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515 Terrace Oaks Drive

515 Terrace Oaks Drive, Roswell, GA 30075
Property in Brookfield West
Sold Jun 02, 2021
$770,000
$616,000 by Home Loan Advisors
Mortgage Due Jan 01, 2051
Sold Jun 28, 2010
$490,000
515 Terrace Oaks Drive has been categorized by the local assessors in Roswell, GA as a residential type of property. The building on the property was first built in 1988 and is 36 years old. The home has a total of 9 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 515 Terrace Oaks Drive has 4,020 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a full basement that is 714 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 35,589 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 576 sqft. Moving on to the building itself. The condition of the building has been evaluated as good. From what we've gathered, the quality of these control joints have been graded with a letter grade of A by the local assessor. The exterior walls of the building are made of masonry. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, the home is utilizing gas. There is a single fireplace in the home. Perfect for those wintery nights. 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. 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, 515 Terrace Oaks Drive sold most recently in Jun 2, 2021 for a total of $770,000. If you work out the math, that's approximately a cost of $191.54 per sqft. Before that, the property was also sold for $490,000 in Jun 16, 2010. 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 $9,992 in taxes each year. 515 Terrace Oaks Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $354,000. If we break it down further, the land itself was valued at $129,520. Improvements to the property, however, were assessed at a total of $224,480. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 20
  • Building Condition: Good
  • Building Quality: A
  • Building Style: Conventional
  • Exterior Walls Type: Masonry
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 714
  • Garage Type: Garage
  • Garage Square Area: 576
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 35,589
  • Total Building Area: 4,020
  • Building Area: 4,020
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 4,020
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BROOKFIELD WEST PH 02
  • Land Acres: 0.817
  • Standard Land Use Code: Single family residential
  • Legal Description 1: UPDATED SKETCH

Ownership

  • Current Owner : OTTING EDWARD K
  • Current Owner 2: OTTING ALLISON C
  • Previous Owner : ALBANESE JOANN
  • Owner Before Previous Owner: BOLLI HANS
  • Owner Before Previous Owner 2: BOLLI JUNE A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Fulton County School District
  • Census Tract: 011513

Zoning

  • Zoning: R1C

Geography

  • District: 45
  • Parcel: 12 153202500429
  • Block: AA
  • Lot: 57
  • Municipality: CITY OF ROSWELL
  • Latitude: 34.0669
  • Longitude: -84.3899

    Address

  • Full Address: 515 Terrace Oaks Dr
  • Address - House Number: 515
  • Address - Street Name: Terrace Oaks
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Roswell
  • Carrier Code: C020
  • 4-Digit Zip Code: 1378
  • Zip Code: 30075

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,992
  • Tax Rate Code Area: 45

    Appraisal Valuation

  • Standard Deviation: 0.1811
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 992,861
  • High Value: 1,172,715
  • Low Value: 813,008

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $865,999
  • First Open Lien Mortgage Lender: HOME LOAN ADVISORS
  • First Open Lien Mortgage Recording Date: Jun 02, 2021
  • First Open Lien Mortgage Loan Amount: $616,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2051
  • Second Open Lien Mortgage Lender: RENASANT BANK
  • Second Open Lien Mortgage Recording Date: Feb 26, 2024
  • Second Open Lien Mortgage Loan Amount: $249,999
  • Second Open Lien Mortgage Term: 120
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Feb 01, 2034

    Market Valuation

  • Market Total Value: $885,000
  • Market Land Value: $323,800
  • Market Improvement Value: $561,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $354,000
  • Assessed Land Value: $129,520
  • Assessed Improvements Value: $224,480

    Sales

  • Current Sale Contract Date: Jun 02, 2021
  • Current Sale Recording Date: Jun 02, 2021
  • Current Sale Transaction ID: 11840289629
  • Current Sale Price: $770,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021-025994
  • Previous Sale Recording Date: Jun 28, 2010
  • Previous Sale Contract Date: Jun 16, 2010
  • Previous Sale Amount: $490,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOME LOAN ADVISORS
  • First Mortgage Transaction Date: Jun 02, 2021
  • First Mortgage Loan Amount: $616,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2051

    Previous Mortgages

  • Previous Mortgage Transaction Date: Jun 28, 2010

About Brookfield West



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Frequently Asked Questions

What neighborhood is 515 Terrace Oaks Drive located in?
The 515 Terrace Oaks Drive is a located in the neighborhood of Brookfield West in Brookfield West, Roswell.
What is the average sales price for listings in 515 Terrace Oaks Drive?
The average sales price for units in 515 Terrace Oaks Drive is $0 currently.

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