Welcome to 540 Parker Avenue, a classic 1940s bungalow offering an increasingly hard-to-find opportunity for affordable intown living in East Lake Terrace. With 2 bedrooms, 1 bath and approximately 1,080 square feet, this charming home combines original character with plenty of potential to make it your own. Inside, hardwood floors, a fireplace, built-in bookcases and a separate dining area reflect the home’s original character, while the sunroom provides additional flexible space for a home office, reading room or casual retreat. The single-level floor plan is comfortable and functional, and the approximately .20-acre lot offers room to enjoy the outdoors, garden or explore future possibilities. Move in and enjoy the home as it is, renovate over time, or bring your vision and take advantage of the continued investment and new construction occurring throughout the surrounding area. The location may be the real standout. East Lake Terrace puts you just minutes from East Lake Golf Club and within easy reach of Kirkwood, Oakhurst, Downtown Decatur, East Atlanta Village and the shops and restaurants along Glenwood Avenue. Convenient access to I-20 makes getting to Downtown Atlanta and other intown destinations easy. Whether you’re searching for your first home, an intown alternative to higher-priced neighboring communities, or a property with room for future improvements, 540 Parker Avenue offers character, location and opportunity in one of Decatur’s most convenient intown settings.
Ronald E McNair Discover Learning Academy Elementary School
Public PreK-5 • Assigned • 0.8mi
3/10
McNair Middle School
Public 6-8 • Assigned • 1.3mi
3/10
Mcnair High School
Public 9-12 • Assigned • 2.7mi
2/10
Provided by GreatSchools
About East Lake
Terrace
East Lake Terrace, located between East Lake Golf Club and the Belvedere Park area, is a residential and commuter-friendly Candler-McAfee neighborhood with mid-century ranch streetscapes and a wooded, creek-cut terrain. The neighborhood’s character concentrates around the Memorial Drive corridor near Columbia Drive, where corner markets, takeout counters, and service shops set a practical, lived-in rhythm. Brick ranches and split-levels sit on generous lots, with mature trees softening the street grid. Shoal Creek Park adds trails and open lawn for a low-key outdoor reset. For a cultural anchor nearby, the 7 Stages Theatre and the DeKalb History Center’s courthouse museum in Decatur draw regular calendar energy. MARTA rail at East Lake and Decatur links the area to the wider metro without changing its quiet, residential feel.
Provided by Walk Score and Local Logic
Offer insights
540 Parker Ave SE · $279,900
$285K and above
75% chance or better to win
Why $285K+ is a strong offer
DAYS ON MARKET
8 days
The average home goes pending in 48 days.
SALE-TO-LIST
98.5%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Bookcases
Family room fireplace
Sunroom
Separate dining room
Crawl space
Bedrooms
2 bedrooms on the main level
Bathrooms
1 full bathroom on the main level
Kitchen
White cabinets
Dishwasher, electric cooktop, gas oven, gas range, refrigerator
Laundry & utility
Laundry in kitchen
Dryer
Flooring
Hardwood
Heating & cooling
Central heating with natural gas
Central air conditioning
Exterior features
Private entrance
Private yard
Rain gutters
Home design
One level
Parking
3 parking spaces
On-street parking and driveway
Level driveway
Construction
Block foundation
Utilities
Public water and sewer
110-volt electric service
Cable, electricity, natural gas, sewer, and water available
Electricity and solar
View estimated energy costs and solar savings for this home
Welcome to 540 Parker Avenue, a classic 1940s bungalow offering an increasingly hard-to-find opportunity for affordable intown living in East Lake Terrace. With 2 bedrooms, 1 bath and approximately 1,080 square feet, this charming home combines original character with plenty of potential to make it your own. Inside, hardwood floors, a fireplace, built-in bookcases and a separate dining area reflect the home's original character, while the sunroom provides additional flexible space for a home office, reading room or casual retreat. The single-level floor plan is comfortable and functional, and the approximately .20-acre lot offers room to enjoy the outdoors, garden or explore future possibilities. Move in and enjoy the home as it is, renovate over time, or bring your vision and take advantage of the continued investment and new construction occurring throughout the surrounding area. The location may be the real standout. East Lake Terrace puts you just minutes from East Lake Golf Club and within easy reach of Kirkwood, Oakhurst, Downtown Decatur, East Atlanta Village and the shops and restaurants along Glenwood Avenue. Convenient access to I-20 makes getting to Downtown Atlanta and other intown destinations easy. Whether you're searching for your first home, an intown alternative to higher-priced neighboring communities, or a property with room for future improvements, 540 Parker Avenue offers character, location and opportunity in one of Decatur's most convenient intown settings.
