Rare, 12% CAP Occupied rental grossing over $6,200+ per month gross income per month (AFTER vacancies). 0.2mi to public transit, and around the corner from downtown Stone Mountain and Pine Lake. Mind boggling cash flow will give you a cash-on-cash return of 20%+! This turnkey rental is managed by a company focused on workforce housing that not only helps members save money and live closer to work but provides a great investment for its owner. All members are professionally screened, required to pass a criminal background check and undergo income verification. Management Company 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. Contact us today for preferred lenders if you need financing.
Closed
$310,000
344 Colchester Dr, Stone Mountain, GA 30088
6beds
2,692sqft
Single Family Residence, Residential
Built in 1961
0.5 Acres Lot
$307,100 Zestimate®
$115/sqft
$2,691 Estimated rent
Home value
$307,100
$276,000 - $335,000
$2,691/mo
Zestimate® history
Owner options
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$2,691/mo
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$2,691/mo
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$1,910/mo
Est. payment
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$1,910/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Josh Stanton,
Keller Williams Realty Metro Atlanta 404-564-5560
Bought with:
Allison Haywood, 396541
Keller Williams Realty Metro Atlanta
Source: FMLS GA,MLS#: 7399532
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
- Main level bathrooms: 3
- Main level bedrooms: 3
Rooms
- Room types: Other
Primary bedroom
- Features: Other
- Level: Other
Bedroom
- Features: Other
Primary bathroom
- Features: Other
Dining room
- Features: None
Kitchen
- Features: Cabinets White, Other Surface Counters
Heating
- Central, Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Gas Range, Range Hood, Refrigerator
- Laundry: Common Area
Features
- Other
- Flooring: Laminate
- Windows: None
- Basement: Daylight,Finished,Finished Bath,Interior Entry
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,692
- Total interior livable area: 2,692 sqft
- Finished area above ground: 2,692
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Front Porch, Patio
- Exterior features: Rain Gutters, No Dock
- Pool features: None
- Spa features: None
- Fencing: Back Yard,Chain Link
- Has view: Yes
- View description: Other
- Waterfront features: None
- Body of water: None
Lot
- Size: 0.5 Acres
- Dimensions: 108x199x108x199
- Features: Back Yard, Front Yard
Details
- Additional structures: None
- Parcel number: 18 038 04 018
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence, Residential
Materials
- Brick, Brick 4 Sides, Other
- Foundation: Block
- Roof: Composition,Shingle
Condition
- Resale
- New construction: No
- Year built: 1961
Utilities & green energy
- Electric: 110 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Green energy
- Energy efficient items: None
- Energy generation: None
Community & HOA
Community
- Features: None
- Security: None
- Subdivision: Eddington
HOA
- Has HOA: No
Location
- Region: Stone Mountain
Financial & listing details
- Price per square foot: $115/sqft
- Tax assessed value: $306,000
- Annual tax amount: $4,431
- Date on market: 6/6/2024
- Cumulative days on market: 8 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Asphalt
- Body type: Other
Price history
| Date | Event | Price |
|---|---|---|
| 8/14/2024 | Sold | $310,000+6.9%$115/sqft |
Source:  FMLS GA #7399532 Report a problem | ||
| 6/20/2024 | Pending sale | $290,000$108/sqft |
Source: FMLS GA #7399532 Report a problem | ||
| 6/6/2024 | Listed for sale | $290,000+55.1%$108/sqft |
Source: FMLS GA #7399532 Report a problem | ||
| 1/4/2024 | Listing removed | $187,000-8.8%$69/sqft |
Source:  GAMLS #9020989 Report a problem | ||
| 8/12/2021 | Sold | $205,000+9.6%$76/sqft |
Source: Public Record Report a problem | ||
| 7/28/2021 | Pending sale | $187,000$69/sqft |
Source: GAMLS #9020989 Report a problem | ||
| 7/28/2021 | Contingent | $187,000$69/sqft |
Source: FMLS GA #6919309 Report a problem | ||
| 7/24/2021 | Listed for sale | $187,000+44.3%$69/sqft |
Source: FMLS GA #6919309 Report a problem | ||
| 1/21/2004 | Sold | $129,600+72.8%$48/sqft |
Source: Public Record Report a problem | ||
| 5/4/1994 | Sold | $75,000$28/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,814 +33.3% | $122,400 +37.3% |
| 2024 | $4,362 -1.6% | $89,160 -3% |
| 2023 | $4,431 +35.3% | $91,960 +38.2% |
| 2022 | $3,276 +32.8% | $66,520 +38.4% |
| 2021 | $2,466 +24.8% | $48,080 +30.2% |
| 2020 | $1,977 -6.5% | $36,920 -7.8% |
| 2019 | $2,114 +29.1% | $40,040 +37.5% |
| 2018 | $1,637 +4.9% | $29,120 +6.6% |
| 2017 | $1,561 +7.5% | $27,320 +10.2% |
| 2016 | $1,452 | $24,800 +9.3% |
| 2014 | $1,452 | $22,680 +94.8% |
| 2013 | -- | $11,640 +28.8% |
| 2012 | -- | $9,040 -58.1% |
| 2011 | -- | $21,552 -43.4% |
| 2010 | $1,882 -16.9% | $38,048 -20% |
| 2009 | $2,263 -4.1% | $47,560 -7.3% |
| 2008 | $2,361 +0.3% | $51,280 |
| 2007 | $2,354 | $51,280 |
| 2006 | $2,354 +4.9% | $51,280 +2.1% |
| 2005 | $2,244 0% | $50,240 |
| 2004 | $2,244 +80.3% | $50,240 |
| 2003 | $1,244 +33.9% | $50,240 +14.8% |
| 2002 | $929 +60.5% | $43,760 +14.3% |
| 2001 | $579 | $38,280 |
Find assessor info on the county website
Neighborhood: 30088
Nearby homes
- $228,1003 bd2 ba1.2k sqft336 Colchester Dr, Stone Mountain, GA 30088Off Market
- $228,5003 bd2 ba1.1k sqft352 Colchester Dr, Stone Mountain, GA 30088Off Market
- $215,5003 bd1 ba1.4k sqft315 Colchester Dr, Stone Mountain, GA 30088Off Market
- $265,8003 bd1 ba1.2k sqft328 Colchester Dr, Stone Mountain, GA 30088Off Market
- $345,0004 bd2 ba1.5k sqft353 Colchester Dr, Stone Mountain, GA 30088Sold
- $195,3003 bd1 ba1.5k sqft366 Colchester Dr, Stone Mountain, GA 30088Off Market
- $257,3004 bd3 ba2k sqft320 Colchester Dr, Stone Mountain, GA 30088Off Market
- $207,3003 bd1 ba1.3k sqft303 Colchester Dr, Stone Mountain, GA 30088Off Market
Nearby schools
GreatSchools rating
- 3/10Rockbridge Elementary SchoolGrades: PK-5Distance: 1 mi
- 4/10Stone Mountain Middle SchoolGrades: 6-8Distance: 3.5 mi
- 2/10Stone Mountain High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Rockbridge - Dekalb
- Middle: Stone Mountain
- High: Stone Mountain
Source: FMLS GA. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$307,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$307,100
- Georgia
- Dekalb County
- Stone Mountain
- 30088
- 344 Colchester Dr
Nearby cities
Nearby zip codes
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