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577 Reed Street Southeast

577 Reed Street Southeast, Atlanta, GA 30312
Townhouse in Summerhill
Sold May 23, 2019
$253,500
$205,000 by Broker Solutions
Mortgage Due Jan 01, 2050
Sold Dec 17, 2014
$121,500
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Local assessors in Atlanta, GA have categorized 577 Reed Street Southeast as a residential type of property. The home was built in 2003 and is 21 years old. The property's lot size has been calculated to be 1,263 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 577 Reed Street Southeast has a total of 1,282 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 240 sqft. Moving onto specific details regarding the building. Our sources show that the building condition is good. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. Lots of wood were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home has been utilizing gas for fuel. 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 Reed Street Southeast sold most recently in May 23, 2019 for a total of $253,500. If you work out the math, that's approximately a cost of $197.74 per sqft. Before that, the property was also sold for $121,500 in Dec 17, 2014. 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 $1,978 in taxes each year. 577 Reed Street Southeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $145,320. If we break it down further, the land itself was valued at $24,760. Improvements to the property, however, were assessed at a total of $120,560. 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. 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!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

Exterior

Brick Exterior

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 14
  • Building Condition: Good
  • Building Quality: B
  • Building Style: Townhouse
  • Exterior Walls Type: Wood
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 240
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,263
  • Total Building Area: 1,282
  • Building Area: 1,282
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,282
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HERITAGE POINTE
  • Land Acres: 0.029
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: HERITAGE POINTE #28

Ownership

  • Current Owner : WALLACE GARRETT P
  • Current Owner 2: WALLACE WILLIAM P
  • Previous Owner : SAGASTUME CARLOS
  • Owner Before Previous Owner: BANK OF NEW YORK MELLON TRUSTE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Atlanta City School District
  • Census Tract: 004900

Zoning

  • Zoning: R1

Geography

  • Account Number: 6095035
  • District: 05
  • Parcel: 14 005300101565
  • Lot: 28
  • Municipality: CITY OF ATLANTA
  • Latitude: 33.7386
  • Longitude: -84.3857

    Address

  • Full Address: 577 Reed St Se
  • Address - House Number: 577
  • Street Segment Direction: SE
  • Address - Street Name: Reed
  • Address - Suffix Type: St
  • State: GA
  • City Name: Atlanta
  • Carrier Code: C003
  • 4-Digit Zip Code: 2829
  • Zip Code: 30312

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,978
  • Tax Rate Code Area: 05

    Appraisal Valuation

  • Standard Deviation: 0.2053
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 72
  • Final Value: 397,639
  • High Value: 479,291
  • Low Value: 315,987

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $407,800
  • First Open Lien Mortgage Lender: BROKER SOLUTIONS
  • First Open Lien Mortgage Recording Date: Jun 08, 2020
  • First Open Lien Mortgage Loan Amount: $205,000
  • 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, 2050
  • Second Open Lien Mortgage Lender: BROKER SOLUTIONS
  • Second Open Lien Mortgage Recording Date: May 31, 2019
  • Second Open Lien Mortgage Loan Amount: $202,800
  • 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: Jan 01, 2049

    Market Valuation

  • Market Total Value: $363,300
  • Market Land Value: $61,900
  • Market Improvement Value: $301,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $145,320
  • Assessed Land Value: $24,760
  • Assessed Improvements Value: $120,560

    Sales

  • Current Sale Contract Date: May 23, 2019
  • Current Sale Recording Date: May 23, 2019
  • Current Sale Transaction ID: 11613324293
  • Current Sale Price: $253,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019-020854
  • Previous Sale Recording Date: Dec 17, 2014
  • Previous Sale Contract Date: Dec 17, 2014
  • Previous Sale Amount: $121,500
  • Previous Sale Document Type: Warranty Deed

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Frequently Asked Questions

What neighborhood is 577 Reed Street Southeast located in?
The 577 Reed Street Southeast is a townhouse located in the neighborhood of Summerhill in Intown South, Atlanta.
What is the average sales price for listings in 577 Reed Street Southeast?
The average sales price for units in 577 Reed Street Southeast is $0 currently.

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