See Home Value
$144,000 - $176,000
House - Off Market

1288 Westmont Road SW

Atlanta, GA 30311
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1080 Sqft
Sold Jan 17, 2024
$150,000
$316,000 by Center Street Lending 8 Spe
Mortgage Due Jan 17, 2054
Sold Mar 20, 2020
$92,500

About This Property

An excellent opportunity with multiple exit strategies in the red hot West End/Oakland City/Venetian Hills area. Multiple Comps between $575K - $765k within 2.1 miles away----The two most recent comps sold on 5/30/2023 for $700k with 2,980 sq ft, no garage, 1.8 miles away & the second most recent comp sold on 7/06/2023 for $725k with 3,008 sq ft with no garage, 1.4 miles away.

--------The property has already begun renovation stages, it has been gutted down to the studs and framing was started (vaulted ceiling, etc), widening of driveway, etc

------The property is located less than 1.7 miles to Lee + White Development, Monday Night Brewery and the Westside Beltline with a proposed access Beltline Park entrance less than .5 miles away. It is located 3.7 miles from Mercedes Benz Stadium and 6.5 miles from Midtown Atlanta------------ Come build a 2,800 square foot, 5 bedroom with 4 full bathrooms with a rare 2 attached car garage. Seller will provide architectural drawings and previously approved permit from City of Atlanta upon accepted/binding contract (save you a lot of time and money not having to do surveys, drawings, site plans and full permitting process)------------ Property is vacant, no lockbox required. Please enter at own risk (owner is not responsible for safety when entering property)-------------- Option #1 Savvy investors come build and flip with great gross profit margins between 33% - 45%------------ Option #2 Long term hold investors you can walk in with a large amount of equity and hold as an Airbnb that generates 6 figure cash flow------------- Option #3 Finding a 5 bedroom/4 bedroom w/attached 2 car garage intown for under $500k in almost impossible, but with this opportunity it is possible (plus you have a lot of equity)------

Seller will ONLY consider Cash Offers, no assignments or Hard Money Backed Loan Offers etc---------Please do your due diligence prior to submitting offer (0 Day Due Diligence will get more consideration)

Property is vacant, go and show.

The manager has listed the unit size as 1080 square feet.
Unit Size
1,080Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$148
Property Type
House
Property Taxes
$153
HOA Dues
-
Year Built
1948

Price History

Date / Event Date Event Price
Jan 17, 2024 Sold $150,000
Sold
Dec 30, 2023 No longer available -
No longer available
Sep 20, 2023 Relisted $160,000
Relisted
Sep 19, 2023 No longer available -
No longer available
Aug 24, 2023 In contract -
In contract
Show More

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Poor
  • Building Quality: C-
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,492
  • Total Building Area: 993
  • Building Area: 993
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: None
  • Heated Square Feet: 993
  • Heating Fuel Type: None

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: VENETIAN HILLS
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • Legal Description 1: VENETIAN HILLS NO CHANGES MADE 23CB TO VFY DATA

Ownership

  • Current Owner : REVIVE CAPITAL GROUP LLC
  • Previous Owner : JOYCE LEE CORP
  • Owner Before Previous Owner: M AND M HOMEBUYING GRP LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Atlanta City School District
  • Census Tract: 008000

Zoning

  • Zoning: R4

Geography

  • District: 05
  • Parcel: 14 013700010451
  • Block: B
  • Lot: 20
  • Municipality: CITY OF ATLANTA
  • Latitude: 33.7202
  • Longitude: -84.4374

    Address

  • Full Address: 1288 Westmont Rd Sw
  • Address - House Number: 1288
  • Street Segment Direction: SW
  • Address - Street Name: Westmont
  • Address - Suffix Type: Rd
  • State: GA
  • City Name: Atlanta
  • Carrier Code: C007
  • 4-Digit Zip Code: 3536
  • Zip Code: 30311

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,876
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 05

    Appraisal Valuation

  • Standard Deviation: 0.0884
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 92
  • Final Value: 142,986
  • High Value: 155,626
  • Low Value: 130,346

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $316,000
  • First Open Lien Mortgage Lender: CENTER STREET LENDING 8 SPE
  • First Open Lien Mortgage Recording Date: Jan 17, 2024
  • First Open Lien Mortgage Loan Amount: $316,000
  • 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 17, 2054

    Market Valuation

  • Market Total Value: $113,300
  • Market Land Value: $54,300
  • Market Improvement Value: $59,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $45,320
  • Assessed Land Value: $21,720
  • Assessed Improvements Value: $23,600

    Sales

  • Current Sale Contract Date: Jan 17, 2024
  • Current Sale Recording Date: Jan 17, 2024
  • Current Sale Transaction ID: 11920078619
  • Current Sale Price: $150,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20240007894
  • Previous Sale Recording Date: Mar 20, 2020
  • Previous Sale Contract Date: Mar 20, 2020
  • Previous Sale Amount: $92,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CENTER STREET LENDING 8 SPE
  • First Mortgage Transaction Date: Jan 17, 2024
  • First Mortgage Loan Amount: $316,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$150,000 Jul 11, 2023
-
-

About Intown South


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Frequently Asked Questions

When was property at 1288 Westmont Road Southwest built and last sold?
The property at 1288 Westmont Road Southwest was built in 1948 and last sold on Jan 17, 2024 for $150,000.
How much is this home worth?
The estimated value of the home located at 1288 Westmont Road Southwest is $167,209.
What are some comparable homes to 1288 Westmont Road Southwest?
Homes that are comparable to 1288 Westmont Road Southwest include a land property at 1156 Oakland Drive Southwest, located in Atlanta, GA.

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