Seller's Agent in 2024
Josh Stanton
Keller Williams Realty
(678) 929-5949
11 in this area
233 Total Sales
4578 Sherrington Ct Stone Mountain, GA 30083
Stone Mountain NeighborhoodEstimated Value: $272,045 - $293,000
5
Beds
4.5
Baths
1,750
Sq Ft
$161/Sq Ft
Est. Value
Highlights
- 0.6 Acre Lot
- No HOA
- 1-Story Property
- Wood Flooring
- Porch
- Central Heating and Cooling System
About This Home
As of October 2024This Stone Mountain rental is ideal for the savvy investor. With furnished rooms and 4.5 bathrooms (2 en-suites) this home produces robust rental income compared to anything available on the market, while providing solid workforce housing. It grosses $4600 per month on average with some months averaging consistently above $6000. 0.3 miles to public transit on a major arterial, Redan Rd. Potential for 13% cap rate and 25%+ Cash-on-Cash ROI. FInancials and Proforma available upon request. Powered by PadSplit, this occupied rental is a workforce housing solution that not only helps members save money and live closer to work but provides a great investment for its owner. All members are professionally screened by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. NOTE: SqFt of home is larger than the tax records state. Financing must be cash, hard money or one of our preferred lenders with PadSplit experience.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,043
Year Built
- Built in 1970
Lot Details
- 0.6
Parking
- Off-Street Parking
Home Design
- Brick Exterior Construction
Interior Spaces
- 1,750 Sq Ft Home
- 1-Story Property
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 5 Main Level Bedrooms
Schools
- Allgood Elementary School
- Freedom Middle School
- Clarkston High School
Additional Features
- Porch
- 0.6 Acre Lot
- Central Heating and Cooling System
Listing and Financial Details
- Legal Lot and Block 8 / B
Community Details
Overview
- No Home Owners Association
- Sherrington Subdivision
Amenities
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 6, 2024
Closed on
Oct 31, 2024
Sold by
Psatl63 4578 Sherrington Ct Llc
Bought by
Grand Mustang Llc
Seller's Agent
Josh Stanton
Keller Williams Realty
Buyer's Agent
Joshua Bowser
Cornerstone R/Estate Partners
List Price
$274,000
Sold Price
$280,000
Premium/Discount to List
$6,000
2.19%
Total Days on Market
8
Views
33
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,261
Avg. Annual Appreciation
0.94%
Original Mortgage
$210,000
Outstanding Balance
$209,384
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$71,877
Purchase Details
Listed on
May 27, 2021
Closed on
Jul 30, 2021
Sold by
Cleare Millicent T
Bought by
Jackson Elizabeth and Millicent T Cleare Rev Tr
Seller's Agent
Lydia Shumake
Atlanta Communities
Buyer's Agent
Clifton Floyd
Cornerstone R/Estate Partners
List Price
$195,000
Sold Price
$205,000
Premium/Discount to List
$10,000
5.13%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.78%
Purchase Details
Listed on
May 27, 2021
Closed on
Jul 25, 2021
Sold by
Cleare Millicent T
Bought by
Jackson Elizabeth and Millicent T Cleare Rev Tr
Seller's Agent
Lydia Shumake
Atlanta Communities
Buyer's Agent
Clifton Floyd
Cornerstone R/Estate Partners
List Price
$195,000
Sold Price
$205,000
Premium/Discount to List
$10,000
5.13%
Purchase Details
Listed on
May 27, 2021
Closed on
Jul 24, 2021
Sold by
Cleare Millicent T
Bought by
Jackson Elizabeth and Millicent T Cleare Rev Tr
Seller's Agent
Lydia Shumake
Atlanta Communities
Buyer's Agent
Clifton Floyd
Cornerstone R/Estate Partners
List Price
$195,000
Sold Price
$205,000
Premium/Discount to List
$10,000
5.13%
Purchase Details
Closed on
May 27, 1994
Sold by
Cross Jeanette G
Bought by
Cleare George W Millicent
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,000
Interest Rate
8.46%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Grand Mustang Llc | -- | -- | |
| Jackson Elizabeth | -- | -- | |
| Psatl63 4578 Sherrington Ct Llc | $205,000 | -- | |
| Jackson Elizabeth | -- | -- | |
| Jackson Elizabeth | -- | -- | |
| Jackson Elizabeth | -- | -- | |
| Jackson Elizabeth | -- | -- | |
| Jackson Elizabeth | -- | -- | |
| Cleare George W Millicent | $98,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Grand Mustang Llc | $210,000 | |
| Previous Owner | Cleare George W | $89,000 | |
| Previous Owner | Cleare Millicent T | $68,400 | |
| Previous Owner | Cleare George W Millicent | $53,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/31/2024 10/31/24 | Sold | $280,000 | +2.2% | $160 / Sq Ft |
| 09/14/2024 09/14/24 | Pending | -- | -- | -- |
| 09/06/2024 09/06/24 | For Sale | $274,000 | +33.7% | $157 / Sq Ft |
| 06/30/2021 06/30/21 | Sold | $205,000 | +5.1% | $117 / Sq Ft |
| 05/29/2021 05/29/21 | Pending | -- | -- | -- |
| 05/27/2021 05/27/21 | For Sale | $195,000 | -- | $111 / Sq Ft |
Source: Georgia MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $5,373 | $105,880 | $12,000 | $93,880 |
| 2022 | $3,956 | $81,960 | $7,200 | $74,760 |
| 2021 | $871 | $65,840 | $7,200 | $58,640 |
| 2020 | $826 | $55,160 | $7,200 | $47,960 |
| 2019 | $759 | $50,640 | $7,200 | $43,440 |
| 2018 | $611 | $44,840 | $7,200 | $37,640 |
| 2017 | $691 | $41,320 | $7,200 | $34,120 |
| 2016 | $606 | $36,280 | $7,200 | $29,080 |
| 2014 | $437 | $21,880 | $7,200 | $14,680 |
Source: Public Records
Agents Affiliated with this Home
-
Josh Stanton
-
Joshua Bowser
J
Buyer's Agent in 2024
Joshua Bowser
Cornerstone R/Estate Partners
(724) 579-9453
4 in this area
23 Total Sales
-
Lydia Shumake
Seller's Agent in 2021
Lydia Shumake
Atlanta Communities
(770) 778-4815
1 in this area
23 Total Sales
-
Clifton Floyd
C
Buyer's Agent in 2021
Clifton Floyd
Cornerstone R/Estate Partners
(919) 896-5374
17 in this area
201 Total Sales
Map
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Source: Georgia MLS
MLS Number: 10373122
APN: 15-224-06-089
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.
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