1518 Brownwood Ave Lagrange, GA 30240

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2 beds · 2 baths · 1,370 sq ft · Lot Size: 12,632 sq ft · Single Family Home
Est. Property Value: $101,277

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1518 Brownwood Ave is in the 30240 neighborhood of Lagrange, GA. It is located in Troup County and ZIP code 30240. This Single Family Home was built in 1915 and is approximately 110 years old. The single family home spans 1370 sq ft with 2 bedrooms and 2 bathrooms and sits on a 12632 sq ft lot. According to public records, it was last sold in 2023 for $120,000 and has a tax-assessed value of $117,410, which is $74 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 1518 Brownwood Ave Lagrange, GA 30240 with Property Intel by Whitepages.

Owners & Occupancy for 1518 Brownwood Ave

This property is owned by Daniel Hernandez Melendez. Owner contact information includes 3 phone numbers and 1 email address.

Property Owners

Cell Phone(908) ***-****View Cell Phone
Residence************
Landline
Distance from Property**********
Email Address***************@netzero.netView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1*************** age 35
Resident 2************************* age 65
Resident 3************ age 33

Property Financials for 1518 Brownwood Ave

1518 Brownwood Ave, Lagrange, GA has a mortgage from Crosscountry Mtg (orig. July 05, 2023). The Troup county assessment for 2024 values it at $117,410, with annual taxes of $1,281.

Mortgage & Equity Information

Loan Amount$******
LenderCrosscountry Mtg
Origination DateJuly 05, 2023
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date***************
Equity View Equity

Property Tax

Purchase DateJuly 05, 2023
Property Tax Amount$1,281 in 2024
Purchase Price$120,000
Assessed Value$117,410 on 2024

Investment Potential for 1518 Brownwood Ave

The property has a current estimated value of $101,277, which is 8% above the zip median, based on public records. It last sold on July 05, 2023 for $120K. Projected long-term
is $18,000 annually ($1,500 per month) with a 88% occupancy rate.

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Long-Term

Gross Rental
$18,000 per year($1,500 per month)
Net Operating Income
Cap Rate
Occupancy Rate
88%in 30240 zip code
 
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Property Details for 1518 Brownwood Ave

Property Details

Property Sq Ft

Living Area

1,370 sq ft

29% above market

Lot Size

12,632 sq ft

12% below market

Price Per Sq Ft

Living Area

$74 / sq ft

10% below market

Lot Size Area

$8 / sq ft

56% above market

Property condition, age, exterior, etc. for 1518 Brown…
Longitude: -85.05355 Latitude: 33.024777 Parcel Number (APN): 060-2A-004-014…

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Discover more single family homes near 1518 Brownwood Ave in Lagrange, Georgia. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 1518 Brownwood Ave in Troup County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$101,277
$186,865
-$85,588 (-46%)
$311,968
-$199,183 (-64%)
YoY Price Change
2.13%
-465%
Year Built
1915
1969
-54 years
Living Space
1,370 sq ft
1,188 sq ft
182 (15%)
$ Per Living Sq Ft
$74
$147
-$73 (-50%)
Lot Size
12,632 sq ft
11,326 sq ft
1306 (12%)
$ Per Lot Sq Ft
$8
$12
-$4 (-34%)

Net Operating Income
$16,284
-$2,722 (-17%)
Annual Revenue
$18,000
$22,200
-$4,200 (-19%)
$5,500
-$1,062 (-19%)
Net Operating Income
$16,284
-$2,722 (-17%)
Cap Rate
8.43%
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

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