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940 Piedmont Avenue Northeast

940 Piedmont Avenue Northeast, Atlanta, GA 30309
Property in Midtown
Sold Apr 20, 2018
$1,560,000
$4,700,000 by Bayview Commercial Mortgage Fi
Mortgage Due Jan 01, 2029
Sold Apr 20, 2018
$1,600,000
$2,800,000 by Plymouth Funding
Mortgage Due May 01, 2019
940 Piedmont Avenue Northeast has been categorized by the local assessors in Atlanta, GA as a residential type of property. The building on the property was first built in 1920 and is 104 years old. However, we must point out that the home was most recently renovated and altered in 2011. The home comes with a single bedroom. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 940 Piedmont Avenue Northeast has 15,046 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 11,021 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. According to our sources, there are a total of 12 available parking spaces. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D+ by the local assessor. The exterior walls of the building are made of brick. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. The property was last sold in Apr 20, 2018 for $1,560,000. That's $103.68 per sqft. Prior to that sales transaction, the property was also sold in Apr 20, 2018 for $1,600,000. 940 Piedmont Avenue Northeast was last assessed in 2023. The total value of the property was assessed at $2,120,000. Specifically, the land the property is located on was valued at $480,000. While improvements on the property were assessed at a total of $1,640,000. 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 $87,768. The initial tax year of delinquency was in 2019. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. 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: 1920
  • Effective Year Built: 2011
  • Building Count: 2
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: D+
  • Construction Type: Wood
  • Exterior Walls Type: Brick
  • Floor Count: 1
  • Living Units: 24
  • Basement Area: 0
  • Parking Space Count: 12

    Dimensions

  • Lot Size Square Feet: 11,021
  • Total Building Area: 15,046
  • Gross Building Area: 15,046
  • Building Area: 15,046
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 15,046
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MAYVILLE
  • Land Acres: 0.253
  • Standard Land Use Code: Garden apt, court apt (5+ units)
  • Legal Description 1: STUDIO 9 FORTY APARTMENTS VERIFIED DATA 419, PHOTOS TOTALLY RENOVATED 2020

Ownership

  • Current Owner : 940 PIEDMONT PARTNERS LLC
  • Previous Owner : COMMERCIAL REALTY CONCEPTS
  • Owner Before Previous Owner: KIFLE AKLILU
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Atlanta City School District
  • Census Tract: 001204

Zoning

  • Zoning: RG3

Geography

  • District: 05
  • Parcel: 17 010600110194
  • Lot: 2&1
  • Municipality: CITY OF ATLANTA
  • Latitude: 33.7803
  • Longitude: -84.3813

    Address

  • Full Address: 940 Piedmont Ave Ne
  • Address - House Number: 940
  • Street Segment Direction: NE
  • Address - Street Name: Piedmont
  • Address - Suffix Type: Ave
  • State: GA
  • City Name: Atlanta
  • Carrier Code: C032
  • 4-Digit Zip Code: 4175
  • Zip Code: 30309

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $87,768
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 05

    Appraisal Valuation

  • Standard Deviation: 0.405
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 18
  • Final Value: 4,581,349
  • High Value: 6,436,820
  • Low Value: 2,725,877

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $4,700,000
  • First Open Lien Mortgage Lender: BAYVIEW COMMERCIAL MORTGAGE FI
  • First Open Lien Mortgage Recording Date: Aug 19, 2019
  • First Open Lien Mortgage Loan Amount: $4,700,000
  • First Open Lien Mortgage Term: 112
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2029

    Market Valuation

  • Market Total Value: $5,300,000
  • Market Land Value: $1,200,000
  • Market Improvement Value: $4,100,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,120,000
  • Assessed Land Value: $480,000
  • Assessed Improvements Value: $1,640,000

    Sales

  • Current Sale Contract Date: Apr 20, 2018
  • Current Sale Recording Date: Apr 20, 2018
  • Current Sale Transaction ID: 11464710062
  • Current Sale Price: $1,560,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2018-014733
  • Previous Sale Recording Date: Apr 20, 2018
  • Previous Sale Contract Date: Apr 20, 2018
  • Previous Sale Amount: $1,600,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PLYMOUTH FUNDING
  • First Mortgage Transaction Date: Apr 20, 2018
  • First Mortgage Loan Amount: $2,800,000
  • First Mortgage Terms: 12
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2019

    Previous Mortgages

  • Previous Mortgage Lender: PLYMOUTH FUNDING
  • Previous Mortgage Transaction Date: Apr 20, 2018
  • Previous Mortgage Loan Amount: $2,800,000
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2019

About Northeast Atlanta



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Frequently Asked Questions

What neighborhood is 940 Piedmont Avenue Northeast located in?
The 940 Piedmont Avenue Northeast is a located in the neighborhood of Midtown in Northeast Atlanta, Atlanta.
What is the average sales price for listings in 940 Piedmont Avenue Northeast?
The average sales price for units in 940 Piedmont Avenue Northeast is $0 currently.

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