Seller's Agent in 2022
Peter Marks
Method Real Estate Advisors
(404) 585-7355
9 in this area
385 Total Sales
725 Penn Ave NE Atlanta, GA 30308
Midtown Atlanta NeighborhoodEstimated Value: $1,701,903 - $2,073,000
6
Beds
5.5
Baths
5,857
Sq Ft
$326/Sq Ft
Est. Value
Highlights
- Second Kitchen
- Separate his and hers bathrooms
- Deck
- Midtown High School Rated A+
- Carriage House
- Property is walking distance to MARTA
About This Home
As of March 2022Reduced by over $100k! Priced below appraisal! Gorgeous stately home in the heart of Midtown, within walking distance to Piedmont Park and the Beltline. With six bedrooms and five and a half bathrooms, including a carriage house and a swimming pool, this property is a truly unique opportunity for an individual or an investor. Situated on a large corner lot on a stunning tree-lined street, the home’s gracious front porch leads to a splendid entryway with
beautiful inlaid hardwood floors, flanked by handsome rooms for receiving guests, including a working fireplace. The beautifully updated
gourmet kitchen features professional-grade appliances, and ample space for storage. A large dining room leads to a bright and airy
sunroom, perfect for entertaining. Four large bedrooms upstairs with updated bathrooms, include one ensuite, and one jack and jill. The
owner’s suite is perfectly situated, overlooking the backyard and pool, and features a stunning spa-like bathroom, and custom closets.
The finished basement with kitchenette and full bath offers several possibilities for living and entertaining, and could serve as a
completely separate living space, an excellent rental opportunity. Two back decks lead to a stunning saltwater pool, and hot tub, making
this an entertainer’s dream. The carriage house includes a one bedroom loft with full bath, and kitchenette: the perfect pool house,
separate living space, or an additional rental opportunity. Other features of the home include new windows upstairs, a misting system on
the back deck for hot summer days, a buit-in speaker system, an on-street electric car charging port, newly resurfaced sidewalks, and more. professional-grade appliances, and ample space for storage. A large dining room leads to a bright and airy sunroom, perfect for entertaining. Four large bedrooms upstairs with updated bathrooms, include one ensuite, and one jack and jill. The owner's suite is perfectly situated, overlooking the backyard and pool, and features a stunning spa-like bathroom, and custom closets. The finished basement with kitchenette and full bath offers several possibilities for living and entertaining, and could serve as a completely separate living space, an excellent rental opportunity. Two back decks lead to a stunning saltwater pool, and hot tub, making this an entertainer's dream. The carriage house includes a one bedroom loft with full bath, and kitchenette: the perfect pool house, separate living space, or an additional rental opportunity. Other features of the home include new windows upstairs, a misting system on the back deck for hot summer days, a buit-in speaker system, an on-street electric car charging port, newly resurfaced sidewalks, and more.
Last Agent to Sell the Property
Method Real Estate Advisors License #325811 Listed on: 11/12/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $18,473
Year Built
- Built in 1920
Lot Details
- 7,492 Sq Ft Lot
- Property fronts a state road
- Back Yard Fenced
- Landscaped
- Level Lot
- Garden
Home Design
- Carriage House
- Craftsman Architecture
- Slab Foundation
- Tile Roof
- Composition Roof
- Three Sided Brick Exterior Elevation
Interior Spaces
- 5,857 Sq Ft Home
- 3-Story Property
- Ceiling height of 10 feet on the lower level
- Ceiling Fan
- Factory Built Fireplace
- Entrance Foyer
- Family Room with Fireplace
- 2 Fireplaces
- Living Room with Fireplace
- Breakfast Room
- Formal Dining Room
- Bonus Room
- Sun or Florida Room
Kitchen
- Second Kitchen
- Eat-In Kitchen
- Walk-In Pantry
- Butlers Pantry
- Double Oven
- Gas Range
- Dishwasher
- Stone Countertops
- White Kitchen Cabinets
Flooring
- Wood
- Pine Flooring
- Carpet
Bedrooms and Bathrooms
- Oversized primary bedroom
- Studio bedroom
- Dual Closets
- Walk-In Closet
- Separate his and hers bathrooms
- In-Law or Guest Suite
- Dual Vanity Sinks in Primary Bathroom
- Separate Shower in Primary Bathroom
- Soaking Tub
Laundry
- Laundry Room
- Laundry on upper level
Finished Basement
- Basement Fills Entire Space Under The House
- Interior and Exterior Basement Entry
- Finished Basement Bathroom
- Natural lighting in basement
Home Security
- Security System Owned
- Fire and Smoke Detector
Parking
- 3 Car Detached Garage
- Parking Pad
- Driveway Level
Outdoor Features
- Deck
- Covered Patio or Porch
Location
- Property is walking distance to MARTA
- Property is near schools
- Property is near shops
- Property is near the Beltline
Schools
- Springdale Park Elementary School
- David T Howard Middle School
- Midtown High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- Underground Utilities
- High Speed Internet
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 14 004900100457
Community Details
Overview
- Midtown Subdivision
Recreation
- Swim or tennis dues are required
- Park
- Trails
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 8, 2024
Sold by
Wallach Joshua David
Bought by
Wallach Family Living Trust and Wallach Joshua D Tr
Current Estimated Value
Purchase Details
Listed on
Nov 12, 2021
Closed on
Mar 31, 2022
Sold by
Gissy Jacob
Bought by
Wallach Joshua David and Wallach Kelly Leslie
Seller's Agent
Peter Marks
Method Real Estate Advisors
Buyer's Agent
Rosanne Dorfman
Bolst, Inc.
