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987 Prospect Avenue

987 Prospect Avenue, Atlanta, GA 30316
Property in Ormewood Park
Sold Dec 02, 2015
$347,300
$277,840 by Academy Mortgage
Mortgage Due Dec 02, 2046
Sold Sep 29, 2000
$221,000
$176,700 by National City Mtg Co
Mortgage Due Sep 15, 2030
987 Prospect Avenue 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 2000 and is 24 years old. However, we must point out that the home was most recently renovated and altered in 2015. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 987 Prospect Avenue has 2,051 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a partial basement that is 400 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 15,899 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage underground or in the basement for those who require parking. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as good. From what we've gathered, the quality of these control joints have been graded with a letter grade of C+ by the local assessor. The exterior walls of the building are made of wood. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 987 Prospect Avenue was last sold in Dec 2, 2015 for $347,300. According to our calculations, that's $169.33 per sqft. Prior to that sales transaction, the property was sold for $221,000 in Sep 15, 2000. Current property owners are expected to pay $9,346 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 987 Prospect Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $225,760. To break that down further, the land itself was valued at $53,960. While improvements to the property were assessed at a total of $171,800. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2015
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Good
  • Building Quality: C+
  • Building Style: Conventional
  • Exterior Walls Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Partial basement
  • Basement Area: 400
  • Garage Type: Underground/basement
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 15,899
  • Total Building Area: 2,051
  • Building Area: 2,051
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 2,051
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: POET'S CORNER PH 02
  • Land Acres: 0.365
  • Standard Land Use Code: Single family residential
  • Legal Description 1: VERIFIED INFO

Ownership

  • Current Owner : CODDAIRE ALISON S
  • Previous Owner : LEONG CHRISTOPHER
  • Owner Before Previous Owner: CENTRAL CITY BUILDERS INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Atlanta City School District
  • Census Tract: 005200

Zoning

  • Zoning: R4

Geography

  • District: 05
  • Parcel: 14 001000060516
  • Block: B
  • Lot: 13
  • Municipality: CITY OF ATLANTA
  • Latitude: 33.7269
  • Longitude: -84.3547

    Address

  • Full Address: 987 Prospect Ave Se
  • Address - House Number: 987
  • Street Segment Direction: SE
  • Address - Street Name: Prospect
  • Address - Suffix Type: Ave
  • State: GA
  • City Name: Atlanta
  • Carrier Code: C013
  • 4-Digit Zip Code: 2545
  • Zip Code: 30316

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,346
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 05

    Appraisal Valuation

  • Standard Deviation: 0.2153
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 70
  • Final Value: 722,545
  • High Value: 878,153
  • Low Value: 566,937

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $477,840
  • First Open Lien Mortgage Lender: ACADEMY MORTGAGE
  • First Open Lien Mortgage Recording Date: Dec 02, 2015
  • First Open Lien Mortgage Loan Amount: $277,840
  • First Open Lien Mortgage Term: 371
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 02, 2046
  • Second Open Lien Mortgage Lender: PENTAGON FEDERAL CREDIT UNION
  • Second Open Lien Mortgage Recording Date: May 11, 2022
  • Second Open Lien Mortgage Loan Amount: $200,000
  • 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, 2052

    Market Valuation

  • Market Total Value: $564,400
  • Market Land Value: $134,900
  • Market Improvement Value: $429,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $225,760
  • Assessed Land Value: $53,960
  • Assessed Improvements Value: $171,800

    Sales

  • Current Sale Contract Date: Dec 02, 2015
  • Current Sale Recording Date: Dec 02, 2015
  • Current Sale Transaction ID: 1384146599
  • Current Sale Price: $347,300
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2015-042594
  • Previous Sale Recording Date: Sep 29, 2000
  • Previous Sale Contract Date: Sep 15, 2000
  • Previous Sale Amount: $221,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ACADEMY MORTGAGE
  • First Mortgage Transaction Date: Dec 10, 2015
  • First Mortgage Loan Amount: $277,840
  • First Mortgage Terms: 371
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 02, 2046

    Previous Mortgages

  • Previous Mortgage Lender: NATIONAL CITY MTG CO
  • Previous Mortgage Transaction Date: Sep 29, 2000
  • Previous Mortgage Loan Amount: $176,700
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 15, 2030

About Eastside



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Frequently Asked Questions

What neighborhood is 987 Prospect Avenue located in?
The 987 Prospect Avenue is a located in the neighborhood of Ormewood Park in Eastside, Atlanta.
What is the average sales price for listings in 987 Prospect Avenue?
The average sales price for units in 987 Prospect Avenue is $0 currently.

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