$299,900
↑ $30K (11.1%)
●
Condo -
For Sale
198 Ponce De Leon Avenue NE #4C
Atlanta, GA 30308
2 Beds
1 Bath
825 Sqft
$2,258
Estimated Monthly
$515
HOA / Fees
9.66%
Cap Rate
About This Property
For an investor who wants a tenant in place until March 2025 paying
$1950/month. This condo is a prime choice for investors,
boasting uninterrupted rental income from 2007 to December 31,
2023, achieving an impressive zero days of vacancy over 14 years.
Documentation is available upon request. With a high capitalization
rate and the presence of quality tenants, this property stands out
as a dependable and profitable investment opportunity for those
looking to secure a valuable addition to their portfolio. This
condo not only offers the charm of historic architecture but also
the efficiencies of modern living in the dynamic Midtown area. This
825 square foot home features two generously sized bedrooms and a
full bathroom, all bathed in natural light and complemented by
elegant hardwood floors. The unit's historic character is preserved
in its 1924 construction, and modern amenities such as a
dishwasher, range, refrigerator, and washer/dryer combo are
included for your convenience.
A standout feature of this property is the significant cost savings afforded by the Homeowners' Association (HOA). The HOA provides hot water to all units, eliminating the need for an individual water heater in this condo. This unique benefit not only saves valuable space within your home but also reduces your monthly utility bills by approximately $40. Furthermore, the HOA covers essential services like gas, water, sewer, trash, internet, and cable, translating into an impressive $250 monthly value.
Adding to the appeal, the HVAC system in the unit is only 3 years old, ensuring efficient and reliable climate control for your comfort. The Massellton building, a historic landmark, features a gated courtyard that offers a serene escape from the city's energy. The condo also includes a covered porch with views of the courtyard, a gated parking space, and a large storage unit for added convenience. That parking space and storage unit was purchased by the owner in 2008 for over $13,000 and is included in the sale. Today that parking spot and storage unit is probably worth over $30,000. Owner has turned down offers to buy his storage unit separately which indicates there is a demand for such amenities.
Located in a prime area with unbeatable walkability, the condo is just a short distance from Ponce City Market, Piedmont Park, the Fox Theater, and the Beltline. Dining options abound, including the iconic Mary Mac's, only a block away. This listing is perfect for those who appreciate the blend of historical allure and modern functionality, right in the heart of Atlanta.
The manager has listed the unit size as 825 square feet.
A standout feature of this property is the significant cost savings afforded by the Homeowners' Association (HOA). The HOA provides hot water to all units, eliminating the need for an individual water heater in this condo. This unique benefit not only saves valuable space within your home but also reduces your monthly utility bills by approximately $40. Furthermore, the HOA covers essential services like gas, water, sewer, trash, internet, and cable, translating into an impressive $250 monthly value.
Adding to the appeal, the HVAC system in the unit is only 3 years old, ensuring efficient and reliable climate control for your comfort. The Massellton building, a historic landmark, features a gated courtyard that offers a serene escape from the city's energy. The condo also includes a covered porch with views of the courtyard, a gated parking space, and a large storage unit for added convenience. That parking space and storage unit was purchased by the owner in 2008 for over $13,000 and is included in the sale. Today that parking spot and storage unit is probably worth over $30,000. Owner has turned down offers to buy his storage unit separately which indicates there is a demand for such amenities.
Located in a prime area with unbeatable walkability, the condo is just a short distance from Ponce City Market, Piedmont Park, the Fox Theater, and the Beltline. Dining options abound, including the iconic Mary Mac's, only a block away. This listing is perfect for those who appreciate the blend of historical allure and modern functionality, right in the heart of Atlanta.
The manager has listed the unit size as 825 square feet.
