tomo logo

$435,000

Beds
2
Baths
1.0
sq ft
1,002

1040 Gilbert St SE, Atlanta, GA 30316

1040 Gilbert St SE

Atlanta, GA 30316

  • 8 days on market
Charming Cottage in Ormewood Park. Renovated in 2018, this home retains original 1920's details with modern amenities. The living room opens to dining and flows seamlessly to the chef's kitchen with butcher block counters and farmhouse sink. A bonus sunroom is found off the living area, perfect for an office. Two bedrooms are found on the right side of the home with a lovely full bath in between. Outdoors you'll find a spacious fully fenced backyard with a large deck, shed for extra storage, small pond, and even an outdoor stone pizza oven! A walk to the Beltline, restaurants and retail. WELCOME HOME.

Details

Property type

Single Family Residence

Est. home value

$432,484

Lot size

8,973 sq ft

Price per sq ft

$435

Year built

1925

Annual property taxes

$5,839

Price History

09/11/2024
FMLS

FMLS #7453469

Listed
$435,000
+11.54%
11/05/2021
FMLS

FMLS #6944930

Sold
$390,000
+14.74%
06/07/2019
GeorgiaMLS

GeorgiaMLS #8570190

Sold
$339,900
+83.98%

Schools & Community

Neighborhood: 

Ormewood Park

Elementary school: 

Parkside

Middle school: 

Martin L. King Jr.

High school: 

Maynard Jackson

Community features: 

Restaurant, 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

$125,884
Asking price
$435,000
Closing costs (~8% of asking)
-$34,800
Est. remaining loan balance
-$274,316
Cash to seller
$125,884

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

Seller’s Loan History

Lender

Prosperity Home Mortgage

Loan start date

November 2021

Original loan amount

$292,500

Est. remaining balance

$274,316

Interest rate

2.86%

Loan type

New Conventional, 30 year

Seller

Nicole M Paterson

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?

Similar Homes Nearby

Price drop
FMLS
$439,000
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|
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|
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946 Gilbert St SE, Atlanta, GA 30316

FMLS
$385,000
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Price drop
FMLS
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Status: Active

Tomo last checked: 09/18/2024 at 9:35 PM

Listing updated: 09/12/2024 at 8:05 AM

Listed by: Helen Kynes, Keller Knapp Phone #: (404) 370-0092

MLS: FMLS #7453469

FMLS logo

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