Location! Location! 1.97 Acres of undeveloped land in the Stonecrest Overlay District is located in a mixed-use area on Panola Rd between I-20 and less than 2-3 mi. from the Covington Hwy busy intersection. The lot is next to Super Suds Car Wash and Panola Crossing Shopping Plaza, directly across from the Lou Walker Senior Citizen Recreational Center. The area is growing with new townhome developments, restaurants, a Lidl & Publix store, LA & Planet Fitness gyms, Walmart, and much more to come! Panola Rd and Covington Highway is a highly traveled road ready for development. Currently zoned C-1, but would be perfect for multi-family re-zoning such as Senior Housing or townhomes. Survey and the StoneCrest Overlay District Design Requirements are available upon request. The seller has single-family residential plans for 18 townhome units (1 car garage) and 13 townhomes (2 car garage). The Buyer is responsible for verifying all information and confirming re-zoning possible use. The property GIS Mapping is in the City of Stonecrest. The city and zip code per the Dekalb County tax records will state Decatur, 30035. However, the taxes are paid to the City of Stonecrest. This is a GIS Mapping issue that the USPS and Stonecrest GIS Mapping will resolve at a future date.
Property Details
Property Features
Listing Office:
Office Name: HomeSmart
Listing Agent: Roshonda Dennis
Exterior Features
Exterior Information:
Private Pool: No
Waterfront: None
View: City
Lot Features
Lot Information:
Lot: Irregular Lot, Level
Lot Size: 1.97 Acres
School Info
Assigned Schools Information:
Miller Grove High School, Public District Grades 9-12
Miller Grove Middle School, Public District Grades 6-8
Flat Rock Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: Use GPS. The land sits in between Super Suds Car Wash and a Tax Accounting Business next to Hillandale Primary Care.
Price Information
Listing Price Info
Price Summary:
List Price: $599,900
Tax Information:
Annual Amount: $5,303
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Decatur, GA.
This property is $270.5K more than the Median Sold Price in Decatur, GA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: First Multiple Listing Service
MLS Number: #7275934
Listing Office:
Office Name: HomeSmart
Listing Agent: Roshonda Dennis
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.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,062
Per Month
Principal & Interest
$2,995
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,865
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
3
/10
Flat Rock Elementary School
4603 Evans Mill Rd
Distance between this listing and this school3.58 miles
Public District Grades PK-5
Middle School
2
/10
Miller Grove Middle School
2215 Miller Rd
Distance between this listing and this school1.27 miles
Public District Grades 6-8
High School
3
/10
Miller Grove High School
2645 Dekalb Medical Pkwy
Distance between this listing and this school1.08 miles
Public District Grades 9-12
Assigned Schools
3
/10
Flat Rock Elementary School
4603 Evans Mill Rd
Distance between this listing and this school3.58 miles
Public District Grades PK-5
Nearby Schools
2
/10
Fairington Elementary School
5505 Philip Bradley Dr
Distance between this listing and this school1.05 miles
Public District Grades PK-5
2
/10
Panola Way Elementary School
2170 Panola Way Ct
Distance between this listing and this school1.26 miles
Public District Grades PK-5
Assigned Schools
2
/10
Miller Grove Middle School
2215 Miller Rd
Distance between this listing and this school1.27 miles
Public District Grades 6-8
Nearby Schools
7
/10
Leadership Preparatory Academy
6400 Woodrow Rd
Distance between this listing and this school1.98 miles
Public Charter Grades KG-8
4
/10
Redan Middle School
1775 Young Rd
Distance between this listing and this school2.23 miles
Public District Grades 6-8
Assigned Schools
3
/10
Miller Grove High School
2645 Dekalb Medical Pkwy
Distance between this listing and this school1.08 miles
Public District Grades 9-12
Nearby Schools
3
/10
Lithonia High School
2440 Phillips Rd
Distance between this listing and this school2.42 miles
Public District Grades 9-12
4
/10
Southwest Dekalb High School
2863 Kelley Chapel Rd
Distance between this listing and this school3.28 miles
The neighbors living near this home have an average income of $51,382. Most Decatur, GA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2551 Panola Rd
What is the listing price of this property?
The listing price of 2551 Panola Rd property is $599,900.
What type of property is this?
The property 2551 Panola Rd is land located in Decatur, Georgia, 30035.
Is this property for sale now?
Active Listing: 2551 Panola Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 2551 Panola Rd are: Flat Rock Elementary School: GreatSchools Rating 3/10Miller Grove Middle School: GreatSchools Rating 2/10Miller Grove 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 $5,303 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 2551 Panola Rd in Decatur, GA and zip code 30035. This home sits on a 1.97 acre lot. It has been listed on Rocket Homes since September 16, 2023 and is currently priced at $599,900.
In April 2024, from all listings sold in Decatur, GA there were more than 81 sold above asking price, over 113 sold below and more than 68 were sold right at the asked price. In April 2024 in Decatur, GA there were 16% more homes for sale than in March 2024. In April 2024 median list price was $329,318 and the average listing age was 30 days.
From Rocket Homes Real Estate and based on county public records data.