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Redan 30058
1950 Matthew Way
Listing Courtesy of: Tanya Pickens, Opendoor Brokerage, LLC
$265,000
● House - Off Market

1950 Matthew Way

Lithonia, GA 30058
bedrooms
5 Beds
bathrooms
4 Baths
$1,544
Est. Monthly
12.44%
Cap Rate

About This Property

100-Day Home Warranty coverage available at closing.Welcome home! This home has Fresh Interior Paint. A fireplace and a soft neutral color palette create a solid blank canvas for the living area. The primary bathroom features plenty of under sink storage waiting for your home organization needs. Take it easy in the fenced in back yard. The sitting area makes it great for BBQs! Like what you hear? Come see it for yourself!
Unit Size
-
Days on Market
-
Land Size
0.26 acres
Price per sqft
-
Property Type
House
Property Taxes
$233
HOA Dues
-
Year Built
1986

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (FMLS #7564810)

Price History

Date / Event Date Event Price
Jul 2, 2025 Sold
Premium
Sold
Jun 3, 2025 In contract -
In contract
Apr 22, 2025 Listed by Opendoor Brokerage, LLC $267,000
Listed by Opendoor Brokerage, LLC
Aug 31, 2018 Sold
Premium
Sold
Jul 15, 2018 Listed by Opendoor Brokerage, LLC $129,000
Listed by Opendoor Brokerage, LLC

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 11
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 200
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,068
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,853
  • Building Area: 1,853
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,853
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGEFIELD WEST
  • Land Acres: 0000000300
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: DeKalb County School District
  • Census Tract: 023331

Zoning

  • Zoning: RA5

Geography

  • Parcel: 16 070 05 172
  • Municipality: UNINCORPORATED
  • Latitude: 33.7325
  • Longitude: -84.1553

    Address

  • Full Address: 1950 Matthew Way
  • Address - House Number: 1950
  • Address - Street Name: Matthew
  • Address - Suffix Type: Way
  • State: GA
  • City Name: Lithonia
  • Carrier Code: C006
  • 4-Digit Zip Code: 5483
  • Zip Code: 30058

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $218,220
  • Tax Rate Code Area: 04

    Appraisal Valuation

  • Standard Deviation: 0.2161
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 268,369
  • High Value: 326,374
  • Low Value: 210,364

    Market Valuation

  • Market Total Value: $251,200
  • Market Land Value: $40,000
  • Market Improvement Value: $211,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $100,480
  • Assessed Land Value: $16,000
  • Assessed Improvements Value: $84,480

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 31, 2018
  • Current Sale Recording Date: Aug 31, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018-021401
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Redan

Stats & Trends

Median Asking:

$249,900

Sale Price/ft²

$138

Below Asking

0.03%

Average Days on Market

87

Average Home Size

1668 ft²

Average Home Age

32.7 years

Currently For Sale

183 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1717 Panola Road, Stone Mountain, GA, 30088

$2,885 /mo

  • 4 Beds
  • 2 Baths
  • 2,006 ft²
1717 Panola Road #RENO, Stone Mountain, GA, 30088 Listing by Ross Rebhan

Rentals Near You

Click here to view more rentals in the neighborhood.
FMLS

Listed by: Tanya Pickens, Opendoor Brokerage, LLC
Last Updated: 2 years ago
Data Source: FMLS, MLS# 7564810
Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2026 FMLS.

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Frequently Asked Questions

When was property at 1950 Matthew Way built and last sold?
The property at 1950 Matthew Way was built in 1986 and last sold on Aug 31, 2018 for $136,900.
How much is this home worth?
The estimated value of the home located at 1950 Matthew Way is $0.
What are some comparable homes to 1950 Matthew Way?
There are currently no comparable homes to 1950 Matthew Way.
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