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40 Marietta Street

40 Marietta Street, Atlanta, GA 30303
40 Marietta Street in Atlanta, GA was first built in 1964 and is 60 years old. This has been categorized as a office property type. It is a single story home. In total, the area measurement of the land is 12,284 square feet.

Learn more about the property and building on this page. The building type has been coded as 2. The code stands for buildings that have fireproofed reinforced concrete frames carrying all wall, floor and roof loads which are all non-combustible.. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. The quality of the control joints have been graded by the local assessor with a letter grade of B. The exterior walls of the home are made of concrete. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 40 Marietta Street sold most recently in Sep 1, 2009 for a total of $7,000,000. If you work out the math, that's approximately a cost of $48.87 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $284,890 in taxes each year. 40 Marietta Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $6,200,000. If we break it down further, the land itself was valued at $1,600,000. Improvements to the property, however, were assessed at a total of $4,600,000. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 3
  • Bedroom Count: 0
  • Building Quality: B
  • Exterior Walls Type: Concrete
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 12,284
  • Total Building Area: 143,248
  • Gross Building Area: 143,248
  • Building Area: 143,248
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Building Type: Fireproof reinforced concrete frames/Non-combustible materials
  • Property Class: Office
  • Land Acres: 0.282
  • Standard Land Use Code: Skyscraper/highrise (commercial offices)
  • Legal Description 1: AN R&B DONNA WHITE 4048166663

Ownership

  • Current Owner : LBUBS 2000 & C3 MARIETTA STREET
  • Owner Before Previous Owner: 40 LP
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Atlanta City School District
  • Census Tract: 011901

Zoning

  • Zoning: SPI1

Geography

  • Account Number: 1094259
  • District: 05
  • Parcel: 14 007800110328
  • Municipality: CITY OF ATLANTA
  • Latitude: 33.755
  • Longitude: -84.3912

    Address

  • Full Address: 40 Marietta St Nw
  • Address - House Number: 40
  • Street Segment Direction: NW
  • Address - Street Name: Marietta
  • Address - Suffix Type: St
  • State: GA
  • City Name: Atlanta
  • Carrier Code: C030
  • 4-Digit Zip Code: 2812
  • Zip Code: 30303

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $284,890
  • Tax Rate Code Area: 05F

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $5,750,000
  • First Open Lien Mortgage Lender: BARCLAYS BANK
  • First Open Lien Mortgage Recording Date: Jan 28, 2014
  • First Open Lien Mortgage Loan Amount: $5,750,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jan 28, 2044

    Market Valuation

  • Market Total Value: $15,500,000
  • Market Land Value: $4,000,000
  • Market Improvement Value: $11,500,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $6,200,000
  • Assessed Land Value: $1,600,000
  • Assessed Improvements Value: $4,600,000

    Sales

  • Current Sale Contract Date: Sep 01, 2009
  • Current Sale Recording Date: Sep 01, 2009
  • Current Sale Transaction ID: 1123515082
  • Current Sale Price: $7,000,000
  • Current Sale Document Type: Foreclosure
  • Previous Sale Recording Date: May 07, 1997
  • Previous Sale Document Type: Sheriff's Deed

    Previous Mortgages

  • Previous Mortgage Lender: PREMIER LENDING
  • Previous Mortgage Transaction Date: May 07, 1997
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $6,000,000
  • Previous Mortgage Loan Type: Commercial

About Downtown Atlanta



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Frequently Asked Questions

What neighborhood is 40 Marietta Street located in?
The 40 Marietta Street is a located in the neighborhood of Five Points District in Downtown Atlanta, Atlanta.
What is the average sales price for listings in 40 Marietta Street?
The average sales price for units in 40 Marietta Street is $0 currently.

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