See Home Value
$203,000 - $247,000
House - Off Market

257 Simon Terrace

Atlanta, GA 30318
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2327 Sqft
Sold Feb 21, 2024
$205,000
Sold Feb 21, 2024
Transfer

About This Property

This is a amazing investment opportunity in historic collier heights!!. This is a single family red brick home with a full basement.  It's a 3/2 on the main level and bathroom downstairs in the basement. The ARV comps in the high 300s to low 400s. investor  could convert the basement into a 2/1 apartment  with a private entrance . This will make the property more valuable on the retail side and sell  faster to first time home buyers . The demand for duplex style homes on the  retail end is high  In this location Atlanta housing authority pay $1,500 to $1,700 for a 2 bedroom & $1,800 to $2,000 for a 3 bedroom apartment  This property could generate a total of $3,700  dollars per month by renting out both units to section 8 tenants.  Cash buyers only or seller preferred hard money lenders .

Take your contractor to view property - ZERO Due Diligence period

The manager has listed the unit size as 2327 square feet.
Unit Size
2,327Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$97
Property Type
House
Property Taxes
$120
HOA Dues
-
Year Built
1962

Price History

Date / Event Date Event Price
Feb 24, 2024 No longer available -
No longer available
Feb 21, 2024 Sold to Investments Llc Hgm $205,000
Sold to Investments Llc Hgm
Feb 15, 2024 In contract -
In contract
Feb 7, 2024 Relisted $225,000
Relisted
Jan 17, 2024 In contract -
In contract
Show More

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Brick
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Rock and stone
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 253
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,937
  • Total Building Area: 1,164
  • Building Area: 1,164
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,164
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: PYRAMID ASSOC INC
  • Land Acres: 0.297
  • Standard Land Use Code: Single family residential
  • Legal Description 1: AN WATER LEAKAGE IN BSMT. VERIFIED

Ownership

  • Current Owner : HGM INVESTMENTS LLC
  • Previous Owner : TOPS HOUSING LLC
  • Owner Before Previous Owner: TOPS HOUSING LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Atlanta City School District
  • Census Tract: 008204

Zoning

  • Zoning: R4

Geography

  • District: 05
  • Parcel: 14 020600060551
  • Municipality: CITY OF ATLANTA
  • Latitude: 33.7618
  • Longitude: -84.4748

    Address

  • Full Address: 257 E Simon Ter Nw
  • Address - House Number: 257
  • Street Segment Direction: NW
  • Street Direction: E
  • Address - Street Name: Simon
  • Address - Suffix Type: Ter
  • State: GA
  • City Name: Atlanta
  • Carrier Code: C025
  • 4-Digit Zip Code: 7435
  • Zip Code: 30318

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,435
  • Tax Rate Code Area: 05

    Appraisal Valuation

  • Standard Deviation: 0.0884
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 92
  • Final Value: 217,383
  • High Value: 236,600
  • Low Value: 198,167

    Market Valuation

  • Market Total Value: $207,400
  • Market Land Value: $72,900
  • Market Improvement Value: $134,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $82,960
  • Assessed Land Value: $29,160
  • Assessed Improvements Value: $53,800

    Sales

  • Current Sale Contract Date: Feb 21, 2024
  • Current Sale Recording Date: Feb 21, 2024
  • Current Sale Transaction ID: 11922005377
  • Current Sale Price: $205,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20240024695
  • Previous Sale Recording Date: Feb 21, 2024
  • Previous Sale Contract Date: Feb 21, 2024
  • Previous Sale Document Type: Quit Claim Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$205,000 Apr 4, 2017
$205,000 Aug 8, 2017
-
Land
Loft
-
-
$205,000 Apr 4, 2017
$205,000 Aug 8, 2017
-
House
4 Beds
2 Baths
888 ft²
$287/ft²
$255,000 Jan 26, 2024
-
$194/mo
House
3 Beds
3 Baths
1,601 ft²
$125/ft²
$199,900 Oct 26, 2023
-
$296/mo
House
2 Beds
1.5 Baths
1,070 ft²
$215/ft²
$230,000 Jul 6, 2023
-
$243/mo
House
3 Beds
2 Baths
1,130 ft²
$216/ft²
$244,000 Jan 17, 2024
-
$328/mo
House
3 Beds
2 Baths
1,152 ft²
$217/ft²
$249,900 Feb 10, 2024
-
$233/mo
House
3 Beds
1 Bath
1,110 ft²
$171/ft²
$190,000 Dec 18, 2023
-
$106/mo
House
2 Beds
1 Bath
884 ft²
$277/ft²
$245,000 Feb 7, 2024
-
$224/mo

About Southwest Atlanta


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Frequently Asked Questions

When was property at 257 East Simon Terrace Northwest built and last sold?
The property at 257 East Simon Terrace Northwest was built in 1962 and last sold on Feb 21, 2024 for $205,000.
How much is this home worth?
The estimated value of the home located at 257 East Simon Terrace Northwest is $227,250.
What are some comparable homes to 257 East Simon Terrace Northwest?
Homes that are comparable to 257 East Simon Terrace Northwest include a house property at 534 Hamilton E Holmes Drive Northwest, 450 Collier Ridge Drive Northwest, 241 West Simon Terrace Northwest.

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