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$850,000

Beds
4
Baths
4.0
sq ft
2,949

1553 Johnson Rd NE, Atlanta, GA 30306

1553 Johnson Rd NE

Atlanta, GA 30306

  • 64 days on market
    • Price drop $49,850↓
Charming Red Brick Tudor in Morningside – A Unique Duplex with Endless Potential, Welcome to 1553 Johnson Road NE, a classic red brick Tudor in the sought-after Morningside neighborhood. This legal duplex, formerly operated as a non-conforming triplex, brims with character and endless possibilities. The property features two separate apartments on the main level and a fully independent unit upstairs. The two main-level apartments offer unique layouts. One is a cozy one-bedroom, one-bathroom unit with a spacious eat-in kitchen and direct access to the lower terrace level laundry area and basement storage. The second unit features two bedrooms, two bathrooms, a living room, a dining room, an enclosed porch, and kitchen access to shared laundry and storage space. Both kitchens are in mid-renovation and ready to be completed with minimal effort. The upstairs unit is a bright two-bedroom, one-bathroom apartment with a living room and sunroom overlooking lush trees, offering a serene escape. The clean and spacious lower terrace level houses the laundry and storage area, with potential for conversion into additional living space. Additionally, the property includes a two-car garage with ample parking and turnaround space. If converted into a single-family home, the new owner has the opportunity to transform the garage into a new structure with an accessory dwelling unit (ADU) above, per city approval (buyer to verify). All three units are currently unoccupied, allowing for various customization options. Whether you envision converting this home back into a grand single-family residence, maintaining it as a duplex, or exploring rental opportunities, this property is rich in potential. Nestled near the vibrant Morningside area, this home is ideally situated near Atlanta’s best shopping, dining, and recreational destinations, including the Beltline, Piedmont Park, and the Morningside Nature Preserve. It also falls within the desirable Morningside school district and a short stroll to Morningside shopping area. Discover the charm and versatility of this timeless Morningside gem and make it your own!

Details

Property type

Single Family Residence

Est. home value

$1,067,047

Lot size

0.26 acres

Price per sq ft

$289

Year built

1927

Annual property taxes

$9,189

HOA

No

Price History

10/31/2024
FMLS

FMLS #7447986

Price change
$850,000
-5.54%
09/05/2024
FMLS

FMLS #7447986

Listed
$899,850
-9.56%
08/21/2024
FMLS

FMLS #7427409

Removed
$995,000

Schools & Community

Neighborhood: 

Morningside - Lenox Park

Elementary school: 

Morningside-

Middle school: 

David T Howard

High school: 

Midtown

Community features: 

Park, Sidewalks, Street Lights

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

$222,676
Asking price
$850,000
Closing costs (~8% of asking)
-$68,000
Est. remaining loan balance
-$559,324
Cash to seller
$222,676

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

Seller’s Loan History

Lender

Shelter Home Mortgage

Loan start date

December 2021

Original loan amount

$595,000

Est. remaining balance

$559,324

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

Patrick Kadian

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: 11/08/2024 at 10:50 AM

Listing updated: 11/03/2024 at 5:15 PM

Listed by: Ken Kraften, RE/MAX Metro Atlanta Cityside Phone #: (404) 371-4419

MLS: FMLS #7447986

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