NOT LISTED FOR SALE

7550 Barnes Rd Palmetto, GA 30268

Estimated Value: $408,000 - $1,040,777

22.35 Acres
$33,051 Price per Acre
973,566 Sq Ft Lot

Last Sold August 19, 2022

Last sale price $750,000 $563 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,058/month

Highlights

  • Barn
  • Lake On Lot
  • 22.35 Acre Lot
  • Home fronts a pond
  • View of Trees or Woods
  • Spring on Lot

About This Lot

As of August 2022

This property has approximately 8 acres of open pasture (not fenced) with the rest wooded. It has a small pond and several outbuildings. There is a 1333 sq. ft. 2 BR/2 Bath house built in 1982 that is in need of major renovation. This is within 5 minutes of Serenbe and 2 minutes of the South Fulton Parkway.

Last Agent to Sell the Property

Bill Creel

Keller Williams Realty Atl Partners License #60759 Listed on: 07/06/2022

Keller Williams Realty Atl Partners

Last Buyer's Agent

Bill Creel

Keller Williams Realty Atl Partners License #60759 Listed on: 07/06/2022

Keller Williams Realty Atl Partners

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,624

Year Built

  • Built in 1982

Lot Details

  • 22.35 Acre Lot
  • Lot Dimensions are 1800x1800x1800x1400
  • Home fronts a pond
  • Level Lot
  • Partially Wooded Lot
  • Landscaped with Trees
  • Grass Covered Lot
  • Property is zoned RL

Property Views

  • Woods
  • Rural

Home Design

  • Fixer Upper

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Spring on Lot
  • Lake On Lot
  • Shed
  • Outbuilding

Schools

  • Palmetto Elementary School
  • Bear Creek - Fulton Middle School
  • Creekside High School

Farming

  • Barn
  • Pasture

Additional Features

  • Residence on Property
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 08 250001050339

Property Details

Property Type

Land

Est. Annual Taxes

$2,624

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Legal Description: Deed Bk 53148 Pg 649-650 Deed Bk 30921 Pg 450
  • Property Type: Land
  • MLS Status: Closed
  • Property Condition: Fixer Upper
  • Restrictions Requirements: Government Restrictions
  • Year Built: 1982
  • Special Features: None
  • Property Sub Type: LotsLands

Property Details

  • Property: Land

Beds/Baths

  • Total Bedrooms: 2
  • Main Bedrooms: 2
  • Total Bathrooms: 2
  • Total Full Baths: 2
  • Main Full Bathrooms: 2

Exterior Features

  • Other Structures: Barn(s), Outbuilding, Residence, Shed(s)
  • View: Rural, Trees/Woods

Utilities

  • Utilities: Electricity Available, Phone Available

Lot Info

  • Acres: 22.3500
  • Timber: Mixed
  • Possible Use: Agricultural, Hunting, Recreational
  • Current Zoning: RL
  • Current Use: Agricultural, Residential
  • Lot Features: Lake On Lot, Level, Spring On Lot
  • Lot Dimensions: 1800x1800x1800x1400
  • Parcel Number: 08 250001050339
  • Price Acre Dollar: 33557.05
  • Horse Amenities: Barn, Pasture
  • Property Attached Yn: No

Tax Info

  • Taxes: 2624.00
  • Additional Assessor Parcel Numbers: 08-2500-0105-031-3
  • Tax Year: 2021

Multi Family

  • Waterfront Features: Pond

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Palmetto
  • High School: Creekside
  • Middle School: Bear Creek - Fulton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2022
Closed on
Aug 19, 2022
Sold by
Effler Lois J
Bought by
Lee Pamela Newsom and Lee Christopher David
Seller's Agent
Bill Creel
Keller Williams Realty Atl Partners
Buyer's Agent
Bill Creel
Keller Williams Realty Atl Partners
List Price
$785,000
Sold Price
$750,000
Premium/Discount to List
-$35,000
-4.46%
Current Estimated Value
$738,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,306
Avg. Annual Appreciation
-0.48%
Original Mortgage
$550,000
Outstanding Balance
$499,424
Interest Rate
5.54%
Mortgage Type
New Conventional
Estimated Equity
$239,270

Purchase Details

Closed on
Aug 16, 2001
Sold by
Effler Van B
Bought by
Effler Van S
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
Lee Pamela Newsom $750,000 --
Effler Van S -- --
Effler Lois J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Pamela Newsom $550,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2022 08/19/22 Sold $750,000 -4.5% $563 / Sq Ft
07/12/2022 07/12/22 Pending -- -- --
07/06/2022 07/06/22 For Sale $785,000 -- $589 / Sq Ft
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 $2,291 $66,760 $66,760 --
2023 $2,291 $119,080 $66,760 $52,320
2022 $1,019 $91,560 $51,280 $40,280
2021 $1,005 $88,920 $49,800 $39,120
2020 $1,002 $87,840 $49,200 $38,640
2019 $981 $86,280 $48,320 $37,960
2018 $1,322 $84,280 $47,200 $37,080
2017 $648 $44,960 $23,760 $21,200
2016 $646 $44,960 $23,760 $21,200
2015 $647 $44,960 $23,760 $21,200
2014 $647 $44,960 $23,760 $21,200
Source: Public Records

Agents Affiliated with this Home

  • Bill Creel

    Seller's Agent in 2022

    Bill Creel

    Keller Williams Realty Atl Partners

    (770) 316-4667

    13 in this area

    25 Total Sales

    Bill Creel
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7078624

First Multiple Listing Service (FMLS)

APN: 08-2500-0105-033-9

Georgia Fulton County Palmetto 30268

7550 Barnes Rd, Palmetto, GA

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