1118 Erica Way Southeast

1118 Erica Way Southeast in Atlanta, GA was first built in 2022 and is 2 years old. This has been categorized as a unknown property type. For those interested in architecture, the building on the property was built in a unknown. It is a single story home. There are a total of 7 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 1118 Erica Way Southeast has 1,488 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 11,326 square feet.

Learn more about the property and building on this page. Water for the property is sourced from unknown 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 unknown. The condition of the building has been evaluated as unknown. The exterior walls of the home are made of unknown. Walk into the home itself and you'll find that it is currently being cooled with unknown. As for heating, the home is utilizing unknown and being fueled with unknown. 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, 1118 Erica Way Southeast sold most recently in Mar 16, 2012 for a total of $14,850. If you work out the math, that's approximately a cost of $9.98 per sqft. Before that, the property was also sold for $30,000 in Apr 3, 2007. 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 $3,555 in taxes each year. The initial year of tax delinquency occurred in 2021. 1118 Erica Way Southeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $85,880. If we break it down further, the land itself was valued at $34,640. Improvements to the property, however, were assessed at a total of $51,240. 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 possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.