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1220 Mecaslin Street Northwest

1220 Mecaslin Street Northwest, Atlanta, GA 30318
Property in Home Park
Sold Jun 18, 2015
$80,400,000
$35,000,000 by State Farm Life Insurance
Mortgage Due Jun 18, 2045
Sold Apr 04, 2013
$7,500,000
$33,175,000 by Citizens Bank
Mortgage
Local assessors in Atlanta, GA have categorized 1220 Mecaslin Street Northwest as a residential type of property. The home was built in 2013 and is 11 years old. The property's lot size has been calculated to be 170,842 square feet. 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 1220 Mecaslin Street Northwest has a total of 519,160 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. 1220 Mecaslin Street Northwest is a 3 code building. This code stands for "buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame". 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. 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 - A+. Lots of block were used in the construction of the exterior walls of the home. 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, 1220 Mecaslin Street Northwest sold most recently in Jan 1, 1970 for a total of $80,400,000. If you work out the math, that's approximately a cost of $154.87 per sqft. Before that, the property was also sold for $7,500,000 in Apr 4, 2013. 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 $1,159,200 in taxes each year. The initial year of tax delinquency occurred in 2018. 1220 Mecaslin Street Northwest was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $28,000,000. If we break it down further, the land itself was valued at $4,438,000. Improvements to the property, however, were assessed at a total of $23,562,000. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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: 2013
  • Effective Year Built: 2013
  • Building Count: 5
  • Bedroom Count: 0
  • Building Quality: A+
  • Exterior Walls Type: Block
  • Floor Count: 1
  • Living Units: 317
  • Business/Commerical Units Count: 1,072
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 170,842
  • Total Building Area: 519,160
  • Gross Building Area: 519,160
  • Building Area: 519,160
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 519,160
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Residential
  • Land Acres: 3.922
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: KA STEELWORKS CORRECTED UNIT MIX ERROR FC PERMITS COMP. AS OF 1221. NVC

Ownership

  • Current Owner : STEELWORKS ATLANTA GA INC
  • Previous Owner : CRP POLLACK ATLANTIC LOFTS LLC
  • Owner Before Previous Owner: GEORGIA TECH FOUNDATION IN
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Atlanta City School District
  • Census Tract: 000602

Zoning

  • Zoning: I2

Geography

  • District: 05
  • Parcel: 17 0149 LL0098
  • Municipality: CITY OF ATLANTA
  • Latitude: 33.7881
  • Longitude: -84.4005

    Address

  • Full Address: 1220 Mecaslin St Nw
  • Legal Unit: M
  • Address - House Number: 1220
  • Street Segment Direction: NW
  • Address - Street Name: Mecaslin
  • Address - Suffix Type: St
  • State: GA
  • City Name: Atlanta
  • Carrier Code: C013
  • 4-Digit Zip Code: 5376
  • Zip Code: 30318

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,159,200
  • Intital Tax Deliquent Year: 2018
  • Tax Rate Code Area: 05X

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $35,000,000
  • First Open Lien Mortgage Lender: STATE FARM LIFE INSURANCE
  • First Open Lien Mortgage Recording Date: Jun 18, 2015
  • First Open Lien Mortgage Loan Amount: $35,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jun 18, 2045

    Market Valuation

  • Market Total Value: $70,000,000
  • Market Land Value: $11,095,000
  • Market Improvement Value: $58,905,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $28,000,000
  • Assessed Land Value: $4,438,000
  • Assessed Improvements Value: $23,562,000

    Sales

  • Current Sale Recording Date: Jun 18, 2015
  • Current Sale Transaction ID: 1221996658
  • Current Sale Price: $80,400,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2015-021723
  • Previous Sale Recording Date: Apr 04, 2013
  • Previous Sale Contract Date: Apr 04, 2013
  • Previous Sale Amount: $7,500,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STATE FARM LIFE INSURANCE
  • First Mortgage Transaction Date: Jun 29, 2015
  • First Mortgage Loan Amount: $35,000,000
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: CITIZENS BANK
  • Previous Mortgage Transaction Date: Apr 04, 2013
  • Previous Mortgage Loan Amount: $33,175,000
  • Previous Mortgage Loan Type: Commercial

About Northeast Atlanta



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Frequently Asked Questions

What neighborhood is 1220 Mecaslin Street Northwest located in?
The 1220 Mecaslin Street Northwest is a located in the neighborhood of Home Park in Northeast Atlanta, Atlanta.
What is the average sales price for listings in 1220 Mecaslin Street Northwest?
The average sales price for units in 1220 Mecaslin Street Northwest is $0 currently.

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