1332 IRON GATE BLVD

Jonesboro, Georgia, 30238

Redeemable DeedpendingSells Nov 3, 2026 · in 27 days

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Beds: 3
Baths: 2
SqFt: 1,615
Lot Size: 10,913
Year Built: 1992
APN: 06-096A- D-015

Property Type: Sfr
Distressed: No
Vacant: No
Owner Type: Individual
Owner Status: Owner Occupied
Length of Ownership: 14 Years 3 Months
Purchase Method: Cash Purchase
County: Clayton

Value

Estimated Value: $211,000
County Market Value: $232,100; 2026
Assessed Value: $92,840; 2026

Mortgage & Debt

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

Last Sale

Public Record: $33,000; 06/29/2012
Document Type: Warranty Deed

Opportunity

Opening Bid: $5,692
Bid / Value: 3%; of $211,000
Property Tax 2026: $3,719; annual bill · not the amount owed
Equity (est.): $211,000; 100%
Monthly Rent: $1,890; Suggested rent
Gross Yield: 10.75%

Opening bid

$5,692

Assessed value

$92,840

Land $7,200Improvement $85,640

Market / AVM

$211,000

Property tax 2026

$3,719

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: DRALLE DOROTHY
Mailing Address: 1332 Iron Gate Blvd, Jonesboro, GA 30238
Owner Type: Individual
Corporate Owned: No

Property Characteristics

Total Rooms: 5
Bedrooms: 3
Total Bathrooms

Deal analysis

Recorded	Document	Notice	Auction Date	Lender	Trustee	Trustee Phone	Active
03/19/2012	Notice of Foreclosure Sale	FOR	04/03/2012	MORTGAGE ELECTRONIC REGISTRATION SYSTEMS	MCCALLA RAYMER LLC	770-643-7200	No
05/18/2012	Notice of Foreclosure Sale	FOR	06/05/2012	MORTGAGE ELECTRONIC REGISTRATION SYSTEMS	MCCALLA RAYMER LLC	770-643-7200	No

School	Type	Grades	Rating	Enrollment
Lovejoy High School	Public	9-12	3	1,835
Mundys Mill Middle School	Public	6-8	4	810
Hawthorne Elementary School	Public	PK-5	4	946

Recorded	Amount	Type	Lender	Rate	Rate Type	Term	Maturity	Open
01/04/2005	$106,053	Stand Alone Second / Subordinate position	Popular Financial Services Llc	6.75%	Adjustable Rate	350	12/17/2034	No
01/29/2002	$101,650	Stand Alone Refi (Refinance of Original Loan)	Option One Mortgage Corp					No

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
06/29/2012	06/29/2012	$33,000	Warranty Deed	2012-007537	Yes	Cash Purchase	Dorothy Dralle	Perry Quinn
04/17/2007	04/23/2007	$115,000	Deed		Yes	Financed	Perry Quinn, Sid Quinn	Terry E Harden

Your maximum bid

$122,688

Walk away above this. Projected profit at the ceiling: $63,300 (30% of ARV).

Opening bid $5,692

Room to bid $116,996

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

History-guided suggestion

$47,583

Under max by $75,105

≤ 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 $211,000. 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: $211,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$16,880
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 ~$317/month.: −$2,532
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): −$63,300
Maximum bid: $122,688

If the owner redeems

Flat penalty

20%

You'd receive

$24,538

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.

1332 IRON GATE BLVD

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

1332 IRON GATE BLVD

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

Building Size

Land/Location Information

Tax Assessment Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

Distress Flags

Foreclosure Filings

Area

Fair Market Rents

Schools

Tax Assessment Information

Mortgage History

Sale History

County records

Clayton County rules

Historical comps

Verify before you bid