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1040 Palmetto Avenue Southwest

1040 Palmetto Avenue Southwest, Atlanta, GA 30314
Property in Ashview Heights
Sold Sep 30, 2004
$79,000
$121,300 by Greenpoint Mortgage Funding
Mortgage Due Dec 19, 2035
Sold May 03, 2004
$145,626
1040 Palmetto Avenue Southwest in Atlanta, GA was first built in 1930 and is 94 years old. Although, the building on the property was most recently renovated and altered in 1985. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1040 Palmetto Avenue Southwest has 1,176 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 4,966 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of stucco. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1040 Palmetto Avenue Southwest sold most recently in Sep 23, 2004 for a total of $79,000. If you work out the math, that's approximately a cost of $67.18 per sqft. Before that, the property was also sold for $145,626 in Apr 6, 2004. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $4,341 in taxes each year. The initial year of tax delinquency occurred in 2022. 1040 Palmetto Avenue Southwest was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $106,000. If we break it down further, the land itself was valued at $50,080. Improvements to the property, however, were assessed at a total of $55,920. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1985
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,966
  • Total Building Area: 1,176
  • Building Area: 1,176
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,176
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WARE & HARPER
  • Land Acres: 0.114
  • Standard Land Use Code: Single family residential
  • Legal Description 1: AN LG ESTIMATED AN BEING REHABED

Ownership

  • Current Owner : PATTERSON DERRIC
  • Previous Owner : ADONAL PROPERTIES INC
  • Owner Before Previous Owner: BRATHWAITE SEAN

Neighborhood

  • School District Name: Atlanta City School District
  • Census Tract: 003900

Zoning

  • Zoning: R5

Geography

  • Account Number: 1251664
  • District: 05
  • Parcel: 14 011600040396
  • Block: H
  • Lot: 95
  • Municipality: CITY OF ATLANTA
  • Latitude: 33.7517
  • Longitude: -84.422

    Address

  • Full Address: 1040 Palmetto Ave Sw
  • Address - House Number: 1040
  • Street Segment Direction: SW
  • Address - Street Name: Palmetto
  • Address - Suffix Type: Ave
  • State: GA
  • City Name: Atlanta
  • Carrier Code: C025
  • 4-Digit Zip Code: 3130
  • Zip Code: 30314

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,341
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 05

    Appraisal Valuation

  • Standard Deviation: 0.207
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 72
  • Final Value: 303,681
  • High Value: 366,544
  • Low Value: 240,818

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $121,300
  • First Open Lien Mortgage Lender: GREENPOINT MORTGAGE FUNDING
  • First Open Lien Mortgage Recording Date: Jan 25, 2006
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $121,300
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Second
  • First Open Lien Mortgage Loan Due Date: Dec 19, 2035

    Market Valuation

  • Market Total Value: $265,000
  • Market Land Value: $125,200
  • Market Improvement Value: $139,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $106,000
  • Assessed Land Value: $50,080
  • Assessed Improvements Value: $55,920

    Sales

  • Current Sale Contract Date: Sep 23, 2004
  • Current Sale Recording Date: Sep 30, 2004
  • Current Sale Transaction ID: 1129720340
  • Current Sale Price: $79,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: May 03, 2004
  • Previous Sale Contract Date: Apr 06, 2004
  • Previous Sale Amount: $145,626
  • Previous Sale Document Type: Foreclosure

    Last Sale Mortgage

  • First Mortgage Lender: HUNTINGTON HOMES LLC
  • First Mortgage Transaction Date: Sep 30, 2004
  • First Mortgage Loan Amount: $121,950
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: Balloon
  • First Mortgage Loan Due Date: Sep 23, 2005

About Intown South



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Frequently Asked Questions

What neighborhood is 1040 Palmetto Avenue Southwest located in?
The 1040 Palmetto Avenue Southwest is a located in the neighborhood of Ashview Heights in Intown South, Atlanta.
What is the average sales price for listings in 1040 Palmetto Avenue Southwest?
The average sales price for units in 1040 Palmetto Avenue Southwest is $0 currently.

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