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1118 Faith Avenue Southeast

1118 Faith Avenue Southeast, Atlanta, GA 30316
Sold Mar 24, 2020
$447,000
$357,600 by Waterstone Mortgage
Mortgage Due Jan 01, 2050
Sold Aug 10, 2018
$445,000
$356,000 by First Federal Bank Of Florida
Mortgage Due Jan 01, 2048
Local assessors in Atlanta, GA have categorized 1118 Faith Avenue Southeast as a residential type of property. The home was built in 1930 and is 94 years old. It was most recently renovated and altered in 2016. The property's lot size has been calculated to be 9,714 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 3 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1118 Faith Avenue Southeast has a total of 1,713 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. The garage on the property is 400 sqft. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with brick control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B-. Lots of rock and stone were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home has been utilizing gas for fuel. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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 Faith Avenue Southeast sold most recently in Mar 24, 2020 for a total of $447,000. If you work out the math, that's approximately a cost of $260.95 per sqft. Before that, the property was also sold for $445,000 in Aug 10, 2018. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $12,552 in taxes each year. The initial year of tax delinquency occurred in 2020. 1118 Faith Avenue Southeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $303,200. If we break it down further, the land itself was valued at $63,080. Improvements to the property, however, were assessed at a total of $240,120. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

Building Features

Exterior

Brick Exterior

Driveway

Driveway

Parking

Detached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 2016
  • Total Rooms: 3
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: Good
  • Building Quality: B-
  • Construction Type: Brick
  • Building Style: Conventional
  • Exterior Walls Type: Rock and stone
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 400
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,714
  • Total Building Area: 1,713
  • Building Area: 1,713
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,713
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: ORMEWOOD PARK
  • Land Acres: 0.223
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ORMEWOOD PARK RENOVATED UPDATED RECORDS. NW 920 REVIEWED PER FMLS

Ownership

  • Current Owner : LAYTON MICHAEL
  • Previous Owner : JAYNE BETHANY
  • Owner Before Previous Owner: PLANVEST LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Atlanta City School District
  • Census Tract: 005200

Zoning

  • Zoning: R4

Geography

  • District: 05
  • Parcel: 14 001200040391
  • Municipality: CITY OF ATLANTA
  • Latitude: 33.7436
  • Longitude: -84.3506

    Address

  • Full Address: 1118 Faith Ave Se
  • Address - House Number: 1118
  • Street Segment Direction: SE
  • Address - Street Name: Faith
  • Address - Suffix Type: Ave
  • State: GA
  • City Name: Atlanta
  • Carrier Code: C001
  • 4-Digit Zip Code: 1504
  • Zip Code: 30316

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,552
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 05

    Appraisal Valuation

  • Standard Deviation: 0.2497
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 64
  • Final Value: 664,713
  • High Value: 830,729
  • Low Value: 498,697

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $357,600
  • First Open Lien Mortgage Lender: WATERSTONE MORTGAGE
  • First Open Lien Mortgage Recording Date: Mar 24, 2020
  • First Open Lien Mortgage Loan Amount: $357,600
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2050

    Market Valuation

  • Market Total Value: $758,000
  • Market Land Value: $157,700
  • Market Improvement Value: $600,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $303,200
  • Assessed Land Value: $63,080
  • Assessed Improvements Value: $240,120

    Sales

  • Current Sale Contract Date: Mar 24, 2020
  • Current Sale Recording Date: Mar 24, 2020
  • Current Sale Transaction ID: 11756003860
  • Current Sale Price: $447,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020-010525
  • Previous Sale Recording Date: Aug 10, 2018
  • Previous Sale Contract Date: Aug 10, 2018
  • Previous Sale Amount: $445,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WATERSTONE MORTGAGE
  • First Mortgage Transaction Date: Mar 24, 2020
  • First Mortgage Loan Amount: $357,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: FIRST FEDERAL BANK OF FLORIDA
  • Previous Mortgage Transaction Date: Aug 10, 2018
  • Previous Mortgage Loan Amount: $356,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2048

About Eastside



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Frequently Asked Questions

What neighborhood is 1118 Faith Avenue Southeast located in?
The 1118 Faith Avenue Southeast is a house located in the neighborhood of Ormewood Park in Eastside, Atlanta.
What is the average sales price for listings in 1118 Faith Avenue Southeast?
The average sales price for units in 1118 Faith Avenue Southeast is $0 currently.

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