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$373,364Estimated home value

Beds
2
Baths
2.0
sq ft
2,000

1416 Memorial Dr SE, Atlanta, GA 30317

1416 Memorial Dr SE

Atlanta, GA 30317

  • Off market
    • Price drop $30,000↓
EXCELLENT DUPLEX OPPORTUNITY in the heart of walkable Atlanta! Both units in this charming rental property offer the perfect blend of comfort and convenience, ideal for those seeking a modern, city living experience. Upon entering, you'll be greeted by a bright and open living space that features large windows allowing natural light to flood in. The neutral color palette and contemporary design create a welcoming atmosphere for you to unwind and relax. The living area is spacious enough to accommodate a comfortable sofa, coffee table, and entertainment center, making it an inviting place to entertain or enjoy a quiet evening at home. The bedroom is a peaceful sanctuary, providing a tranquil escape from the hustle and bustle of the city. It offers nice closet space and can comfortably accommodate a queen-size bed, ensuring you have a restful night's sleep. Additional features of this rental include in-unit laundry facilities and off street private parking. Located in a sought-after neighborhood in Atlanta, this rental places you in close proximity to a plethora of dining, shopping, and entertainment options. The city's public transportation system is easily accessible, ensuring you can explore all that Atlanta has to offer. Centrally located duplex right across the street from Walker Park, blocks from El Tesoro restaurant and 1 mile to the Beltline. With its updated design, convenient location, and access to urban amenities, it's the perfect place to experience the excitement of city living.

Details

Property type

Single Family Residence

Est. home value

$373,364

Lot size

8,712 sq ft

Price per sq ft

$250

Year built

1925

Annual property taxes

$1,059

Price History

07/11/2024
FMLS

FMLS #7369559

Removed
$500,000
07/01/2024
FMLS

FMLS #7369559

Price change
$500,000
-5.66%
05/31/2024
FMLS

FMLS #7369559

Price change
$530,000
-3.64%

Schools & Community

Neighborhood: 

Edgewood

Elementary school: 

Fred A. Toomer

Middle school: 

Martin L. King Jr.

High school: 

Maynard Jackson

Community features: 

Park, Playground, Restaurant, Sidewalks, 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

$354,445
Asking price
$500,000
Closing costs (~8% of asking)
-$40,000
Est. remaining loan balance
-$105,555
Cash to seller
$354,445

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

Seller’s Loan History

Lender

Angel Oak Home Loans

Loan start date

February 2016

Original loan amount

$128,175

Est. remaining balance

$105,555

Interest rate

4.01%

Loan type

New Conventional, 30 year

Seller

Federico P Feldstein and Rebecca J Feldstein

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: Off Market

Tomo last checked: 10/05/2024 at 4:50 PM

Listing updated: 07/01/2024 at 3:02 PM

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

MLS: FMLS #7369559

FMLS logo

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