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472 First St, Athens, GA, 30601

$524,900

Home List Price

$6,233*

Closing Credit

6 Bedrooms
3 Full Baths
House

Location

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472 First St, Athens$524,900

Buyer Closing Credits

$6,233*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingCarport, Off Street
Year Built2006
HeatingCentral, Dual System
CoolingElectric, Dual
BasementYes
MLS #10382493
Lot Size0.12 Acres
StatusActive

About 472 First St

Nestled near the University of Georgia, in the vibrant heart of Athens, GA, sits a modern bungalow ripe for the taking by the astute student housing investor. This isn't merely a property; it's a strategic asset with prime location and robust rental history. Property Overview: Location: Proximity to UGA and the stadium ensures constant demand from students. Layout: A spacious 6-bedroom, 3-bathroom setup designed for student living. Rental Status: Currently leased at $3,900 monthly through July 2025, guaranteeing immediate cash flow. Investment Highlights: High Cap Rate: Priced to deliver an attractive cap rate, promising excellent ROI. Rental Stability: The area's high demand for student housing means low vacancy rates. Versatile Layout: Ideal for accommodating multiple students or privacy-conscious tenants. Property Features: Main Floor: Warm hardwood floors and freshly painted walls lead to a large living/dining area, perfect for groups or study sessions. Kitchen: Open plan, fostering a communal living environment. Upstairs: Additional bedrooms, one with a private porch, enhancing appeal for students seeking personal space. Basement: Fully finished with two more bedrooms, offering versatile accommodation options. Why Invest in Student Housing Here? Consistent Demand: Proximity to UGA ensures year-round occupancy. Economic Resilience: Student housing often performs well even in economic downturns due to the necessity for student accommodation. Growth Potential: The area's development and UGA's expansion could lead to property value appreciation. Investment Strategy: Long-Term Vision: This property isn't just about immediate returns but also about capital growth in a market with stable demand. Future Development: With UGA's growth, properties in this locale could see increased value over time. This bungalow isn't just a home; it's a smart investment in one of the most dynamic student markets in Georgia. With immediate rental income secured through July 27th 2025 and a strategic location near UGA, this property stands as an exemplary choice for those looking to invest in student housing. It's not just about buying real estate; it's about securing a piece of a thriving, recession-resistant market where your property not only pays for itself but also holds the promise of future appreciation. Whether you're looking to dive into the real estate market with a property that's already proving its worth or seeking a home that places you at the epicenter of Athens' energy, this bungalow is your canvas. Ready to be painted with your dreams, it stands as a testament to smart living and even smarter investing. Come, see, and seize the opportunity that this property in the shadow of UGA and the roar of the stadium offers.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow/Cottage, Other
  • Year Built: 2006

Listing Office:

  • Office Name: Realty South Athens, LLC
  • Listing Agent: Brandon Smith

Interior Features

Interior Information:

  • Appliances: Dryer, Washer, Dishwasher, Microwave, Refrigerator
  • Basement: Yes
  • Flooring Type: Hardwood, Tile, Carpet
  • Interior: High Ceilings

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Carport, Off Street

Lot Features

Lot Information:

  • Lot: Sloped
  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Central, Dual System
  • Cooling: Electric, Dual

Other

Directions Information:

  • Directions: From Downtown Take North Ave away from Downtown. Turn Right onto First St. Home will be on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $524,900

Tax Information:

  • Annual Amount: $2,312
  • Tax Year: 2021
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Housing Market Comparison

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

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Athens, GA

City

Med. Sold Price

$350K

Med. Price/SqFt

$199

Avg. Days On Market

51

# of Sold Homes

120

472 First St vs Athens

59 DAYS ON ROCKET

+8 Days

$524,900

+$174.9K More

KEY TAKEAWAY

This property is $174.9K more than the Median Sold Price in Athens, GA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Georgia MLS 2
  • MLS Number: #10382493

Listing Office:

  • Office Name: Realty South Athens, LLC
  • Listing Agent: Brandon Smith

IDX Based on information from the Georgia MLS © 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 8:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 30, 2015Home Sold
$120,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,312$68,604
2020$2,128$63,149
2018$1,906$56,148
2017$1,630$54,174

History based on county public records data.

Payment Calculator

$2,687

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,640

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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-603224
3
/10

  • Howard B. Stroud Elementary School

  • 715 Fourth St

  • 0.49 miles

  • Public District Grades PK-5

school-card-donut-603225
3
/10

  • Fowler Drive Elementary School

  • 400 Fowler Dr

  • 1.48 miles

  • Public District Grades PK-5

school-card-donut-603226
7
/10

  • Johnnie Lay Burks Elementary School

  • 757 N Chase St

  • 1.74 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $23,459. Typical income of Athens, GA residents is less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Living In Athens, GA

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Athens, GA.

Athens offers a diverse array of housing options, with single-family homes being a significant part of the market. The architectural styles in Athens range from historic antebellum to contemporary, reflecting the city's rich history and modern growth. While the majority of homes are owner-occupied, there is also a substantial portion of the population that rents, providing a balanced housing market for both potential homeowners and renters.

What is it like to live in Athens, GA?

Athens is celebrated for its vibrant music scene and the annual AthFest Music and Arts Festival, which showcases local talent and fosters community spirit. The city prides itself on its blend of southern charm and progressive culture, offering residents a unique living experience that combines a rich historical ambiance with a dynamic, creative energy.

Is it easy to get around Athens, GA without a car?

The community is served by a robust educational system, including a number of public and private schools, as well as higher education institutions known for their research and academic excellence. Healthcare services are comprehensive, with several hospitals and clinics catering to a range of medical needs. Athens also features a variety of retail and dining options, from local boutiques to international cuisine, reflecting the eclectic nature of the city.

Transportation in Athens, GA.

Athens has a well-developed transport infrastructure, with a network of roads and highways that connect the city to the wider region. Public transportation is available, with bus services providing connectivity across various neighborhoods. The city is also bike-friendly, with dedicated lanes and trails for cyclists, and walkable areas, particularly in the downtown district, encourage pedestrian movement. Ride-sharing services are operational, complementing the existing transport options.

Frequently Asked Questions About 472 First St

What is the listing price of this property?

The listing price of 472 First St property is $524,900.

What type of property is this?

The property 472 First St is a house located in Athens, Georgia, 30601.

Is this property for sale now?

Active Listing: 472 First St 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 2021 is $2,312 (source: MLS/based on county public records data).

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

The last sale was on October 30, 2015 for $120,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 472 First St has 6 bedrooms and 3 bathrooms.

What is the square footage of this property?

The sq. ft. of 472 First St is not available (source: MLS/tax record).

Which year was this property built?

The year of construction for 472 First St is 2006.

Rocket Homes›Georgia›Clarke County›Athens›30601›472 First St

This home is located at 472 First St in Athens, GA and zip code 30601. This home, which was built in 2006, sits on a 0.12 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 19, 2024 and is currently priced at $524,900.

Over 14 listings were sold over their listed price in October 2024 in Athens, GA. In the same period over 71 listings were sold below the listed price and 24 listings were sold for the listed price. Between September 2024 and October 2024, Athens, GA real estate market has seen increase in the number of listings by 1.3%. In October 2024 median list price was $350,000 and the average listing age was 51 days.

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

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