tomo logo

$400,000

Beds
4
Baths
2.5
sq ft
Unknown

1585 Archer St SW, Atlanta, GA 30314

1585 Archer St SW

Atlanta, GA 30314

  • 73 days on market
    • Price drop $5,000↓
Welcome to this newly renovated top-notch cozy ranch home, nestled in a quiet and friendly NO HOA community in the heart of Atlanta. Step majestically into this open concept beauty with tons of upgrades. The home features spacious four bedrooms and two & half bathrooms. Hardwood floor all through the house, new interior paint. The living room overlooks the chef kitchen that boasts of stainless steel appliances and cabinets for storage. Enjoy your evenings in a large private fenced backyard. Close to dining, restaurant, shopping center, cinema, schools and transportation. Located near the Beltline, with multiple entrances in the neighborhood and a beautiful neighborhood garden. You can be on the Interstate quickly, minutes Downtown Atlanta, shops, restaurants, GA Aquarium, High Museum of Art, Mercedes Benz Stadium, & Centennial Park. Property is priced to sell! Don't miss it!!

Details

Property type

Single Family Residence

Est. home value

$415,532

Property condition

Updated/Remodeled

Lot size

7,349 sq ft

Price per sq ft

Unknown

Year built

1942

Annual property taxes

$6,238

HOA

No

Price History

10/31/2024
FMLS

FMLS #7450031

Price change
$400,000
-1.23%
10/22/2024
FMLS

FMLS #7450031

Price change
$405,000
-4.71%
09/30/2024
FMLS

FMLS #7450031

Price change
$425,000
-1.16%

Schools & Community

Neighborhood: 

Mozley Park

Elementary school: 

F.L. Stanton

Middle school: 

Fulton - Other

High school: 

Booker T. Washington

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

$77,260
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$290,740
Cash to seller
$77,260

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

Seller’s Loan History

Lender

Clearedge Lending

Loan start date

July 2022

Original loan amount

$301,000

Est. remaining balance

$290,740

Interest rate

5.25%

Loan type

New Conventional, 30 year

Seller

Infothink 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: 11/22/2024 at 6:10 AM

Listing updated: 11/11/2024 at 9:35 AM

Listed by: Olutoberu Akinleye, Keller Williams Realty Atlanta Partners Phone #: (678) 775-2600

MLS: FMLS #7450031

FMLS logo

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