900 New Town Cir Se

Atlanta, Georgia, 30315

Redeemable DeedpendingSells Oct 6, 2026 · 3 days ago

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SqFt: 0
Lot Size: 249,055
APN: 14 0025 LL0060

Property Type: Land
Distressed: No
Vacant: No
Owner Type: Other
Owner Status: Absentee (Out of State)
Length of Ownership: 5 Years 5 Months
Purchase Method: Financed
County: Fulton

Value

Estimated Value: $426,960
County Market Value: $1,067,400
Assessed Value: $426,960; 2026

Mortgage & Debt

Open Mortgages: 1
Estimated Balance: $21,500,000
Lien Flags: None recorded; RealEstateAPI flags · not a lien search

Last Sale

Public Record: $38,840,000; 04/27/2021
Document Type: Limited Warranty Deed

Opportunity

Equity (est.): $0; 0%
Linked Properties: 3

Opening bid

—

Assessed value

$426,960

Land $426,960Improvement $0

Market / AVM

$426,960

Taxes owed

—

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: Phoenix Ridge Ga Tc Lp
Owner 2 Name: C/O Millennia Housing Development Ltd
Mailing Address: 4000 Key Tower, Cleveland, OH 44114
Owner Type: Other
Corporate Owned: No

Land/Location Information

APN: 14 0025 LL0060
Property Class: Apartment Building (5+ Units)

Deal analysis

Recorded	Position	Amount	Type	Lender	Term	Maturity	Doc #
04/27/2021	First	$21,500,000	Commercial	The Huntington National Bank	0	01/01/2022	2021-018963

Recorded	Position	Amount	Type	Lender	Term	Maturity	Doc #	Open
04/27/2021	First	$21,500,000	Commercial	The Huntington National Bank	0	01/01/2022	2021-018963	Yes

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
04/27/2021	04/27/2021	$38,840,000	Limited Warranty Deed	2021-018963	Yes	Financed	Phoenix Ridge Ga Tc Lp, C/O Millennia Housing Development Ltd	Gmf Forest Cove Llc
02/18/2014	02/18/2014	$16,770,000	Warranty Deed	2014-003791	Yes	Cash Purchase	Gmf Forest Cove Llc	Forest Cove Apartments Llc

Your maximum bid

$253,992

Walk away above this. Projected profit at the ceiling: $128,088 (30% of ARV).

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

History-guided suggestion

$228,593

Under max by $25,399

≤ 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 $426,960. 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: $426,960
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$34,157
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 ~$640/month.: −$5,124
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): −$128,088
Maximum bid: $253,992

If the owner redeems

Flat penalty

20%

You'd receive

$50,798

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.

900 New Town Cir Se

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Land/Location Information

900 New Town Cir Se

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Land/Location Information

Tax Assessment Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

First Mortgage Information

Distress Flags

Area

Fair Market Rents

Tax Assessment Information

Open Mortgages

Mortgage History

Sale History

County records

Fulton County rules

Historical comps

Verify before you bid