: Carpet
  • Kitchen Features: Breakfast Area, Breakfast Bar, Pantry
  • Price Per Square Foot: 144.230

Beds/Baths

  • Main Level Full Bathrooms: 2
  • Bedroom Main Level: 4

Exterior Features

  • Foundation Details: Slab
  • Lot Features: Level, Private
  • Property Condition: Resale
  • Roof: Composition

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling: Electric, Ceiling Fan(s), Central Air
  • Heating: Electric, Central
  • Laundry Features: In Kitchen, Other
  • Security Features: Smoke Detector(s)
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Walk To Shopping

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Clay
  • High School: Pebblebrook
  • High School Bus: Yes
  • Middle School: Lindley
  • Middle School Bus: Yes
  • Elementary School: Clay
  • Middle School: Lindley
  • High School: Pebblebrook

Lot Info

  • Land Lot: 77
  • Lot: 4
  • Plat Book: 7
  • Plat Page: 200

Tax Info

  • Year: 2020
  • Tax Annual Amount: 1912

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2024
Sold by
Miller Herman L
Bought by
Gary Angelo
Current Estimated Value
$276,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,570
Outstanding Balance
$296,276
Interest Rate
7.02%
Mortgage Type
VA
Estimated Equity
-$9,685

Purchase Details

Listed on
Dec 6, 2023
Closed on
Jan 16, 2024
Sold by
Alpha Reig Llc
Bought by
Miller Herman L
Seller's Agent
Tina Jingru Sui
Real Broker LLC
Buyer's Agent
Glenda Broker
Non-Mls Company
List Price
$300,000
Sold Price
$279,000
Premium/Discount to List
-$21,000
-7%
Views
160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.59%

Purchase Details

Listed on
Jun 2, 2021
Closed on
Jul 1, 2021
Sold by
Gounden Carmen and Almos Lutfullah W
Bought by
Alpha Reig Llc
Seller's Agent
Ashan Perera
Atlanta Communities
Buyer's Agent
Ashan Perera
Atlanta Communities
List Price
$220,000
Sold Price
$225,000
Premium/Discount to List
$5,000
2.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.84%

Purchase Details

Listed on
Aug 2, 2019
Closed on
Sep 16, 2019
Sold by
Tanory Edward Joseph
Bought by
Almos Lutfullah W and Gounden Carmen S
Seller's Agent
Natalie Vuoriaho
Keller Williams Buckhead
Buyer's Agent
Scott Einfeldt
Compass
List Price
$180,000
Sold Price
$160,000
Premium/Discount to List
-$20,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.98%
Original Mortgage
$120,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2014
Sold by
Gerard Dorothy W
Bought by
Tanory Edward Joseph
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Special Warranty Deed $290,000 None Listed On Document
Special Warranty Deed $279,000 Jenkins Title
Limited Warranty Deed $225,000 None Available
Warranty Deed $160,000 --
Limited Warranty Deed $20,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $299,570 VA
Previous Owner $120,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/16/2024 01/16/24 Sold $279,000 -7.0% $179 / Sq Ft
12/22/2023 12/22/23 Pending -- -- --
12/06/2023 12/06/23 For Sale $300,000 +33.3% $192 / Sq Ft
07/02/2021 07/02/21 Sold $225,000 +2.3% $144 / Sq Ft
06/06/2021 06/06/21 Pending -- -- --
06/02/2021 06/02/21 For Sale $220,000 +37.5% $141 / Sq Ft
09/16/2019 09/16/19 Sold $160,000 -11.1% $103 / Sq Ft
08/10/2019 08/10/19 Pending -- -- --
07/31/2019 07/31/19 For Sale $180,000 -- $115 / 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 $3,174 $105,288 $36,480 $68,808
2023 $2,573 $85,328 $34,560 $50,768
2022 $2,415 $79,568 $28,800 $50,768
2021 $2,122 $69,912 $26,112 $43,800
2020 $1,912 $63,000 $19,200 $43,800
2019 $748 $24,648 $13,440 $11,208
2018 $597 $19,672 $9,216 $10,456
2017 $422 $14,668 $6,144 $8,524
2016 $422 $14,668 $6,144 $8,524
2015 $235 $7,972 $3,492 $4,480
2014 $793 $26,676 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Georgia MLS

MLS Number: 8989026

Georgia MLS

APN: 18-0077-0-018-0