5038 Memorial Drive

5038 Memorial Drive has been categorized by the local assessors in Stone Mountain, GA as a commercial type of property. The building on the property was first built in 1977 and is 47 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5038 Memorial Drive has 2,031 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 2,200 ft and across the front of the lot is 1,390 ft. The area measurement of the land has been determined as 30,579 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. Residents will have the luxury of enjoying a patio. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of B- by the local assessor. The exterior walls of the building are made of brick veneer. The inside of the home is being cooled with air conditioning at the moment. The property was last sold in May 7, 2021 for $413,000. That's $203.35 per sqft. Prior to that sales transaction, the property was also sold in Mar 31, 2010 for $216,300. 5038 Memorial Drive was last assessed in 2023. The total value of the property was assessed at $165,200. Specifically, the land the property is located on was valued at $88,880. While improvements on the property were assessed at a total of $76,320. 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 $8,098. The initial tax year of delinquency was in 2023. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! 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.