tomo logo

$549,000

Beds
7
Baths
4.0
sq ft
3,033

1058 Birch St SW, Atlanta, GA 30310

1058 Birch St SW

Atlanta, GA 30310

  • 19 days on market
    • Price drop $16,000↓
MOTIVATED SELLER. BRING ALL OFFERS. Totally unique, castle-like, historic home in popular Sylvan Hills neighborhood on the Westside of Atlanta, boasts high efficiency solid brick construction, and low utility bills. Situated on a deep lot, with a lovely front yard adorned with rose bushes, a pear tree, and wood privacy fence filled with muscadine grape vines. Property is zoned a duplex, yet the current floor plan allows for four separate units, each with a full kitchen and a full bath. Have your mortgage paid by multiple streams of income and pay low property taxes. If you are looking for a larger owner's suite, the main unit has a door in the kitchen that has been closed off. One could easily re-open this door to create a large 4 bed, 2 full bath dwelling with laundry room, and have two rentable units. The back yard has pecan trees and a detached building which could be anything from a garage, workshop, or even another rental unit! The main unit has an open floor plan, gleaming original hardwoods, oversized bedrooms, and French doors in the dining room that lead to a private side deck. The entire home has fresh paint, lots of natural light, and new energy efficient double pane windows installed in the last year. There is a designated shared laundry facility with exterior entry. Home is priced exponentially under the appraised value. Instant equity allows you to make the updates needed to create your dream home. Minutes to Marta, the Beltline, major freeways, the Airport, and Downtown Atlanta. Preferred lender credits and incentives! Matt Garcia with Supreme Lending Inquire for more information! Also listed as an income producing property MLS 7405230

Details

Property type

Single Family Residence

Est. home value

$343,884

Lot size

0.33 acres

Price per sq ft

$182

Year built

1940

Annual property taxes

$1,025

Price History

07/13/2024
FMLS

FMLS #7412841

Price change
$549,000
-2.83%
07/05/2024
FMLS

FMLS #7412841

Price change
$565,000
-2.59%
06/28/2024
FMLS

FMLS #7412841

Listed
$580,000

Schools & Community

Neighborhood: 

Sylvan Hills

Elementary school: 

T. J. Perkerson

Middle school: 

Sylvan Hills

High school: 

Fulton - Other

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

$417,715
Asking price
$549,000
Closing costs (~8% of asking)
-$43,920
Est. remaining loan balance
-$87,365
Cash to seller
$417,715

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

Seller’s Loan History

Lender

Suntrust Mtg Inc

Loan start date

March 2005

Original loan amount

$157,578

Est. remaining balance

$87,365

Interest rate

5.57%

Loan type

VA, 30 year

Seller

Ribac, Valentina

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: 07/17/2024 at 1:50 AM

Listing updated: 07/16/2024 at 5:26 PM

Listed by: Kara Lyness, HomeSmart Phone #: (404) 876-4901

MLS: FMLS #7412841

FMLS logo

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