See Home Value
Atlanta 30317 Midway Woods
2916 Memorial Drive SE
$434,849*
House - Off Market

2916 Memorial Drive SE

Atlanta, GA 30317
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1152 Sqft
$387,000 - $471,000
Reference Base Price*
1.36%
Since Jun 1, 2023
GA-Atlanta
Primary Model
Sold Dec 07, 2016
$112,500
Ken
Seller
Sold Jul 06, 1995
$23,000

About This Property

Property can be subdivided according to Buyers needs. Price reduced!!  Seller is willing to sell the C1 zoned portion of 2916 Memorial Drive, which is approximately +/- .3 acres, with the existing commercially zoned house on it facing Memorial Drive for just $429K. The adjoining R4 zoned land on E Tupelo St., which is approximately .9 acres, can be purchased separately as well for just $99K. Buy everything together, including ALL 1.2 acres with the commercial house with C1 zoning on the .3 acres and the R4 zoned land on the .9 acres, for just $489K.  Even much larger land assemblage opportunities available here as well - just inquire within! Please see various illustrated subdivided lot configuration pricing models in the PHOTOSsection !!!...........................................................................................COMERCIAL HOUSE:  Perfect for the end-user, landlord, investor, or developer.  Commercial house zoned C1 on Memorial Dr.  Great for the savvy investor to rent the commercial space while implementing the right long-term plan (just add 1,000 sqft & get your desired double digit CAP rate here).  The space is now ready for tenant improvements for various commercial uses.  Ideal location in City of Atlanta near the intersection of Candler Rd. & Memorial Dr. for a MUSIC STUDIO, chiropractor, doctor, dentist, lawyer, surveyor, architect, barber, psychic, antique dealer, tailor, veterinarian, caterer, etc.  Close to East Lake, Oakhurst, and downtown Decatur & downtown Atlanta.  Plenty of room for designated parking spots........................................................................................................................................................................................................ADJOINING R4 LOTS: There is an approximate .9 acre residential tract of land zoned R4 that adjoins the .3 acre C1 lot.  This additional adjoining residential land is to the north of the .3 acre C1 zoned lot that has the existing house structure on it.  The residential land has approximately 150 feet of frontage on E Tupelo St.See DOCUMENTS section for survey and City of Atlanta C1 & R4 zoning regulations. See PHOTOS for plat maps, street maps, aerial maps, & offered subdivided land lot pricing configuration models.

The manager has listed the unit size as 1152 square feet.
Unit Size
1,152Ft²
Days on Market
-
Land Size
1.20 acres
Price per sqft
$372
Property Type
House
Property Taxes
$51
HOA Dues
-
Year Built
1938

Price History

Date / Event Date Event Price
Aug 7, 2023 No longer available -
No longer available
May 22, 2023 No longer available -
No longer available
May 18, 2023 Listed $429,000
Listed
Smart investment property. Great opportunity for double digit CAP rate return on commercially zoned house. This is also an opportunity to purchase a below-market house for the East Lake area. Price reduced!! Seller is willing to sell the C1 zoned portion of 2916 Memorial Drive, which is approximately +/- .3 acres, with the existing commercially zoned house on it facing Memorial Drive for just $429K. The adjoining R4 zoned land on E Tupelo St., which is approximately .9 acres, can be…
Apr 24, 2023 Price Increased $429,000
↑ $100 (0%)
Price Increased
Apr 7, 2023 Price Decreased $428,900
↓ $100 (0%)
Price Decreased
Show More

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Wood
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable or hip
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 30,405
  • Total Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,152
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EAST LAKE HIGHLANDS
  • Land Acres: 0.698
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : GALLOWAY JEFF
  • Previous Owner : KEN
  • Owner Before Previous Owner: JONES THOMAS A
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Atlanta City School District
  • Census Tract: 020802

Zoning

  • Zoning: C1

Geography

  • Parcel: 15 203 03 009
  • Municipality: ATLANTA
  • Latitude: 33.7474
  • Longitude: -84.291

    Address

  • Full Address: 2916 Memorial Dr Se
  • Address - House Number: 2916
  • Street Segment Direction: SE
  • Address - Street Name: Memorial
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Atlanta
  • Carrier Code: C006
  • 4-Digit Zip Code: 3502
  • Zip Code: 30317

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,484
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 61

    Appraisal Valuation

  • Standard Deviation: 0.0921
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 92
  • Final Value: 412,582
  • High Value: 450,601
  • Low Value: 374,563

    Market Valuation

  • Market Total Value: $231,600
  • Market Land Value: $55,500
  • Market Improvement Value: $176,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $92,640
  • Assessed Land Value: $22,200
  • Assessed Improvements Value: $70,440

    Sales

  • Current Sale Contract Date: Dec 07, 2016
  • Current Sale Recording Date: Dec 07, 2016
  • Current Sale Transaction ID: 1896046017
  • Current Sale Price: $112,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2016-027801
  • Previous Sale Recording Date: Jul 06, 1995
  • Previous Sale Contract Date: Jul 01, 1995
  • Previous Sale Amount: $23,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Type: Seller take-back



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
3 Baths
1,251 ft²
$296/ft²
$370,000 Apr 3, 2023
-
$363/mo
House
3 Beds
2 Baths
1,500 ft²
$271/ft²
$406,000 Feb 17, 2023
-
$139/mo
House
3 Beds
2.5 Baths
1,509 ft²
$315/ft²
$475,000 Mar 21, 2023
-
-
House
3 Beds
3 Baths
1,811 ft²
$271/ft²
$489,900 Mar 9, 2023
-
$418/mo
House
3 Beds
1 Bath
1,356 ft²
$280/ft²
$379,000 Oct 21, 2021
-
$121/mo
House
3 Beds
1 Bath
1,356 ft²
$280/ft²
$379,000 Sep 6, 2021
-
-
House
4 Beds
2 Baths
1,714 ft²
$256/ft²
$439,000 Feb 23, 2023
-
-
House
4 Beds
3 Baths
1,804 ft²
$238/ft²
$429,900 Jan 13, 2023
-
$223/mo
House
4 Beds
1 Bath
1,507 ft²
$298/ft²
$449,000 Mar 31, 2023
-
$287/mo
Townhouse
4 Beds
3.5 Baths
2,893 ft²
$173/ft²
$499,950 Mar 2, 2023
-
$275/mo
Land
Loft
-
-
$399,950 Sep 15, 2020
-
$33/mo
Land
Loft
-
-
$469,900 Jan 9, 2023
-
$97/mo

About Midway Woods


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Frequently Asked Questions

When was property at 2916 Memorial Drive Southeast built and last sold?
The property at 2916 Memorial Drive Southeast was built in 1938 and last sold on Dec 7, 2016 for $112,500.
How much is this home worth?
The estimated value of the home located at 2916 Memorial Drive Southeast is $425,567.
What are some comparable homes to 2916 Memorial Drive Southeast?
Homes that are comparable to 2916 Memorial Drive Southeast include a house property at 1865 Stanton Street, 531 Allendale Drive, 2769 Glenwood Avenue Southeast.

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