Unit Size
825Ft²
Days on Market
110 days
Land Size
0.02 acres
Price per sqft
$364
Property Type
Condo
Property Taxes
$270
HOA Dues
$515
Year Built
1924
Listed By
Last updated: 16 days ago (FMLSGA #7322159)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 12, 2024 | Price Increased |
$299,900
↑ $30K
(11.1%)
|
|
Price Increased | |||
Feb 21, 2024 | Price Decreased |
$269,900
↓ $10K
(3.6%)
|
|
Price Decreased | |||
Feb 6, 2024 | Price Decreased |
$280,000
↓ $10K
(3.5%)
|
|
Price Decreased | |||
Jan 9, 2024 | Listed by Atlanta Communities Real Estate Brokerage | $290,000 | |
Listed by Atlanta Communities Real Estate Brokerage |
Property Highlights
Fireplace
Air Conditioning
Interior Details
Fireplace Information
Fireplace
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Condo
2
Beds
1
Bath
920 ft²
$303/ft²
$279,000
Mar 28, 2024
-
$596/mo
Active
Condo
1
Bed
1.5
Baths
984 ft²
$304/ft²
$299,000
Mar 29, 2024
-
$956/mo
Condo
1
Bed
1
Bath
814 ft²
$368/ft²
$299,900
Feb 20, 2024
-
$557/mo
Condo
1
Bed
1
Bath
821 ft²
$363/ft²
$298,000
Nov 20, 2023
-
$774/mo
Condo
1
Bed
1
Bath
775 ft²
$339/ft²
$262,500
Mar 7, 2024
-
$796/mo
Active
Condo
1
Bed
1
Bath
852 ft²
$332/ft²
$282,500
Feb 12, 2024
-
$5,607/mo
In Contract
Condo
1
Bed
1
Bath
852 ft²
$304/ft²
$259,000
Nov 16, 2023
-
$729/mo
Condo
1
Bed
1
Bath
874 ft²
$332/ft²
$289,999
Jan 16, 2024
-
$860/mo
In Contract
Condo
1
Bed
1
Bath
775 ft²
$303/ft²
$235,000
Jan 25, 2024
-
$521/mo
Condo
1
Bed
1
Bath
834 ft²
$384/ft²
$320,000
Mar 28, 2024
-
$574/mo
Condo
1
Bed
1
Bath
927 ft²
$313/ft²
$289,900
Jan 3, 2024
-
$561/mo
Condo
1
Bed
1
Bath
775 ft²
$308/ft²
$238,500
Dec 29, 2023
-
$627/mo
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
01/25/2024
|
2 Bed
|
1 Bath
|
920 ft²
|
$289,000
2 Bed
1 Bath
920 ft²
|
-
-
|
-
|
Rachel Brochstein
HARRY NORMAN REALTORS
|
|
06/23/2023
|
|
2 Bed
|
1 Bath
|
1005 ft²
|
$340,000
2 Bed
1 Bath
1005 ft²
|
-
-
|
-
|
Shaka Walker
Engel & Volkers Atlanta
|
08/29/2023
|
2 Bed
|
1 Bath
|
1005 ft²
|
$330,000
2 Bed
1 Bath
1005 ft²
|
-
-
|
-
|
Shaka Walker
Engel & Volkers Atlanta
|
|
06/28/2023
|
2 Bed
|
1 Bath
|
920 ft²
|
$315,000
2 Bed
1 Bath
920 ft²
|
-
-
|
-
|
Christopher Macken
Engel & Völkers Atlanta
|
|
03/08/2023
|
2 Bed
|
1 Bath
|
910 ft²
|
$285,000
2 Bed
1 Bath
910 ft²
|
-
-
|
-
|
KENA MURPHY
Atlanta Communities - West Cobb
|
|
06/09/2022
|
2 Bed
|
1 Bath
|
1000 ft²
|
$359,000
2 Bed
1 Bath
1000 ft²
|
-
-
|
-
|
Bryan Gates
PalmerHouse Properties
