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$499,867Estimated home value

Beds
6
Baths
2.0
sq ft
2,591

1602 Langston Ave SW, Atlanta, GA 30310

1602 Langston Ave SW

Atlanta, GA 30310

  • Off market
Home will be relisted for lease. An amazing opportunity for a First-Time buyer looking to build equity or an investor looking to add a duplex to their portfolio with a tenant already in place. This spacious duplex home offers 3 beds and 1 bath for each unit. Bonus room/mud room at the back of the home with a single toilet. Extended yard space on the side of the home is perfect for a home garden or extending the home to make it larger. It is the largest lot in the area! New AC unit added in 2022, new heating added in 2021. Original hardwood floors, renovated kitchen, new paint, new appliances, and a remolded bathroom for Unit A. Support beams were added to the crawlspace and a new drainage system was added in 2024. Large parking area in the back of the property. Separate utilities for each unit. Walking distance to bus and Marta. Close to Beltline, major highways, airport, shopping, entertainment and so much more. This home can be converted back to a single-family unit. Welcome to your new home!

Details

Property type

Single Family Residence

Est. home value

$499,867

Lot size

0.46 acres

Price per sq ft

$213

Year built

1930

Annual property taxes

$7,269

Price History

07/18/2024
FMLS

FMLS #7381644

Removed
$550,000
04/23/2024
FMLS

FMLS #7381644

Listed
$550,000

Schools & Community

Neighborhood: 

Sylvan Hills

Elementary school: 

T. J. Perkerson

Middle school: 

Sylvan Hills

High school: 

Booker T. Washington

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

$363,050
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$142,950
Cash to seller
$363,050

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

Seller’s Loan History

Lender

Nation Star Mortgage

Loan start date

July 2023

Original loan amount

$150,000

Est. remaining balance

$142,950

Interest rate

5.75%

Loan type

New Conventional, 15 year

Seller

Michel Brathwaite

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: Off Market

Tomo last checked: 08/26/2024 at 11:55 PM

Listing updated: 07/10/2024 at 1:36 PM

Listed by: Sheena Smith, Platinum Access Phone #: (404) 250-9360

MLS: FMLS #7381644

FMLS logo

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