NOT LISTED FOR SALE

8938 University Dr Commerce, GA 30529

Commerce Area
2 Beds
1 Bath
1,000 Sq Ft
2.62 Acre Lot

Sale Details

Date Sold: December 30, 2021

Last sale price $2,120,000 $2,120 Per Sq Ft

Highlights

  • 2.62 Acre Lot
  • Great Room
  • Formal Dining Room
  • Commerce Primary School Rated A-
  • No HOA
  • Stainless Steel Appliances

About This Home

As of August 2023

City of Commerce - Two bedrooms and 1 full bath. Updates completed with new granite counter top and HVAC. Freshly painted with new flooring throughout. Assigned covered parking as well as guest parking. Located in a wonderful 17 unit complex in downtown within walking distance to city park and just minutes to I-85 and Hwy 441.

Last Agent to Rent the Property

Alana Bond

Bonco Realty License #159801 Listed on: 07/16/2023

Last Renter's Agent

Alana Bond

Bonco Realty License #159801 Listed on: 07/16/2023

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Property Details

Home Type

  • Apartment

Year Built

  • Built in 1961 | Remodeled

Lot Details

  • 2.62

Home Design

  • Composition Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 1,000 Sq Ft Home
  • 2-Story Property
  • Great Room
  • Formal Dining Room

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • Carport
  • Parking Accessed On Kitchen Level
  • Side or Rear Entrance to Parking
  • Guest Parking
  • Off-Street Parking
  • Assigned Parking

Schools

  • Commerce Primary/Elementary School
  • Commerce Middle School
  • Commerce High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • 2.62 Acre Lot
  • City Lot

Listing and Financial Details

  • 12-Month Minimum Lease Term

Community Details

Pet Policy

  • No Pets Allowed

Additional Features

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1961 | Remodeled

Lot Details

2.62 Acres

Rental Info

  • Lease Termsin Months: 12

Listing Details

  • Property Type: Residential Lease
  • Year Built: 1961
  • ArchitecturalStyle: Brick 4 Side
  • Financing Type: LEASE
  • Levels: Two
  • Lot Size Acres: 2.62
  • Property Sub-Type: Apartment
  • Structure Type: Other
  • Total Finished Area2: 1000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater, Dishwasher, Microwave, Oven/Range (Combo), Refrigerator, Stainless Steel Appliance(s)
  • Bedrooms: 2
  • Dining Room Features: Separate Room
  • Basement: None
  • Total Finished Sq Ft: 1000
  • Above Grade Finished Sq Ft: 1000
  • Interior Amenities: Other
  • Full Bathrooms: 1
  • Flooring: Laminate, Tile, Carpet

Beds/Baths

  • Main Level Full Bathrooms: 1
  • Bedroom Main Level: 2

Exterior Features

  • Construction Materials: Brick
  • Lot Features: City Lot
  • Property Condition: Updated/Remodeled
  • Roof: Composition

Garage/Parking

  • Parking Features: Assigned, Carport, Detached, Guest, Kitchen Level, Side/Rear Entrance, Off Street

Utilities

  • Cooling: Central Air, Electric, Heat Pump
  • Heating: Electric, Central, Heat Pump
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Phone Available, Sewer Connected, Sewer Available, Cable Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None
  • PetsAllowed: No

Fee Information

  • Fee Paid: Yes
  • Association Fee Includes: None

Schools

  • Elementary School: Commerce Primary/Elementary
  • High School: Commerce
  • Middle School: Commerce

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2021
Closed on
Dec 30, 2021
Sold by
D & D Properties Of Commerce Llc
Bought by
Seller's Agent
Alana Bond
Bonco Realty
Buyer's Agent
Glenda Broker
Non-Mls Company
List Price
$2,120,000
Sold Price
$2,120,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,835,640
Interest Rate
3.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 21, 2013
Sold by
Brown Don R
Bought by
Brown Jean Wilkinson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,421
Interest Rate
3.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 30, 1991
Sold by
Brown Don R and Shubert Donald S
Bought by
Brown Don R and Shubert Donald S
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,120,000 --
Brown Jean Wilkinson -- --
D & D Properties Of Commerce L -- --
Brown Don R -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,835,640
Previous Owner Brown Don R $195,421
Previous Owner Brown Don R $241,960
Previous Owner Brown Don Rice $257,506
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/01/2023 08/01/23 Rented $1,150 0.0% --
07/27/2023 07/27/23 Price Changed $1,150 -8.0% $1 / Sq Ft
07/16/2023 07/16/23 For Rent $1,250 +8.7% --
06/10/2022 06/10/22 Rented $1,150 0.0% --
05/12/2022 05/12/22 For Rent $1,150 0.0% --
12/30/2021 12/30/21 Sold $2,120,000 0.0% -- View Prior Sale
10/20/2021 10/20/21 Pending -- -- --
10/15/2021 10/15/21 For Sale $2,120,000 -- --
Source: Georgia MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $22,288 $834,556 $217,120 $617,436
2024 $22,288 $834,556 $217,120 $617,436
2023 $23,039 $759,236 $217,120 $542,116
2022 $19,254 $593,796 $168,880 $424,916
2021 $12,480 $385,596 $43,520 $342,076
2020 $12,423 $342,876 $43,520 $299,356
2019 $12,604 $342,876 $43,520 $299,356
2018 $11,978 $328,676 $43,520 $285,156
2017 $11,202 $302,000 $43,559 $258,441
2016 $10,727 $287,836 $29,395 $258,441
2015 $10,974 $287,836 $29,395 $258,441
2014 -- $219,744 $29,395 $190,349
2013 -- $205,667 $27,705 $177,962
Source: Public Records

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Map

Source: Georgia MLS

MLS Number: 20135026

Georgia MLS
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