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$225,000

Beds
2
Baths
1.0
sq ft
1,008

1780 Lee St, Decatur, GA 30035

1780 Lee St

Decatur, GA 30035

  • 53 days on market
This is a great opportunity for an investor to own two detached rental units on one property. The main house is a 2-bedroom, 1-bathroom unit, while the second unit is a 1-bedroom, 1-bathroom with a separate living room and kitchen. The property features a large yard with a standalone deck, perfect for entertaining. The property has 2 driveways and a carport with covered parking. Currently, the front house (2-bed, 1-bath) is rented at $1,350 per month, and the back unit is rented at $750 per month. The lease for front unit expires August 15, 2025 and for the back unit expire on May 31, 2025.

Details

Property type

Single Family Residence

Est. home value

$187,163

Lot size

8,712 sq ft

Price per sq ft

$224

Year built

1953

Annual property taxes

$2,794

Price History

08/30/2024
FMLS

FMLS #7448297

Listed
$225,000
+60.71%
09/30/2022
FMLS

FMLS #7108906

Sold
$140,000

Schools & Community

Elementary school: 

Canby Lane

Middle school: 

Mary McLeod Bethune

High school: 

Columbia

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

$168,258
Asking price
$225,000
Closing costs (~8% of asking)
-$18,000
Est. remaining loan balance
-$38,742
Cash to seller
$168,258

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

Seller’s Loan History

Lender

Bond Street Mtg Llc

Loan start date

May 2003

Original loan amount

$80,650

Est. remaining balance

$38,742

Interest rate

5.85%

Loan type

New Conventional, 30 year

Seller

Kromowintono, Shirley

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: 10/22/2024 at 6:15 PM

Listing updated: 09/01/2024 at 4:25 PM

Listed by: Eyob Teklu, BHGRE Metro Brokers Phone #: (404) 843-2500

MLS: FMLS #7448297

FMLS logo

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