Why keep scrolling? This is the moment you pick up the phone and call your agent to arrange a tour. Priced at $205,000 to bring instant attention, this 3-bedroom, 2-bath ranch in Lithonia's established Panola Downs neighborhood offers that rare combination of move-in ready condition and genuine affordability that first-time buyers and investors alike have been searching for. The first takeaway upon crossing the threshold is the sense of space. The vaulted ceiling in the living room goes a long way toward achieving this, as does the unmistakable sense of flow that extends past the corner-set fireplace with its crisp white mantel, through the dining area, and into the kitchen beyond. Durable gray-toned laminate wood floors play nicely off a clean, contemporary color palette that serves as the backdrop for whatever the moving truck drops off. It's a clear canvas here. The kitchen received attention where it counts: white cabinetry provides plenty of storage, granite countertops offer durability and style, and stainless steel appliances including a gas range make meal prep a genuine pleasure rather than a chore. Easy-to-maintain tile flooring keeps things practical in the high-traffic cooking zone, and the open sightlines to the living and dining areas mean the cook never misses out on the conversation. Down the hall, three bedrooms offer flexibility for a growing family or for converting one into a dedicated home office. The primary suite enjoys its own ensuite bath for added privacy, while the two additional bedrooms share a second full bathroom. Plenty of closet space throughout keeps organization simple. Out back, mature trees frame the property, lending that slightly tucked-away feeling even though you're still conveniently close to everything. The yard has room enough for weekend activities or future plans, whether that's a garden, a deck, or simply letting the dog roam. And speaking of convenience: Panola Downs Road sits in that sweet spot where suburban tranquility meets easy access. Covington Highway and I-20 are just minutes away, making commutes into the city manageable. Nearby shopping at the Kroger center, Stonecrest MarketPlace, and all the daily errands are well within reach. Yet, pull into the driveway at the end of the day, and the quiet settles in. The single-level floor plan is worth mentioning twice. No stairs to navigate, everything on one level, with a one-car garage for secure parking and a bit of extra storage. It's the kind of practical, no-fuss layout that works whether you're just starting out or scaling down. 5474 Panola Downs is unique among its competitors. You will not find a better design for your long-term use at this price point in this part of the Metro. Offered as a no-questions, no-surprises move-in ready package deal, this is an exceptional value in an area that continues to appreciate over time. So, if you're a ready-to-act buyer, call your agent today for a private tour and submit your best offer because homes of this caliber at this price remain rare in this evolving market. Serious inquiries only.
Why keep scrolling? This is the moment you pick up the phone and call your agent to arrange a tour. Priced at $205,000 to bring instant attention, this 3-bedroom, 2-bath ranch in Lithonia's established Panola Downs neighborhood offers that rare combination of move-in ready condition and genuine affordability that first-time buyers and investors alike have been searching for. The first takeaway upon crossing the threshold is the sense of space. The vaulted ceiling in the living room goes a long way toward achieving this, as does the unmistakable sense of flow that extends past the corner-set fireplace with its crisp white mantel, through the dining area, and into the kitchen beyond. Durable gray-toned laminate wood floors play nicely off a clean, contemporary color palette that serves as the backdrop for whatever the moving truck drops off. It's a clear canvas here. The kitchen received attention where it counts: white cabinetry provides plenty of storage, granite countertops offer durability and style, and stainless steel appliances including a gas range make meal prep a genuine pleasure rather than a chore. Easy-to-maintain tile flooring keeps things practical in the high-traffic cooking zone, and the open sightlines to the living and dining areas mean the cook never misses out on the conversation. Down the hall, three bedrooms offer flexibility for a growing family or for converting one into a dedicated home office. The primary suite enjoys its own ensuite bath for added privacy, while the two additional bedrooms share a second full bathroom. Plenty of closet space throughout keeps organization simple. Out back, mature trees frame the property, lending that slightly tucked-away feeling even though you're still conveniently close to everything. The yard has room enough for weekend activities or future plans, whether that's a garden, a deck, or simply letting the dog roam. And speaking of convenience: Panola Downs Road sits in that sweet spot where suburban tranquility meets easy access. Covington Highway and I-20 are just minutes away, making commutes into the city manageable. Nearby shopping at the Kroger center, Stonecrest MarketPlace, and all the daily errands are well within reach. Yet, pull into the driveway at the end of the day, and the quiet settles in. The single-level floor plan is worth mentioning twice. No stairs to navigate, everything on one level, with a one-car garage for secure parking and a bit of extra storage. It's the kind of practical, no-fuss layout that works whether you're just starting out or scaling down. 5474 Panola Downs is unique among its competitors. You will not find a better design for your long-term use at this price point in this part of the Metro. Offered as a no-questions, no-surprises move-in ready package deal, this is an exceptional value in an area that continues to appreciate over time. So, if you're a ready-to-act buyer, call your agent today for a private tour and submit your best offer because homes of this caliber at this price remain rare in this evolving market. Serious inquiries only.
