tomo logo

$355,000

Beds
3
Baths
2.0
sq ft
1,222

1547 Melrose Dr SW, Atlanta, GA 30310

1547 Melrose Dr SW

Atlanta, GA 30310

  • 31 days on market
    • Price drop $35,000↓
100% financing is available with no down payment and no mortgage insurance! Lease Purchase and Owner financing available as well! This beautifully updated home offers a spacious and bright 3-bedroom, 2-bathroom layout with refinished hardwoods on the main level. The modern kitchen features granite countertops and stainless steel appliances, perfect for those who love to cook. Upstairs, the expansive owner’s suite includes a walk-in closet and a luxurious full bath with a double sink vanity. Relax on the cozy side porch and enjoy the peaceful surroundings of this up-and-coming neighborhood. Make your move today and turn this perfect-for-you home into your reality! For details on this exceptional financing, reach out to Kelvin Goodwin at United Community Mortgage. This home is a fantastic opportunity to settle in and make it your own!

Details

Property type

Single Family Residence

Est. home value

$324,772

Property condition

Updated/Remodeled

Lot size

7,492 sq ft

Price per sq ft

$291

Year built

1940

Annual property taxes

$3,963

HOA

No

Price History

10/28/2024
FMLS

FMLS #7474964

Price change
$355,000
-8.97%
10/21/2024
FMLS

FMLS #7474964

Listed
$390,000
+21.91%
01/27/2023
FMLS

FMLS #7115326

Sold
$319,900
+255.84%

Schools & Community

Neighborhood: 

Sylvan Hills

Elementary school: 

T. J. Perkerson

Middle school: 

Sylvan Hills

High school: 

G.W. Carver

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

$28,983
Asking price
$355,000
Closing costs (~8% of asking)
-$28,400
Est. remaining loan balance
-$297,617
Cash to seller
$28,983

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

Seller’s Loan History

Lender

Homestar Financial

Loan start date

January 2023

Original loan amount

$303,905

Est. remaining balance

$297,617

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Bethsheba Abeni Rem

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?

Similar Homes Nearby

FMLS
$365,000
3 bd
|
2 ba
|
1,590 sq ft
|
House

1700 Hadlock St SW, Atlanta, GA 30311

Price drop
FMLS
$330,000
3 bd
|
2 ba
|
1,200 sq ft
|
House

1268 Ladd St SW, Atlanta, GA 30310

FMLS
$319,000
3 bd
|
2 ba
|
1,334 sq ft
|
House

916 Cascade Rd SW, Atlanta, GA 30311

Status: Active

Tomo last checked: 11/21/2024 at 11:25 PM

Listing updated: 11/01/2024 at 4:10 AM

Listed by: Marcus Clark, Family Value Realty, LLC. Phone #: (888) 313-2645

MLS: FMLS #7474964

FMLS logo

Recently listed in Atlanta

$820,000|5 bd|3.0 ba|House
$538,880|5 bd|3.0 ba|House
$375,000|2 bd|1.5 ba|Condo
$285,000|1 bd|1.0 ba|Condo
$400,000|3 bd|2.0 ba|House
$1,395,000|6 bd|6.5 ba|House
$400,000|3 bd|2.5 ba|Condo
$287,000|3 bd|1.0 ba|House
$199,900|3 bd|1.0 ba|House