NOT LISTED FOR SALE

Ponce Springs Lofts 620 Glen Iris Dr NE Unit 224 Atlanta, GA 30308

Old Fourth Ward Neighborhood

Estimated Value: $355,000 - $460,000

2 Beds
2 Baths
1,015 Sq Ft
$267/mo HOA Fee

Last Sold September 10, 2015

Last sale price $230,000 $227 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $2,650/month

46 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Great Room
  • Midtown High School Rated A+
  • Contemporary Architecture
  • 4-minute walk to Eastside BeltLine Trail

About This Home

As of September 2015

Live next door to Ponce City Market in O4W! Light filled 2 bedroom, 2 full bath condo in Ponce Springs steps from shopping, the Beltline and Old Fourth Ward Park. Concrete floor and metal ceilings throughout. Open loft with large family room open to the kitchen complete with granite, stained cabinets and stainless steel appliances. Large master bedroom with good-size master closet. Sunny walk-out balcony. Fitness Center, club room and conference space provide plenty of room for residents. Controlled access parking and building access. Stackable washer/dryer included.

Last Agent to Sell the Property

Kim Wachtel

RE/MAX Around Atlanta Realty License #278101 Listed on: 06/15/2015

RE/MAX Around Atlanta Realty

Last Buyer's Agent

Tim Hur

Point Honors and Associates, Realtors License #299688

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,825

Year Built

  • Built in 2005

Lot Details

  • 1,002

HOA Fees

  • $267 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,015 Sq Ft Home
  • 1-Story Property
  • Roommate Plan
  • Ceiling height of 10 feet on the main level
  • Ceiling Fan
  • Great Room
  • Security Gate

Kitchen

  • Open to Family Room
  • Electric Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Wood Stained Kitchen Cabinets

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry in Hall
  • Laundry on main level

Parking

  • 2 Parking Spaces
  • Assigned Parking

Location

  • Property is near shops
  • Property is near the Beltline

Schools

  • Hope-Hill Elementary School
  • David T Howard Middle School
  • Midtown High School

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Accessible Entrance

Listing and Financial Details

  • Assessor Parcel Number 14 004800121587

Community Details

Overview

  • Condominium Concepts Association, Phone Number (404) 917-0600
  • Mid-Rise Condominium
  • Ponce Springs Subdivision
  • Rental Restrictions

Amenities

  • Restaurant
  • Meeting Room

Recreation

Security

  • Card or Code Access
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,825

Year Built

Built in 2005

Lot Details

0

HOA Fees

$267 per month

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary/Modern, Mid-Rise (up to 5 stories)
  • Property Condition: Resale
  • Year Built: 2005
  • Accessibility Features: Accessible Entrance
  • Levels Stories: One
  • Special Features: None

Property Details

  • Property: Residential Attached

Interior Features

  • Appliances: Dishwasher, Electric Range, Microwave
  • Interior Amenities: Elevator, High Ceilings 10 ft Main, High Speed Internet
  • Kitchen Features: Cabinets Stain, Stone Counters, View to Family Room
  • Additional Rooms: Great Room - 1 Story
  • Square Footage: 1015.00

Beds/Baths

  • Total Bedrooms: 2
  • Bedroom Features: Roommate Floor Plan
  • Main Bedrooms: 2
  • Total Full Baths: 2
  • Main Full Bathrooms: 2
  • Master Bathroom Features: Tub/Shower Combo

Exterior Features

  • Construction Materials: Stucco
  • Roof Type: Composition
  • Exterior Features: Balcony

Garage/Parking

  • Number Of Parking Spaces: 2
  • Parking Features: Assigned

Utilities

  • Security: Key Card Entry, Security Gate
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central, Electric
  • Laundry Features: In Hall, Main Level
  • Utilities: Cable Available

Condo/Co-op/Association

  • HOA Fee Includes: Insurance, Maintenance Exterior, Maintenance Grounds, Reserve Fund, Termite, Trash
  • HOA Rent Restrictions: Yes
  • Community Features: Fitness Center, Gated, Homeowners Assoc, Meeting Room, Near Beltline, Near Shopping, Restaurant
  • Association Fee: 267
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Annually
  • Association: Yes
  • Management Company Email: kroberts@condominiumconcepts.com
  • Management Phone: 404-917-0600
  • Subdivision Complex: Ponce Springs

