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5394 Buford Highway

5394 Buford Highway, Norcross, GA 30071
House in Gwinnett
Sold Nov 04, 2022
$7,000,000
Sold Apr 09, 2021
$3,640,000
$2,600,000 by Westmoore Lending Partners Iii
Mortgage Due Jan 01, 2022
5394 Buford Highway in Norcross, GA was first built in 1941 and is 83 years old. This has been categorized as a residential property type. It is a single story home. 5394 Buford Highway has 1,780 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 64,904 square feet.

Learn more about the property and building on this page. There is a open porch. Water for the property is sourced from a water system. The property is connected to a sewer system. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The condition of the building has been evaluated as good. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing gas. The property was last sold in Nov 4, 2022 for $7,000,000. That's $3,932.58 per sqft. Prior to that sales transaction, the property was also sold in Apr 9, 2021 for $3,640,000. 5394 Buford Highway was last assessed in 2022. The total value of the property was assessed at $225,600. Specifically, the land the property is located on was valued at $59,600. While improvements on the property were assessed at a total of $166,000. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $8,789. The initial tax year of delinquency was in 2021. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Bedroom Count: 0
  • Building Condition: Good
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 1,780
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 64,904
  • Total Building Area: 1,780
  • Building Area: 1,780
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,780
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: BUFORD
  • Land Acres: 1.49
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BUFORD HWY

Ownership

  • Current Owner : CRP AR PROSE 5420 OWNER LLC
  • Previous Owner : MOSAIC NORCROSS LLC
  • Owner Before Previous Owner: GEESLIN WRIGLEY INVESTMENTS LLLP
  • Current Owner Is a Corporation Indicator: Yes
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Jun 23, 2022

Neighborhood

  • School District Name: Gwinnett County School District
  • Census Tract: 050326

Zoning

  • Zoning: AA010

Geography

  • District: 9
  • Parcel: 6-241 -011
  • Municipality: NORCROSS
  • Latitude: 33.9467
  • Longitude: -84.2013

    Address

  • Full Address: 5394 Buford Hwy
  • Address - House Number: 5394
  • Address - Street Name: Buford
  • Address - Suffix Type: Hwy
  • State: GA
  • City Name: Norcross
  • Carrier Code: C090
  • 4-Digit Zip Code: 2602
  • Zip Code: 30071

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,789
  • Intital Tax Deliquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1455
  • Valuation Date: Feb 15, 2023
  • Confidence Score: 82
  • Final Value: 554,996
  • High Value: 635,798
  • Low Value: 474,194

    Market Valuation

  • Market Total Value: $564,000
  • Market Land Value: $149,000
  • Market Improvement Value: $415,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $225,600
  • Assessed Land Value: $59,600
  • Assessed Improvements Value: $166,000

    Sales

  • Current Sale Contract Date: Nov 04, 2022
  • Current Sale Recording Date: Nov 04, 2022
  • Current Sale Transaction ID: 11898625787
  • Current Sale Price: $7,000,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2022-033862
  • Previous Sale Recording Date: Apr 09, 2021
  • Previous Sale Contract Date: Apr 09, 2021
  • Previous Sale Amount: $3,640,000
  • Previous Sale Document Type: Limited Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: WESTMOORE LENDING PARTNERS III
  • Previous Mortgage Transaction Date: Apr 09, 2021
  • Previous Mortgage Loan Amount: $2,600,000
  • Previous Mortgage Term: 8
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jan 01, 2022

About Norcross



Similar Buildings

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Nearby Rentals

Unit for rent at 5926 Redwine Street, Norcross, GA, 30071

$3,350 /mo

  • 3 Beds
  • 3.5 Baths
  • 2,170 ft²
5926 Redwine Street, Norcross, GA, 30071 Listing by Brian Benninghoff

Frequently Asked Questions

What neighborhood is 5394 Buford Highway located in?
The 5394 Buford Highway is a house located in the neighborhood of Gwinnett in Norcross, Norcross.
What is the average sales price for listings in 5394 Buford Highway?
The average sales price for units in 5394 Buford Highway is $0 currently.

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