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2487 Albion Farm Way

2487 Albion Farm Way, Duluth, GA 30097
Property in Gwinnett
Sold May 21, 2015
$127,000
$124,699 by Brand Mortgage
Mortgage Due May 21, 2045
Sold Oct 12, 2009
$126,500
Local assessors in Duluth, GA have categorized 2487 Albion Farm Way as a residential type of property. The home was built in 1994 and is 30 years old. The property's lot size has been calculated to be 7,841 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a cluster style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 2 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 is one full bathroom. There is also a partial bathroom. 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 2487 Albion Farm Way has a total of 912 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 water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 240 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 wood control joints. Lots of shingles that aren't wood were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2487 Albion Farm Way was last sold in Jan 1, 1970 for $127,000. According to our calculations, that's $139.25 per sqft. Prior to that sales transaction, the property was sold for $126,500 in Oct 9, 2009. Current property owners are expected to pay $2,543 in taxes per year. The property on 2487 Albion Farm Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $120,880. To break that down further, the land itself was valued at $24,800. While improvements to the property were assessed at a total of $96,080. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Construction Type: Wood
  • Building Style: Cluster
  • Exterior Walls Type: Single (not wood)
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 240
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 912
  • Building Area: 912
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 912
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: ALBION FARM
  • Land Acres: 0.18
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L91 VILLAGE AT ALBION FARM #3

Ownership

  • Current Owner : PARK CHRIS
  • Previous Owner : RUSHIN CYNTHIA B
  • Owner Before Previous Owner: DRAKE JUDITH
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Gwinnett County School District
  • Census Tract: 050234

Zoning

  • Zoning: PUD-PLANNE

Geography

  • District: 4
  • Parcel: 7-244 -215
  • Lot: 91
  • Municipality: DULUTH
  • Latitude: 34.0195
  • Longitude: -84.1454

    Address

  • Full Address: 2487 Albion Farm Way
  • Address - House Number: 2487
  • Address - Street Name: Albion Farm
  • Address - Suffix Type: Way
  • State: GA
  • City Name: Duluth
  • Carrier Code: R061
  • 4-Digit Zip Code: 7622
  • Zip Code: 30097

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,543

    Appraisal Valuation

  • Standard Deviation: 0.1566
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 80
  • Final Value: 341,639
  • High Value: 395,171
  • Low Value: 288,108

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $124,699
  • First Open Lien Mortgage Lender: BRAND MORTGAGE
  • First Open Lien Mortgage Recording Date: May 21, 2015
  • First Open Lien Mortgage Loan Amount: $124,699
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: May 21, 2045

    Market Valuation

  • Market Total Value: $302,200
  • Market Land Value: $62,000
  • Market Improvement Value: $240,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $120,880
  • Assessed Land Value: $24,800
  • Assessed Improvements Value: $96,080

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Recording Date: May 21, 2015
  • Current Sale Transaction ID: 1209029048
  • Current Sale Price: $127,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2015-011564
  • Previous Sale Recording Date: Oct 12, 2009
  • Previous Sale Contract Date: Oct 09, 2009
  • Previous Sale Amount: $126,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BRAND MORTGAGE
  • First Mortgage Transaction Date: May 29, 2015
  • First Mortgage Loan Amount: $124,699
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

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Frequently Asked Questions

What neighborhood is 2487 Albion Farm Way located in?
The 2487 Albion Farm Way is a located in the neighborhood of Gwinnett in Duluth, Duluth.
What is the average sales price for listings in 2487 Albion Farm Way?
The average sales price for units in 2487 Albion Farm Way is $0 currently.

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