NOT LISTED FOR SALE

978 Myrtle St NE Atlanta, GA 30309

Midtown Atlanta Neighborhood

Estimated Value: $1,181,896

5 Beds
4 Baths
2,348 Sq Ft
$503/Sq Ft Est. Value

Last Sold March 14, 2022

Last sale price $1,125,000 $479 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,089/month

Highlights

  • City View
  • Wood Flooring
  • 1-Story Property
  • Midtown High School Rated A+
  • Accessible Washer and Dryer
  • 5-minute walk to 10th Street Park

About This Home

As of March 2022

Opportunity to acquire a 4-unit multifamily complex located in a fantastic location in the heart of Midtown, Atlanta, adjacent to Piedmont Park. The offering includes (3) 1 bed/1 bath, and (1) 2 bed/1 bath units. This is a value-add opportunity, with upside potential for new owner to continue to push rents with cosmetic improvements in two of the units. With a strong 100% occupancy rate, the property offers a great opportunity for investors in one of the hottest markets of the city.

All units have in-unit washer/dryer, dishwashers, and individual central HVAC with exception of rear unit which has central heat and window AC. The property also features a private courtyard with firepit, and 2-3 gated, off-street parking spaces for tenants to utilize.

Last Agent to Sell the Property

Andy Lundsberg

Bull Realty, Inc. License #256959 Listed on: 01/31/2022

Co-Listed By

Michael Wess, CCIM

Bull Realty, Inc. License #367265

Last Buyer's Agent

Andy Lundsberg

Bull Realty, Inc. License #256959 Listed on: 01/31/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,138

Year Built

  • Built in 1920

Lot Details

  • 5,663 Sq Ft Lot
  • Back Yard Fenced

Home Design

  • Quadruplex
  • Fixer Upper
  • HardiePlank Type

Interior Spaces

  • 1-Story Property
  • City Views

Flooring

  • Wood
  • Carpet

Parking

  • 3 Parking Spaces
  • Parking Lot

Schools

  • Morningside- Elementary School
  • David T Howard Middle School
  • Midtown High School

Additional Features

  • Accessible Washer and Dryer
  • Central Heating and Cooling System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 17 010600120060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,138

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Income
  • MLS Status: Closed
  • Property Sub Type: Quadruplex
  • Property Condition: Fixer Upper
  • Year Built: 1920
  • Accessibility Features: Accessible Washer/Dryer
  • Levels Stories: One
  • Special Features: None

Property Details

  • Property: Residential Income

Interior Features

  • Flooring: Carpet, Hardwood
  • Window Features: None

Exterior Features

  • Construction Materials: HardiPlank Type
  • Fencing: Back Yard
  • View: City

Garage/Parking

  • Number Of Parking Spaces: 3
  • Parking Features: Parking Lot

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Heating: Central

Fee Information

  • Annual Expenses: 17910

Schools

  • Elementary School: Morningside-
  • Middle School: David T Howard
  • High School: Midtown

Lot Info

  • Acres: 0.1300
  • Parcel Number: 17 010600120060
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Multi Family

  • Unit Count: 4
  • Number Of Units Total: 4

Tax Info

  • Taxes: 8138.00
  • Assessor Parcel Number: 17-0106-0012-006-0
  • Close Date: 2022-03-14
  • Tax Year: 2021

MLS Schools

  • Elementary School: Morningside-
  • High School: Midtown
  • Middle School: David T Howard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2022
Closed on
Mar 14, 2022
Sold by
White Michael James
Bought by
Rdm Holdings Ii Llc
Seller's Agent
Andy Lundsberg
Bull Realty, Inc.
Buyer's Agent
Andy Lundsberg
Bull Realty, Inc.
List Price
$1,200,000
Sold Price
$1,125,000
Premium/Discount to List
-$75,000
-6.25%
Current Estimated Value
$1,181,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,896
Avg. Annual Appreciation
1.38%

Purchase Details

Closed on
Nov 26, 2021
Sold by
Trojan Partners Llc
Bought by
White Michael James and White Jeffrey

Purchase Details

Closed on
Sep 9, 2010
Sold by
White Michael J and White Jeffrey
Bought by
Trojan Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,297
Interest Rate
4.6%
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
Rdm Holdings Ii Llc $1,125,000 --
White Michael James -- --
Trojan Partners Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Trojan Partners Llc $133,297
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2024 12/04/24 Off Market $1,700 -- --
02/20/2024 02/20/24 Price Changed $1,700 +13.3% $2 / Sq Ft
11/30/2023 11/30/23 Price Changed $1,500 -11.8% $2 / Sq Ft
11/22/2023 11/22/23 For Rent $1,700 0.0% --
03/14/2022 03/14/22 Sold $1,125,000 -6.3% $479 / Sq Ft
01/31/2022 01/31/22 For Sale $1,200,000 -- $511 / 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 $9,871 $423,840 $44,480 $379,360
2023 $12,811 $309,440 $44,480 $264,960
2022 $12,523 $309,440 $85,080 $224,360
2021 $11,019 $272,000 $101,640 $170,360
2020 $8,229 $200,880 $44,000 $156,880
2019 $1,363 $200,880 $44,000 $156,880
2018 $7,452 $200,880 $44,000 $156,880
2017 $7,774 $180,000 $40,800 $139,200
2016 $7,794 $180,000 $40,800 $139,200
2015 $6,959 $180,000 $40,800 $139,200
2014 $7,387 $162,920 $42,760 $120,160
Source: Public Records

Agents Affiliated with this Home

  • Andy Lundsberg

    Seller's Agent in 2022

    Andy Lundsberg

    Bull Realty, Inc.

    (404) 876-1640

    8 in this area

    29 Total Sales

    Andy Lundsberg
    Section Image
  • Michael Wess, CCIM

    Seller Co-Listing Agent in 2022

    Michael Wess, CCIM

    Bull Realty, Inc.

    (770) 598-6212

    10 in this area

    28 Total Sales

    Michael Wess, CCIM
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6997394

First Multiple Listing Service (FMLS)

APN: 17-0106-0012-006-0

Georgia Fulton County Atlanta 30309 Midtown Atlanta

978 Myrtle St NE, Atlanta, GA

This home is located at 978 Myrtle St NE, Atlanta, GA 30309 since 31 January 2022 and is currently estimated at $1,181,896, approximately $503 per square foot. This property was built in 1920. 978 Myrtle St NE is a home located in Fulton County with nearby schools including Midtown High School, Kindezi Old 4th Ward, and Dar Un-Noor School.

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