Residential Property Report
Prepared by: [Your Name]
Date: [Date]
I. Property Overview
This section provides an overview of the residential property located in Atlanta, GA 30301. The property is a single-family home with 4 bedrooms and 3 bathrooms. It encompasses approximately 2,500 square feet and sits on a 0.25-acre lot.
Address | Atlanta, GA 30301 |
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Type | Single-Family Home |
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Bedrooms | 4 |
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Bathrooms | 3 |
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Square Footage | 2,500 |
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Lot Size | 0.25 acres |
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II. Ownership History
The ownership history of the property provides insight into previous owners and transactions. It offers a detailed account of when the property changed hands and who the new owners were.
A. Previous Owners
Owner 1: Sigmund Corwin (Date of Ownership: 2055-2058)
Owner 2: Jolie Cassin (Date of Ownership: 2058-2060)
Owner 3: Trace Durgan (Date of Ownership: 2060-2063)
Owner 4: Rocky Orn (Date of Ownership: 2063-Present)
B. Transaction Records
The table below highlights significant transactions:
Date | Transaction Type | Price |
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June 15, 2055 | Purchase | $250,000 |
August 20, 2058 | Sale | $275,000 |
September 10, 2060 | Purchase | $290,000 |
February 5, 2063 | Sale | $315,000 |
III. Zoning Information
Zoning regulations dictate how the property can be used. This property falls under the Residential R1 designation, which allows for single-family residential purposes.
A. Zoning Classification
Zoning Code: R1
Allowed Uses: Single-family homes, home occupations
Restrictions: No multi-family dwellings; height limit of 35 feet; minimum lot size of 10,000 square feet
IV. Market Analysis
The market analysis offers insight into the current real estate market trends in which the property is situated. Understanding the local market conditions helps in making informed decisions related to buying, selling, or investing in the property.
A. Neighborhood Analysis
The property is located in a suburban environment, characterized by excellent public schools, numerous parks, and nearby retail centers. The Atlanta Community Park and Westfield Shopping Center are within a 5-minute drive, enhancing the area’s attractiveness for families.
B. Comparable Properties
Here are some comparable properties in the area:
Address | Bedrooms | Bathrooms | Price |
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121 Dream Lane | 4 | 2 | $310,000 |
125 Dream Lane | 3 | 2.5 | $299,000 |
130 Dream Lane | 5 | 4 | $350,000 |
V. Valuation Information
The assessed value of the property determines its tax obligations and is useful for loan evaluations and investment projections. As of the last assessment date of September 15, 2050, the property is valued at $320,000, with an appraised value of $330,000.
VI. Legal Descriptions
The legal descriptions of the property provide a precise definition of the property boundary and its legal considerations. These are crucial for understanding property rights and restrictions.
A. Legal Description Details
The property is legally described as follows:
"Lot 12 in Block 3 of Peachtree Heights Subdivision, according to the plat recorded in the Office of the County Clerk of Fulton County, Atlanta, Georgia, on May 12, 2051."
B. Liens or Encumbrances
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