See Home Value
$323,321*
House - Off Market

2978 1st Avenue SW

Atlanta, GA 30315
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1085 Sqft
$284,000 - $346,000
Reference Base Price*
2.64%
Since May 1, 2023
GA-Atlanta
Primary Model
Sold Apr 19, 2023
$301,000
$287,120 by Shelter Home Mortgage
Mortgage Due Apr 01, 2053
Sold Nov 02, 2022
$62,000

About This Property

Welcome to your newly renovated home in Atlanta with built-in equity!  Certified appraised value of $330K. Perfect for first time homebuyers or savvy investors.   This single-family home includes an in-law suite and has been completely remodeled featuring new flooring, windows, HVAC, roof, modern fixtures, upgraded electrical & plumbing, and fresh paint.  Each unit features a open concept living area, full kitchen w/ stainless steel appliances, & charming bedrooms.  The bathrooms have been beautifully upgraded with new vanities, showers, and tile work.  Both units have their own private entrance.The flat backyard offers plenty of space for relaxation & entertaining.  This property offers the unique opportunity to generate rental income in multiple ways. Unit A is approved for $1300 monthly with Section 8, and the seller would place the tenant prior to closing. Additionally, you can utilize both units as an Airbnb with a projected annual rental revenue of $38,487, as the property is located in a desirable area conveniently close to the airport, downtown, Lakewood Amphitheater, and major interstates. Don't miss out on this fantastic investment opportunity - ask for a brochure and schedule a showing today!

The manager has listed the unit size as 1085 square feet.
Unit Size
1,085Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$290
Property Type
House
Property Taxes
$182
HOA Dues
-
Year Built
1960

Price History

Date / Event Date Event Price
Apr 24, 2023 No longer available -
No longer available
Apr 19, 2023 Sold to Jonathan Ifedi $301,000
Sold to Jonathan Ifedi
Mar 30, 2023 In contract -
In contract
Mar 15, 2023 Listed $315,000
Listed
Nov 2, 2022 Sold $62,000
Sold
Show More

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 2000
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Brick
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Rock and stone
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Total Building Area: 1,071
  • Building Area: 1,071
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,071
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HAMMOND PARK
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : IFEDI JONATHAN
  • Previous Owner : WALLS INVESTMENT PROPERTIES LLC
  • Owner Before Previous Owner: WALLS INVESTMENT PROPERTIES LLC
  • Is Owner Occupied: Owner-occupied property
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Mar 18, 2024

Neighborhood

  • School District Name: Atlanta City School District
  • Census Tract: 007400

Zoning

  • Zoning: R4

Geography

  • District: 05
  • Parcel: 14 009300040666
  • Block: 10
  • Lot: 16
  • Municipality: CITY OF ATLANTA
  • Latitude: 33.6739
  • Longitude: -84.402

    Address

  • Full Address: 2978 1st Ave Sw
  • Address - House Number: 2978
  • Street Segment Direction: SW
  • Address - Street Name: 1st
  • Address - Suffix Type: Ave
  • State: GA
  • City Name: Atlanta
  • Carrier Code: C028
  • 4-Digit Zip Code: 9033
  • Zip Code: 30315

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,448
  • Tax Rate Code Area: 05

    Appraisal Valuation

  • Standard Deviation: 0.0884
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 92
  • Final Value: 159,910
  • High Value: 174,046
  • Low Value: 145,773

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $287,120
  • First Open Lien Mortgage Lender: SHELTER HOME MORTGAGE
  • First Open Lien Mortgage Recording Date: Apr 19, 2023
  • First Open Lien Mortgage Loan Amount: $287,120
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2053

    Market Valuation

  • Market Total Value: $208,200
  • Market Land Value: $43,900
  • Market Improvement Value: $164,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $83,280
  • Assessed Land Value: $17,560
  • Assessed Improvements Value: $65,720

    Sales

  • Current Sale Contract Date: Apr 17, 2023
  • Current Sale Recording Date: Apr 19, 2023
  • Current Sale Transaction ID: 11906142826
  • Current Sale Price: $301,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2023-011333
  • Previous Sale Recording Date: Nov 02, 2022
  • Previous Sale Contract Date: Oct 28, 2022
  • Previous Sale Amount: $62,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SHELTER HOME MORTGAGE
  • First Mortgage Transaction Date: Apr 19, 2023
  • First Mortgage Loan Amount: $287,120
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2053



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,042 ft²
$279/ft²
$290,499 Mar 1, 2023
-
-
House
3 Beds
1 Bath
950 ft²
$294/ft²
$279,000 Jan 10, 2023
-
$141/mo
House
3 Beds
2 Baths
1,396 ft²
$261/ft²
$364,900 Feb 17, 2023
-
$34/mo
House
3 Beds
2 Baths
1,611 ft²
$223/ft²
$359,900 Mar 24, 2023
-
$181/mo
House
4 Beds
3 Baths
1,758 ft²
$162/ft²
$285,000 Jan 31, 2023
-
$279/mo
House
5 Beds
2 Baths
2,048 ft²
$134/ft²
$275,000 Mar 9, 2023
-
$294/mo
In Contract
House
4 Beds
2 Baths
-
$299,500 Sep 28, 2022
-
-
Multifamily
Stu
-
-
$299,000 Nov 2, 2022
-
$184/mo
Multifamily
Stu
-
-
$295,000 Jan 27, 2023
-
-

About Southside


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Frequently Asked Questions

When was property at 2978 1st Avenue Southwest built and last sold?
The property at 2978 1st Avenue Southwest was built in 1960 and last sold on Apr 17, 2023 for $301,000.
How much is this home worth?
The estimated value of the home located at 2978 1st Avenue Southwest is $314,772.
What are some comparable homes to 2978 1st Avenue Southwest?
Homes that are comparable to 2978 1st Avenue Southwest include a house property at 130 Mt Zion Road Southwest, 205 Maple Street, 3112 Waters Road Southwest.

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