GAMLS #20178006
Jul 31, 2024
Rental Removed
$1,525
$1/sq ft
Jul 18, 2024
Price Changed
$1,525
$1/sq ft
Jun 30, 2024
Price Changed
$1,615
$1/sq ft
Jun 12, 2024
Price Changed
$1,640
$1/sq ft
May 18, 2024
Price Changed
$1,690
$1/sq ft
May 6, 2024
Price Changed
$1,715
$1/sq ft
Apr 23, 2024
Listed for Rent
$1,790
$2/sq ft
RENT. #2
Jul 26, 2024
Rental Removed
$1,525
$1/sq ft
Jul 13, 2024
Price Changed
$1,525
$1/sq ft
Jun 23, 2024
Price Changed
$1,615
$1/sq ft
Jun 8, 2024
Price Changed
$1,640
$1/sq ft
May 18, 2024
Price Changed
$1,690
$1/sq ft
May 3, 2024
Price Changed
$1,715
$1/sq ft
Apr 19, 2024
Price Changed
$1,765
$2/sq ft
Apr 13, 2024
Listed for Rent
$1,790
$2/sq ft
Mar 28, 2024
Rental Removed
$1,815
$2/sq ft
Mar 23, 2024
Listed for Rent
$1,815
$2/sq ft
Public Records
Jun 29, 2020
Sold
$10,841,100
$9,443/sq ft
Public Records
Jul 25, 2019
Sold
$3,413,900
$2,974/sq ft
Public Records
Jun 7, 2013
Sold
$63,000
$55/sq ft
FMLS #5143200
May 30, 2013
Listing Removed
—
May 24, 2013
Sold
$63,000
$55/sq ft
May 8, 2013
Pending
—
May 5, 2013
Listed
$63,000
$55/sq ft
UPDATED 3BR/2BA RANCH WITH BOTH ROOF AND PAINT LESS THAN 5 YEARS OLD. TILE IN KITCHEN AND CUSTOM TILE BACKSPLASH. HUGE DECK GREAT FOR ENTERTAINING. GREAT FIRST TIME HOME BUYER OR INVESTMENT PROPERTY. TENANT IN PLACE.
GAMLS #7090410
May 29, 2013
Listing Removed
—
May 24, 2013
Sold
$63,000
$55/sq ft
May 8, 2013
Pending
—
May 1, 2013
Listed
$63,000
$55/sq ft
GAMLS #1
Apr 2, 2011
Price Changed
$69,000
$60/sq ft
Feb 25, 2011
Price Changed
$70,000
$61/sq ft
Oct 2, 2010
Price Changed
$74,900
$65/sq ft
Public Records
Apr 6, 1998
Sold
$78,000
$68/sq ft
Public Records
Aug 11, 1989
Sold
$63,000
$55/sq ft
Public Records
Jun 24, 1988
Sold
$63,000
$55/sq ft
Public Records
May 1, 1987
Sold
$115,000
$100/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,215
$16,370 + $69,790
$86,160
2024
$4,211 (+1.3%)
$16,370 + $69,790
$86,160
2023
$4,158 (+74.3%)
$16,370 + $69,790
$86,160
2022
$2,386
$7,200 + $39,480
$46,680
2021
$2,386 (+22.1%)
$7,200 + $39,480
$46,680
2020
$1,954
$7,200 + $39,480
$46,680
2019
$1,954 (+41.9%)
$7,200 + $29,640
$36,840
2018
$1,377 (−0.2%)
$3,546 + $20,094
$23,640
2017
$1,379 (+12.7%)
$3,546 + $20,094
$23,640
2016
$1,224 (−11.8%)
$3,480 + $20,160
$23,640
2014
$1,387 (+68.1%)
$3,480 + $20,680
$24,160
2013
$825
$3,480 + $7,280
$10,760
2012
$825 (+71.4%)
$3,480 + $7,280
$10,760
2011
$481 (−47.4%)
$4,000 + $11,120
$15,120
2010
$915 (−15.5%)
$8,840 + $20,560
$29,400
2008
$1,083
Tax history for 5474 Panola Downs Rd
Year
Property tax
Land + Additions
Assessment*
2025
$4,215
$16,370 + $69,790
$86,160
2024
$4,211 (+1.3%)
$16,370 + $69,790
$86,160
2023
$4,158 (+74.3%)
$16,370 + $69,790
$86,160
2022
$2,386
$7,200 + $39,480
$46,680
2021
$2,386 (+22.1%)
$7,200 + $39,480
$46,680
2020
$1,954
$7,200 + $39,480
$46,680
2019
$1,954 (+41.9%)
$7,200 + $29,640
$36,840
2018
