tomo logo

$1,110,000

Beds
5
Baths
4.0
sq ft
2,335

120 Howard St SE, Atlanta, GA 30317

120 Howard St SE

Atlanta, GA 30317

  • 6 days on market
2 homes in 1 offering unparalleled flexible living and income potential. 1 block from downtown Kirkwood restaurants! Perfect for families looking for intergenerational living, live in one unit and rent the other. Or an investor looking for a cash-flowing 2 unit property. The main house (Unit A) is a just renovated 3 bed 2 bath bungalow with original hardwood floors, open concept kitchen and 10 foot ceilings. It's currently a successful Airbnb. Furnishings and future bookings can stay with the property at an additional cost. Or all furniture can be removed and future bookings cancelled. Unit B is a new construction, 750 sf, 2 bed, 2 bath Accessory Dwelling Unit (ADU). The ADU is currently leased for $2,700 a month. Tenants would love to stay. The lease can also be terminated. In most cases, the rental amount counts towards your monthly income when applying for a loan. The units share a double-wide (20ft) driveway with parking for 4 cars. Huge corner lot that's 270 feet deep! There's room to add a third unit as a guest house or tiny house on wheels. Taxes do not include homestead exemption. Build generational wealth by purchasing a primary residence and income property at the same time with more favorable interest rates, taxes and insurance.

Details

Property type

Single Family Residence

Est. home value

$618,862

Lot size

0.29 acres

Price per sq ft

$476

Year built

2023

Annual property taxes

$8,518

HOA

No

Price History

01/16/2025
FMLS

FMLS #7510004

Listed
$1,110,000
-0.89%
12/06/2024
FMLS

FMLS #7478121

Removed
$1,120,000
11/14/2024
FMLS

FMLS #7478121

Price change
$1,120,000
-2.61%

Schools & Community

Neighborhood: 

Kirkwood

Elementary school: 

Fred A. Toomer

Middle school: 

Martin L. King Jr.

High school: 

Maynard Jackson

Community features: 

None

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

$544,692
Asking price
$1,110,000
Closing costs (~8% of asking)
-$88,800
Est. remaining loan balance
-$476,508
Cash to seller
$544,692

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

Seller’s Loan History

Lender

Boxcar Mortgage

Loan start date

March 2023

Original loan amount

$487,500

Est. remaining balance

$476,508

Interest rate

6.13%

Loan type

New Conventional, 30 year

Seller

Brittany Michelle Holcombe and David Matthew Holcombe

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?

Status: Active

Tomo last checked: 01/22/2025 at 8:00 AM

Listing updated: 01/18/2025 at 4:15 PM

Listed by: David Holcombe, Keller Knapp Phone #: (404) 370-0092

MLS: FMLS #7510004

FMLS logo

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