5904 JONESBORO RD

Morrow, Georgia, 30260

Redeemable DeedpendingSells Nov 3, 2026 · in 26 days

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SqFt: 1,260
Lot Size: 2,936
Year Built: 1900
APN: 12-146D- B-004

Property Type: Other
Distressed: No
Vacant: No
Owner Type: Company
Length of Ownership: 6 Years 3 Months
Purchase Method: Cash Purchase
County: Clayton

Value

Estimated Value: $37,360
County Market Value: $93,400; 2026
Assessed Value: $37,360; 2026

Mortgage & Debt

Open Mortgages: 1
Estimated Balance: $68,000
Lien Flags: None recorded; RealEstateAPI flags · not a lien search

Last Sale

Public Record: $80,000; 06/12/2020
Document Type: Limited Warranty Deed

Opportunity

Opening Bid: $4,885
Bid / Value: 13%; of $37,360
Property Tax 2026: $3,056; annual bill · not the amount owed
Equity (est.): $0; 0%

Opening bid

$4,885

Assessed value

$37,360

Land $3,520Improvement $33,840

Market / AVM

$37,360

Property tax 2026

$3,056

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: K BRAIDS AND MAI MU NICE MARKET LLC
Mailing Address: 5904 Jonesboro Rd, Morrow, GA 30260
Owner Type: Company
Corporate Owned: Yes

Property Characteristics

Basement: No Basement
Fireplace: 2

Deal analysis

Recorded	Position	Amount	Type	Lender	Term	Maturity
06/16/2020	First	$68,000	Commercial	Branch Banking And Trust	170	01/01/2035

Recorded	Position	Amount	Type	Lender	Term	Maturity	Open
06/16/2020	First	$68,000	Commercial	Branch Banking And Trust	170	01/01/2035	Yes

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
06/12/2020	06/12/2020	$80,000	Limited Warranty Deed	2020-004030	Yes	Cash Purchase	K Braids And Mai Mu Nice Market Llc	Eve Allen Hayes
03/10/2017	03/10/2017		Quit Claim Deed	2017-001602	No	Cash Purchase	Eve Allen Hayes, Tonya Allen Lunsford	Eve Allen
07/16/2001	12/21/2001		Quit Claim Deed		No

Your maximum bid

$16,963

Walk away above this. Projected profit at the ceiling: $11,208 (30% of ARV).

Opening bid $4,885

Room to bid $12,078

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

History-guided suggestion

$9,038

Under max by $7,925

≤ 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 $37,360. 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: $37,360
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$2,989
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 ~$75/month.: −$600
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): −$11,208
Maximum bid: $16,963

If the owner redeems

Flat penalty

20%

You'd receive

$3,393

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.

5904 JONESBORO RD

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

5904 JONESBORO RD

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

Building Size

Land/Location Information

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

Tax Assessment Information

Open Mortgages

Mortgage History

Sale History

County records

Clayton County rules

Historical comps

Verify before you bid