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Pine Lake 30083
531 Spruce Drive
$229,900
● House - Off Market

531 Spruce Drive

Pine Lake, GA 30072
bedrooms
2 Beds
bathrooms
2 Baths
$237,369
RealtyHop Estimate
3.25%
Since Aug 1, 2022
GA-Atlanta
Primary Model

About This Property

Charming Pine Lake Bungalow is literally steps away from Pine Lake. Begin and end your day with a view of the lake from your picture window in the huge Family Room that also boasts a cozy fireplace. This 2 Bedroom / 2 Bath gem features an updated kitchen with ample white cabinets and stainless appliances. The interior features beamed ceilings and library space with built-in bookcases. The back yard and spacious deck are perfect for year round entertaining. Awesome scenic, artistic upbeat community with its own Lake, Beach House, Playground, Community Center, Trails/Nature Habitat, and Tennis Courts. So close to Decatur Square, Avondale Estates and all major traffic arteries.
Unit Size
-
Days on Market
-
Land Size
0.40 acres
Price per sqft
-
Property Type
House
Property Taxes
$266
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (GAMLS #10026977)

Price History

Date / Event Date Event Price
Jul 15, 2022 Sold
Premium
Sold
Mar 7, 2022 Listed by Keller Knapp, Inc $229,900
Listed by Keller Knapp, Inc
Mar 30, 2018 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 17
  • Interior Walls Type: 6
  • Roof Shape Type: 7
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 500
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,424
  • Lot Size Depth Feet: 1,820
  • Lot Size Frontage Feet: 1,030
  • Total Building Area: 642
  • Building Area: 642
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 642
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 4
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PINE LAKE
  • Land Acres: 0000000400
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: DeKalb County School District
  • Census Tract: 023219

Zoning

  • Zoning: R100

Geography

  • Parcel: 18 041 08 264
  • Municipality: PINE LAKE
  • Latitude: 33.7907
  • Longitude: -84.2038

    Address

  • Full Address: 531 Spruce Dr
  • Address - House Number: 531
  • Address - Street Name: Spruce
  • Address - Suffix Type: Dr
  • State: GA
  • City Name: Pine Lake
  • Zip Code: 30072

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $319,924
  • Tax Rate Code Area: 74

    Appraisal Valuation

  • Standard Deviation: 0.2191
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 69
  • Final Value: 269,498
  • High Value: 328,571
  • Low Value: 210,426

    Market Valuation

  • Market Total Value: $229,900
  • Market Land Value: $54,000
  • Market Improvement Value: $175,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $91,960
  • Assessed Land Value: $21,600
  • Assessed Improvements Value: $70,360

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 06, 2022
  • Current Sale Recording Date: Jul 15, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022-017310
  • Previous Sale Recording Date: Mar 30, 2018
  • Previous Sale Contract Date: Mar 30, 2018
  • Previous Sale Amount: $168,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Pine Lake

Stats & Trends

Median Asking:

$336,000

Sale Price/ft²

$209

Below Asking

0.03%

Average Days on Market

130

Average Home Size

2595 ft²

Average Home Age

68.4 years

Currently For Sale

7 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 4142 Blackhawk Drive, Stone Mountain, GA, 30083

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,693 ft²
4142 Blackhawk Drive, Stone Mountain, GA, 30083 Listing by Gary S Chad
Unit for rent at 4941 Isle Royal Court, Stone Mountain, GA, 30088

$2,450 /mo

  • 5 Beds
  • 2 Baths
4941 Isle Royal Court, Stone Mountain, GA, 30088 Listing by Dawn Taylor

Rentals Near You

Click here to view more rentals in the neighborhood.
GAMLS

Listed by: Weslee Knapp, Keller Knapp, Inc
Last Updated: 3 years ago
Data Source: GAMLS, MLS# 10026977
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 531 Spruce Drive built and last sold?
The property at 531 Spruce Drive was built in 1940 and last sold on Jul 6, 2022 for $229,900.
How much is this home worth?
The estimated value of the home located at 531 Spruce Drive is $232,199.
What are some comparable homes to 531 Spruce Drive?
There are currently no comparable homes to 531 Spruce Drive.
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