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707 Jl Lomax Dr, Valdosta, GA 31601

2 beds, 1 bath, 672 sqft
For Sale
$24,900
Price cut: -$2,000 (7/20)
Zestimate®: $37,240
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My Notes
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Great opportunity for investor. This 2 Bedroom, 1 Bath home is part of an investors 4 home package. Rents currently for $375 a month. Total package $94,900 (Additional homes: 510 Third Avenue (rents currently for $325/mo), 404 J L Lomax (Renting for $495 starting 10/1/13 - Section 8 approved), and 406 J L Lomax (Rents currently for 375/mo). Monthly rental income is $1570 a month.
Facts
  • Lot: 4,356 sqft
  • Single Family
  • Built in 1982
  • 375 days on Zillow
  • Last sold: May 2010 for $24,000
  • Price/sqft: $37
  • MLS #: 96061
Features
  • Fireplace
    Construction
    • Exterior material: Wood
    • Foundation type: Piers
    • Roof type: Asphalt
    • Structure type: Other
    Other
    • Floor size: 672 sqft
    • Heating: Gas
    • Parcel #: 0117D-148
    • Zillow Home ID: 76490347
    Home Values
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    A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

    The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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    $37,240
    -$10,979 Last 30 daysd
    $32K
    $41K
    Zestimate range
    Rent Zestimate What's this?
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    A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    $542/mo
    +$2 Last 30 daysd
    $298
    $732
    Zestimate range
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    Neighborhood for 707 Jl Lomax Drive

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    Zillow predicts Valdosta home values will increase 0.4% next year, compared to a 0.6% rise for Lowndes as a whole. Among Valdosta homes, this home is 79.4% less expensive than the midpoint (median) home, and is priced 50% less per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In Valdosta, the number of foreclosures waiting to be sold is 18.6% greater than in Lowndes, and 63.9% lower than the national average. This higher local number may prevent Valdosta home values from rising as quickly as other regions in Lowndes.

    Learn more about forecast calculations or Valdosta home values.
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