1645 S Gordon St Sw

Atlanta, Georgia, 30310

Redeemable DeedpendingSells Oct 6, 2026 · 3 days ago

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Beds: 2
Baths: 2
SqFt: 1,360
Lot Size: 11,903
Year Built: 1938
APN: 14 014900070931

Property Type: Sfr
Distressed: No
Vacant: No
Owner Type: Company
Length of Ownership: 17 Years 7 Months
Purchase Method: Cash Purchase
County: Fulton

Value

Estimated Value: $318,000
County Market Value: $324,600
Assessed Value: $129,840; 2026

Mortgage & Debt

Open Mortgages: 1
Estimated Balance: $45,000
Lien Flags: None recorded; RealEstateAPI flags · not a lien search

Last Sale

Document Type: Quit Claim Deed

Opportunity

Equity (est.): $287,051; 90%
Monthly Rent: $1,553; Suggested rent
Gross Yield: 5.86%

Opening bid

—

Assessed value

$129,840

Land $35,000Improvement $94,840

Market / AVM

$318,000

Taxes owed

—

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: Home Owner Mortgage Education Inc
Mailing Address: 1645 S Gordon St Sw, Atlanta, GA 30310
Owner Type: Company
Corporate Owned: Yes

Property Characteristics

Total Rooms: 8
Bedrooms: 2
Total Bathrooms: 2

Deal analysis

School	Type	Grades	Rating	Enrollment
Beecher Hills Elementary School	Public	PK-5	6	346
Booker T. Washington High School	Public	9-12	2	722
Peyton Forest Elementary School	Public	PK-5	4	527
Booker T. Washington High School - Health, Sciences and Nutrition Small School	Public	9-12	0	439
F. L. Stanton Elementary School	Public	PK-5	3	293
Booker T. Washington - Early College Small School	Public	9-12	0	258
Young Middle School	Public	6-8	2	832
M. A. Jones Elementary School	Public	PK-5	4	541
Mays High School	Public	9-12	2	1,534
Booker T. Washington High School - Banking- Financ	Public	9-12	0	350
Connally Elementary School	Public	PK-5	0	487
Harper-Archer Middle School	Public	6-8	1	486
Brown Middle School	Public	6-8	4	554
Douglass High School	Public	9-12	2	929

Recorded	Position	Amount	Type	Lender	Rate	Term	Maturity
12/22/2005	First	$45,000	Conventional	Miscellaneous Title Co	12%	20	12/22/2007

Recorded	Position	Amount	Type	Lender	Rate	Term	Maturity	Open
12/22/2005	First	$45,000	Conventional	Miscellaneous Title Co	12%	20	12/22/2007	Yes
12/19/2001		$166,500	Stand Alone Refi (Refinance of Original Loan)	E Crest Financial				No

Sale Date	Recorded	Amount	Document	Arm's Length	Method	Buyer	Seller
12/29/2008	02/10/2009		Quit Claim Deed	No	Cash Purchase	Home Owner Mtg Education Inc	Katina Wright
12/22/2005	01/24/2006	$70,000	Deed	Yes	Financed	Katina Wright	Bank One Na Series 2002 Bc2
11/05/2002	07/22/2003	$201,875	Foreclosure	Yes	Cash Purchase	Bank One Na	Salazar, Ivette
02/05/2002

Your maximum bid

$187,744

Walk away above this. Projected profit at the ceiling: $95,400 (30% of ARV).

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

History-guided suggestion

$168,970

Under max by $18,774

≤ oracle maxBid

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

History sample

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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 $318,000. 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: $318,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$25,440
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 ~$477/month.: −$3,816
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): −$95,400
Maximum bid: $187,744

If the owner redeems

Flat penalty

20%

You'd receive

$37,549

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.

1645 S Gordon St Sw

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

1645 S Gordon St Sw

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

Building Size

Land/Location Information

Legal Description

Tax Assessment Information

Last Non-Arm's Length Ownership Transfer

Recording Information

Buyer/Seller Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

Distress Flags

Area

Fair Market Rents

Schools

Tax Assessment Information

Open Mortgages

Mortgage History

Sale History

County records

Fulton County rules

Historical comps

Verify before you bid