Calling all real estate investors looking for a strong return on investment! 494 South Malton Court in Stone Mountain presents a fantastic opportunity to acquire a property with a 10.3% cap rate. This 8-bedroom, 3-bathroom property is a turnkey, operating PadSplit with a strong track record of high occupancy. PadSplit is a housing solution platform that helps members find accessible housing throughout the nation. The property is leased directly to PadSplit PadSplit sources and screens members for property owners making this an easy lift for both first-time and seasoned investors alike. Google PadSplit to learn more about the platform and becoming a PadSplit host. Located near North Hairston Road, 494 South Malton Court is just 0.4 miles to the nearest Marta Bus route. A direct bus ride takes you to Indian creek MARTA station a short 15-mins by bus making it easy and seamless to access all of Metro Atlanta. Mere minutes to a Walmart Supercenter, the location is prime for current and future occupants who seek the convenience of having groceries and shopping just a short ride away. Make this cash-flowing winner a part of your real estate portfolio today!
Closed
$312,500
494 S Malton Ct, Stone Mountain, GA 30083
8beds
2,244sqft
Single Family Residence, Residential
Built in 1978
0.36 Acres Lot
$293,600 Zestimate®
$139/sqft
$2,508 Estimated rent
Home value
$293,600
$255,000 - $329,000
$2,508/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Allison Haywood,
Bolst, Inc. 678-628-9204
Bought with:
Joshua Bowser, 432113
Cornerstone Real Estate Partners, LLC
Source: FMLS GA,MLS#: 7528584
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 3
- Full bathrooms: 3
- Main level bedrooms: 4
Rooms
- Room types: Den, Family Room, Living Room, Sun Room
Primary bedroom
- Features: Oversized Master, Sitting Room
- Level: Oversized Master, Sitting Room
Bedroom
- Features: Oversized Master, Sitting Room
Primary bathroom
- Features: Tub/Shower Combo
Dining room
- Features: Separate Dining Room
Kitchen
- Features: Breakfast Bar, Cabinets Stain, Eat-in Kitchen, Pantry, Solid Surface Counters, View to Family Room
Heating
- Central, Forced Air, Natural Gas
Cooling
- Ceiling Fan(s), Central Air, Electric
Appliances
- Included: Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator
- Laundry: In Kitchen, Lower Level
Features
- Bookcases, Entrance Foyer, High Speed Internet, Walk-In Closet(s)
- Flooring: Hardwood, Tile
- Windows: None
- Basement: None
- Attic: Pull Down Stairs
- Number of fireplaces: 1
- Fireplace features: Family Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 2,244
- Total interior livable area: 2,244 sqft
- Finished area above ground: 2,244
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Attached, Driveway, Garage, Garage Door Opener, Garage Faces Front, Kitchen Level, Level Driveway
- Attached garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Front Porch
- Exterior features: Private Yard, Rain Gutters
- Pool features: None
- Spa features: None
- Fencing: Back Yard,Wood
- Has view: Yes
- View description: Other
- Waterfront features: None
- Body of water: None
Lot
- Size: 0.36 Acres
- Dimensions: 107x134x100x163
- Features: Back Yard, Cul-De-Sac, Front Yard, Level, Private
Details
- Additional structures: None
- Parcel number: 18 040 02 097
- Other equipment: None
- Horse amenities: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence, Residential
Materials
- Cement Siding
- Foundation: Slab
- Roof: Composition
Condition
- Resale
- New construction: No
- Year built: 1978
Utilities & green energy
- Electric: Other
