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506 Old Wheat Street Northeast

506 Old Wheat Street Northeast, Atlanta, GA 30312
Multifamily in Old Fourth Ward
506 Old Wheat Street Northeast in Atlanta, GA was first built in 1920 and is 104 years old. Although, the building on the property was most recently renovated and altered in 2005. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a duplex style. It is a single story home. There are a total of 4 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 506 Old Wheat Street Northeast has 1,350 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 2,222 square feet.

Learn more about the property and building on this page. 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 C. The condition of the building has been evaluated as good. The exterior walls of the home are made of wood. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Nov 30, 2021 for $555,000. That's $411.11 per sqft. Prior to that sales transaction, the property was also sold in Aug 9, 2019 for $441,500. 506 Old Wheat Street Northeast was last assessed in 2023. The total value of the property was assessed at $210,400. Specifically, the land the property is located on was valued at $78,600. While improvements on the property were assessed at a total of $131,800. 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 $8,616. The initial tax year of delinquency was in 2020. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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.

Building Features

Parking

Paved Parking

Exterior

Concrete Exterior
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190719
07/19/2019
Studio
-
2700 ft²
$449,500
bedrooms
Studio
bathrooms
-
square feet
2700 ft²
-
-
-
Kara Lyness
PalmerHouse Properties & Assoc

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 2005
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 16
  • Building Condition: Good
  • Building Quality: C
  • Building Style: Duplex
  • Exterior Walls Type: Wood
  • Floor Count: 1
  • Living Units: 2
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,222
  • Total Building Area: 1,350
  • Building Area: 1,350
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,350
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.051
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: UPDATED SKETCH CLOSED PERMIT

Ownership

  • Current Owner : THOTAKURA UMALAKSHMI K
  • Current Owner 2: THOTAKURA RAJAKUMAR
  • Previous Owner : KISH LAURA N
  • Owner Before Previous Owner: SHLOMO ROI
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Atlanta City School District
  • Census Tract: 002900

Zoning

  • Zoning: R5

Geography

  • Account Number: 0977161
  • District: 05
  • Parcel: 14 004600120540
  • Municipality: CITY OF ATLANTA
  • Latitude: 33.756
  • Longitude: -84.3709

    Address

  • Full Address: 506 Old Wheat St Ne
  • Address - House Number: 506
  • Street Segment Direction: NE
  • Address - Street Name: Old Wheat
  • Address - Suffix Type: St
  • State: GA
  • City Name: Atlanta
  • Carrier Code: C018
  • 4-Digit Zip Code: 1653
  • Zip Code: 30312

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,616
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 05W

    Appraisal Valuation

  • Standard Deviation: 0.2076
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 71
  • Final Value: 599,783
  • High Value: 724,355
  • Low Value: 475,211

    Market Valuation

  • Market Total Value: $526,000
  • Market Land Value: $196,500
  • Market Improvement Value: $329,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $210,400
  • Assessed Land Value: $78,600
  • Assessed Improvements Value: $131,800

    Sales

  • Current Sale Contract Date: Nov 30, 2021
  • Current Sale Recording Date: Nov 30, 2021
  • Current Sale Transaction ID: 11873036723
  • Current Sale Price: $555,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-056720
  • Previous Sale Recording Date: Aug 09, 2019
  • Previous Sale Contract Date: Aug 09, 2019
  • Previous Sale Amount: $441,500
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: VANDERBILT MORTGAGE
  • Previous Mortgage Transaction Date: Aug 09, 2019
  • Previous Mortgage Loan Amount: $331,125
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2049

About Northeast Atlanta



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Frequently Asked Questions

What neighborhood is 506 Old Wheat Street Northeast located in?
The 506 Old Wheat Street Northeast is a multifamily located in the neighborhood of Old Fourth Ward in Northeast Atlanta, Atlanta.
What is the average sales price for listings in 506 Old Wheat Street Northeast?
The average sales price for units in 506 Old Wheat Street Northeast is $0 currently.

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