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$195,000

Beds
2
Baths
2.5
sq ft
1,160

1416 Stonegate Pt, Stone Mountain, GA 30083

1416 Stonegate Pt

Stone Mountain, GA 30083

  • 56 days on market
    • Price drop $5,000↓
Great tenants currently paying $1650/mo with lease ending October 2025. This freshly painted 2-bedroom, 2.5-bathroom townhome has a Brand NEW ROOF, NEW HVAC and Brand NEW WATER HEATER. It features a roommate floor plan, offers an abundance of conveniences, and has no rental restrictions. Open living, dining, and kitchen areas create an inviting space, perfect for relaxation and entertainment, complete with a cozy fireplace for those cooler evenings. Step outside to private enclosed back patio, a serene retreat with additional storage space for convenience. Nestled within a quiet community, you'll enjoy a peaceful atmosphere. The home's location is a commuter's dream, with easy access to major highways, including 78 and 285, as well as the nearby Georgia State Clarkston campus. Perfect for public transportation, you're just a short walk from a Marta stop. Don't miss the chance to build your investment portfolio in sought after Stone Mountain.

Details

Property type

Townhouse

Est. home value

$166,934

Lot size

1,263 sq ft

Price per sq ft

$169

Year built

1986

Annual property taxes

$2,327

HOA

No

Price History

11/02/2024
FMLS

FMLS #7463983

Price change
$195,000
-2.5%
09/30/2024
FMLS

FMLS #7463983

Listed
$200,000
+25.79%
09/11/2023
GeorgiaMLS

GeorgiaMLS #10192486

Sold
$159,000

Schools & Community

Elementary school: 

Stone Mill

Middle school: 

Stone Mountain

High school: 

Stone Mountain

Community features: 

Sidewalks, Street Lights

Number of units in community: 

1

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

$61,624
Asking price
$195,000
Closing costs (~8% of asking)
-$15,600
Est. remaining loan balance
-$117,776
Cash to seller
$61,624

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

Seller’s Loan History

Lender

Rocket Mortgage

Loan start date

September 2023

Original loan amount

$119,250

Est. remaining balance

$117,776

Interest rate

6.81%

Loan type

New Conventional, 30 year

Seller

Kehinde Balogun and Kolawole Balogun

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: 11/26/2024 at 2:55 AM

Listing updated: 11/14/2024 at 10:30 AM

Listed by: Amber Burns, Method Real Estate Advisors Phone #: (404) 476-8171

MLS: FMLS #7463983

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