2489 Pine Lake Rd

Tucker, GA 30084

$406,500
Last Sold Price
5
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
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Closed 1/26/21
Closed 1/26/21

Description

Fantastic Opportunity for an investor, owner occupier, or single family primary residence! At 100% occupancy, this property is currently producing a CAP RATE of 9.6%! Conveniently located within walking distance of the restaurants and shops of historical downtown Tucker, this re-modeled classic mid-century home is located in a quiet neighborhood on a beautiful .7 acre lot surrounded by mature trees. Currently leased for $2,700/month, the main house measures 2,595 SQFT and consists of 4BR/3BA as well...Fantastic Opportunity for an investor, owner occupier, or single family primary residence! At 100% occupancy, this property is currently producing a CAP RATE of 9.6%! Conveniently located within walking distance of the restaurants and shops of historical downtown Tucker, this re-modeled classic mid-century home is located in a quiet neighborhood on a beautiful .7 acre lot surrounded by mature trees. Currently leased for $2,700/month, the main house measures 2,595 SQFT and consists of 4BR/3BA as well as a finished basement, which includes 1B/1BA and a fireplace. Since it has an exterior entry, the basement can also be used as an in-law suite or future separate apartment which could be rented out. The home also has a separate, two car detached garage with a 1BR/1BA apartment located above it which is currently be rented out for $1,450/month. Total annual gross revenue for this property is approximately $49,800. NOI is $39,431. See attached Offering Memorandum for financials and other information. Time to make hay while the sun shines!
  1. Listed by Randolph Kallenberg • Keller Knapp, Inc.

Property Details for 2489 Pine Lake Road

Subdivision Complex
none
Parking Features
Carport, Driveway, Detached, Garage
Property Attached
No
Waterfront Features
None
LISTING UPDATED: 01/28/2021 12:15 PM

Property Details for 2489 Pine Lake Road

StatusClosed
MLS #6813273
Days on Market5
Taxes$2,435 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Single Family Residence
Year Built1959
Lot Size0.70 AC / 30,491 SF
CountyDeKalb County
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Location

Listing Courtesy of Keller Knapp, Inc., Randolph Kallenberg

Sold By Virtual Properties Realty. Biz, Khyati Talati

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Building Information for 2489 Pine Lake Road

Stories-Residences2Year Built1959Building Size-Lot Size0.70 AC / 30,491 SF

Payment Calculator

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$2,250 per month

30 year fixed, 6.46% Interest

Principal and Interest

$2,047

Property Taxes

$203

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 2489 Pine Lake Road

Summary
Location and General Information
  • Community Features: None
  • Directions: Use GPS
  • Lake Name: None
  • View: Other
  • Coordinates: -84.211396, 33.858572
Taxes and HOA Information
  • Parcel Number: 18 225 03 005
  • Tax Year: 2019
  • Block: B
  • Tax Lot: 9
School Information
  • Elementary School: Midvale
  • High School: Tucker
  • Middle School: Tucker
Parking
  • Open Parking: Yes
Agent
Payment and Rate
  • Concessions Amt: $2,500.00
Interior and Exterior Features
Interior Features
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central, Forced Air
  • Basement: Bath Finished, Daylight, Interior Entry, Exterior Entry, Finished, Full
  • Levels/Stories: Multi/Split
  • Window Features: None
  • Bathrooms Total Interger: 0
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Frame
  • Dock: None
  • Fencing: None
  • Roof Type: Metal, Other, Ridge Vents
  • Security Features: None
  • Laundry Features: In Unit
Property
Utilities
  • Sewer: Septic Tank
  • Utilities: None
  • Water Source: Public
Property and Assessments
  • Assumable: No
  • Plat Book: 20
  • Plat Page: 45
  • Property Condition: Updated/Remodeled
  • Possession: Close Of Escrow
Green Features
  • Green Energy Efficient: None
  • Green Energy Generation: None
Lot Information
  • Section/GMD: n/a
  • Land lot: 225
  • Lot Features: Private
  • Acreage Source: Public Records
  • Lot Size Dimensions: 362x100x345x75
  • Waterfront Footage: 0.0
Multi Family
Multi-Family Information
  • NUM OF UNITS: 2
Income & Expenses Information
  • N.O.I. $: $39,437.00
  • Annual Expenses: $10,363.00
Unit 1
  • Unit Deposit Amount: $2,700.00
  • Unit Electric Included: Yes
  • Unit Features: None
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: Yes
  • Unit Rent Amount: $2,700.00
  • Unit Full Baths: 3
  • Unit Bedrooms: 4
Unit 2
  • Unit Deposit Amount: $1,450.00
  • Unit Electric Included: Yes
  • Unit Features: None
  • Unit Garbage Included: Yes
  • Unit Gas Included: Yes
  • Unit Half Baths: 0
  • Unit Maintenance Included: Yes
  • Unit Occupant: Tenant Occupies
  • Unit Water Included: Yes
  • Unit Rent Amount: $1,450.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 1
Rental
Rent Information
  • Terms: Conventional
  • Occupant Types: Tenant

Property History for 2489 Pine Lake Road

DateEvent & SourcePriceAppreciation
Jan 13, 2021

Sold (Public Record)

Public Record #692600340

$406,500

+12.9% / yr

Mar 11, 2013

Sold (Public Record)

Public Record #350067998

$157,000—
DateEvent & SourcePrice
01/13/2021

Sold (Public Record)

Public Record #692600340

$406,500

+12.9% / yr

03/11/2013

Sold (Public Record)

Public Record #350067998

$157,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2489 Pine Lake Road

Taxable ValueLand$21,800Additions$180,920Total$202,720
Tax Record2025$6,271 ($523 / month)
Home Facts
Beds4Baths2Total Finished SqFt1,231 SqFtAbove Grade Finished SqFt1,231 SqFtStories1Lot Size30,056 SqFtStyleSingle Family ResidenceYear Built1959ZoningR85CountyDEKALBAPN18 225 03 005Fireplace TypeHas Fireplace

Schools near 2489 Pine Lake Road

This home is within Dekalb County School District.
Rating
School
Type
Grades
Distance
Midvale Elementary School
Public - PK to 5
Tucker Middle School
Public - 6 to 8
Tucker High School
Public - 9 to 12
DeKalb Early College Academy
Public - 9 to 12
Rating
School
Distance
Midvale Elementary School
PublicPK to 5

Tucker Middle School
Public6 to 8

Tucker High School
Public9 to 12

DeKalb Early College Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Knapp, Inc., Randolph Kallenberg

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.