tomo logo

$218,900

Beds
3
Baths
2.0
sq ft
1,516

1438 Smithson Dr, Lithonia, GA 30058

1438 Smithson Dr

Lithonia, GA 30058

  • 50 days on market
    • Price drop $1,000↓
Great starter home or investment property! This 3 bedroom, 2 bathroom ranch-style home offers a spacious layout with plenty of potential. With a little TLC, this home could be transformed into a beautiful and functional living space. Needs some work: Bathrooms, Laundry closet, Paint, Carpet. Potential rental income: Estimated monthly rental income: $1,800, Estimated ARV: $280,000. Financing options available: Investor loans are available through preferred lenders. No personal credit or finances are required, the Loan is based on the property itself. Preferred Contractor if needed! Don't miss out on this amazing investment opportunity! Contact me today for more information.

Details

Property type

Single Family Residence

Est. home value

$252,168

Property condition

Fixer

Lot size

0.60 acres

Price per sq ft

$145

Year built

1975

Annual property taxes

$3,906.07

Price History

11/06/2024
GeorgiaMLS

GeorgiaMLS #10389433

Price change
$218,900
-0.45%
10/03/2024
GeorgiaMLS

GeorgiaMLS #10389433

Listed
$219,900
-12.04%
07/04/2024
FMLS

FMLS #7397217

Removed
$250,000

Schools & Community

Elementary school: 

Princeton

Middle school: 

Lithonia

High school: 

Lithonia

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

$12,334
Asking price
$218,900
Closing costs (~8% of asking)
-$17,512
Est. remaining loan balance
-$189,054
Cash to seller
$12,334

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

Seller’s Loan History

Lender

Clearedge Lending

Loan start date

January 2022

Original loan amount

$200,700

Est. remaining balance

$189,054

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Waylon Lamar Love

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: 11/22/2024 at 4:00 PM

Listing updated: 11/09/2024 at 5:25 AM

Listed by: April Hunter, Hunter International Realty

MLS: GeorgiaMLS #10389433

GeorgiaMLS logo

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