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$699,999

Beds
4
Baths
2.0
sq ft
Unknown

1040 Emerson Ave SE, Atlanta, GA 30316

1040 Emerson Ave SE

Atlanta, GA 30316

  • 31 days on market
Nestled in the heart of Ormewood Park, one of Atlanta’s most sought-after neighborhoods, 1040 Emerson Ave is surrounded by million-dollar homes—even on the same street! Recently appraised for $750,000, this property is priced to sell at just $699,999. This charming home features 4 bedrooms, 2 baths, a sunroom, a bonus room upstairs (formerly a kitchenette), and a basement brimming with potential. The unique upstairs bathroom adds a touch of character, making this home perfect for those who value charm and history while seeking opportunities to add their personal touch. Whether you’re a homeowner looking to make this house your dream home by expanding the square footage or an investor ready to modernize and maximize its value, the possibilities are endless. Important Notes: • This is an as-is sale: The owner will not make any repairs. While due diligence is allowed, inspections are for informational purposes only. • The property is currently being used as an Airbnb, so showings must be scheduled in advance—please do not disturb guests. The motivated seller is ready to close ASAP and is open to concessions or price adjustments for the right offer. Don’t miss this opportunity to own a home in the heart of Ormewood Park—schedule your showing today and bring your offers!

Details

Property type

Single Family Residence

Est. home value

$842,127

Lot size

0.43 acres

Price per sq ft

Unknown

Year built

1945

Annual property taxes

$9,099

HOA

No

Price History

11/20/2024
FMLS

FMLS #7488631

Listed
$699,999
-3.45%
06/06/2024
FMLS

FMLS #7348698

Removed
$725,000
04/17/2024
FMLS

FMLS #7348698

Price change
$725,000
-9.38%

Schools & Community

Neighborhood: 

Ormewood Park

Elementary school: 

Parkside

Middle school: 

Martin L. King Jr.

High school: 

Maynard Jackson

Seller’s Loan History

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

Lender

Unknown

Loan start date

July 2023

Original loan amount

$503,750

Est. remaining balance

Not provided

Interest rate

6.57%

Loan type

Commercial, 30 year

Seller

John Bennett Grp Llc

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 11:35 AM

Listing updated: 11/25/2024 at 11:24 AM

Listed by: Deshawna Bennett, Keller Williams Realty Atl Partners Phone #: (678) 252-1900

MLS: FMLS #7488631

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