NOT LISTED FOR SALE

Estimated Value: $186,000 - $193,798

2 Beds
2 Baths
1,600 Sq Ft
$119/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $170,000 $106 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,122/month

77 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • Central Heating
  • Elm Street Elementary School Rated A-

About This Home

As of September 2023

Investment Opportunity! Duplex in Newnan! 2 units - each unit is approx 800 square feet, 2 bedrooms and 1 full bath. Each unit has it's own power, water, and gas meter. Central heat, window units for AC. Brand new deck on rear accessed by both units. New roof and gutters in 2022. New windows. Bathroom has tile surround tub/shower. Low maintenance concrete block exterior/walls. One unit has laundry hookup - the other does not, but could easily be added. Approx .41 Acre lot. All schools within a mile or less. Convenient to downtown Newnan and an easy stroll right over to Lynch Park - a great community park with the Wesley Street Gym, playground, tennis courts, picnic pavilion, and very nice public pool/waterpark. The park is literally directly across the street from this driveway - see photos. Boys and Girls Club directly behind this unit. Great community! Super easy stroll to Historic Downtown Newnan for shopping, dining, entertainment, and recreation. Tenants in place on month to month leases - current rent is $650, but that is an under market rent rate. Property is in average/good condition - but you can update more with cosmetics if desired. Seller also has 11 Richard Allen Drive for sale - the duplex immediately in front of this duplex. They share a drive/parking - both duplexes are at the corner of Richard Allen and Wesley Street. They do not have to be sold together, but seller is interested in selling together as a package so please consider both! Do not disturb tenants or visit the properties under any circumstances other than driving by! Access will be granted once the property is under contract and during due diligence.

Last Agent to Sell the Property

Melissa Stephens

BHGRE Metro Brokers License #270820 Listed on: 05/25/2023

BHGRE Metro Brokers

Last Buyer's Agent

Angel Peguero

eXp Realty License #418697

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $890

Year Built

  • Built in 1967

Lot Details

  • 0.41

Parking

  • Parking Pad

Home Design

  • Duplex
  • Slab Foundation
  • Block Exterior

Schools

  • Elm Street Elementary School
  • Evans Middle School
  • Newnan High School

Utilities

  • Window Unit Cooling System
  • Central Heating

Additional Features

  • 1-Story Property
  • 0.41 Acre Lot

Community Details

  • No Home Owners Association
  • 2 Units
  • Rocky Hill Subdivision

Listing and Financial Details

  • Tax Lot 74/76

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$890

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • District: 5
  • Year Built: 1967
  • Financing Type: Conventional
  • Levels: One
  • Lot Size Acres: .41
  • Structure Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement: None

Exterior Features

  • Construction Materials: Block
  • Foundation Details: Slab
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Parking Pad

Utilities

  • Cooling: Window Unit(s)
  • Heating: Central
  • Laundry Features: Other
  • Sewer: Public Sewer
  • Utilities: Electricity Individual Meters, Gas Individual Meters, Sewer Connected, Water Individual Meters
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Elm Street
  • High School: Newnan
  • High School Bus: Yes
  • Middle School: Evans
  • Middle School Bus: Yes
  • Elementary School: Elm Street
  • Middle School: Evans
  • High School: Newnan

Lot Info

  • Land Lot: 26
  • Lot: 74/76
  • Deed Book: 5454
  • Deed Page: 589

Rental Info

  • Owner Pays: Other

Tax Info

  • Year: 2022
  • Tax Annual Amount: 890

Multi Family

  • NumberOfUnitsTotal: 2

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2023
Closed on
Sep 8, 2023
Sold by
Rocklane Properties Llc
Bought by
Johnson Noel
Seller's Agent
Melissa Stephens
BHGRE Metro Brokers
Buyer's Agent
Angel Peguero
eXp Realty
List Price
$209,900
Sold Price
$170,000
Premium/Discount to List
-$39,900
-19.01%
Views
384
Current Estimated Value
$189,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,950
Avg. Annual Appreciation
5.82%
Original Mortgage
$127,500
Outstanding Balance
$124,916
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$65,679

Purchase Details

Closed on
Feb 1, 2021
Sold by
Davis John Keith
Bought by
Rocklane Properties Llc

Purchase Details

Closed on
May 26, 2017
Sold by
Heim Eric
Bought by
Davis John Keith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,087
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 2017
Sold by
Heim Eric
Bought by
Lindley Daniel Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,087
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 28, 2005
Sold by
Steele Michael S and Steele Mariana
Bought by
Heim Eric and Heim Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,800
Interest Rate
6.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2004
Sold by
Hooper Steven A
Bought by
Crossroads Investments Llc

Purchase Details

Closed on
Jan 17, 2001
Sold by
Grayer Curtis
Bought by
Hooper Stgeven A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,625
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 12, 2000
Sold by
Duffey Willia R
Bought by
Grayer Curtis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,765
Interest Rate
7.92%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Johnson Noel $170,000 --
Rocklane Properties Llc -- --
Davis John Keith $81,450 --
Lindley Daniel Craig $81,450 --
Heim Eric $102,000 --
Crossroads Investments Llc -- --
Hooper Stgeven A $76,300 --
Grayer Curtis $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Noel $127,500
Previous Owner Rocklane Properties Llc $398,209
Previous Owner Davis John Keith $61,087
Previous Owner Heim Eric $91,800
Previous Owner Steele Michael S $72,000
Previous Owner Hooper Stgeven A $68,625
Previous Owner Grayer Curtis $37,765
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2023 09/08/23 Sold $170,000 -19.0% $106 / Sq Ft
08/10/2023 08/10/23 Pending -- -- --
05/25/2023 05/25/23 For Sale $209,900 -- $131 / 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 $1,325 $57,974 $8,200 $49,774
2023 $1,325 $38,136 $4,920 $33,216
2022 $899 $36,949 $4,920 $32,029
2021 $787 $29,269 $4,920 $24,349
2020 $804 $29,269 $4,920 $24,349
2019 $936 $31,170 $8,490 $22,680
2018 $942 $31,170 $8,490 $22,680
2017 $619 $20,586 $8,490 $12,096
2016 $620 $20,586 $8,490 $12,096
2015 $621 $20,586 $8,490 $12,096
2014 $635 $20,586 $8,490 $12,096
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 10163380

Georgia MLS

APN: N02-0010-014