tomo logo

$339,900

Beds
3
Baths
2.0
sq ft
Unknown

1547 Melrose Dr SW, Atlanta, GA 30310

1547 Melrose Dr SW

Atlanta, GA 30310

  • 32 days on market
    • Price drop $10,000↓
Charming 3BR/2BA Bungalow in Sylvan Hills! This cozy home features original hardwood floors, a welcoming family room with a fireplace, a well-appointed kitchen, and a separate dining room. The oversized master suite includes a private bath, while the covered side porch and rear deck provide great outdoor living spaces. Recent updates include a new roof, newer windows in the back of the home, and brand-new siding on the rear exterior. The fenced-in backyard offers privacy and includes a shed that can be converted into a stylish office or creative workspace. There's also ample space to add an ADU, making this property even more versatile. Ideally located just minutes from Monday Night Garage, the Beltline, and shopping at Trader Joe’s in Midtown (15 min) and Publix on Hank Aaron (10 min). Convenient to Hartsfield-Jackson Airport, shops, dining, and Tyler Perry Studios, this home offers endless potential—an excellent investment for Airbnb during the World Cup or a fantastic opportunity for a savvy homeowner. Bring your offers! Photos include virtual staging.

Details

Property type

Single Family Residence

Est. home value

$324,772

Lot size

7,501 sq ft

Price per sq ft

Unknown

Year built

1940

Annual property taxes

$5,162

HOA

No

Price History

03/31/2025
FMLS

FMLS #7531634

Price change
$339,900
-2.86%
02/27/2025
FMLS

FMLS #7531634

Listed
$349,900
-1.44%
12/05/2024
FMLS

FMLS #7474964

Removed
$355,000

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

$16,693
Asking price
$339,900
Closing costs (~8% of asking)
-$27,192
Est. remaining loan balance
-$296,015
Cash to seller
$16,693

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

$296,015

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?

Status: Active

Tomo last checked: 04/01/2025 at 6:20 AM

Listing updated: 03/31/2025 at 10:01 AM

Listed by: Kisha Key, Keller Williams Realty Atl Partners Phone #: (678) 252-1900

MLS: FMLS #7531634

FMLS logo

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