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407 Parkway Drive Northeast

407 Parkway Drive Northeast, Atlanta, GA 30308
Property in Old Fourth Ward
Sold Jul 21, 2022
$540,000
$1,443,000 by Colony Bank
Mortgage Due Oct 01, 2027
407 Parkway Drive Northeast 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 1955 and is 69 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 407 Parkway Drive Northeast has 3,440 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 5,663 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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 wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The exterior walls of the building are made of wood. 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. The property was last sold in Jul 15, 2022 for $540,000. That's $156.98 per sqft. 407 Parkway Drive Northeast was last assessed in 2023. The total value of the property was assessed at $104,000. Specifically, the land the property is located on was valued at $64,960. While improvements on the property were assessed at a total of $39,040. 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 $4,306. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Bedroom Count: 0
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Wood
  • Floor Count: 1
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,663
  • Total Building Area: 3,440
  • Building Area: 3,440
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,440
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.13
  • Standard Land Use Code: Garden apt, court apt (5+ units)
  • Legal Description 1: NS 4TH BEDFORD SEE TB NOTE ID EDNA MOFFETT HUD PROP MGR

Ownership

  • Current Owner : 428 PARKWAY LLC
  • Previous Owner : GUSTAVIA HOLDINGS LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Atlanta City School District
  • Census Tract: 003500

Zoning

  • Zoning: RG4

Geography

  • District: 05
  • Parcel: 14 004700082616
  • Municipality: CITY OF ATLANTA
  • Latitude: 33.7661
  • Longitude: -84.374

    Address

  • Full Address: 407 Parkway Dr Ne
  • Address - House Number: 407
  • Street Segment Direction: NE
  • Address - Street Name: Parkway
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Atlanta
  • Carrier Code: C017
  • Zip Code: 30312

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,306
  • Tax Rate Code Area: 05

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 421,767
  • High Value: 592,584
  • Low Value: 250,949

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,443,000
  • First Open Lien Mortgage Lender: COLONY BANK
  • First Open Lien Mortgage Recording Date: Oct 06, 2022
  • First Open Lien Mortgage Loan Amount: $1,443,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2027

    Market Valuation

  • Market Total Value: $260,000
  • Market Land Value: $162,400
  • Market Improvement Value: $97,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $104,000
  • Assessed Land Value: $64,960
  • Assessed Improvements Value: $39,040

    Sales

  • Current Sale Contract Date: Jul 15, 2022
  • Current Sale Recording Date: Jul 21, 2022
  • Current Sale Transaction ID: 11893809488
  • Current Sale Price: $540,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2022-031209

About Northeast Atlanta



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Frequently Asked Questions

What neighborhood is 407 Parkway Drive Northeast located in?
The 407 Parkway Drive Northeast is a located in the neighborhood of Old Fourth Ward in Northeast Atlanta, Atlanta.
What is the average sales price for listings in 407 Parkway Drive Northeast?
The average sales price for units in 407 Parkway Drive Northeast is $0 currently.

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