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Sewer Available
Green energy
- Energy efficient items: None
- Energy generation: None
- Water conservation: Low-Flow Fixtures
Community & HOA
Community
- Features: Near Schools, Near Shopping, Restaurant, Street Lights
- Security: Smoke Detector(s)
- Subdivision: Heathcliff
HOA
- Has HOA: No
Location
- Region: Stone Mountain
Financial & listing details
- Price per square foot: $139/sqft
- Tax assessed value: $311,100
- Annual tax amount: $5,754
- Date on market: 2/21/2025
- Cumulative days on market: 42 days
- Ownership: Fee Simple
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/18/2025 | Sold | $312,500-6.7%$139/sqft |
Source:  FMLS GA #7528584 Report a problem | ||
| 4/11/2025 | Pending sale | $334,900$149/sqft |
Source: FMLS GA #7528584 Report a problem | ||
| 2/21/2025 | Listed for sale | $334,900+34%$149/sqft |
Source: FMLS GA #7528584 Report a problem | ||
| 1/4/2024 | Listing removed | $250,000-3.8%$111/sqft |
Source:  GAMLS #9023213 Report a problem | ||
| 8/23/2021 | Sold | $260,000+4%$116/sqft |
Source:  GAMLS #9023213 Report a problem | ||
| 8/9/2021 | Pending sale | $250,000$111/sqft |
Source: GAMLS #9023213 Report a problem | ||
| 8/9/2021 | Contingent | $250,000$111/sqft |
Source: GAMLS #9023213 Report a problem | ||
| 8/4/2021 | Listed for sale | $250,000+42.9%$111/sqft |
Source: FMLS GA #6921659 Report a problem | ||
| 5/2/2019 | Sold | $174,900$78/sqft |
Source: Public Record Report a problem | ||
| 4/8/2019 | Pending sale | $174,900$78/sqft |
Source: Offerpad Brokerage, LLC #8557296 Report a problem | ||
| 4/4/2019 | Listed for sale | $174,900+45.8%$78/sqft |
Source: Offerpad Brokerage, LLC #8557296 Report a problem | ||
| 6/21/2016 | Listing removed | $120,000$53/sqft |
Source: DRAKE REALTY, INC. #7555711 Report a problem | ||
| 3/19/2016 | Price change | $120,000-7.7%$53/sqft |
Source: DRAKE REALTY, INC. #07555711 Report a problem | ||
| 1/30/2016 | Price change | $130,000-3.7%$58/sqft |
Source: DRAKE REALTY, INC. #07555711 Report a problem | ||
| 11/24/2015 | Listed for sale | $135,000$60/sqft |
Source: DRAKE REALTY, INC. #07555711 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,903 +2.6% | $124,440 +2.8% |
| 2024 | $5,754 -4.7% | $121,040 -5.9% |
| 2023 | $6,039 +22.7% | $128,680 +23.7% |
| 2022 | $4,921 +86.1% | $104,000 +33.3% |
| 2021 | $2,645 +11.5% | $78,000 +11.5% |
| 2020 | $2,373 +55% | $69,960 +52.2% |
| 2019 | $1,531 -10.7% | $45,960 -10.9% |
| 2018 | $1,715 +7.9% | $51,560 +11.6% |
| 2017 | $1,589 +34% | $46,200 +29.8% |
| 2016 | $1,186 | $35,600 +45.4% |
| 2014 | $1,186 | $24,480 +35.1% |
| 2013 | -- | $18,120 |
| 2012 | -- | $18,120 -44.7% |
| 2011 | -- | $32,784 -44.8% |
| 2010 | $1,885 | $59,440 |
| 2009 | $1,885 +16.8% | $59,440 |
| 2008 | $1,613 -0.5% | $59,440 |
| 2007 | $1,622 | $59,440 |
| 2006 | $1,622 +4.6% | $59,440 |
| 2005 | $1,550 +21.6% | $59,440 +16% |
| 2004 | $1,275 +15.2% | $51,240 +12.2% |
| 2003 | $1,107 +13.2% | $45,680 |
| 2002 | $978 +29.7% | $45,680 |
| 2001 | $754 | $45,680 |
Find assessor info on the county website
Neighborhood: 30083
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Nearby schools
GreatSchools rating
- 3/10Rockbridge Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 4/10Stone Mountain Middle SchoolGrades: 6-8Distance: 3 mi
- 2/10Stone Mountain High SchoolGrades: 9-12Distance: 1.3 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
$293,600
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Estimated market value
$293,600
- Georgia
- Dekalb County
- Stone Mountain
- 30083
- 494 S Malton Ct
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