FMLS #7464593
Oct 31, 2024
Sold
$259,500
$240/sq ft
Oct 24, 2024
Pending
—
Oct 1, 2024
Listed
$275,000
$255/sq ft
GAMLS #10391816
Oct 31, 2024
Sold
$265,000
$245/sq ft
Oct 24, 2024
Pending
—
Oct 1, 2024
Listed
$275,000
$255/sq ft
Great starter home, flip, rental or even as a tear down in booming East Lake Terrace! This property has endless options for the savvy buyer. Property is move in ready, but with a new home being built next door and all down the street.
GAMLS #8551266
May 1, 2019
Listing Removed
—
Apr 18, 2019
Price Changed
$144,318
$134/sq ft
Mar 27, 2019
Listed
$3,175,000
$2,940/sq ft
GAMLS #8414747
Jan 1, 2019
Listing Removed
—
Jul 10, 2018
Listed
$3,500,000
$3,241/sq ft
Public Records
Jan 10, 2002
Sold
$153,700
$142/sq ft
Public Records
Jul 25, 1990
Sold
$49,900
$46/sq ft
Public Records
Sep 1, 1989
Sold
$28,000
$26/sq ft
Public Records
Jul 14, 1988
Sold
$32,000
$30/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,784 (+40.1%)
$63,600 + $35,720
$99,320
2024
$3,414 (+1.6%)
$63,600 + $35,720
$99,320
2023
$3,359 (−2.9%)
$32,000 + $36,000
$68,000
2022
$3,458 (+51.4%)
$32,000 + $39,600
$71,600
2021
$2,283
$32,000 + $39,600
$71,600
2019
$2,283 (−0.2%)
$13,395 + $31,045
$44,440
2018
$2,288 (+120.3%)
$5,760 + $38,680
$44,440
2017
$1,038 (−0.1%)
$5,760 + $38,680
$44,440
2016
$1,040 (+8.0%)
$5,760 + $10,240
$16,000
2014
$963 (+190.5%)
$5,760 + $17,600
$23,360
2013
$332 (−5.7%)
$1,920 + $5,360
$7,280
2012
$352 (−3.5%)
$1,920 + $5,360
$7,280
2011
$364 (−72.7%)
$2,400 + $8,496
$10,896
2010
$1,334 (−6.1%)
$16,722 + $26,038
$42,760
2008
$1,420
Public record
Public record
Zoning
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
7,405 Sq. Ft.
Year renovated
1993
Finished Sq. Ft.
1,080
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,080
Year built
1945
Style
Single Family Residential
County
DeKalb County
APN
15 171 02 004
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Apr 1, 2026.
R-75
Residential Medium Lot-75 District
The purpose and intent of the board of commissioners in establishing the R-75 (Residential Medium Lot-75) District is as follows: To provide for the protection of neighborhoods within the county where lots have a minimum area of ten thousand square feet; To provide for compatible infill development in neighborhoods; To provide protections for existing development as new subdivisions are created; To provide flexibility in design on the interior of new development while protecting surrounding development; To assure that the uses and structures authorized in the R-75 (Residential Medium Lot-75) District are those uses and structures designed to serve the housing, recreational, educational, religious, and social needs of the neighborhood; To provide for appropriately sized accessible and useable open space in new developments for health, recreational and social opportunities for county residents; To implement the future development map of the county's most current comprehensive plan.
Permitted uses
Include but are not limited to:
Equestrian facility
Livestock production
Garden center
Housing-Single unit
Public service
Golf related
Communications tower
Local insights from Redfin agents
DeKalb County offers diverse lifestyles, from established communities like Decatur and Avondale Estates to suburban neighborhoods throughout North and East DeKalb. Known for its culture, dining, green spaces, and MARTA access, DeKalb attracts buyers...