614 East Lake Drive

Closed 9/25/23
Closed 9/25/23
Gallery Image 1
Sold
Last Sold Price
$720,000
2 beds
614 E Lake Dr, Decatur, GA 30030
Multi FamilyProperty Type
0.6 acresLot Size
1939Year Built
5 carsParking Spaces

Description

Discover an outstanding investment opportunity with this income-generating triplex nestled in the heart of Decatur's Oakhurst Village. Situated on a rare 0.6-acre lot within the City of Decatur, this property is steps away from award-winning schools and an array of all City of Decatur amenities. This traditional-style home enables you to walk to dining spots like U_Joint, Mojo's Pizza, and Sceptre Brewing, making it a perfect location for those who savor a vibrant culinary scene. Plus, the Oakhurst...Discover an outstanding investment opportunity with this income-generating triplex nestled in the heart of Decatur's Oakhurst Village. Situated on a rare 0.6-acre lot within the City of Decatur, this property is steps away from award-winning schools and an array of all City of Decatur amenities. This traditional-style home enables you to walk to dining spots like U_Joint, Mojo's Pizza, and Sceptre Brewing, making it a perfect location for those who savor a vibrant culinary scene. Plus, the Oakhurst Park and Playground are practically in your backyard, offering a wonderful recreational escape, while the Oakhurst Dog Park is a pleasant stroll away on the neighborhood's inviting sidewalks. This in-town gem boasts many original, captivating features, including intricate crown molding, timeless hardwood floors, classic door knobs, and high ceilings. Unit A (Downstairs):
Step into the spacious Unit A, located on the ground floor. This high ceiling, bright and airy unit comprises two bedrooms, one bathroom, a generously sized living room, dining room, original hardwood flooring, an inviting enclosed patio, a cozy gas fireplace, and a fully-equipped kitchen. With access to a partial, unfinished basement and a door leading to the backyard, this unit offers convenience and comfort. Unit B (Upstairs):
Ascend the stairs to Unit B, an expansive apartment unit on the upper level. Here, you'll find one bedroom, one full bath, a well-appointed kitchen, a sun-drenched living room, and a door providing access to the backyard. Enjoy the peace and tranquility of this top-floor retreat. Unit C (Cottage - located on the back of the property):
Tucked away at the rear of the property, Unit C is a charming cottage-style unit. Boasting approximately 700 square feet of living space, it features one bedroom, one full bathroom, a full kitchen, and a cozy living room. While this unit requires a brand-new kitchen renovation, it offers an excellent opportunity to personalize and upgrade to your liking. Don't miss this chance to own a remarkable income-producing property in the desirable Oakhurst Village of Decatur. With its prime location, original charm, and investment potential, this triplex is truly a hidden gem waiting to be discovered. This gem offers many exit strategies, use it as an investment property and collect rent. Live in one unit and collect rent for the other two units. Or convert to a single-family home. Unit #B has a tenant in place and will vacate before Closing. Buyer is responsible for checking all information provided and performing own due diligence. The seller never lived in the property. Unit A and B:
1 water meter, 2 separate meters for gas and electrical. Landlord pays for the water. Cottage (located on the back):
The cottage has its own water meter, gas, and electrical meters. Parking:
About 5 parking spaces. Driveaway parking and extra parking spaces by the Cottage on the back. An opportunity like this does not come around very often!
  • Listed by: Naruna Rangel • Keller Williams Realty Metro Atlanta 404-564-5560
Listing closed: 09/25/2023 12:00 AM • Source: FMLS, MLS#: 7270818

Recent comparable sales

Median sold price

$512,000

Avg days on market

34

Sale-to-list ratio

97.9%

Decatur, GA

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a view of front of a house with a yard
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Location

Listing Courtesy of Keller Williams Realty Metro Atlanta, Naruna Rangel

Sold By Keller Knapp, Weslee Knapp

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$3,903 per month

30 year fixed, 6.71% Interest

Principal and Interest

$3,721

Property Taxes

$183

HOA Dues

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Property Information for 614 East Lake Drive

