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    Property profile & analytics

    615 3rd Ave Decatur, GA 30030-3553

    • Garden apartment buildings
    • 20,412 SF
    • 1.82 lot acres
    OFF-MARKET
    Value Estimation
    $4,835,000
    Last Sale
    Jun 10, 2021
    $4,725,000
    Location Intelligence
    Property ID
    US22-1674159
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Enclave Oakhurst Village / Apartment Complex

    Property Details for 615 3rd Ave

    Year built
    1960
    Lot size
    1.82 lot acres
    Property size
    20,412 SF
    Zone code
    HDSF
    Property type
    Garden apartment buildings
    APN
    15 213 03 032
    APU
    1521303032

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,805,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,420,000
      6.5%
      $4,905,000
      7%
      $5,110,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,890,000
      Geo Method
      $4,180,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,820,000
      Retail
      $5,965,000
      Mixed-Use
      $5,265,000
      Hospitality
      $5,375,000
      Educational
      $5,500,000
      Residential Income
      $4,630,000
      Energy
      $5,675,000
      Income-Based Land
      $5,645,000
      Food Service
      $4,620,000

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Dekalb
    State
    Georgia
    Longitude
    -84.3094
    Latitude
    33.7565
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,454
    $160,800
    $1,179,200
    $1,340,000
    -
    $402,000
    $2,948,000
    $3,350,000

    Comparable in this City

    • Value Estimation
      $2,975,000
      6,156 SF

      750 Lk Dr

      GARDEN APT, COURT APT (5+ UNITS) • 6,156 SF
      750 Lk Dr, Decatur, GA 30030-4946
      View Details
    • Value Estimation
      $4,535,000
      19,755 SF

      305 Ponce De Leon Ave

      GARDEN APT, COURT APT (5+ UNITS) • 19,755 SF
      305 Ponce De Leon Ave, Decatur, GA 30030-2605
      View Details
    • Value Estimation
      $4,670,000
      8,028 SF

      711 Oakview Rd

      GARDEN APT, COURT APT (5+ UNITS) • 8,028 SF
      711 Oakview Rd, Decatur, GA 30030-4352
      View Details
    • Value Estimation
      $840,000
      3,552 SF

      411 Candler St

      GARDEN APT, COURT APT (5+ UNITS) • 3,552 SF
      411 Candler St, Decatur, GA 30030-3749
      View Details
    • Value Estimation
      $330,000
      2,646 SF

      758 Derrydown Way

      GARDEN APT, COURT APT (5+ UNITS) • 2,646 SF
      758 Derrydown Way, Decatur, GA 30030-3938
      View Details
    • Value Estimation
      $335,000
      2,889 SF

      759 Derrydown Way

      GARDEN APT, COURT APT (5+ UNITS) • 2,889 SF
      759 Derrydown Way, Decatur, GA 30030-3939
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • New
      $3,300 /Mo

      New Construction Home in Decatur

      Light-filled 2 bed, 2.5 bath home with modern upgrades.
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      View Details
    • $34 SF/Yr
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      Downtown Decatur Executive Suites

      Prime Office Space, 11,075 SF Available
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    • $29 SF/Yr
      122,472 SF

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      Prime Decatur location, medical office space available.
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    • $22 SF/Yr
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      Decatur GA Office Space for Lease

      Prime Decatur Office Suites - Flexible Options
      0 Court Sq, Decatur, GA 30030
      View Details
    • $22 SF/Yr
      18,838 SF

      Decatur, GA Executive Office Suites

      Class A Office Space, Modern Amenities
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      View Details
    • $36 SF/Yr
      12,699 SF

      Downtown Decatur Office Suites

      Prime Decatur Office Space Available
      119 Court Sq, Decatur, GA 30030
      View Details
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    615 3rd Ave
    Decatur, GA 30030-3553
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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