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516 Cobblestone Drive Northeast

516 Cobblestone Drive Northeast, Atlanta, GA 30342
Property in North Buckhead
Sold Jan 21, 2016
$1,650,000
$1,280,000 by Bank Of America Na
Mortgage Due Jan 21, 2041
516 Cobblestone Drive Northeast has been categorized by the local assessors in Atlanta, GA as a residential type of property. The building on the property was first built in 2016 and is 8 years old. The home has a total of 11 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 5 full bathrooms. There are 6 partial bathrooms in the home. The building has a total of 2 stories. In addition, 516 Cobblestone Drive Northeast has 5,057 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 17,990 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a traditional 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 220 sqft. Moving on to the building itself. The condition of the building has been evaluated as excellent. 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, it is utilizing a heat pump and being fueled with 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, 516 Cobblestone Drive Northeast sold most recently in Jan 21, 2016 for a total of $1,650,000. If you work out the math, that's approximately a cost of $326.28 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 $24,873 in taxes each year. The initial year of tax delinquency occurred in 2021. 516 Cobblestone Drive Northeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $600,800. If we break it down further, the land itself was valued at $219,360. Improvements to the property, however, were assessed at a total of $381,440. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Bathroom Plumbing Fixtures: 27
  • Building Condition: Excellent
  • Building Quality: A+
  • Building Style: Traditional
  • Exterior Walls Type: Masonry
  • Floor Count: 2
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 220
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 17,990
  • Total Building Area: 5,057
  • Building Area: 5,057
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 5,057
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: COBBLESTONE IVY ROAD
  • Land Acres: 0.413
  • Standard Land Use Code: Single family residential
  • Legal Description 1: REVIEWED PARCEL SEE NOTES 2

Ownership

  • Current Owner : PATEL NILESHKUMAR
  • Current Owner 2: RAMA RITA J
  • Previous Owner : PEACHTREE AVENUE DEVELOPMENT LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Atlanta City School District
  • Census Tract: 010003

Zoning

  • Zoning: R3

Geography

  • District: 05
  • Parcel: 17 006300020279
  • Municipality: CITY OF ATLANTA
  • Latitude: 33.8553
  • Longitude: -84.3713

    Address

  • Full Address: 516 Cobblestone Dr Ne
  • Address - House Number: 516
  • Street Segment Direction: NE
  • Address - Street Name: Cobblestone
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Atlanta
  • Carrier Code: C003
  • 4-Digit Zip Code: 4556
  • Zip Code: 30342

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $24,873
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 05

    Appraisal Valuation

  • Standard Deviation: 0.2098
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 71
  • Final Value: 1,850,150
  • High Value: 2,238,409
  • Low Value: 1,461,892

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,280,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Jan 21, 2016
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $1,280,000
  • First Open Lien Mortgage Term: 299
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Jan 21, 2041

    Market Valuation

  • Market Total Value: $1,502,000
  • Market Land Value: $548,400
  • Market Improvement Value: $953,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $600,800
  • Assessed Land Value: $219,360
  • Assessed Improvements Value: $381,440

    Sales

  • Current Sale Contract Date: Jan 21, 2016
  • Current Sale Recording Date: Jan 21, 2016
  • Current Sale Transaction ID: 1432748740
  • Current Sale Price: $1,650,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2016-002152

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Jan 25, 2016
  • First Mortgage Loan Amount: $1,280,000
  • First Mortgage Terms: 299
  • First Mortgage Loan Due Date: Jan 21, 2041

    Financing

  • First Mortgage Financing Type: Unknown

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Nearby Rentals

Unit for rent at

$1,900 /mo

  • 1 Bed
  • 1 Bath
Unit for rent at

$2,330 /mo

  • 4 Beds
  • 2 Baths
  • 2,222 ft²
Listing by Manager

Frequently Asked Questions

What neighborhood is 516 Cobblestone Drive Northeast located in?
The 516 Cobblestone Drive Northeast is a located in the neighborhood of North Buckhead in Buckhead, Atlanta.
What is the average sales price for listings in 516 Cobblestone Drive Northeast?
The average sales price for units in 516 Cobblestone Drive Northeast is $0 currently.

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