|
|
04/21/2022
|
|
2 Bed
|
1 Bath
|
1000 ft²
|
$295,000
2 Bed
1 Bath
1000 ft²
|
-
-
|
-
|
Kirsten Conover
Midtown Office
|
07/21/2021
|
2 Bed
|
1 Bath
|
910 ft²
|
$185,000
2 Bed
1 Bath
910 ft²
|
-
-
|
-
|
Andrew Peters
Real Broker LLC
|
|
07/08/2021
|
2 Bed
|
1 Bath
|
828 ft²
|
$225,000
2 Bed
1 Bath
828 ft²
|
-
-
|
-
|
Dayna Broder
Compass
|
|
03/05/2021
|
2 Bed
|
1 Bath
|
1005 ft²
|
$259,000
2 Bed
1 Bath
1005 ft²
|
-
-
|
-
|
SHAWN PEREZ
ATLANTA FINE HOMES SOTHEBYS INTERNATIONAL
|
|
01/18/2021
|
2 Bed
|
1 Bath
|
-
|
$249,900
2 Bed
1 Bath
|
-
-
|
-
|
Kenny Reighard
PalmerHouse Properties & Assoc
|
|
12/18/2020
|
2 Bed
|
1 Bath
|
1005 ft²
|
$265,000
2 Bed
1 Bath
1005 ft²
|
-
-
|
-
|
Jeannie Pickard
Solid Source Realty GA
|
|
08/12/2020
|
2 Bed
|
1 Bath
|
910 ft²
|
$212,000
2 Bed
1 Bath
910 ft²
|
-
-
|
-
|
Andrew Peters
Real Broker LLC
|
|
07/02/2020
|
2 Bed
|
1 Bath
|
840 ft²
|
$230,000
2 Bed
1 Bath
840 ft²
|
-
-
|
-
|
TANYA OURSLER
REALTY ASSOCIATES OF ATLANTA LLC
|
|
08/28/2019
|
2 Bed
|
2 Bath
|
1030 ft²
|
$264,900
2 Bed
2 Bath
1030 ft²
|
-
-
|
-
|
DANA RADISIC SAKONJIC
Atlanta Intown Real Estate Services
|
|
05/16/2019
|
2 Bed
|
1 Bath
|
910 ft²
|
$215,000
2 Bed
1 Bath
910 ft²
|
-
-
|
-
|
Jason Cook
Ansley Atlanta Real Estate, LLC
|
|
01/24/2019
|
2 Bed
|
1 Bath
|
-
|
$252,500
2 Bed
1 Bath
|
-
-
|
-
|
Brian Olivard
PalmerHouse Properties & Assoc
|
|
01/24/2019
|
2 Bed
|
1 Bath
|
1005 ft²
|
$252,500
2 Bed
1 Bath
1005 ft²
|
-
-
|
-
|
Brian Olivard
PalmerHouse Properties & Assoc
|
|
12/28/2018
|
2 Bed
|
2 Bath
|
1000 ft²
|
$256,900
2 Bed
2 Bath
1000 ft²
|
-
-
|
-
|
Alex Bonds
eXp Realty Associates, LLC
|
|
12/02/2018
|
2 Bed
|
1 Bath
|
1030 ft²
|
$250,000
2 Bed
1 Bath
1030 ft²
|
-
-
|
-
|
The Key Group
SOLID SOURCE REALTY GA LLC
|
|
12/02/2018
|
2 Bed
|
1 Bath
|
1030 ft²
|
$250,000
2 Bed
1 Bath
1030 ft²
|
-
-
|
-
|
The Key Group
SOLID SOURCE REALTY GA LLC
|
|
10/30/2018
|
2 Bed
|
2 Bath
|
1030 ft²
|
$250,000
2 Bed
2 Bath
1030 ft²
|
-
-
|
-
|
Talia Viggers
ATLANTA FINE HOMES SOTHEBYS INTERNATIONAL
|
|
08/31/2018
|
2 Bed
|
1 Bath
|
1005 ft²
|
-
2 Bed
1 Bath
1005 ft²
|
-
-
|
-
|
-
|
Building Info
198 Ponce De Leon Avenue Northeast
198 Ponce De Leon Avenue Northeast, Atlanta, GA 30308
- 2 Units for Sale
About Northeast Atlanta
Similar Homes for Sale
$238,500
- 1 Bed
- 1 Bath
- 775 ft²
$289,900
- 1 Bed
- 1 Bath
- 927 ft²
Nearby Rentals
$3,300 /mo
- 2 Beds
- 2 Baths
- 1,282 ft²
$2,900 /mo
- 1 Bed
- 1 Bath
- 1,060 ft²