609 Waynes Ct Se

Atlanta, Georgia, 30354

Redeemable DeedpendingSells Oct 6, 2026 · 3 days ago

View on map ↗

Beds: 3
Baths: 2
SqFt: 1,736
Lot Size: 6,042
Year Built: 1998
APN: 14 003000030630

Property Type: Sfr
Distressed: No
Vacant: No
Owner Type: Company
Owner Status: Absentee (In State)
Length of Ownership: 4 Years
Purchase Method: Cash Purchase
County: Fulton

Value

Estimated Value: $216,000
County Market Value: $222,300
Assessed Value: $88,920; 2026

Mortgage & Debt

Open Mortgages: 0
Estimated Balance: $0
Lien Flags: None recorded; RealEstateAPI flags · not a lien search

Last Sale

Public Record: $57,000; 09/09/2022
Document Type: Warranty Deed

Opportunity

Equity (est.): $216,000; 100%
Monthly Rent: $1,890; Suggested rent
Gross Yield: 10.50%
Linked Properties: 2

Opening bid

—

Assessed value

$88,920

Land $33,520Improvement $55,400

Market / AVM

$216,000

Taxes owed

—

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: Jal Investment Group Llc
Mailing Address: 351 Langshire Dr, Mcdonough, GA 30253
Owner Type: Company
Corporate Owned: Yes

Property Characteristics

Total Rooms: 5
Bedrooms: 3
Total Bathrooms: 2

Deal analysis

Recorded	Document	Notice	Auction Date	Active
03/24/2017	Notice of Foreclosure Sale	FOR	04/04/2017	No

School	Type	Grades	Rating	Enrollment
South Atlanta Law And Social Justice School	Public	9-12	2	274
South Atlanta School Of Computer Animation And Des	Public	9-12	0	299
Long Middle School	Public	6-8	2	723
Humphries Elementary School	Public	PK-5	5	325
South Atlanta School Of Health And Medical Science	Public	9-12	2	276

Recorded	Amount	Type	Lender	Rate Type	Term	Maturity	Open
08/08/2017	$51,000	Commercial	Anchor Loans Lp		10	08/01/2018	No
09/17/2013	$91,875	Conventional	Quicken Loans Inc				No
07/30/2004	$12,790	Stand Alone Refi (Refinance of Original Loan)	Wachovia Bank Na	Adjustable Rate	470	06/25/2044	No
03/14/2001	$115,700	Conventional	Equifirst Corp				No

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
09/09/2022	09/09/2022	$57,000	Warranty Deed	2022-040224	Yes	Cash Purchase	Jal Investment Grp Llc	Paula Nelson
02/03/2022	02/03/2022	$30,000	Warranty Deed	2022-004871	Yes	Cash Purchase	Paula Nelson	Twin Cribs Llc
01/09/2020	01/09/2020	$12,600	Warranty Deed	2020-001237	Yes	Cash Purchase

Your maximum bid

$125,728

Walk away above this. Projected profit at the ceiling: $64,800 (30% of ARV).

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$113,155

Under max by $12,573

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

—

Median sold

—

p(redeem) prior

—

No historical bucket for GA|Redeemable Deed; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $216,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $216,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$17,280
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical GA range ($3,000–$7,500, ~6 months).: −$5,250
Deed recording and transferassumed Typical GA recording and deed issuance cost.: −$350
Holding costs (8 months)assumed Taxes, insurance, and securing the property at ~$324/month.: −$2,592
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$64,800
Maximum bid: $125,728

If the owner redeems

Flat penalty

20%

You'd receive

$25,146

Window

365 days

A 20% flat penalty applies if the owner redeems. It is a penalty, not annual interest — the rate does not change with how early they redeem.

redemption stays open indefinitely until the purchaser forecloses it by statutory notice (barment)

Quoted elsewhere as 20% annualised — true only if they redeem on the last possible day and you immediately redeploy the capital. Treat the flat penalty as the real number.

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. The 12-month period is a minimum, not an expiry — the redemption right persists until you serve barment notice, so budget for that process.

609 Waynes Ct Se

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

609 Waynes Ct Se

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

Building Size

Land/Location Information

Legal Description

Tax Assessment Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

Distress Flags

Foreclosure Filings

Listing

Area

Fair Market Rents

Schools

Tax Assessment Information

Mortgage History

Sale History

County records

Fulton County rules

Historical comps

Verify before you bid