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Sale Pending

1152 S Parkwood Dr, Forest Park, GA, 30297

$199,000

Home List Price

$2,363*

Closing Credit

7 Bedrooms
2 Full Baths
1,946 SqFt
$102/SqFt
House
Schools Nearby

Location

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1152 S Parkwood Dr, Forest Park$199,000

Buyer Closing Credits

$2,363*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built1957
HeatingCentral
CoolingCentral Air
WaterfrontNone
FireplaceNone
ViewOther
MLS #7402999
Lot Size0.24 Acres
StatusSale Pending
(Pending)

About 1152 S Parkwood Dr

Eureka! You've found the ultimate cash-flowing rental. This 4-sided brick PadSplit coliving home generates over $4,600 per month in gross rental income ($56,000+ per year). This investment offers a unique combination of cash flow and turnkey management. After expenses the CAP rate is over 12% and 20% cash-on-cash ROI. Featuring granite countertops and upgraded bathrooms, this fully occupied rental is conveniently located minutes from major employers, including Hartsfield-Jackson International Airport. Its proximity to public transit and I-75 / I-285 ensures superb connectivity for its occupants. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit is a workforce housing solution that not only helps members save money and live closer to work but also provides an avenue for investors to achieve 2-3x+ cash flow of typical rental properties. All members are professionally screened by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Sold with an optional top-rated Superhost who coordinates cleaning and repairs, this property is ideal for any investor, regardless of their capacity. In a time when cash flow is hard to find, this turnkey rental defies the odds. It doesn't just meet the '1% rule,' it blows it away. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling. Part of a portfolio, contact the listing agent if you are interested in purchasing multiple properties with a similar setup and ROI.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1957
  • Living Area: 1,946 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Metro Atlanta
  • Listing Agent: Josh Stanton

Interior Features

Interior Information:

  • Appliances: Dryer, Electric Range, Microwave, Refrigerator
  • Basement: No
  • Flooring Type: Hardwood, Laminate
  • Interior: Disappearing Attic Stairs
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

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

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard, Level
  • Lot Size: 0.24 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Forest Park High School, Public District Grades 9-12
  • Forest Park Middle School, Public District Grades 6-8
  • Edmonds Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: I285 to Jonesboro Rd, South on Jonesboro Rd, Left on S Parkwood Dr, House on Left

Price Information

Listing Price Info

Price Summary:

  • List Price: $199,000
  • Price Per SqFt: $102/SqFt

Tax Information:

  • Annual Amount: $1,024
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Forest Park, GA.

Med. Sold Price

$199.6K

Med. Price/SqFt

$148

Avg. Days On Market

19

# of Sold Homes

26

1152 S Parkwood Dr vs Forest Park

30 DAYS ON ROCKET

+11 Days

$199,000

-$666 Less

$102/SqFt

-$47 Less

KEY TAKEAWAY

This property is $666 less than the Median Sold Price and $47/SqFt less than other homes in Forest Park, GA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: First Multiple Listing Service
  • MLS Number: #7402999

Listing Office:

  • Office Name: Keller Williams Realty Metro Atlanta
  • Listing Agent: Josh Stanton

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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/13/2024, 2:20:47 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

Jul 29, 2021Home Sold
$138,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,024$29,185
2019$833$29,092
2017$621$17,389

History based on county public records data.

Payment Calculator

$1,061

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$663

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.

Elementary School

school-card-donut-1851333
2
/10
  • Edmonds Elementary School

  • 4495 Simpson Rd

  • 0.35 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1851334
2
/10
  • Forest Park Middle School

  • 930 Finley Dr

  • 0.62 miles

  • Public District Grades 6-8

High School

school-card-donut-1851335
3
/10
  • Forest Park High School

  • 5452 Phillips Dr

  • 1.55 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,991. Most Forest Park, GA residents have annual incomes between $35k-100k. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1152 S Parkwood Dr

What is the listing price of this property?

The listing price of 1152 S Parkwood Dr property is $199,000.

What type of property is this?

The property 1152 S Parkwood Dr is a house located in Forest Park, Georgia, 30297.

Is this property for sale now?

Sale Pending: 1152 S Parkwood Dr is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 1152 S Parkwood Dr are:
Edmonds Elementary School: GreatSchools Rating 2/10
Forest Park Middle School: GreatSchools Rating 2/10
Forest Park High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,024 (source: MLS/based on county public records data).

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

The last sale was on July 29, 2021 for $138,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1152 S Parkwood Dr has 7 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1152 S Parkwood Dr is 1,946 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1152 S Parkwood Dr is 1957.

Rocket HomesGeorgiaClayton CountyForest Park302971152 S Parkwood Dr

This home is located at 1152 S Parkwood Dr in Forest Park, GA and zip code 30297. This 1,946 square foot home, which was built in 1957, sits on a 0.24 acre lot. Features: 7 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 12, 2024 and is currently priced at $199,000.

In June 2024 more than 8 listings in Forest Park, GA were sold above the asking price. During the same period more than 3 listings were sold at asking price, while more than 12 were sold below. In June 2024 in Forest Park, GA there were 17% more homes for sale than in May 2024. Listings spent 19 days on the market in June 2024, and had a median list price of $199,666 during the same period.

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

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