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$174,000

Beds
3
Baths
1.0
sq ft
Unknown

1551 Ferno Dr NW, Atlanta, GA 30318

1551 Ferno Dr NW

Atlanta, GA 30318

  • 7 days on market
Welcome to this beautifully reconstructed 3-bedroom, 1-bathroom home located in one of Atlanta’s most exciting up-and-coming neighborhoods. Completely rebuilt from the ground up in 2014, this home is a solid one to add to your portfolio. Key Features: 3 Bedrooms, 1 Bathroom: Perfectly laid out for comfort and privacy. New Vinyl Flooring: Freshly installed throughout the home, offering durability and a modern aesthetic. Walk-out Basement: A fantastic opportunity to finish the lower level to your taste. Ideal for creating a separate income suite, additional living space, or a family game room. The potential is endless! Reconstructed in 2014: New construction quality and updates provide peace of mind with a solid foundation and modern systems. Prime Location: Situated in one of Atlanta’s rapidly developing areas, providing great potential for future value appreciation. Privacy fence - all around house with a very large backyard for pets or family gatherings. Tenant in property is in every way the kind of tenant every landlord prays for. He has been there for years and would like to remain but is ok if given a few months' notice. This home offers versatility and future opportunity. Don't miss your opportunity to explore the potential of this lovely property! Viewing with an accepted offer, during due diligence. please do not drive by. No sign on property

Details

Property type

Single Family Residence

Est. home value

$228,948

Lot size

8,294 sq ft

Price per sq ft

Unknown

Year built

1960

Annual property taxes

$2,915

HOA

No

Price History

01/05/2025
FMLS

FMLS #7504425

Listed
$174,000
-10.31%
11/01/2023
GeorgiaMLS

GeorgiaMLS #10205491

Removed
$194,000
09/20/2023
GeorgiaMLS

GeorgiaMLS #10205491

Listed
$194,000

Schools & Community

Neighborhood: 

Lincoln Homes

Elementary school: 

Fulton - Other

Middle school: 

Fulton - Other

High school: 

Fulton - Other

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

$53,504
Asking price
$174,000
Closing costs (~8% of asking)
-$13,920
Est. remaining loan balance
-$106,576
Cash to seller
$53,504

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

Seller’s Loan History

Lender

Finance Of America Mortgage

Loan start date

July 2022

Original loan amount

$110,600

Est. remaining balance

$106,576

Interest rate

5.09%

Loan type

New Conventional, 30 year

Seller

International Homes Llc

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: 01/12/2025 at 9:50 PM

Listing updated: 01/07/2025 at 6:10 AM

Listed by: Esiri Ohimor, Realty Hub of Georgia, LLC Phone #: (888) 900-1801

MLS: FMLS #7504425

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