NOT LISTED FOR SALE

991 Hampton St NW Unit 991 993 Atlanta, GA 30318

Home Park Neighborhood

Estimated Value: $447,000 - $703,000

5 Beds
5 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold September 11, 2023

Last sale price $435,000

Est. 32% increase in value since last sale

Current estimated payment $3,178/month

15 Days on Market

Highlights

  • 2 Fireplaces
  • No HOA
  • Central Heating and Cooling System
  • Midtown High School Rated A+
  • 1-Story Property
  • Wood Siding

About This Home

As of September 2023

This is an exceptional opportunity to become an investor and own a property in the sought-after neighborhood of Home Park. The property is meticulously maintained and currently fully occupied, ensuring a consistent stream of rental income. Its convenient location near Georgia Tech, just off 10th Street, adds to its appeal. The historic bungalow boasts original hardwood floors, adding charm and character to the units. Additionally, there is off-street parking available, providing convenience for tenants and reducing potential parking issues. Both units, 991 and 993, are fully furnished and offer a comfortable family room, kitchen, one bedroom, and one bathroom. This makes them highly desirable for tenants seeking a cozy living space. The units are separately metered for gas and power, with tenants responsible for paying these utilities. Each unit also features in-unit, full-sized washers/dryers, central HVAC systems, microwaves, and refrigerators, providing modern amenities and convenience. The landlord is responsible for the water bill, which typically ranges from $38 to $50 per month. Unit 993 has the added advantage of a new hot water heater installed in 2022, ensuring an efficient and reliable hot water supply for tenants. One of the most attractive features of this property is the steady income generated from excellent, long-term tenants. This indicates a reliable rental history and the potential for continued occupancy and rental income. Additionally, the property's fantastic accessibility to downtown shopping, restaurants, and parks enhances its appeal and marketability. With its proximity to Georgia Tech and downtown amenities, this property holds significant potential for a successful investment venture.

Last Agent to Sell the Property

Scott Shackelford

Keller Williams Realty License #372352 Listed on: 07/06/2023

Keller Williams Realty

Last Buyer's Agent

Laura Matura

Atlanta Fine Homes - Sotheby's Int'l License #271714

Atlanta Fine Homes - Sotheby's Int'l

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,442

Year Built

  • Built in 1920 | Remodeled

Lot Details

  • 4,356

Home Design

  • Duplex
  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • 2 Fireplaces
  • Crawl Space

Parking

  • Parking Pad
  • Off-Street Parking

Schools

  • Centennial Place Elementary And Middle School
  • Midtown High School

Additional Features

  • 4,356 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for sewer, trash collection, water

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Home Park Subdivision

Building Details

  • Operating Expense $6,975
  • Gross Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,442

Year Built

Built in 1920 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1920
  • Financing Type: Cash
  • Levels: One
  • Lot Size Acres: .10
  • Structure Type: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement: Crawl Space
  • Price Per Square Foot: 5350000

Exterior Features

  • Construction Materials: Brick, Wood Siding
  • Property Condition: Updated/Remodeled

Garage/Parking

  • Parking Features: Off Street, Parking Pad

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Utilities: Electricity Individual Meters, Gas Individual Meters, Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Centennial Place
  • High School: Midtown
  • Middle School: Centennial Place
  • Elementary School: Centennial Place
  • Middle School: Centennial Place
  • High School: Midtown

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water

Multi Family

  • Total Fireplaces: 2
  • GrossIncome: 30000
  • NumberOfUnitsTotal: 2
  • OperatingExpense: 6975

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4442

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2023
Closed on
Sep 11, 2023
Sold by
Solitary Pig Llc
Bought by
Home Park Holdings Llc
Seller's Agent
Scott Shackelford
Keller Williams Realty
Buyer's Agent
Laura Matura
Atlanta Fine Homes - Sotheby's Int'l
List Price
$535,000
Sold Price
$435,000
Premium/Discount to List
-$100,000
-18.69%
Views
143
Current Estimated Value
$575,344

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,344
Avg. Annual Appreciation
22.71%

Purchase Details

Listed on
Jul 6, 2023
Closed on
Aug 18, 2023
Sold by
Meadors Anthony
Bought by
Solitary Pig Llc
Seller's Agent
Scott Shackelford
Keller Williams Realty
Buyer's Agent
Laura Matura
Atlanta Fine Homes - Sotheby's Int'l
List Price
$535,000
Sold Price
$435,000
Premium/Discount to List
-$100,000
-18.69%
Views
143

Purchase Details

Closed on
Feb 21, 2019
Sold by
Meadors Kyle
Bought by
Solitary Pig Llc

Purchase Details

Closed on
Nov 27, 2017
Sold by
Najarian Capital Llc
Bought by
Meadors Kyle and Meadors Anthony

Purchase Details

Closed on
Jul 31, 2017
Sold by
Toney Alan O
Bought by
The Jones Thomas Grp Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
3.88%
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
Home Park Holdings Llc $435,000 --
Solitary Pig Llc -- --
Solitary Pig Llc -- --
Meadors Kyle $249,900 --
The Jones Thomas Grp Llc $165,000 --
Najarian Capital Llc $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Home Park Holdings Llc $590,443
Previous Owner Najarian Capital Llc $157,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2023 09/11/23 Sold $435,000 -18.7% --
07/21/2023 07/21/23 Pending -- -- --
07/06/2023 07/06/23 For Sale $535,000 -- --
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 $1,361 $283,840 $71,800 $212,040
2023 $1,361 $149,320 $42,680 $106,640
2022 $4,442 $109,760 $46,200 $63,560
2021 $4,446 $109,760 $46,200 $63,560
2020 $4,516 $129,680 $57,720 $71,960
2019 $923 $127,400 $56,720 $70,680
2018 $4,138 $99,960 $21,960 $78,000
2017 $2,077 $56,600 $20,320 $36,280
2016 $2,082 $48,080 $20,320 $27,760
2015 $2,946 $48,080 $20,320 $27,760
2014 $2,181 $56,600 $20,320 $36,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 20132881

Georgia MLS

APN: 17-0149-0005-064-7