tomo logo

$425,000

Beds
2
Baths
2.5
sq ft
1,306

1365 Memorial Dr SE Unit 8, Atlanta, GA 30317

1365 Memorial Dr SE Unit 8

Atlanta, GA 30317

  • 1 day on market
Discover a rare opportunity in Edgewood with this 2-bedroom, 2.5-bath beautifully-maintained townhome—offering both a comfortable home and a smart investment. With no rental restrictions and Airbnb-friendly status, it’s ideal whether you're looking to settle in or take advantage of future rental income. Inside, over 1300 square feet of thoughtfully designed space features an open main level, perfect for both everyday living and entertaining. Low-maintenance luxury vinyl plank and hardwood flooring throughout as well as fresh paint and lighting create a modern, move-in-ready feel. Upstairs, both bedrooms offer ample natural light. The primary suite boasts vaulted ceilings and an en-suite bath, while the flexible second bedroom with en-suite works beautifully as a guest room, home office, or nursery. A 2-car tandem garage provides ample storage and parking. Located right next to beautiful Walker Park and just steps from neighborhood gems like Pure Quill Superette and El Tesoro, this home puts you right in the middle of Edgewood’s growth and charm. Best of all, it's priced well below its pre-listing appraisal, giving you instant equity at closing—a rare find in today’s market. Don’t miss out on this lovely and versatile home!

Details

Property type

Townhouse

Est. home value

$399,809

Lot size

871 sq ft

Price per sq ft

$326

Year built

2015

Annual property taxes

$4,012

Monthly HOA fee

$290

Price History

02/04/2025
FMLS

FMLS #7518711

Listed
$425,000
+112.61%
03/30/2016
FMLS

FMLS #5555705

Sold
$199,900

Schools & Community

Neighborhood: 

Edgewood

Elementary school: 

Fred A. Toomer

Middle school: 

Martin L. King Jr.

High school: 

Maynard Jackson

Community features: 

Park, Playground, Street Lights

Number of units in community: 

21

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

$255,477
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$135,523
Cash to seller
$255,477

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 America

Loan start date

September 2020

Original loan amount

$149,800

Est. remaining balance

$135,523

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Rebecca Kumar

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: 02/05/2025 at 9:05 AM

Listing updated: 02/04/2025 at 2:50 PM

Listed by: Jill Lutz, Keller Williams Realty Intown ATL Phone #: (404) 541-3500

MLS: FMLS #7518711

FMLS logo

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