$282,500
$285,000
0.9%For more information regarding the value of a property, please contact us for a free consultation.
1,258 Sqft Lot
SOLD DATE : 12/18/2022
Key Details
Sold Price $282,500
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Subdivision Wedgewood Forest
MLS Listing ID 7081068
Sold Date 12/18/22
Construction Status Resale
HOA Y/N No
Year Built 1983
Annual Tax Amount $2,302
Tax Year 2021
Lot Size 1,258 Sqft
Acres 0.0289
Property Description
Welcome to urban living in the suburbs. A brick front, updated end unit is waiting for you. Wedgewood Forest condos offer stress-free living in an HOA-managed community with low dues that include a pool, tennis court, and exterior maintenance. Location is the appeal of this home! Walk to The Avalon, a modern outdoor mall with over 30 shops and restaurants including Whole Foods. Walk to Downtown Alpharetta, the City Center where historic buildings have been turned into a destination for concerts, Saturday farmers markets, and chef inspired restaurants. The Alpha Loop is steps away, an 8-mile urban bike and walking path connecting all of Alpharetta’s attractions. In a top-rated school district (Hopewell Middle, Alpharetta High) and you can see the bus stop from your kitchen window. The tenant moves out Nov 1st so this sale is suited for investors or owner-occupied.
Unit Description:
- Updated kitchen and LVP flooring on 1st floor with half bath
- 2 bedrooms upstairs, each with its own full bathroom w/ shower/tub combo
- Double-door closets in each bedroom
- Private patio area with outdoor storage
- 2 cars parked allowed per unit
- Corner unit, all brick
- Close to the bus stop on Academy St, pool, tennis courts
- 100ft from The Alpha Loop, an 8-mile urban trail with art statues connecting walkers and bikers to economic and recreation centers
HOA Covers:
- Roof
- Gutters
- Brick
- Lawn
- Landscaping
- Pool w/ chairs
- Tennis courts
- Playground
Recent unit updates:
- HVAC/Furnace
- Solid Surface countertops in the kitchen
- Stainless steel appliances (fridge, dishwasher, oven)
- Custom built-in bookshelf in living room
- Kitchen Cabinets w/ soft close
Notes for investors
- See recent comps for over our list price. The owner wishes to 1031 to a new property so we are priced to sell
- Alpharetta is known as the tech city of the South, with Microsoft and
- The unit has had 100% occupancy for 6 years
- Property Management company is in place and can be transferred to you with our pre-negotiated rates
- 3-minute drive to GA-400, major north/south highway
- No short-term rentals, otherwise no rental restrictions
- HOA has proper reserves, under professional management, no litigation
- Appreciation is the game for this investment
- Conventional financing only, not FHA approved
- As this is a condo and the HOA has a master insurance policy your insurance cost is much lower
- There are a few minor deferred cosmetic updates we plan to address upon tenant move out including paint touch up and repair of the ceiling, or, we’ll give you a credit (the unit will have no problem renting without)
Location
State GA
County Fulton
Lake Name None
Interior
Heating Central
Cooling Central Air
Flooring Other
Window Features None
Exterior
Parking Features Parking Lot
Fence Privacy
Community Features Playground, Pool, Tennis Court(s)
Utilities Available Cable Available, Electricity Available, Underground Utilities
Waterfront Description None
View Other
Roof Type Shingle
Accessibility None
Handicap Access None
Building
Lot Description Level
Story Two
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Brick 4 Sides
New Construction No
Construction Status Resale
Schools
Elementary Schools Manning Oaks
Middle Schools Hopewell
High Schools Alpharetta
Others
Senior Community no
Tax ID 22 530212640015
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Special Listing Condition None
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