NOT LISTED FOR SALE

978 Sims Ave NW Atlanta, GA 30318

Grove Park Neighborhood

Estimated Value: $504,021 - $526,000

8 Beds
6 Baths
3,000 Sq Ft
$171/Sq Ft Est. Value

Last Sold August 08, 2024

Last sale price $505,000 $168 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,091/month

4 Days on Market

Highlights

  • RV or Boat Parking
  • No HOA
  • Central Heating and Cooling System
  • Property is near public transit
  • Park

About This Home

As of August 2024

This property is an investors dream! This cash flowing duplex is in a great location in Atlanta and less than a mile from Westside Reservoir Park. Each unit has 4 bedrooms & 3 bathrooms, large living area, kitchen with pantry, plenty of counter space and storage. Both units have 1 bedroom & 1 bath located on the main level. Both units are currently rented for a total of $3,800 a month. The property is managed by a professional property management company that is willing to continue with the new owner for an easy transition. Both of the units are occupied. *Please, do not disturb the tenants.* *Showings only during due diligence*

Last Agent to Sell the Property

Kelley Adkins

Origins Real Estate of Georgia License #419857 Listed on: 06/27/2024

Last Buyer's Agent

Angellet Minard

Mahogany Real Estate LLC License #275585

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,885

Year Built

  • Built in 2004

Lot Details

  • 7,841

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Crawl Space
  • Laundry in unit

Parking

  • Off-Street Parking
  • RV or Boat Parking

Schools

  • Woodson Elementary School
  • J. L. Invictus Academy Middle School
  • Douglass High School

Additional Features

  • 7,841 Sq Ft Lot
  • Property is near public transit
  • Central Heating and Cooling System

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Recreation

  • Park

Building Details

  • Insurance Expense $2,025
  • Maintenance Expense $4,680
  • Gross Income $45,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,885

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 2004
  • Financing Type: Cash
  • Levels: Two
  • Lot Size Acres: .18
  • Structure Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Crawl Space

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Foundation Details: Block
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Off Street, RV/Boat Parking

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: In Unit
  • Sewer: Public Sewer
  • Utilities: Other
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Park, Walk To Public Transit

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Woodson
  • High School: Douglass
  • High School Bus: No
  • Middle School: J. L. Invictus Academy
  • Middle School Bus: No
  • Elementary School: Woodson
  • Middle School: J. L. Invictus Academy
  • High School: Douglass

Lot Info

  • Deed Book: 56583
  • Deed Page: 444

Rental Info

  • Owner Pays: Other

Tax Info

  • Year: 2023
  • Tax Annual Amount: 4885

Multi Family

  • GrossIncome: 45600
  • InsuranceExpense: 2025
  • Maintenance Expense: 4680
  • NumberOfUnitsTotal: 2

MLS Schools

  • Elementary Bus Line: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2024
Closed on
Aug 8, 2024
Sold by
Feit Joshua D
Bought by
Prestige Worldwide Jr Llc
Seller's Agent
Kelley Adkins
Origins Real Estate of Georgia
Buyer's Agent
Angellet Minard
Mahogany Real Estate LLC
List Price
$499,000
Sold Price
$505,000
Premium/Discount to List
$6,000
1.2%
Views
18
Current Estimated Value
$513,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,005
Avg. Annual Appreciation
1.51%

Purchase Details

Closed on
Aug 31, 2016
Bought by
Feit Joshua D and Feit Margaret T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 2009
Sold by
Property Acquisitions Invs Llc
Bought by
Keb Holdings Llc

Purchase Details

Closed on
Jul 7, 2009
Sold by
Stokes William E
Bought by
Jp Morgan Mtg Acquisition Corp

Purchase Details

Closed on
Jun 20, 2007
Sold by
Speigner Properties Llc
Bought by
Stokes William E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,500
Interest Rate
8.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 6, 2005
Sold by
Speigner Edward L and Speigner Sue
Bought by
Speigner Properties Llc

Purchase Details

Closed on
Nov 23, 2004
Sold by
Sax Investments Llc
Bought by
Speigner Edward L and Speigner Sue

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,850
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 28, 2004
Sold by
Anderson Ave Partners Llc
Bought by
Sax Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,500
Interest Rate
6.09%

Purchase Details

Closed on
Sep 3, 2003
Sold by
Rushing Cleo S
Bought by
Spring Grove Partners Llc
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
Prestige Worldwide Jr Llc $505,000 --
Feit Joshua D $100,000 --
Keb Holdings Llc $47,900 --
Property Acquisitions Invs Llc $30,000 --
Jp Morgan Mtg Acquisition Corp $35,000 --
Stokes William E $395,000 --
Speigner Properties Llc -- --
Speigner Edward L $355,000 --
Sax Investments Llc $35,000 --
Spring Grove Partners Llc $1,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Feit Joshua D $75,000
Previous Owner Stokes William E $355,500
Previous Owner Speigner Properties Llc $90,000
Previous Owner Speigner Properties Llc $94,000
Previous Owner Speigner Edward L $281,850
Previous Owner Sax Investments Llc $221,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2024 08/08/24 Sold $505,000 +1.2% $168 / Sq Ft
07/01/2024 07/01/24 Pending -- -- --
06/27/2024 06/27/24 For Sale $499,000 -- $166 / 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
2025 $3,805 $199,640 $35,880 $163,760
2023 $4,938 $119,280 $51,600 $67,680
2022 $2,185 $156,400 $51,600 $104,800
2021 $2,188 $54,000 $17,400 $36,600
2020 $2,212 $54,000 $17,400 $36,600
2019 $924 $54,000 $17,400 $36,600
2018 $1,631 $39,400 $4,440 $34,960
2017 $1,494 $34,600 $4,040 $30,560
2016 $1,498 $34,600 $4,040 $30,560
2015 $1,502 $34,600 $4,040 $30,560
2014 $1,264 $27,880 $7,800 $20,080
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2024

    Kelley Adkins

    Origins Real Estate of Georgia

    (404) 304-7396

    1 in this area

    8 Total Sales

    Kelley Adkins
    Section Image
  • Angellet Minard

    Buyer's Agent in 2024

    Angellet Minard

    Mahogany Real Estate LLC

    (404) 461-9824

    1 in this area

    68 Total Sales

    Angellet Minard
    Section Image
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Map

Source: Georgia MLS

MLS Number: 10327594

Georgia MLS

APN: 17-0226-0007-020-3

Georgia Fulton County Atlanta 30318 Grove Park

978 Sims Ave NW, Atlanta, GA

This home is located at 978 Sims Ave NW, Atlanta, GA 30318 since 27 June 2024 and is currently estimated at $513,005, approximately $171 per square foot. This property was built in 2004. 978 Sims Ave NW is a home located in Fulton County with nearby schools including Frederick Douglass High School, KIPP Atlanta Collegiate, and Bright Futures Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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