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$675,000

Listing Price

2beds

1baths

1,146sqft

8,772sqft lot

242 Lake Island Ave Se, Atlanta, GA 30316

Member Features

Find Real Estate Bargain!

  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Off Market

Single Family

Home type

345.51

Price / sqft

1935

Year built

Home Details

Seize the moment with this exceptional offering for new construction in the heart of Reynoldstown. Situated within the coveted R5 zoning, this expansive and level lot presents an ideal canvas for a multi-unit development. Located mere steps away from the BeltLine, the surrounding area exudes a vibrant atmosphere, boasting a lineup of upscale, dual-constructed units - Units #A and #B, each commanding prices upwards of a million plus dollars. This esteemed street is renowned for its accessibility and convenience, with an array of desirable amenities just a stone's throw away. Residents will relish in the unmatched walkability, with popular destinations such as Con Leche, Park Grounds, Muchacho, and Homegrown within easy reach. The convenience extends further with proximity to Reynoldstown MARTA, Madison Yards, Edgewood Retail, Inman Park, and beyond. This is more than just an investment opportunity - it's a chance to be part of a rapidly appreciating community where buildable lots are increasingly scarce. Don't miss out on this extraordinary chance to make your mark in one of Atlanta's most sought-after neighborhoods.

Interior Details

Square Feet
  • 1146

Bedrooms
  • 2

Bathrooms
  • 1

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Yes

Cooling
  • Has Cooling:

    Yes

  • Cooling Type:

    N/A

Fuel
  • Has Fuel:

    Yes

  • Fuel Type:

    Gas

Basement
  • Has Basement:

    No

  • Basement Type:

    Basement (unspecified)

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 8772

Water
  • Yes

Sewer
  • Yes

Parking
  • Type:

    N/A

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    N/A

Deck
  • No

Patio
  • No

Fence
  • No

Pool
  • No

Porch
  • Yes

Stoop
  • No

Breezeway
  • No

Construction Details

Number of Stories
  • 1

Style
  • Conventional

Exterior
  • Wood

Foundation
  • N/A

Roof
  • N/A

Roofing Material
  • N/A

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2020

$4,711

$62,960

$52,040

--%

$115,000

2019

$1,027

$61,840

$51,120

--%

$112,960

2018

$1,698

$60,400

$49,920

--%

$110,320

2017

$1,136

$22,640

$32,480

--%

$55,120

2016

$1,140

$22,640

$32,480

--%

$55,120

2014

$1,188

$22,640

$32,480

--%

$55,120

2012

$191

$14,280

$18,840

--%

$33,120

2011

$49

$14,280

$18,840

--%

$33,120

percent-home-icon

Average Home Price in 30316

Nearby Properties

Zip Code

Price

Bed

Bath

Sqft

Lot

Sold Date

$196,711

2 Beds

1 Baths

1,034 Sqft

3,746 Lot (sqft)

Sold 05/26/2026

$676,156

3 Beds

3.5 Baths

1,144 Sqft

1,481 Lot (sqft)

Sold 10/06/2026

$336,645

2 Beds

1 Baths

996 Sqft

5,501 Lot (sqft)

Sold 10/06/2026

$549,000

2 Beds

2 Baths

989 Sqft

7,248 Lot (sqft)

Sold 09/29/2026

$750,000

5 Beds

4 Baths

995 Sqft

10,019 Lot (sqft)

Sold 09/29/2026

$450,589

2 Beds

2 Baths

1,296 Sqft

5,663 Lot (sqft)

Sold 09/29/2026

$446,946

3 Beds

2 Baths

991 Sqft

7,248 Lot (sqft)

Sold 09/29/2026

$435,000

3 Beds

2 Baths

1,292 Sqft

8,276 Lot (sqft)

Sold 09/29/2026

$564,688

2 Beds

2 Baths

1,203 Sqft

6,970 Lot (sqft)

Sold 10/05/2026

percent-home-icon

Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
675,000
$
Down payment
135,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
4,050
$
HOA (Monthly)
0
$
PMI
0
$
$4,369
Your Payment
Total Monthly Payment:$4,369
Percent of Income:75%
Affordable:No

Details for 242 LAKE ISLAND AVE SE

Property Debt

Foreclosure Contact Details