$1,377 (−0.2%)
$3,546 + $20,094
$23,640
2017
$1,379 (+12.7%)
$3,546 + $20,094
$23,640
2016
$1,224 (−11.8%)
$3,480 + $20,160
$23,640
2014
$1,387 (+68.1%)
$3,480 + $20,680
$24,160
2013
$825
$3,480 + $7,280
$10,760
2012
$825 (+71.4%)
$3,480 + $7,280
$10,760
2011
$481 (−47.4%)
$4,000 + $11,120
$15,120
2010
$915 (−15.5%)
$8,840 + $20,560
$29,400
2008
$1,083
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
5
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
6,534 Sq. Ft.
Year renovated
1998
Sq. Ft.
1,148
Year built
1987
Style
Single Family Residential
County
DeKalb County
APN
16 038 08 005
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 14, 2026.
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
Parking
Parking Information
# of Garage Spaces: 1
# of Total Parking: 1
Parking Features: Garage, Garage Faces Front
Interior
Virtual Tour
Bathroom Information
# of Full Bathrooms: 2
# of Main Level Bathrooms: 2
Master Bathroom Features: Tub/Shower Combo
Bedroom Information
# of Main Level Bedrooms: 3
Bedroom Features: Master on Main
Interior Features
# of Fireplaces: 1
Fireplace Features: Living Room
Interior Features: Vaulted Ceiling(s)
Common Walls: No Common Walls
Appliances: Dishwasher, Gas Range, Range Hood
Room Information
LaundryFeatures: Laundry Room, Main Level
Kitchen Features: Cabinets White,Solid Surface Counters,Eat-in Kitchen,View to Family Room
Dining Room Features: Open Concept
Room Type: Other
Exterior
Property Information
Levels: One
Above Grade Finished Area: 1,148
Construction Materials: Wood Siding
Exterior Features: Rain Gutters
Roof: Composition
Patio And Porch Features: Front Porch
Property Condition: Resale
Lot Information
TaxLegalDescription: See attached legal description
Financial
Financial Information
Buyer Financing: FHA
Utilities
Utility Information
Cooling: Central Air, Ceiling Fan(s)
Heating: Central
Water Source: Public
Electric: 110 Volts
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Location
School Information
Elementary School: Panola Way
Middle Or Junior School: Miller Grove
High School: Lithonia
Location Information
Directions: https://www. google.com/maps
Road Surface Type: Asphalt
Road Frontage Type: City Street
Dekalb - GA
Community Information
Community Features: Near Schools, Near Shopping
Public facts
Beds: 5
Baths: 3.0
Sq. Ft.: 1,148
Stories: 1.0
Lot Size: 6,534 square feet
Style: Single Family Residential
Year Built: 1987
Year Renovated: 1998
County: DeKalb County
APN: 16 038 08 005
Home facts updated by county records on Sep 14, 2026
Around this home
Schools
Panola Way Elementary School
Public PreK-5 • Assigned • 0.3mi
4/10
Miller Grove Middle School
Public 6-8 • Assigned • 1.1mi
3/10
Miller Grove High School
Public 9-12 • Assigned • 1.7mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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...