new - 6 days on rocket

1516 Murphy Ave SW, Atlanta, GA, 30310

$425,000

Home List Price

$5,047*

Closing Credit

5 Bedrooms
2 Full Baths
1,566 SqFt
$271/SqFt
House

Location

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1516 Murphy Ave SW, Atlanta$425,000

Buyer Closing Credits

$5,047*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built1920
HeatingNatural Gas
CoolingCentral Air
WaterfrontNone
FireplaceNone
ViewOther
MLS #7497026
Lot Size0.11 Acres
StatusActive

About 1516 Murphy Ave SW

Welcome to an incredible investment opportunity at 1516 Murphy Ave SW. This unique single-family home is zoned Commercial, and can present itself as a promising triplex, ideal for savvy investors and those looking to capitalize on rental income. This 5 bedroom 2 bath home has been remodeled and hosts a long term tenant providing a way to subsidize the time you need to rezone and process the permits necessary to build a Triplex! Situated in the Sylvan Hills neighborhood, this rental property offers more than just potential – it's positioned just moments away from the Beltline, a hub of recreation, culture, and community connectivity. Haven’t you heard the news? Atrium Health purchased 40 Acres a mile down the road *New Hospital Development* Plus Murphy Crossing *New Mixed Use Development* West End Mall *New Mixed Use Development* Just minutes away from Westview Commercial District, Lee + White’s mixed use-Warehouse Row, Gordon White Park, Lean Draft House, Pittsburg Yards! This calculates to over a Billion Dollars in Development a mile down the road!! Buy and hold and capitalize for the future! Don't miss this chance to invest in your future and take advantage of the endless possibilities that 1516 Murphy Ave SW presents. With future triplex plans and producing potential income-generating units, coupled with proximity to the Beltline, this property invites visionaries to turn it into a lucrative endeavor. Architectural Plans Available with purchase! Embrace the opportunity to enhance this space, capitalizing on the thriving rental market, and the allure of the Beltline lifestyle. ***Tenants in place, please do not disturb*** **SHOWING DURING DUE DILIGENCE ONLY **

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1920
  • Living Area: 1,566 SqFt

Listing Office:

  • Office Name: Trend Atlanta Realty, Inc.
  • Office Phone: (770) 777-1321
  • Listing Agent: Melissa Michel

Interior Features

Interior Information:

  • Appliances: Dishwasher, Gas Oven
  • Basement: No
  • Flooring Type: Hardwood, Luxury Vinyl
  • Interior: Crown Molding
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None
  • View: Other
  • Exterior: None

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot: Back Yard
  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Use GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $425,000
  • Price Per SqFt: $271/SqFt

Tax Information:

  • Annual Amount: $2,876
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Atlanta, GA.

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Atlanta, GA

City

Med. Sold Price

$421.8K

Med. Price/SqFt

$251

Avg. Days On Market

47

# of Sold Homes

939

1516 Murphy Ave SW vs Atlanta

6 DAYS ON ROCKET

-41 Days

$425,000

+$3.1K More

$271/SqFt

+$19 More

KEY TAKEAWAY

This property is $3.1K more than the Median Sold Price and $19/SqFt more than other homes in Atlanta, GA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: First Multiple Listing Service
  • MLS Number: #7497026

Listing Office:

  • Office Name: Trend Atlanta Realty, Inc.
  • Office Phone: (770) 777-1321
  • Listing Agent: Melissa Michel

IDX Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please Click Here to review our DMCA and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2024 First Multiple Listing Service, Inc.

IDX Provided by Rocket Homes Real Estate, LLC
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 2:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 14, 2017Home Sold
$95,000
Sep 10, 2014Home Sold
$80,000
May 16, 2014Home Sold
$80,000
Jul 31, 2006Home Sold
$115,000
Jul 25, 2006Home Sold
$115,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,876$69,480
2019$2,803$68,240
2017$874$20,240

History based on county public records data.

Payment Calculator

$2,189

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,341

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4324988
4
/10

  • Finch Elementary School

  • 1114 Avon Ave SW

  • 0.58 miles

  • Public District Grades EE-5

school-card-donut-4324989
5
/10

  • Perkerson Elementary School

  • 2040 Brewer Blvd SW

  • 1.28 miles

  • Public District Grades EE-5

school-card-donut-4324990
3
/10

  • Tuskegee Airmen Global Academy

  • 1625 Westhaven Dr SW

  • 1.54 miles

  • Public District Grades EE-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,447. The majority of Atlanta, GA residents have income less than $35k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1516 Murphy Ave SW

What is the listing price of this property?

The listing price of 1516 Murphy Ave SW property is $425,000.

What type of property is this?

The property 1516 Murphy Ave SW is a house located in Atlanta, Georgia, 30310.

Is this property for sale now?

Active Listing: 1516 Murphy Ave SW is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,876 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 14, 2017 for $95,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1516 Murphy Ave SW has 5 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1516 Murphy Ave SW is 1,566 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1516 Murphy Ave SW is 1920.

Rocket Homes›Georgia›Fulton County›Atlanta›30310›1516 Murphy Ave SW

This home is located at 1516 Murphy Ave SW in Atlanta, GA and zip code 30310 in the Southwestern Atlanta neighborhood. This 1,566 square foot home, which was built in 1920, sits on a 0.11 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 12, 2024 and is currently priced at $425,000.

While more than 147 listings in Atlanta, GA in November 2024 were sold above asking price, there were more than 188 listings sold at asking price, and more than 559 were sold below. The number of listings in Atlanta, GA increased by 5.4% between October 2024 and November 2024. The median list price of listings available in November 2024 was $421,834, while the average time on the real estate market was 47 days.

From Rocket Homes Real Estate and based on county public records data.

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