tomo logo

$250,000

Beds
2
Baths
2.0
sq ft
1,079

10 Perimeter Summit Blvd NE Unit 3106, Brookhaven, GA 30319

10 Perimeter Summit Blvd NE Unit 3106

Brookhaven, GA 30319

  • 79 days on market
WOW!!! Resort Luxury Living... Seller is Motivated. Excellent location, excellent condition! Beautiful two bedroom two full bath condo in the desirable Villa Sonoma at Perimeter. Open plan with large bright living room, separate dining room area or office space, good size kitchen with ample cabinets, new appliances and granite counters, washer dryer in separate hall area. Bedrooms have walk-in closets with main room having built-in closet shelves. Tile flooring in baths, plush carpeting in bedrooms and gorgeous vinyl hardwood floors throughout the main living areas. This condo comes with two parking spaces in the covered, gated parking deck. Security access to building. Wonderful, huge, built-in pool and lounge area. Fitness/gym center. On-site property management. Walking areas. Other resort-style amenities include billiards room, business center, additional laundry, book nook, mail center, pet walk area, conference room and theater. Villa Christina restaurant, Hyatt Regency Hotel, and Savi Cafe are also located on-site at Villa Sonoma. Located in Brookhaven but walking distance from the Perimeter Mall and restaurant/entertainment district, minutes from major hospitals, grocery, shopping, MARTA, and instant access to GA-400 and I-285. Within the last 10 years, the HOA took out an approximate $12-14MM loan that covered updating and renovating of just about everything such as the exterior walls, painting, roof, pool, secure access system, etc. They are still updating some items like elevators. Usually these are paid for through special assessments to the owners with many condominium complexes whereas they may be charged a one time fee or annual fee to pay until the loans are paid off. In this case, the HOA chose to divide the special assessment payments over multiple years between all 321 condo owners until its paid off. That's why what normally might be $450 per month HOA fees is currently closer to $695 per month. Essentially, home owners are getting a brand new fully updated complex and community with outstanding location, access to resort-like amenities, access to on-site restaurant, hotel, and event center, plus the normal HOA perks. BorrowSmart Access Grant for $3500.00 for qualified Borrowers. Seller will pay 3 months towards HOA contribution.

Details

Property type

Condominium

Est. home value

$272,108

Lot size

915 sq ft

Price per sq ft

$232

Year built

2005

Annual property taxes

$2,020

Monthly HOA fee

$57.92

Price History

10/05/2024
GeorgiaMLS

GeorgiaMLS #10393010

Listed
$250,000
-3.81%
10/01/2024
FMLS

FMLS #7344241

Removed
$259,900
08/16/2024
FMLS

FMLS #7344241

Price change
$259,900
-3.56%

Schools & Community

Elementary school: 

Montgomery

Middle school: 

Chamblee

High school: 

Chamblee

Community features: 

Gated, Fitness Center, Pool, Sidewalks, Street Lights

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$77,753
Asking price
$250,000
Closing costs (~8% of asking)
-$20,000
Est. remaining loan balance
-$152,247
Cash to seller
$77,753

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Bay Equity

Loan start date

May 2021

Original loan amount

$164,900

Est. remaining balance

$152,247

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

Julian Jerome Busbee

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 8:20 PM

Listing updated: 10/24/2024 at 1:07 AM

Listed by: Sabrina Richardson, Richardson & Associates Realty

MLS: GeorgiaMLS #10393010

GeorgiaMLS logo

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