$125,000
$150,000
16.7%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
0.7 Acres Lot
SOLD DATE : 06/26/2020
Key Details
Sold Price $125,000
Property Type Vacant Land
Sub Type Other
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6726489
Sold Date 06/26/20
Style Traditional
Bedrooms 2
Full Baths 1
Construction Status Fixer
HOA Y/N No
Originating Board FMLS API
Year Built 1953
Annual Tax Amount $1,766
Tax Year 2017
Lot Size 0.700 Acres
Acres 0.7
Property Description
TWO lots that are adjacent and zoned for single family residential development. This gem of a property is nestled on a quiet, tree-lined street in Scottdale just off East Ponce de Leon Avenue, Lawrenceville Hwy and Mclendon Drive. This subdivided land features a single-family home that has been in place since 1953. There are 3 basic opportunities for the new owner: (1) tear down and build a custom home, (2) tear down and build two custom homes with shared driveway access, or (3) simply renovate the existing house and decide what to do with the remaining land later. In addition to the idea of 3 lots with 3 houses on a shared driveway, a smart single family homeowner looking for equity could buy the house with a renovation loan, make massive improvements on two of the lots, then build a single, new house on the third lot - or even sell off the third lot. Dollar for dollar, a single family home purchase made with a renovation loan - even an FHA loan - could squeeze a whole lot of equity out of a 150x180 piece of land with a house on it, all in for likely under $350K.
Location
State GA
County Dekalb
Area 52 - Dekalb-West
Zoning R75
Lake Name None
Rooms
Bedroom Description Master on Main
Other Rooms None
Main Level Bedrooms 2
Exterior
Fence None
Community Features None
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Other, Sewer Available, Water Available
Waterfront Description None
View Other
Present Use Residential
Street Surface None
Accessibility None
Handicap Access None
Porch None
Building
Lot Description Other
Story One
Architectural Style Traditional
Level or Stories One
New Construction No
Construction Status Fixer
Schools
Elementary Schools Mclendon
Middle Schools Druid Hills
High Schools Druid Hills
Others
Senior Community no
Tax ID 18 064 02 114
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "