tomo logo

$409,900

Beds
3
Baths
2.0
sq ft
1,650

1298 Gideons Dr SW, Atlanta, GA 30314

1298 Gideons Dr SW

Atlanta, GA 30314

  • 86 days on market
    • Price drop $9,100↓
Charming 3-Bedroom Home with Extra Room & Patio in Mozley Park, Atlanta – Rental Income Opportunity! Located in the heart of historic Mozley Park, this beautifully renovated 2021 home offers modern comforts with a classic touch. Boasting 3 spacious bedrooms, 2 full bathrooms, and an extra bonus room, perfect for a home office, guest room, or gym. Step into the open floor plan with fresh paint throughout, giving the home a bright and airy feel. The modern kitchen open concept features updated appliances and cabinetry, seamlessly flowing into the living area, perfect for entertaining. Relax on the private fenced-in patio, ideal for outdoor dining or a peaceful retreat. The property is a short walk to Mozley Park's green spaces and offers easy access to downtown Atlanta. Income Potential: Currently generating an average of $3,400 per month in rental income through Airbnb, making this an excellent investment opportunity. Key Features: 3 bedrooms + extra bonus room 2 full bathrooms Renovated in 2021 Freshly painted interior Fenced-in patio for outdoor enjoyment Located in vibrant Mozley Park Current rental income: $3,400/month Don’t miss out on this amazing opportunity to own a fully renovated, income-generating property in one of Atlanta’s most sought-after neighborhoods!

Details

Property type

Single Family Residence

Est. home value

$413,756

Property condition

Updated/Remodeled

Lot size

5,001 sq ft

Price per sq ft

$249

Year built

1940

Annual property taxes

$5,610

HOA

No

Price History

10/14/2024
FMLS

FMLS #7449657

Price change
$409,900
-2.17%
09/27/2024
FMLS

FMLS #7449657

Listed
$419,000
+310.78%
04/19/2019
FMLS

FMLS #6508914

Sold
$102,000
+1600%

Schools & Community

Neighborhood: 

Mozley Park

Elementary school: 

F.L. Stanton

Middle school: 

John Lewis Invictus Academy/Harper-Archer

High school: 

Frederick Douglass

Community features: 

Park, Restaurant, 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

$133,212
Asking price
$409,900
Closing costs (~8% of asking)
-$32,792
Est. remaining loan balance
-$243,896
Cash to seller
$133,212

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

Seller’s Loan History

Lender

Flagstar Bank

Loan start date

November 2020

Original loan amount

$268,000

Est. remaining balance

$243,896

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Christian Chotro

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 4:30 PM

Listing updated: 10/14/2024 at 12:26 AM

Listed by: Eduardo Rognoni, First United Realty, Inc. Phone #: (770) 650-2825

MLS: FMLS #7449657

FMLS logo

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