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$352,207Estimated home value

Beds
4
Baths
2.0
sq ft
1,973

1891 W Forrest Ave, Atlanta, GA 30344

1891 W Forrest Ave

Atlanta, GA 30344

  • Sold On 9/17/2024
    • Price drop $10,000↓
INVESTORS!! HERE IS THE DEAL YOU'RE LOOKING FOR!!! This large CAPE COD is a MUST SEE!! This home is one of the largest on the street and is PRICED TO SELL FAST!!! w/ a little TLC- est. Renovation costs of $50k, you'll be looking at an ARV of $460k!!! A neighboring home- 1859 W Forrest Ave- 3/3 SOLD in 4/2024 for $460k!! This home offers 4 bedrooms, 2 full baths, with the option of having the primary bedroom on the main OR second level. The lovely country kitchen has white cabinets, granite countertops, tiled backsplash, and laundry closet. Additional Features include- A Three Season Room, In-Law Suite with a separate entrance, Formal Dining Room, HUGE Private Backyard with firepit, and original hardwood floors, and single car garage! This home is ALSO an easy conversion to a DUPLEX, with the potential for generational living or an investor seeking an AMAZING ASSET! The home is centrally located in EAST POINT, ATLANTA- with quick access to AMAZING restaurants and parks; including SUMNER PARK that features a Dog Park, Playground, and the VELODROME BICYCLE RACING TRACK in walking distance. The public schools and Charter schools are within 1 mile from the property, 75/85 & 285- is accessible in a 2minute drive via HWY 166, a 7minute drive to The Mercedes Benz Stadium, and 12mins from Hartsfield Jackson Airport! ALSO, an easy commute to 7 Colleges, Fortune 500 Companies, and 5 MARTA Stations within a 5mile radius! This is an Excellent opportunity for an owner occupant or INVESTOR!! This location is very popular for MOVIE FILMING and EVENTS. This is an EXCELLENT OPPORTUNITY TO INVEST in advance of the 2026 WORLD CUP in ATLANTA!

Details

Property type

Single Family Residence

Est. home value

$352,207

Lot size

9,300 sq ft

Price per sq ft

$132

Year built

1941

Annual property taxes

$3,188

Price History

09/12/2024
FMLS

FMLS #7392811

Sold
$234,000
-9.58%
08/21/2024
FMLS

FMLS #7392811

Pending
$258,800
08/08/2024
FMLS

FMLS #7392811

Price change
$258,800
-3.72%

Schools & Community

Elementary school: 

Hamilton E. Holmes

Middle school: 

Paul D. West

High school: 

Tri-Cities

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

$184,702
Asking price
$258,800
Closing costs (~8% of asking)
-$20,704
Est. remaining loan balance
-$53,394
Cash to seller
$184,702

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 Lending Services

Loan start date

September 2014

Original loan amount

$67,500

Est. remaining balance

$53,394

Interest rate

4.12%

Loan type

New Conventional, 30 year

Seller

Amuleru-Marshall Omoleye

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: Off Market

Tomo last checked: 10/05/2024 at 9:40 PM

Listing updated: 09/18/2024 at 2:05 AM

Listed by: Dana Carter, EliteAtlanta Properties, LLC Phone #: (770) 820-3151

MLS: FMLS #7392811

FMLS logo

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