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Key Details
Sold Price $240,000
Property Type Vacant Land
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Summerhill
MLS Listing ID 7364308
Sold Date 04/17/24
HOA Y/N No
Originating Board First Multiple Listing Service
Annual Tax Amount $1,507
Tax Year 2023
Lot Size 5,619 Sqft
Acres 0.129
Property Description
SUMMERHILL INVESTOR'S NEW BUILD SPECIAL!! Build a one of a kind home on this beautiful vacant lot within walking distance to all of the brand new eateries and hotspots. This lot boast an impressive buildable area of 5,600 sq ft of which 75% can be used in total build out as it is zoned R4-B-C. The lot dimensions are 40 x 140 x 140 x 40 with setbacks of 20 ft on the front, 5 ft on each side, and 5 ft on the back. This means that a home of up to 4,200 sq ft could be built on this gorgeous lot. As far as an investor goes, a builder could do a home of around 1900 sq ft consisting of 3 bedrooms with 3 and a half baths to get a minimum of 785k with the current comps in the immediate area or a builder could build a 4/3.5 homefront with a sq footage of 2,100 to 2,500 and command a whopping range of 940k to 950k per similar homes currently under contract within the area. There is no survey at this time but the cadastral map for the city of Atlanta provides fairly accurate information pertaining to said property lines. No Hard Money Loans; Only Cash Offers. Sold As Is Where Is. Please do Due Diligence before submitting an offer. Prefer to close with attorney of Seller's choice.
Location
State GA
County Fulton
Zoning R-4BC
Lake Name None
Rooms
Other Rooms None
Exterior
Fence None
Community Features Near Beltline, Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway
Utilities Available Electricity Available, Natural Gas Available, Water Available
Waterfront Description None
View City
Present Use Vacant
Street Surface Asphalt,Paved
Private Pool false
Building
Lot Description Level
New Construction No
Schools
Elementary Schools Parkside
Middle Schools Martin L. King Jr.
High Schools Maynard Jackson
Others
Senior Community no
Tax ID 14 005400040390
Special Listing Condition None
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Bought with Bolst, Inc.