1003 East Lafayette Street

Quitman, Georgia, 31643

Redeemable DeedpendingSells Oct 6, 2026 · 3 days ago

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Baths: 1
SqFt: 882
Lot Size: 12,197
Year Built: 1950
APN: Q21 0160

Property Type: Sfr
Distressed: No
Vacant: No
Owner Type: Individual
Owner Status: Owner Occupied
Length of Ownership: 4 Years 1 Month
Purchase Method: Cash Purchase
County: Brooks

Value

Estimated Value: $120,000
County Market Value: $71,300; 2025
Assessed Value: $28,520; 2025

Mortgage & Debt

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

Last Sale

Public Record: $89,900; 08/16/2022
Document Type: Warranty Deed

Opportunity

Property Tax 2025: $933; annual bill · not the amount owed
Equity (est.): $120,000; 100%
Linked Properties: 2

Opening bid

—

Assessed value

$28,520

Land $2,520Improvement $26,000

Market / AVM

$120,000

Property tax 2025

$933

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: Hollis, Essie
Mailing Address: 1003 E Lafayette St, Quitman, GA 31643
Owner Type: Individual
Corporate Owned: No

Property Characteristics

Total Bathrooms: 1
Air Conditioning Type: Central

Deal analysis

Recorded	Amount	Type	Lender	Term	Maturity	Open
10/25/2016	$56,815	FHA	Nation Star Mortgage	360	10/01/2046	No
03/03/2009	$63,492	FHA	Lend America	360	03/01/2039	No
08/28/2006	$45,979	Conventional	The Citizens National Bank Of Quitman	60	09/01/2011	No

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
08/16/2022	08/16/2022	$89,900	Warranty Deed	2022-000478	Yes	Cash Purchase	Essie Hollis	Longhorn Land Developers Llc
06/03/2022	06/03/2022	$57,000	Warranty Deed	2022-000294	Yes	Cash Purchase	Longhorn Land Developers Llc	Michael J Bennefield
08/25/2006	08/25/2006	$45,000	Deed	2006-000675	Yes	Cash Purchase	Michael J Bennefield	Donald Vance Sr Hiers

Your maximum bid

$67,360

Walk away above this. Projected profit at the ceiling: $36,000 (30% of ARV).

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

History-guided suggestion

$60,624

Under max by $6,736

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

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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 $120,000. 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: $120,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$9,600
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 ~$180/month.: −$1,440
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): −$36,000
Maximum bid: $67,360

If the owner redeems

Flat penalty

20%

You'd receive

$13,472

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.

1003 East Lafayette Street

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

1003 East Lafayette Street

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

Building Size

Land/Location Information

Legal Description

Tax Assessment Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

Distress Flags

Area

Fair Market Rents

Tax Assessment Information

Mortgage History

Sale History

County records

Brooks County rules

Historical comps

Verify before you bid