Association/Amenities

  • Management Company: Condominium Concepts

Lot Info

  • Plat Book: 271
  • Plat Page: 95
  • Parcel Number: 14 004800121587
  • Property Attached Yn: Yes

Tax Info

  • Taxes: 1825.00
  • Tax Year: 2014

MLS Schools

  • Elementary School: Hope-Hill
  • High School: Midtown
  • Middle School: David T Howard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2016
Sold by
Si Phong S
Bought by
Si Phong S and Shin Yeojin
Current Estimated Value
$403,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Outstanding Balance
$117,879
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$285,981

Purchase Details

Listed on
Jun 15, 2015
Closed on
Sep 10, 2015
Sold by
Okada Keiji
Bought by
Si James Won and Si Phong S
Seller's Agent
Kim Wachtel
RE/MAX Around Atlanta Realty
Buyer's Agent
Tim Hur
Point Honors and Associates, Realtors
List Price
$234,000
Sold Price
$230,000
Premium/Discount to List
-$4,000
-1.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.62%
Original Mortgage
$184,000
Interest Rate
3.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 27, 2005
Sold by
Williams Merrick D
Bought by
Martin Calvin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
5.66%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
May 10, 2005
Sold by
Ponce Springs Dev Llc
Bought by
Williams Merrick D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,480
Interest Rate
5.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Si Phong S -- --
Si James Won $230,000 --
Martin Calvin J $270,000 --
Williams Merrick D $152,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Si Phong S $184,000
Previous Owner Si James Won $184,000
Previous Owner Martin Calvin J $54,000
Previous Owner Williams Merrick D $30,480
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/10/2015 09/10/15 Sold $230,000 -1.7% $227 / Sq Ft
08/03/2015 08/03/15 Pending -- -- --
06/17/2015 06/17/15 For Sale $234,000 0.0% $231 / Sq Ft
01/15/2012 01/15/12 Rented $1,200 -7.7% --
12/16/2011 12/16/11 Under Contract -- -- --
09/08/2011 09/08/11 For Rent $1,300 -- --
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
2025 $3,132 $152,120 $22,600 $129,520
2023 $5,907 $142,680 $20,920 $121,760
2022 $3,204 $129,600 $19,000 $110,600
2021 $3,073 $125,840 $18,440 $107,400
2020 $3,038 $124,360 $18,240 $106,120
2019 $113 $122,160 $17,920 $104,240
2018 $3,084 $105,920 $15,520 $90,400
2017 $2,730 $92,000 $9,520 $82,480
2016 $3,984 $92,000 $9,520 $82,480
2015 $3,035 $69,920 $7,240 $62,680
2014 $5 $46,840 $7,400 $39,440
Source: Public Records

Agents Affiliated with this Home

  • Kim Wachtel

    Seller's Agent in 2015

    Kim Wachtel

    RE/MAX

    (404) 226-0505

    2 in this area

    77 Total Sales

    Kim Wachtel
    Section Image
  • Tim Hur

    Buyer's Agent in 2015

    Tim Hur

    Point Honors and Associates, Realtors

    (404) 512-2322

    260 Total Sales

    Tim Hur
    Section Image

  • M

    Seller's Agent in 2012

    Marlene Sanchez

    First United Realty of Ga, Inc.

    (201) 597-3857

    1 Total Sale

    Marlene Sanchez
    Section Image
  • Eric Pipkorn

    Buyer's Agent in 2012

    Eric Pipkorn

    Atlanta Communities

    (404) 909-1247

    30 Total Sales

    Eric Pipkorn
    Section Image
See All Agents

About Ponce Springs Lofts

Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5554883

First Multiple Listing Service (FMLS)

APN: 14-0048-0012-158-7

Georgia Fulton County Atlanta 30308 Old Fourth Ward

620 Glen Iris Dr NE Unit 224, Atlanta, GA

Not Listed for Sale

Condos

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