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512 Old Wheat Street Northeast

512 Old Wheat Street Northeast, Atlanta, GA 30312
Multifamily in Old Fourth Ward
512 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 1995. 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 6 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. 512 Old Wheat Street Northeast has 1,382 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 2,178 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 D. The condition of the building has been evaluated as average. 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 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. 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, 512 Old Wheat Street Northeast sold most recently in May 10, 2021 for a total of $430,000. If you work out the math, that's approximately a cost of $311.14 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 $7,498 in taxes each year. The initial year of tax delinquency occurred in 2020. 512 Old Wheat Street Northeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $181,120. If we break it down further, the land itself was valued at $78,400. Improvements to the property, however, were assessed at a total of $102,720. 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. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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

Exterior

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

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200405
04/05/2020
Studio
-
-
$420,000
bedrooms
Studio
bathrooms
-
-
-
-
Shaneka Baxter
PalmerHouse Properties

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1995
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Building Quality: D
  • 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: 2,178
  • Total Building Area: 1,382
  • Building Area: 1,382
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,382
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.05
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: OLD FOURTH WARD

Ownership

  • Current Owner : HAYNES JOHN D
  • Previous Owner : YOHANNES AMANUEL
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R5

Geography

  • District: 05
  • Parcel: 14 004600120532
  • Municipality: CITY OF ATLANTA
  • Latitude: 33.756
  • Longitude: -84.3709

    Address

  • Full Address: 512 Old Wheat St Ne
  • Address - House Number: 512
  • 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: $7,498
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 05W

    Appraisal Valuation

  • Standard Deviation: 0.2379
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 66
  • Final Value: 526,700
  • High Value: 652,018
  • Low Value: 401,383

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $419,211
  • First Open Lien Mortgage Lender: AMERISAVE MORTGAGE
  • First Open Lien Mortgage Recording Date: May 10, 2021
  • First Open Lien Mortgage Loan Amount: $399,628
  • 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, 2051
  • Second Open Lien Mortgage Lender: US DEPARTMENT OF HOUSING AND U
  • Second Open Lien Mortgage Recording Date: Oct 10, 2023
  • Second Open Lien Mortgage Loan Amount: $19,583
  • Second Open Lien Mortgage Term: 336
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: Sep 01, 2051

    Market Valuation

  • Market Total Value: $452,800
  • Market Land Value: $196,000
  • Market Improvement Value: $256,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $181,120
  • Assessed Land Value: $78,400
  • Assessed Improvements Value: $102,720

    Sales

  • Current Sale Contract Date: May 10, 2021
  • Current Sale Recording Date: May 10, 2021
  • Current Sale Transaction ID: 11840288102
  • Current Sale Price: $430,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-026939

    Last Sale Mortgage

  • First Mortgage Lender: AMERISAVE MORTGAGE
  • First Mortgage Transaction Date: May 10, 2021
  • First Mortgage Loan Amount: $399,628
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2051

About Northeast Atlanta



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Nearby Rentals

Unit for rent at

$2,200 /mo

  • 1 Bed
  • 1 Bath
  • 800 ft²
Listing by Gina Chin
Unit for rent at

$2,100 /mo

  • 2 Beds
  • 2 Baths
  • 1,263 ft²
Listing by Jeffrey Wilkerson
Unit for rent at

$2,400 /mo

  • 1 Bed
  • 1 Bath
  • 650 ft²
Listing by David Blumenfeld
Unit for rent at

$2,200 /mo

  • 1 Bed
  • 1 Bath
  • 875 ft²
Listing by Darrell L Ford
Unit for rent at

$2,100 /mo

  • 1 Bed
  • 1 Bath
  • 1,000 ft²
Listing by Carrie Cala
Unit for rent at

$2,400 /mo

  • 1 Bed
  • 1 Bath
  • 866 ft²
Listing by Ben Harris
Unit for rent at

$2,095 /mo

  • 1 Bed
  • 1.5 Baths
  • 1,512 ft²
Listing by Sonja Liholm

Frequently Asked Questions

What neighborhood is 512 Old Wheat Street Northeast located in?
The 512 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 512 Old Wheat Street Northeast?
The average sales price for units in 512 Old Wheat Street Northeast is $430,000 currently.

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