NOT LISTED FOR SALE

Estimated Value: $1,219,000 - $1,477,000

7 Beds
6 Baths
1,832 Sq Ft
$755/Sq Ft Est. Value

Last Sold November 05, 2020

Last sale price $1,100,000 $600 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $8,249/month

Highlights

  • City View
  • Craftsman Architecture
  • Main Floor Primary Bedroom
  • Midtown High School Rated A+
  • Property is near public transit
  • 4 Fireplaces

About This Home

As of November 2020

Incredible 4-unit multifamily investment property in highly the desirable Virginia Highland neighborhood! Home has a strong rental history with all units rented with tenants in good standing generating over 84K in rental income. Owner has made numerous upgrades/repairs including remodeling some of the units, adding washer/dryer hookups, and a new roof in 2020 with a 30-year warranty! Home features plenty of off-street parking in the back w/ additional space in the rear to potentially build more space. Home is located in the highly coveted Springdale Park elementary school district, is just steps from the Beltline, and is close to the numerous shops/restaurants Virginia Highland has to offer. 48 hours' notice required. Do not disturb tenants or enter w/o approval.

Last Agent to Sell the Property

Adam Morrison

Atlanta Fine Homes Sotheby's International License #346473 Listed on: 09/17/2020

Atlanta Fine Homes Sotheby's International

Last Buyer's Agent

Dara Williams

Berkshire Hathaway HomeServices Georgia Properties License #354720

Berkshire Hathaway HomeServices Georgia Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,837

Year Built

  • Built in 1940

Lot Details

  • 7,492 Sq Ft Lot
  • Lot Dimensions are 57x149x53x149
  • Property fronts a private road
  • Private Entrance
  • Sloped Lot

Home Design

  • Craftsman Architecture
  • Frame Construction
  • Shingle Roof
  • Three Sided Brick Exterior Elevation

Interior Spaces

  • 2-Story Property
  • Ceiling height of 9 feet on the main level
  • 4 Fireplaces
  • City Views
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Washer

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Main Level Bedrooms
  • Primary Bedroom on Main
  • 6 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Parking

  • 8 Parking Spaces
  • Driveway
  • Parking Lot

Location

  • Property is near public transit
  • 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

  • Central Air
  • Heating System Uses Natural Gas
  • Underground Utilities
  • 110 Volts
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 14 001600040777

Community Details

Recreation

  • Park
  • Trails

Additional Features

  • Virginia Highland Subdivision
  • Restaurant

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,837

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Craftsman
  • Property Condition: Resale
  • Year Built: 1940
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Number Of Fireplaces: 4
  • Appliances: Dishwasher, Refrigerator, Washer
  • Interior Amenities: High Ceilings 9 ft Main
  • Basement: Finished, Full
  • Kitchen Features: Cabinets Other, Eat-in Kitchen
  • Common Walls: No Common Walls
  • Additional Rooms: Other
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 7
  • Bedroom Features: Master on Main
  • Main Bedrooms: 7
  • Total Bathrooms: 6
  • Total Full Baths: 6
  • Main Full Bathrooms: 6
  • Master Bathroom Features: Tub/Shower Combo

Exterior Features

  • Construction Materials: Brick 3 Sides, Frame
  • Roof Type: Shingle
  • Exterior Features: Private Front Entry
  • View: City

Garage/Parking

  • Number Of Parking Spaces: 8
  • Parking Features: Driveway, Parking Lot

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Heating: Natural Gas
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities
  • Electric: 110 Volts

Association/Amenities

  • Number Of Units In Community: 4

Condo/Co-op/Association

  • Community Features: Near Beltline, Near Marta, Near Schools, Near Shopping, Near Trails/Greenway, Park, Public Transportation, Restaurant
  • Subdivision Complex: Virginia Highland

Schools

  • Elementary School: Springdale Park
  • Middle School: David T Howard
  • High School: Midtown

Lot Info

  • Acres: 0.1720
  • Deed Book: 29940
  • Deed Page: 665
  • Lot Features: Sloped
  • Lot Dimensions: 57x149x53x149
  • Parcel Number: 14 001600040777
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 8837.00
  • Assessor Parcel Number: 14-0016-0004-077-7
  • Close Date: 2020-11-05
  • Tax Year: 2019

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Springdale Park
  • High School: Midtown
  • Middle School: David T Howard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2020
Closed on
Nov 5, 2020
Sold by
Saindon John M
Bought by
Umoru Abu Inu
Seller's Agent
Adam Morrison
Atlanta Fine Homes Sotheby's International
Buyer's Agent
Dara Williams
Berkshire Hathaway HomeServices Georgia Properties
List Price
$1,200,000
Sold Price
$1,100,000
Premium/Discount to List
-$100,000
-8.33%
Current Estimated Value
$1,383,452

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$283,452
Avg. Annual Appreciation
4.71%
Original Mortgage
$600,000
Outstanding Balance
$531,795
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$851,657

Purchase Details

Listed on
Feb 28, 2018
Closed on
Sep 25, 2018
Sold by
Shrager Rebecca
Bought by
Saindon John M
Seller's Agent
Michael Gaddy
NOT A VALID MEMBER
Buyer's Agent
Adam Morrison
Atlanta Fine Homes Sotheby's International
List Price
$789,000
Sold Price
$728,250
Premium/Discount to List
-$60,750
-7.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.47%
Original Mortgage
$661,171
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 29, 2001
Sold by
Morgan Teresa C
Bought by
Shrager Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$362,900
Interest Rate
7.38%

Purchase Details

Closed on
May 19, 1997
Sold by
Matthews James P and Matthews Ramona
Bought by
Mink Lisa J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,600
Interest Rate
8.13%
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
Umoru Abu Inu $1,100,000 --
Saindon John M $364,125 --
Saindon John M $364,125 --
Shrager Rebecca $382,000 --
Mink Lisa J $204,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Umoru Abu Inu $600,000
Previous Owner Saindon John M $661,171
Previous Owner Shrager Rebecca $362,900
Previous Owner Mink Lisa J $183,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/05/2020 11/05/20 Sold $1,100,000 -8.3% $600 / Sq Ft
09/29/2020 09/29/20 Pending -- -- --
09/17/2020 09/17/20 For Sale $1,200,000 +64.8% $655 / Sq Ft
09/25/2018 09/25/18 Sold $728,250 -4.7% $398 / Sq Ft View Prior Sale
07/26/2018 07/26/18 Pending -- -- --
06/04/2018 06/04/18 Price Changed $764,000 -3.2% $417 / Sq Ft
03/27/2018 03/27/18 For Sale $789,000 0.0% $431 / Sq Ft
03/12/2018 03/12/18 Pending -- -- --
02/28/2018 02/28/18 For Sale $789,000 -- $431 / 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 $11,933 $469,720 $137,920 $331,800
2023 $15,487 $374,080 $137,920 $236,160
2022 $13,328 $329,320 $83,160 $246,160
2021 $12,952 $319,720 $80,720 $239,000
2020 $8,710 $260,920 $75,240 $185,680
2019 $485 $260,920 $75,240 $185,680
2018 $8,257 $260,920 $75,240 $185,680
2017 $8,614 $199,440 $36,760 $162,680
2016 $8,636 $199,440 $36,760 $162,680
2015 $9,126 $199,440 $36,760 $162,680
2014 $7,935 $175,000 $32,240 $142,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6783164

First Multiple Listing Service (FMLS)

APN: 14-0016-0004-077-7