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$749,900

Beds
2
Baths
1.0
sq ft
1,900

175 Moreland Ave SE, Atlanta, GA 30316

175 Moreland Ave SE

Atlanta, GA 30316

  • <1 day on market
175 Moreland Ave sits on an incredible, highly visible location directly in the path of progress along the rapidly developing Memorial Drive and Moreland Ave corridors with traffic counts of +/-55,000 VPD (vehicles per day). The property benefits from an excellent location near local, regional and national retail, the Atlanta Beltline Eastside trail, Interstate 20, Moreland Avenue and easy access to/from many popular neighborhoods of Atlanta --Reynoldstown/Cabbagetown/Edgewood/L5P are just mere minutes away. It is presently zoned a desirable R-5 which allows the addition of an ADU, or redevelopment to a zero lot line duplex (refer to attached city ordinance on R5 permitted uses). Currently an active income-producing property - a short term rental and content creation studio; it would also make an amazing live/work building for a home-based business. With the neighboring lot already zoned a C-1, there should not be an issue to get this up-zoned to a commercial lot. For those with a vision for transformation, this property is the ideal canvas serving a versatile foundation for creative redevelopment, promising exciting avenues for future projects. Whether you choose to refurbish the existing layout or explore new possibilities, the opportunities are limitless. This property will be sold as-is where-is, presenting an opportunity for investors to shape its future according to their vision. Don't miss out.

Details

Property type

Single Family Residence

Est. home value

$607,616

Lot size

7,492 sq ft

Price per sq ft

$395

Year built

1930

Annual property taxes

$10,063

HOA

No

Price History

12/23/2024
FMLS

FMLS #7500703

Listed
$749,900
-0.01%
09/24/2024
GeorgiaMLS

GeorgiaMLS #10383240

Removed
$749,999
09/23/2024
GeorgiaMLS

GeorgiaMLS #10383240

Listed
$749,999
+53.06%

Schools & Community

Neighborhood: 

Reynoldstown

Elementary school: 

Burgess-Peterson

Middle school: 

Martin L. King Jr.

High school: 

Maynard Jackson

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

$280,449
Asking price
$749,900
Closing costs (~8% of asking)
-$59,992
Est. remaining loan balance
-$409,459
Cash to seller
$280,449

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

August 2021

Original loan amount

$441,000

Est. remaining balance

$409,459

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Rasool Dawan Malik

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: Active

Tomo last checked: 12/23/2024 at 8:05 PM

Listing updated: 12/23/2024 at 4:13 PM

Listed by: Fidie Ramli, ERA Foster & Bond Phone #: (404) 874-9094

MLS: FMLS #7500703

FMLS logo

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