Property Details
  • Taxes: $2,191 / year
  • MLS Type: Residential Income / Triplex
  • County: DeKalb County
  • Subdivision Complex: Oakhurst
  • Parking Features: Driveway
  • Property Attached: No
  • Waterfront Features: None
Building Information
  • Stories: 2
  • Residences: 3
  • Year Built: 1939
  • Lot Size: 0.60 AC / 26,136 SF
Summary
Location and General Information
  • Community Features: None
  • Directions: Take Oakview to East Lake Dr.
  • Lake Name: None
  • View: Other, City
  • Coordinates: -84.305472, 33.760321
Taxes and HOA Information
  • Parcel Number: 15 213 04 164
  • Tax Year: 2022
  • Association: No
  • Block: 00
  • Tax Legal Description: See attached.
  • Tax Lot: 1
School Information
  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Oakhurst/Fifth Avenue
  • High School: Decatur
  • Middle School: Beacon Hill
Parking
  • Open Parking: Yes
Agent
Payment and Rate
  • Concessions Amt: $.00
Interior and Exterior Features
Interior Features
  • Cooling: Central Air
  • Heating: Central
  • Basement: Dirt Floor
  • Levels/Stories: Two
  • Window Features: None
  • Bathrooms Total Interger: 0
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Vinyl Siding
  • Fencing: Chain Link
  • Roof Type: Composition
  • Security Features: None
  • Pool Private: No
Property
Utilities
  • Sewer: Public Sewer
  • Utilities: Other
  • Water Source: Public
Property and Assessments
  • Assumable: No
  • Home Warranty: No
  • Plat Book: 00
  • Plat Page: 00
  • Property Condition: Resale
  • Possession: Close Of Escrow
Green Features
  • Green Energy Efficient: None
  • Green Energy Generation: None
Lot Information
  • Section/GMD: 00
  • Land lot: 00
  • Lot Features: Level
  • Acreage Source: Assessor
  • Lot Size Dimensions: 62 x 391
Multi Family
Multi-Family Information
  • Unit Count: 1
  • NUM OF UNITS: 3
Unit 1
  • Unit Deposit Amount: $.00
  • Unit Electric Included: No
  • Unit Features: None
  • Unit Garbage Included: Yes
  • Unit Gas Included: No
  • Unit Half Baths: 0
  • Unit Maintenance Included: No
  • Unit Occupant: Vacant
  • Unit Water Included: Yes
  • Unit Rent Amount: $.00
  • Unit Full Baths: 1
  • Unit Bedrooms: 2
Rental
Rent Information
  • Terms: Cash
  • Occupant Types: Tenant

Property History for 614 East Lake Drive

DateEvent & SourcePriceAppreciation
Sep 25, 2023

Sold (Public Record)

Public Record #1526374146

$720,000—
DateEvent & SourcePrice
09/25/2023

Sold (Public Record)

Public Record #1526374146

$720,000

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

Public Records for 614 East Lake Drive

Taxable ValueLand$165,520Additions-Total$165,520
Tax Record2025$1,932 ($161 / month)
Home Facts
Beds3Baths2Total Finished SqFt2,115 SqFtAbove Grade Finished SqFt2,115 SqFtStories2Lot Size24,394 SqFtStyleSingle Family ResidenceYear Built1939ZoningR60CountyDEKALBAPN15 213 04 164Fireplace TypeHas Fireplace

Schools near 614 East Lake Drive

This home is within Decatur City School District.
Rating
School
Type
Grades
Distance
Oakhurst Elementary School
Public - PK to 2
Fifth Avenue Elementary School
Public - 3 to 5
Beacon Hill Middle School
Public - 6 to 8
Decatur High School
Public - 9 to 12
Rating
School
Distance
Oakhurst Elementary School
PublicPK to 2

Fifth Avenue Elementary School
Public3 to 5

Beacon Hill Middle School
Public6 to 8

Decatur High School
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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 614 East Lake Drive, Decatur, GA 30030
$720,000
2
–
26,136
618 East Lake Drive, Decatur, GA 30030
$665,000
2
1,100
26,136
622 East Lake Drive, Decatur, GA 30030
$575,000
–
–
–
21,780
550 East Lake Drive, Decatur, GA 30030
–
3
1
1,452
10,454
617 East Lake Drive, Decatur, GA 30030
$46,200
2
2
1,590
13,939
546 East Lake Drive, Decatur, GA 30030
$1,269,000
4
5
2,966
8,276

Explore Nearby Homes

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Listing Courtesy of Keller Williams Realty Metro Atlanta, Naruna Rangel

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, Tiftarea 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, Tiftarea 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.