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$315,000

Beds
3
Baths
2.0
sq ft
1,532

1582 Mims St SW, Atlanta, GA 30314

1582 Mims St SW

Atlanta, GA 30314

  • 75 days on market
Attention investors! I'm excited to present a remarkable opportunity at 1582 Mims Street, located in the historic and vibrant Mozley Park neighborhood. This property, which has recently been utilized as a successful Airbnb and Section 8 rental, stands out as a solid investment with both immediate and long-term potential. The location couldn't be more ideal-offering quick access to major points of interest such as I-20, Hartsfield-Jackson Airport, Mercedes-Benz Stadium, Centennial Park, Georgia Tech, Best End Brewing, and the Westside Beltline. With Atlanta's top attractions just minutes away, this property is perfectly positioned for high rental demand and appreciation. Featuring a spacious layout with 3 bedrooms and 2 full baths, this property offers ample opportunity for renovation and customization to maximize its value. The surrounding area is undergoing significant development, adding to its investment potential and future growth prospects. I invite you to bring your General Contractor and Home Inspector to explore the exciting possibilities this property offers. Don't miss out on this chance to invest in a dynamic and evolving neighborhood. Schedule a viewing and make this opportunity yours!

Details

Property type

Single Family Residence

Est. home value

$270,269

Lot size

7,492 sq ft

Price per sq ft

$206

Year built

1930

Annual property taxes

$4,696

Price History

08/22/2024
FMLS

FMLS #7443128

Listed
$315,000
+3050%
04/14/2009
FMLS

FMLS #3712062

Sold
$10,000

Schools & Community

Neighborhood: 

Mozley Park

Elementary school: 

F.L. Stanton

Middle school: 

John Lewis Invictus Academy/Harper-Archer

High school: 

Frederick Douglass

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

$156,695
Asking price
$315,000
Closing costs (~8% of asking)
-$25,200
Est. remaining loan balance
-$133,105
Cash to seller
$156,695

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

Seller’s Loan History

Lender

Alcova Mortgage

Loan start date

April 2021

Original loan amount

$144,000

Est. remaining balance

$133,105

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Nguyen Le

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: 11/05/2024 at 10:35 AM

Listing updated: 09/08/2024 at 6:58 AM

Listed by: Tommy Nguyen, Berkshire Hathaway HomeServices Georgia Properties Phone #: (770) 475-0505

MLS: FMLS #7443128

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