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507 Elmwood Road Northwest

507 Elmwood Road Northwest, Atlanta, GA 30318
House in Grove Park
Sold Feb 25, 2020
$224,750
$210,736 by Prosperity Home Mortgage
Mortgage Due Jan 01, 2050
Sold Mar 19, 2019
$72,000
$139,700 by Lendinghome Funding
Mortgage Due Jan 01, 2020
Local assessors in Atlanta, GA have categorized 507 Elmwood Road Northwest as a residential type of property. The home was built in 1945 and is 79 years old. It was most recently renovated and altered in 2016. The property's lot size has been calculated to be 9,670 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 507 Elmwood Road Northwest has a total of 1,232 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Moving onto specific details regarding the building. Our sources show that the building condition is excellent. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C+. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home has been utilizing gas for fuel. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 507 Elmwood Road Northwest sold most recently in Feb 25, 2020 for a total of $224,750. If you work out the math, that's approximately a cost of $182.43 per sqft. Before that, the property was also sold for $72,000 in Mar 19, 2019. 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 $4,887 in taxes each year. 507 Elmwood Road Northwest was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $118,040. If we break it down further, the land itself was valued at $40,120. Improvements to the property, however, were assessed at a total of $77,920. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

Building Features

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 2016
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Excellent
  • Building Quality: C+
  • Building Style: Conventional
  • Exterior Walls Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,670
  • Total Building Area: 1,232
  • Building Area: 1,232
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,232
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: GROVE PARK
  • Land Acres: 0.222
  • Standard Land Use Code: Single family residential
  • Legal Description 1: GROVE PARK

Ownership

  • Current Owner : BANISTER DARION
  • Previous Owner : CLEAN FORECLOSURES USA LLC
  • Owner Before Previous Owner: CHERWENKA INVESTMENTS LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Atlanta City School District
  • Census Tract: 008500

Zoning

  • Zoning: R5

Geography

  • District: 05
  • Parcel: 14 014600080057
  • Lot: 40,41
  • Municipality: CITY OF ATLANTA
  • Latitude: 33.769
  • Longitude: -84.4386

    Address

  • Full Address: 507 Elmwood Rd Nw
  • Address - House Number: 507
  • Street Segment Direction: NW
  • Address - Street Name: Elmwood
  • Address - Suffix Type: Rd
  • State: GA
  • City Name: Atlanta
  • Carrier Code: C017
  • 4-Digit Zip Code: 8105
  • Zip Code: 30318

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,887
  • Tax Rate Code Area: 05

    Appraisal Valuation

  • Standard Deviation: 0.2102
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 71
  • Final Value: 359,023
  • High Value: 434,507
  • Low Value: 283,540

    Open Liens

  • Total Open Liens: 4
  • Total Open Liens Amount: $255,812
  • First Open Lien Mortgage Lender: PROSPERITY HOME MORTGAGE
  • First Open Lien Mortgage Recording Date: Feb 25, 2020
  • First Open Lien Mortgage Loan Amount: $210,736
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2050
  • Second Open Lien Mortgage Lender: HOUSING AUTHORITY
  • Second Open Lien Mortgage Recording Date: Feb 25, 2020
  • Second Open Lien Mortgage Loan Amount: $25,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Jan 01, 2050
  • Third Open Lien Mortgage Lender: US DEPARTMENT OF HOUSING AND U
  • Third Open Lien Mortgage Recording Date: Oct 21, 2021
  • Third Open Lien Mortgage Loan Amount: $15,050
  • Third Open Lien Mortgage Term: 360
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: New Conventional
  • Third Open Lien Mortgage Loan Due Date: Jan 01, 2051
  • Fourth Open Lien Mortgage Lender: US DEPARTMENT OF HOUSING AND U
  • Fourth Open Lien Mortgage Recording Date: Nov 07, 2022
  • Fourth Open Lien Mortgage Loan Amount: $5,026
  • Fourth Open Lien Mortgage Term: 348
  • Fourth Open Lien Mortgage Position: 4
  • Fourth Open Lien Mortgage Loan Type: New Conventional
  • Fourth Open Lien Mortgage Loan Due Date: Sep 01, 2051

    Market Valuation

  • Market Total Value: $295,100
  • Market Land Value: $100,300
  • Market Improvement Value: $194,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $118,040
  • Assessed Land Value: $40,120
  • Assessed Improvements Value: $77,920

    Sales

  • Current Sale Contract Date: Feb 25, 2020
  • Current Sale Recording Date: Feb 25, 2020
  • Current Sale Transaction ID: 11748357701
  • Current Sale Price: $224,750
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020-007524
  • Previous Sale Recording Date: Mar 19, 2019
  • Previous Sale Contract Date: Mar 19, 2019
  • Previous Sale Amount: $72,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PROSPERITY HOME MORTGAGE
  • First Mortgage Transaction Date: Feb 25, 2020
  • First Mortgage Loan Amount: $210,736
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2050
  • Second Mortgage Lender: HOUSING AUTHORITY
  • Second Mortgage Transaction Date: Feb 25, 2020
  • Second Mortgage Loan Amount: $25,000
  • Second Mortgage Terms: 117
  • Second Mortgage Loan Type: New Conventional
  • Second Mortgage Loan Due Date: Jan 01, 2030

    Previous Mortgages

  • Previous Mortgage Lender: LENDINGHOME FUNDING
  • Previous Mortgage Transaction Date: Mar 19, 2019
  • Previous Mortgage Loan Amount: $139,700
  • Previous Mortgage Term: 9
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jan 01, 2020

About Northwest Atlanta



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Frequently Asked Questions

What neighborhood is 507 Elmwood Road Northwest located in?
The 507 Elmwood Road Northwest is a house located in the neighborhood of Grove Park in Northwest Atlanta, Atlanta.
What is the average sales price for listings in 507 Elmwood Road Northwest?
The average sales price for units in 507 Elmwood Road Northwest is $0 currently.

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