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641 Jones Avenue Northwest

641 Jones Avenue Northwest, Atlanta, GA 30314
Property in English Avenue
Sold Jul 08, 2019
$113,684
$1,250,000 by Wff Real Estate Investment Fun
Mortgage Due Jan 01, 2031
Sold Mar 21, 2019
$1,868,000
641 Jones Avenue Northwest in Atlanta, GA was first built in 1959 and is 65 years old. Although, the building on the property was most recently renovated and altered in 2000. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 641 Jones Avenue Northwest has 13,436 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 20,125 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. There are a total of 20 available parking spaces. 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 quality of the control joints have been graded by the local assessor with a letter grade of C. The exterior walls of the home are made of wood. 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, 641 Jones Avenue Northwest sold most recently in Jul 8, 2019 for a total of $113,684. If you work out the math, that's approximately a cost of $8.46 per sqft. Before that, the property was also sold for $1,868,000 in Mar 21, 2019. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $24,159 in taxes each year. The initial year of tax delinquency occurred in 2020. 641 Jones Avenue Northwest was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $583,560. If we break it down further, the land itself was valued at $133,000. Improvements to the property, however, were assessed at a total of $450,560. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1959
  • Effective Year Built: 2000
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Wood
  • Floor Count: 1
  • Living Units: 20
  • Basement Area: 0
  • Parking Space Count: 20

    Dimensions

  • Lot Size Square Feet: 20,125
  • Total Building Area: 13,436
  • Building Area: 13,436
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 13,436
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: NICHOLS & JONES
  • Land Acres: 0.462
  • Standard Land Use Code: Garden apt, court apt (5+ units)
  • Legal Description 1: APTS 525-0808 OCCUPIED ,CORNER LOT PARCEL REVIEW; RMV DP

Ownership

  • Current Owner : 641 JONES AVENUE LLC
  • Previous Owner : ATL RE HOLDINGS LLC
  • Owner Before Previous Owner: TRACK INVESTMENTS LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Atlanta City School District
  • Census Tract: 011802

Zoning

  • Zoning: R5

Geography

  • District: 05
  • Parcel: 14 011100090784
  • Lot: 4
  • Municipality: CITY OF ATLANTA
  • Latitude: 33.7645
  • Longitude: -84.4086

    Address

  • Full Address: 641 Jones Ave Nw
  • Address - House Number: 641
  • Street Segment Direction: NW
  • Address - Street Name: Jones
  • Address - Suffix Type: Ave
  • State: GA
  • City Name: Atlanta
  • Carrier Code: C017
  • 4-Digit Zip Code: 3847
  • Zip Code: 30314

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $24,159
  • Intital Tax Deliquent Year: 2020
  • Tax Rate Code Area: 05Z

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 1,072,114
  • High Value: 1,506,325
  • Low Value: 637,902

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,250,000
  • First Open Lien Mortgage Lender: WFF REAL ESTATE INVESTMENT FUN
  • First Open Lien Mortgage Recording Date: Jul 08, 2019
  • First Open Lien Mortgage Loan Amount: $1,250,000
  • First Open Lien Mortgage Term: 136
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2031

    Market Valuation

  • Market Total Value: $1,458,900
  • Market Land Value: $332,500
  • Market Improvement Value: $1,126,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $583,560
  • Assessed Land Value: $133,000
  • Assessed Improvements Value: $450,560

    Sales

  • Current Sale Contract Date: Jul 08, 2019
  • Current Sale Recording Date: Jul 08, 2019
  • Current Sale Transaction ID: 11636995612
  • Current Sale Price: $113,684
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2019-032845
  • Previous Sale Recording Date: Mar 21, 2019
  • Previous Sale Contract Date: Mar 21, 2019
  • Previous Sale Amount: $1,868,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WFF REAL ESTATE INVESTMENT FUN
  • First Mortgage Transaction Date: Jul 08, 2019
  • First Mortgage Loan Amount: $1,250,000
  • First Mortgage Terms: 136
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2031

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Frequently Asked Questions

What neighborhood is 641 Jones Avenue Northwest located in?
The 641 Jones Avenue Northwest is a located in the neighborhood of English Avenue in Westside, Atlanta.
What is the average sales price for listings in 641 Jones Avenue Northwest?
The average sales price for units in 641 Jones Avenue Northwest is $0 currently.

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