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577 Commercial Avenue Northwest

577 Commercial Avenue Northwest, Atlanta, GA 30318
Property in Center Hill
Sold Jun 02, 2023
$280,000
Buyer
Seller
$274,928 by First Community Mortgage
Mortgage Due May 01, 2053
Sold Apr 06, 2022
$140,000
577 Commercial Avenue Northwest in Atlanta, GA was first built in 1945 and is 79 years old. Although, the building on the property was most recently renovated and altered in 1975. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional 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 is only one bathroom. There is a 1 partial bathroom. 577 Commercial Avenue Northwest has 908 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 7,492 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 C. 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 a central heating system and being fueled with gas. 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, 577 Commercial Avenue Northwest sold most recently in May 16, 2023 for a total of $280,000. If you work out the math, that's approximately a cost of $308.37 per sqft. Before that, the property was also sold for $140,000 in Apr 1, 2022. 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 $3,453 in taxes each year. The initial year of tax delinquency occurred in 2022. 577 Commercial Avenue Northwest was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $83,400. If we break it down further, the land itself was valued at $42,040. Improvements to the property, however, were assessed at a total of $41,360. 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.

Building Features

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1975
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 7
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Conventional
  • Exterior Walls Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,492
  • Total Building Area: 908
  • Building Area: 908
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 908
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.172
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ID

Ownership

  • Current Owner : SMITH JUSTIN
  • Previous Owner : DELTA J3 LLC
  • Owner Before Previous Owner: DOMINION GRP LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Atlanta City School District
  • Census Tract: 008601

Zoning

  • Zoning: R4

Geography

  • District: 05
  • Parcel: 14 020700010092
  • Municipality: CITY OF ATLANTA
  • Latitude: 33.7709
  • Longitude: -84.4711

    Address

  • Full Address: 577 Commercial Ave Nw
  • Address - House Number: 577
  • Street Segment Direction: NW
  • Address - Street Name: Commercial
  • Address - Suffix Type: Ave
  • State: GA
  • City Name: Atlanta
  • Carrier Code: C034
  • 4-Digit Zip Code: 6119
  • Zip Code: 30318

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,453
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 05

    Appraisal Valuation

  • Standard Deviation: 0.0884
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 92
  • Final Value: 262,722
  • High Value: 285,946
  • Low Value: 239,497

    Open Liens

  • Total Open Liens: 3
  • Total Open Liens Amount: $294,528
  • First Open Lien Mortgage Lender: FIRST COMMUNITY MORTGAGE
  • First Open Lien Mortgage Recording Date: Jun 02, 2023
  • First Open Lien Mortgage Loan Amount: $274,928
  • 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: May 01, 2053
  • Second Open Lien Mortgage Lender: FIRST COMMUNITY MORTGAGE
  • Second Open Lien Mortgage Recording Date: Jun 02, 2023
  • Second Open Lien Mortgage Loan Amount: $9,800
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: May 01, 2053
  • Third Open Lien Mortgage Lender: FIRST COMMUNITY MORTGAGE
  • Third Open Lien Mortgage Recording Date: Oct 23, 2023
  • Third Open Lien Mortgage Loan Amount: $9,800
  • Third Open Lien Mortgage Term: 120
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: New Conventional
  • Third Open Lien Mortgage Loan Due Date: Oct 01, 2033

    Market Valuation

  • Market Total Value: $208,500
  • Market Land Value: $105,100
  • Market Improvement Value: $103,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $83,400
  • Assessed Land Value: $42,040
  • Assessed Improvements Value: $41,360

    Sales

  • Current Sale Contract Date: May 16, 2023
  • Current Sale Recording Date: Jun 02, 2023
  • Current Sale Transaction ID: 11908730062
  • Current Sale Price: $280,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2023-017055
  • Previous Sale Recording Date: Apr 06, 2022
  • Previous Sale Contract Date: Apr 01, 2022
  • Previous Sale Amount: $140,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST COMMUNITY MORTGAGE
  • First Mortgage Transaction Date: Jun 02, 2023
  • First Mortgage Loan Amount: $274,928
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2053
  • Second Mortgage Lender: FIRST COMMUNITY MORTGAGE
  • Second Mortgage Transaction Date: Jun 02, 2023
  • Second Mortgage Loan Amount: $9,800
  • Second Mortgage Terms: 120
  • Second Mortgage Loan Type: New Conventional
  • Second Mortgage Loan Due Date: May 01, 2033

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Frequently Asked Questions

What neighborhood is 577 Commercial Avenue Northwest located in?
The 577 Commercial Avenue Northwest is a located in the neighborhood of Center Hill in Northwest Atlanta, Atlanta.
What is the average sales price for listings in 577 Commercial Avenue Northwest?
The average sales price for units in 577 Commercial Avenue Northwest is $0 currently.

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