tomo logo

$245,000

Beds
2
Baths
2.5
sq ft
1,189

1056 Welch St SW, Atlanta, GA 30310

1056 Welch St SW

Atlanta, GA 30310

  • 55 days on market
    • Price drop $5,000↓
This charming 2-bedroom, 3-bathroom gem offers the perfect blend of comfort and style at an unbeatable price of $255K in Southwest Atlanta. Step inside to discover a spacious open floor plan with gleaming hardwood floors, a cozy living area, and a modern kitchen with stainless steel appliances and granite countertops. Each bedroom features ample closet space and its own private bathroom, ensuring convenience and privacy. Outside, enjoy a beautifully landscaped yard perfect for relaxation or entertaining. Nestled in a quiet, friendly neighborhood, this home is just minutes from parks, shopping, dining, and downtown Atlanta. Don’t miss this incredible opportunity!

Details

Property type

Single Family Residence

Est. home value

$323,327

Lot size

5,001 sq ft

Price per sq ft

$207

Year built

1930

Annual property taxes

$4,127

HOA

No

Price History

03/04/2025
FMLS

FMLS #7519223

Price change
$245,000
-2%
02/17/2025
FMLS

FMLS #7519223

Price change
$250,000
-1.96%
02/04/2025
GeorgiaMLS

GeorgiaMLS #10447481

Removed
$255,000

Schools & Community

Neighborhood: 

Pittsburgh

Elementary school: 

Charles L. Gideons

Middle school: 

Sylvan Hills

High school: 

G.W. Carver

Community features: 

Sidewalks

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

$123,781
Asking price
$245,000
Closing costs (~8% of asking)
-$19,600
Est. remaining loan balance
-$101,619
Cash to seller
$123,781

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

Seller’s Loan History

Lender

Everett Financial

Loan start date

February 2018

Original loan amount

$118,370

Est. remaining balance

$101,619

Interest rate

3.99%

Loan type

New Conventional, 30 year

Seller

Georgetta Lynn Rice

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

Pending
FMLS
$285,000
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|
2 ba
|
835 sq ft
|
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GeorgiaMLS
$255,000
2 bd
|
2 ba
|
878 sq ft
|
House

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Price drop
FMLS
$229,400
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|
2 ba
|
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Status: Active

Tomo last checked: 04/01/2025 at 5:55 AM

Listing updated: 03/15/2025 at 2:15 PM

Listed by: Tyler Walton, Humphries & King Realty, LLC. Phone #: (404) 720-2965

MLS: FMLS #7519223

FMLS logo

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