NOT LISTED FOR SALE

949 Ormewood Terrace SE Atlanta, GA 30316

Ormewood Park Neighborhood

Estimated Value: $543,184 - $638,000

4 Beds
3 Baths
1,221 Sq Ft
$485/Sq Ft Est. Value

Last Sold December 02, 2024

Last sale price $550,000 $450 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,808/month

19 Days on Market

Highlights

  • City View
  • Central Heating and Cooling System
  • Ceiling Fan
  • Corner Lot

About This Home

As of December 2024

Introducing this unique duplex located at 949 Ormewood Terrace units A&B . This is not your run of the mill side by side duplex. This duplex has distinct entrances on separate sides. Offering the ultimate privacy for you and/or your tenants. Currently generating a monthly gross revenue of $3998. Situated in the desirable Ormewood Park/ Liddell Estates. This property is conveniently located 1.2 miles from Grant Park/Zoo Atlanta . Also conveniently located near Downtown Atlanta. As a bonus this property has a large detached garage that the tenants do not have access to. It can be used for storage or to generate extra income. Both units are tenant occupied.Do not disturb or walk around the property. Both units are individually metered for electricity , water is included in the rent. No seller or creative financing . No seller disclosure . The seller never lived in the duplex no Subjects to's or any other creative financing . Must present POF to view the home. Unit A lease expires 4/30/25 ($2013 per month) unit B is on a month to month ($1985)

Last Agent to Sell the Property

Neysa Eberhart

Luxury Real Estate Brokers of Atlanta, LLC License #321430 Listed on: 10/03/2024

Last Buyer's Agent

Austin Whitaker

Fathom Realty GA, LLC License #410138

Fathom Realty GA, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,770

Year Built

  • Built in 1948 | Remodeled

Lot Details

  • 7,850 Sq Ft Lot
  • Back Yard Fenced
  • Corner Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Tar and Gravel Roof

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • City Views

Parking

  • 4 Parking Spaces
  • Varies By Unit

Schools

  • Parkside Elementary School
  • Martin L. King Jr. Middle School
  • Maynard Jackson High School

Utilities

  • Central Heating and Cooling System
  • Private Water Source

Community Details

  • 2 Units
  • Ormewood Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 14 001000050020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,770

Year Built

Built in 1948 | Remodeled

Lot Details

7,850 Sq Ft Lot

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Duplex
  • Property Condition: Updated/Remodeled
  • Year Built: 1948
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Income

Interior Features

  • Window Features: None

Exterior Features

  • Construction Materials: Block, Brick
  • Roof Type: Tar/Gravel
  • Fencing: Back Yard
  • View: City
  • Pool Private: No

Garage/Parking

  • Number Of Parking Spaces: 4
  • Parking Features: Varies by Unit

Utilities

  • Sewer: Public Sewer
  • Water Source: Private
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central
  • Utilities: Electricity Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Subdivision Complex: Ormewood Park

Lot Info

  • Acres: 0.1802
  • Lot Features: Corner Lot
  • Lot Dimensions: x
  • Parcel Number: 14 001000050020
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Taxes: 8770.00
  • Tax Year: 2023

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Parkside
  • High School: Maynard Jackson
  • Middle School: Martin L. King Jr.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2024
Closed on
Dec 5, 2024
Sold by
Brogdon Mitchell Gino
Bought by
Pozsgai Brendan
Seller's Agent
Neysa Eberhart
Luxury Real Estate Brokers of Atlanta, LLC
Buyer's Agent
Austin Whitaker
Fathom Realty GA, LLC
List Price
$575,000
Sold Price
$550,000
Premium/Discount to List
-$25,000
-4.35%
Views
9
Current Estimated Value
$592,395

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,395
Avg. Annual Appreciation
5.93%
Original Mortgage
$495,000
Outstanding Balance
$489,236
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$103,159

Purchase Details

Closed on
Jan 20, 2021
Sold by
Brogdon Mitchell Gino
Bought by
Peachtree Enterprises Xi Llc

Purchase Details

Listed on
Jun 1, 2019
Closed on
Aug 8, 2019
Sold by
Carter Beverly A
Bought by
Brogdon Mitchell Gino
Seller's Agent
Latrice Smith
Thomas Law & Consulting, LLC
Buyer's Agent
Latrice Smith
Thomas Law & Consulting, LLC
List Price
$435,000
Sold Price
$416,000
Premium/Discount to List
-$19,000
-4.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.49%
Original Mortgage
$408,465
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 12, 2004
Sold by
Testa Carl
Bought by
Gregory Beverly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$23,500
Interest Rate
5.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 1998
Sold by
Herren Robert S
Bought by
Testa Carl S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,600
Interest Rate
6.85%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pozsgai Brendan $550,000 --
Peachtree Enterprises Xi Llc -- --
Brogdon Mitchell Gino $416,000 --
Gregory Beverly A $235,000 --
Testa Carl S $144,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pozsgai Brendan $495,000
Previous Owner Brogdon Mitchell Gino $408,465
Previous Owner Gregory Beverly A $23,500
Previous Owner Testa Carl S $129,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/02/2024 12/02/24 Sold $550,000 -4.3% $450 / Sq Ft
10/03/2024 10/03/24 For Sale $575,000 +38.2% $471 / Sq Ft
08/08/2019 08/08/19 Sold $416,000 -4.4% $170 / Sq Ft View Prior Sale
06/27/2019 06/27/19 Pending -- -- --
06/01/2019 06/01/19 For Sale $435,000 -- $178 / Sq Ft
Source: First Multiple Listing Service (FMLS)

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 $8,717 $273,520 $39,520 $234,000
2023 $8,866 $214,160 $37,960 $176,200
2022 $8,667 $214,160 $37,960 $176,200
2021 $7,462 $184,200 $65,760 $118,440
2020 $6,769 $165,240 $51,840 $113,400
2019 $949 $80,000 $25,880 $54,120
2018 $3,312 $80,000 $25,880 $54,120
2017 $3,533 $80,000 $25,880 $54,120
2016 $4,167 $96,240 $25,880 $70,360
2015 $5,142 $96,240 $25,880 $70,360
2014 -- $96,240 $25,880 $70,360
Source: Public Records

Agents Affiliated with this Home

  • Neysa Eberhart

    Seller's Agent in 2024

    Neysa Eberhart

    Luxury Real Estate Brokers of Atlanta, LLC

    (404) 859-8747

    2 in this area

    23 Total Sales

    Neysa Eberhart
    Section Image
  • Austin Whitaker

    Buyer's Agent in 2024

    Austin Whitaker

    Fathom Realty GA, LLC

    (813) 465-3283

    2 in this area

    61 Total Sales

    Austin Whitaker
    Section Image
  • Latrice Smith

    Seller's Agent in 2019

    Latrice Smith

    Thomas Law & Consulting, LLC

    (404) 530-9572

    Latrice Smith
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7465352

First Multiple Listing Service (FMLS)

APN: 14-0010-0005-002-0

Georgia Fulton County Atlanta 30316 Ormewood Park

949 Ormewood Terrace SE, Atlanta, GA

Not Listed for Sale

MultiFamily

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