List Price
$2,200,000
Sold Price
$1,775,000
Premium/Discount to List
-$425,000
-19.32%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.09%
Purchase Details
Listed on
Oct 9, 2018
Closed on
Jan 25, 2019
Sold by
Balser R J
Bought by
Gissy Jacob
Seller's Agent
Jennifer Kjellgren
Jennifer KJ, LLC
Buyer's Agent
David Blumenfeld
Method Real Estate Advisors
List Price
$1,499,000
Sold Price
$1,260,000
Premium/Discount to List
-$239,000
-15.94%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.38%
Purchase Details
Closed on
Jul 18, 2003
Sold by
Marshall James R and Marshall Sheryl V
Bought by
Balser R J R and Balser Jennifer
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.16%
Mortgage Type
New Conventional
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wallach Family Living Trust | -- | -- | |
| Wallach Joshua David | $1,775,000 | -- | |
| Gissy Jacob | $1,265,000 | -- | |
| Balser R J R | $685,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Balser R J R | $400,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/31/2022 03/31/22 | Sold | $1,775,000 | -11.0% | $303 / Sq Ft | |
| 03/09/2022 03/09/22 | Pending | -- | -- | -- | |
| 02/11/2022 02/11/22 | Price Changed | $1,995,000 | -5.0% | $341 / Sq Ft | |
| 12/03/2021 12/03/21 | Price Changed | $2,100,000 | -4.5% | $359 / Sq Ft | |
| 11/12/2021 11/12/21 | For Sale | $2,200,000 | +74.6% | $376 / Sq Ft | |
| 01/25/2019 01/25/19 | Sold | $1,260,000 | -9.0% | $229 / Sq Ft | View Prior Sale |
| 11/29/2018 11/29/18 | Pending | -- | -- | -- | |
| 10/23/2018 10/23/18 | Price Changed | $1,385,000 | -7.6% | $252 / Sq Ft | |
| 10/09/2018 10/09/18 | For Sale | $1,499,000 | -- | $273 / Sq Ft |
Source: First Multiple Listing Service (FMLS)
Tax History Compared to Growth
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 | $582 | $745,240 | $115,280 | $629,960 |
| 2023 | $29,319 | $708,200 | $115,280 | $592,920 |
| 2022 | $19,982 | $564,080 | $90,840 | $473,240 |
| 2021 | $19,396 | $547,640 | $88,200 | $459,440 |
| 2020 | $18,473 | $506,000 | $84,880 | $421,120 |
| 2019 | $1,363 | $515,280 | $85,600 | $429,680 |
| 2018 | $18,739 | $503,200 | $83,600 | $419,600 |
| 2017 | $15,522 | $388,680 | $56,040 | $332,640 |
| 2016 | $15,520 | $388,680 | $56,040 | $332,640 |
| 2015 | $13,360 | $337,120 | $56,040 | $281,080 |
| 2014 | $12,399 | $302,360 | $34,800 | $267,560 |
Source: Public Records
Agents Affiliated with this Home
-
Peter Marks
-
David Blumenfeld
Seller Co-Listing Agent in 2022
David Blumenfeld
Method Real Estate Advisors
(404) 790-7409
12 in this area
77 Total Sales
-
Rosanne Dorfman
Buyer's Agent in 2022
Rosanne Dorfman
Bolst, Inc.
(404) 200-2659
5 in this area
119 Total Sales
-
J
Seller's Agent in 2019
Jennifer Kjellgren
Jennifer KJ, LLC
Map
Source: First Multiple Listing Service (FMLS)
MLS Number: 6969960
APN: 14-0049-0010-045-7
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