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$2,399,000

Beds
3
Baths
2.5
sq ft
3,962

11 Demorest Ave NE, Atlanta, GA 30305

11 Demorest Ave NE

Atlanta, GA 30305

  • 258 days on market
    • Price drop $351,000↓
Charming totally renovated home in Atlanta's favorite in town location overlooking the picturesque Duckpond!! Beautifully decorated and move in ready!! Comfortable living spaces include a large fireside family room off the kitchen, living room, small library, dining room and screen porch off of the front porch. Primary fireside bedroom on main opens to the outside for easy access to the pool and hot tub. Two guest bedrooms are located upstairs with one full bath and an office space. There is one basement room that is finished, located below the small library, and the rest is unfinished. I love the covered front porch overlooking the Duckpond as well as all the beautiful trim work which adds to the charm. I can't imagine a more idyllic location!! And there is a large vaulted covered carport on the back with access into the kitchen. This is really a special property!!

Details

Property type

Single Family Residence

Est. home value

$1,951,586

Property condition

Updated/Remodeled

Lot size

0.30 acres

Price per sq ft

$606

Year built

1917

Annual property taxes

$15,514

HOA

No

Price History

08/01/2024
FMLS

FMLS #7365011

Price change
$2,399,000
-12.76%
04/15/2024
FMLS

FMLS #7365011

Listed
$2,750,000
04/12/2024
FMLS

FMLS #7365011

Pending
$2,750,000

Schools & Community

Neighborhood: 

Peachtree Heights East

Elementary school: 

Garden Hills

Middle school: 

Willis A. Sutton

High school: 

North Atlanta

Community features: 

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

$1,723,982
Asking price
$2,399,000
Closing costs (~8% of asking)
-$191,920
Est. remaining loan balance
-$483,098
Cash to seller
$1,723,982

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

Seller’s Loan History

Lender

Bank Of New York Mellon

Loan start date

June 2018

Original loan amount

$750,000

Est. remaining balance

$483,098

Interest rate

4.01%

Loan type

New Conventional, 15 year

Seller

John L Connolly

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 12:50 PM

Listing updated: 12/03/2024 at 6:40 AM

Listed by: Betsy Akers, Atlanta Fine Homes Sotheby's International Phone #: (404) 237-5000

MLS: FMLS #7365011

FMLS logo

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