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$795,000

Beds
6
Baths
3.5
sq ft
3,692

1474 Briarcliff Rd NE, Atlanta, GA 30306

1474 Briarcliff Rd NE

Atlanta, GA 30306

  • 154 days on market
    • Price drop $54,000↓
1474 Briarcliff is located in the highly desired Historic Druid Hills community. If you have dreamed of living in a historic, convenient neighborhood with character and charm now is your opportunity. Size and Potential: With over 3000 square feet of space, the home offers ample room for customization. You can treat it as a blank slate which gives you the opportunity to personalize it according to your preferences. Investment Opportunity: The fact that the property is currently grandfathered to operate as an Airbnb offers an excellent investment opportunity. If you are an investor you can continue running it as a rental property and collect income from guests. Renovation Possibilities: Interested in making the property your primary residence, there's potential to renovate the 4 bedroom main level into a total open floor plan. Renovated bathrooms already in place as well as hardwood flooring adds to the appeal. Multi-Use Terrace Level: The two-bedroom terrace level with direct back yard access is complete with a full kitchen, sunroom, and man cave, opens up various possibilities. Leasing this level, while you live on the main level, for professionals working at nearby institutions like Emory University and CDC could be ideal. Private and Convenient: The circular driveway adds an element of convenience, and the oversized backyard is a rare find in the area, providing outdoor space for relaxation and activities. Flexibility: Overall, the property offers immense flexibility to suit different lifestyles and goals, whether that's continuing with short-term rentals, making it a permanent home, or combining personal use with rental income. There is so much flexibility with this property that it will be well worth your time seeing it. Please contact us to plan a showing!

Details

Property type

Single Family Residence

Est. home value

$983,329

Lot size

0.30 acres

Price per sq ft

$216

Year built

1949

Annual property taxes

$12,902

HOA

No

Price History

12/03/2024
FMLS

FMLS #7424960

Price change
$795,000
-6.36%
09/09/2024
FMLS

FMLS #7424960

Price change
$849,000
-2.97%
07/22/2024
FMLS

FMLS #7424960

Listed
$875,000
-9.33%

Schools & Community

Elementary school: 

Briar Vista

Middle school: 

Druid Hills

High school: 

Druid Hills

Community features: 

None

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

J & A Finance Llc

Loan start date

April 2011

Original loan amount

$110,000

Est. remaining balance

$0

Interest rate

12%

Loan type

Not Provided, 1 year

Seller

Marion A Brewer

Lender

First City Bank

Loan start date

September 2008

Original loan amount

$250,000

Est. remaining balance

$0

Interest rate

6.63%

Loan type

Not Provided, 1 year

Seller

Marion A Brewer

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: 12/23/2024 at 11:35 AM

Listing updated: 12/03/2024 at 6:40 AM

Listed by: Dianne Harnell Cohen, Atlanta Fine Homes Sotheby's International Phone #: (404) 237-5000

MLS: FMLS #7424960

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