Residential Property Report

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

Type

Single-Family Home

Bedrooms

4

Bathrooms

3

Square Footage

2,500

Lot Size

0.25 acres


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

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

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

  • Liens: None currently recorded against the property.

  • Encumbrances: None reported.


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