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2881 Sylvan Road

2881 Sylvan Road, Atlanta, GA 30344
Multifamily in River Park
2881 Sylvan Road has been categorized by the local assessors in Atlanta, GA as a residential type of property. The building on the property was first built in 1954 and is 70 years old. However, we must point out that the home was most recently renovated and altered in 2018. The home has a total of 18 rooms. 8 of these rooms are legally considered as bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2881 Sylvan Road has 1,690 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 8,364 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a quadplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with brick control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The exterior walls of the building are made of rock and stone. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, the home is utilizing gas. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. Prior to that sales transaction, the property was also sold in May 13, 2022 for $656,000. 2881 Sylvan Road was last assessed in 2023. The total value of the property was assessed at $221,240. Specifically, the land the property is located on was valued at $44,400. While improvements on the property were assessed at a total of $176,840. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $6,245. The initial tax year of delinquency was in 2021. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Brick Exterior
Concrete Exterior

Parking

Parking Lot
This property description is generated based on publicly available data.

2 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20220401
04/01/2022
Studio
-
-
$649,000
bedrooms
Studio
bathrooms
-
-
-
-
Joseph Banks
Keller Williams Rlty Atl. Part
20200224
02/24/2020
Studio
-
-
$169,000
bedrooms
Studio
bathrooms
-
-
-
-
LENORE ANN SMITH
Virtual Properties Realty.com

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 2018
  • Total Rooms: 18
  • Bedroom Count: 8
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 28
  • Building Condition: Good
  • Building Quality: A
  • Construction Type: Brick
  • Building Style: Quadplex
  • Exterior Walls Type: Rock and stone
  • Floor Count: 1
  • Living Units: 4
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,364
  • Total Building Area: 1,690
  • Building Area: 1,690
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,690
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SYLVAN TERRACE
  • Land Acres: 0.192
  • Standard Land Use Code: Quadruplex (4 units, any combination)
  • Legal Description 1: AN UPD EFF YRCHG CDU TO FAIR 1120

Ownership

  • Current Owner : WESHER GRP LLC
  • Previous Owner : STEPHENS SHERRICKA
  • Owner Before Previous Owner: 4649 BURK PROPERTY HOLDINGS LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Fulton County School District
  • Census Tract: 011000

Zoning

  • Zoning: R2

Geography

  • District: 20
  • Parcel: 14 012500070061
  • Block: C
  • Lot: 6
  • Municipality: CITY OF EAST POINT
  • Latitude: 33.6763
  • Longitude: -84.4191

    Address

  • Full Address: 2881 Sylvan Rd
  • Address - House Number: 2881
  • Address - Street Name: Sylvan
  • Address - Suffix Type: Rd
  • State: GA
  • City Name: Atlanta
  • Carrier Code: C031
  • 4-Digit Zip Code: 3771
  • Zip Code: 30344

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,245
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 20

    Appraisal Valuation

  • Standard Deviation: 0.2098
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 71
  • Final Value: 238,265
  • High Value: 288,266
  • Low Value: 188,264

    Market Valuation

  • Market Total Value: $553,100
  • Market Land Value: $111,000
  • Market Improvement Value: $442,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $221,240
  • Assessed Land Value: $44,400
  • Assessed Improvements Value: $176,840

    Sales

  • Current Sale Contract Date: May 13, 2022
  • Current Sale Recording Date: May 31, 2022
  • Current Sale Transaction ID: 11889765046
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2022-023736
  • Previous Sale Recording Date: May 19, 2022
  • Previous Sale Contract Date: May 13, 2022
  • Previous Sale Amount: $656,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: TRUIST BANK
  • Previous Mortgage Transaction Date: May 19, 2022
  • Previous Mortgage Loan Amount: $492,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2052

About River Park



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Nearby Rentals

Unit for rent at

$2,400 /mo

  • 3 Beds
  • 2 Baths
  • 1,390 ft²
Listing by Michael Gray
Unit for rent at

$2,200 /mo

  • 3 Beds
  • 2 Baths
Listing by Benjamin Winwood
Unit for rent at

$2,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,496 ft²
Listing by Sasha Edwards
Unit for rent at

$2,250 /mo

  • 3 Beds
  • 2.5 Baths
  • 2,021 ft²
Listing by Michelle Berry
Unit for rent at

$2,100 /mo

  • 3 Beds
  • 2 Baths
Listing by Kelly Jenkins
Unit for rent at

$2,300 /mo

  • 4 Beds
  • 2 Baths
  • 1,841 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 2881 Sylvan Road located in?
The 2881 Sylvan Road is a multifamily located in the neighborhood of River Park in River Park, Atlanta.
What is the average sales price for listings in 2881 Sylvan Road?
The average sales price for units in 2881 Sylvan Road is $0 currently.

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