NOT LISTED FOR SALE

Estimated Value: $324,000 - $348,294

-- Bed
-- Bath
1,952 Sq Ft
$175/Sq Ft Est. Value

Last Sold January 06, 2022

Last sale price $131,000 $67 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $2,123/month

266 Days on Market

Highlights

  • Display Windows
  • Commerce Primary School Rated A-
  • Central Heating and Cooling System

About This Home

As of January 2022

Located in desirable downtown Commerce, GA. Ready for your small business. Great space with ample parking. Currently zoned Commercial & Residential rental. Possibility of additional assemblage of 3 adjoining lots on either side of business. Both units are tenant occupied. Listing includes one commercial & one residential building and adjacent lot. Aerial photo shows view of possible assemblage.

Last Agent to Sell the Property

Lamar Roberts

Braselton Real Estate Group License #331691 Listed on: 02/09/2021

Last Buyer's Agent

Glenda Broker

Non-Mls Company

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $963

Year Built

  • Built in 1930

Lot Details

  • 0.48 Acre Lot
  • Property fronts a county road
  • Zoning described as C3 R

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,952 Sq Ft Home
  • Display Windows

Parking

  • 2 Parking Spaces
  • Parking Lot

Additional Features

  • City Lot
  • Central Heating and Cooling System

Community Details

  • 2 Buildings

Property Details

Property Type

Other

Est. Annual Taxes

$963

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1930
  • Financing Type: Cash
  • Lot Size Acres: 0.48
  • Road Frontage Type: County Road
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • NumberOfBuildings: 2

Exterior Features

  • Frontage Road: 113
  • Construction Materials: Brick, Frame
  • Lot Features: City Lot
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Parking Features: Parking Lot
  • ParkingTotal: 2

Utilities

  • Cooling: Central Air
  • Heating: Electric, Central
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Lot Info

  • Plat Book: 61
  • Plat Page: 41
  • Zoning Description: C3 R

Building Info

  • BuildingAreaTotal: 1952
  • Building Features: Display Window(s)

Tax Info

  • Year: 2020
  • Tax Annual Amount: 963

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 29, 2022
Sold by
Arepu Lalitha Spurthy
Bought by
Broadstar Investments Llc
Current Estimated Value
$341,074

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Outstanding Balance
$42,252
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$298,822

Purchase Details

Listed on
Feb 9, 2021
Closed on
Jan 6, 2022
Sold by
Roberts Lamar
Bought by
Arepu Lalitha Spurthy and Kommineni Naveen Babu
Seller's Agent
Lamar Roberts
Braselton Real Estate Group
Buyer's Agent
Glenda Broker
Non-Mls Company
List Price
$199,900
Sold Price
$131,000
Premium/Discount to List
-$68,900
-34.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.42%

Purchase Details

Closed on
Jan 19, 2021
Sold by
Hanley Jerry M
Bought by
Roberts Lamar

Purchase Details

Closed on
Jan 7, 2003
Sold by
Hanley James M and Hanley Eli
Bought by
Hanley Jerry M

Purchase Details

Closed on
Dec 30, 1996
Bought by
Hanley James M and Hanley Eli
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Broadstar Investments Llc -- --
Arepu Lalitha Spurthy $262,000 --
Roberts Lamar $125,000 --
Hanley Jerry M -- --
Hanley Jerry M $50,000 --
Hanley James M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Broadstar Investments Llc $110,000
Closed Broadstar Investments Llc $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2022 01/06/22 Sold $131,000 -27.2% $67 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
06/17/2021 06/17/21 Price Changed $180,000 -10.0% $92 / Sq Ft
02/09/2021 02/09/21 For Sale $199,900 -- $102 / 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 $3,860 $130,360 $81,880 $48,480
2023 $4,025 $124,120 $81,880 $42,240
2022 $870 $26,840 $21,280 $5,560
2021 $878 $27,120 $21,280 $5,840
2020 $964 $26,600 $21,280 $5,320
2019 $978 $26,600 $21,280 $5,320
2018 $1,007 $27,640 $21,280 $6,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 8925702

Georgia MLS

APN: C02-096