Great investment property just minutes from City of Decatur. Features a large kitchen, dining room / living room, and a large master bedroom with a walk-in closet. Easily rents for $900.00 per month. 9% cap rate.
CondoProperty Type
1972Year Built
$81Est. Price/Sq.Ft.
2 spacesParking
Listed by Matt Clark• Benefield Realty Company
Bought with De Howard• Optimus Real Estate Brokers
Source:GAMLS #8198939
Redfin Estimate
$100,852
$63K since sold in January 2020$9,000 since October
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 10.3% lower than the average sale price ($112K) of 6 comparable homes.
Great investment property just minutes from City of Decatur. Features a large kitchen, dining room / living room, and a large master bedroom with a walk - in closet. Property is vacant, show anytime. Easily rents for $900.00 per month, a 9% CAP rate.
GAMLS #8198939
Aug 18, 2017
Sold
$39,000
$31/sq ft
Aug 8, 2017
Pending
—
Jul 28, 2017
Price Changed
$39,900
$32/sq ft
Jun 1, 2017
Listed
$54,900
$44/sq ft
Great investment property just minutes from City of Decatur. Features a large kitchen, dining room / living room, and a large master bedroom with a walk-in closet. Easily rents for $900.00 per month. 9% cap rate.
Public Records
Nov 3, 2010
Sold
$567,500
$453/sq ft
Public Records
Jun 30, 2009
Sold
$70,900
$57/sq ft
Public Records
Sep 17, 2001
Sold
$60,000
$48/sq ft
Public Records
Dec 12, 1988
Sold
$43,800
$35/sq ft
Public Records
Jun 27, 1985
Sold
$40,500
$32/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,106 (+0.3%)
$8,000 + $31,720
$39,720
2024
$2,101 (+60.0%)
$8,000 + $31,720
$39,720
2023
$1,313 (−23.4%)
$8,000 + $31,640
$39,640
2022
$1,715 (+88.7%)
$4,000 + $28,480
$32,480
2021
$909 (−20.1%)
$4,000 + $10,120
$14,120
2020
$1,137 (+24.4%)
$4,000 + $10,120
$14,120
2019
$914 (−0.2%)
$1,640 + $12,600
$14,240
2018
$915 (−5.4%)
$1,640 + $12,600
$14,240
2017
$968 (+50.3%)
$1,640 + $12,600
$14,240
2016
$644 (−3.4%)
$1,640 + $6,400
$8,040
2014
$667 (+125.6%)
$1,640 + $21,520
$23,160
2013
$296 (−3.0%)
$1,640 + $1,720
$3,360
2012
$305 (+1.9%)
$1,640 + $4,560
$6,200
2011
$299 (−38.3%)
$1,120 + $4,064
$5,184
2010
$485 (−57.8%)
$3,800 + $13,520
$17,320
2008
$1,149
Tax history for 3481 Cobbs Ferry Dr
Year
Property tax
Land + Additions
Assessment*
2025
$2,106 (+0.3%)
$8,000 + $31,720
$39,720
2024
$2,101 (+60.0%)
$8,000 + $31,720
$39,720
2023
$1,313 (−23.4%)
$8,000 + $31,640
$39,640
2022
$1,715 (+88.7%)
$4,000 + $28,480
$32,480
2021
$909 (−20.1%)
$4,000 + $10,120
$14,120
2020
$1,137 (+24.4%)
$4,000 + $10,120
$14,120
2019
$914 (−0.2%)
$1,640 + $12,600
$14,240
2018
$915 (−5.4%)
$1,640 + $12,600
$14,240
2017
$968 (+50.3%)
$1,640 + $12,600
$14,240
2016
$644 (−3.4%)
$1,640 + $6,400
$8,040
2014
$667 (+125.6%)
$1,640 + $21,520
$23,160
2013
$296 (−3.0%)
$1,640 + $1,720
$3,360
2012
$305 (+1.9%)
$1,640 + $4,560
$6,200
2011
$299 (−38.3%)
$1,120 + $4,064
$5,184
2010
$485 (−57.8%)
$3,800 + $13,520
$17,320
2008
$1,149
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Zoning
RSM
Small Lot Residential Mix District
The purpose and intent of the board of commissioners in establishing the RSM Small Lot Residential Mix District is as follows: To provide for the creation of residential neighborhoods that allow a mix of single-family attached and detached housing options; To provide flexibility in design and product on the interior of new development while protecting surrounding neighborhoods; To implement the future development map of the county's most current comprehensive plan.
Permitted uses
Include but are not limited to:
Garden center
Housing-Single unit
Housing-Multiple units
Public service
Golf related
Communications tower
Property details
Interior
Bathroom Information
# of Full Baths: 2
Heating & Cooling
Air Conditioning Type: Central
Exterior
Exterior Information
Physical Condition: Average
Building Style Type: Condominium
Building Construction Quality: Average
Exterior Wall: Frame
Roof Shape Type: Gable
Building Type: Apartment Condo
Property Information
Subdivision Name: COLUMBIA SQUARE
Living Sq. Ft: 1,252
Adjusted Gross Sq. Ft: 505
Ground Floor Sq. Ft: 747
Building Sq. Ft: 1,494
# of Stories: 2
Stories Type: 2
Lot Information
# of Buildings: 1
Land Sq. Ft: 871
Legal Lot Number: 65
Legal Block Number: 8
Municipality Name: UNINCORPORATED
Acres: 0.02
Depth Footage: 23
Front Footage: 60
Zoning Code: RA5
County Use Description: RESIDENTIAL
Financial
Assessor Information
Assessment Year: 2025
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,252
Stories: 2.0
Lot Size: —
Style: Condo/Co-op
Year Built: 1972
Year Renovated: 1993
County: DeKalb County
APN: 15 187 07 065
Home facts updated by county records on Sep 14, 2026
Around this home
Schools
K - 12
Preschool & daycare
Peachcrest Elementary School
Public PreK-5 • Assigned • 0.2mi
2/10
Mary Mcleod Bethune Middle School
Public 6-8 • Assigned • 2.7mi
2/10
Towers High School
Public 9-12 • Assigned • 0.6mi
1/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 104° expected this year, 18 days in 30 years
5/10 Wind Factor
26% chance of strong winds in next 30 years
5/10 Air Factor
7 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Decatur, GA • 30032
Average low and high temperatures (°F)
51
33
61
40
71
48
78
56
79
62
86
69
90
74
84
69
84
65
73
55
67
48
57
38
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.3 hours in
June and 4.8 hours in December, which is comparable to the
U.S. average for solar exposure.
9.3 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$96,000 – $116,000
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