tomo logo

$249,000

Beds
2
Baths
1.0
sq ft
910

198 Ponce de Leon Ave NE Unit 2A, Atlanta, GA 30308

198 Ponce de Leon Ave NE Unit 2A

Atlanta, GA 30308

  • 10 days on market
    • Price drop $12,000↓
Exceptional Midtown location! Just steps away from shops, restaurants, Piedmont Park, the Beltline, Ponce City Market, Trader Joes and more. This condo offers a fantastic layout with 2 spacious bedrooms, each featuring a spacious closet, a stylish & updated bathroom, a generous living room, and a separate dining room. The kitchen boasts stone countertops, ample cabinet space, opens to a large dining area as well as a private patio, ideal for gatherings and outdoor entertaining. With abundant natural light, this condo offers a cozy, quiet living experience in the heart of Atlanta. Nestled in a serene, gated community, The condo offers residents a large courtyard, gated parking lot, and Assigned, Deeded parking. The parking deck also features bike storage. Originally built in 1924 and added to the National Historic Register in 1999, The Massellton, a beloved Atlanta landmark, is a three-story mid-rise building located on Ponce de Leon Avenue between Piedmont Road and Myrtle Street. HOA fees cover basic cable, high-speed internet, water/ sewer, gas and exterior maintenance. Don't miss the chance to own a piece of Atlanta history in this rare, highly sought-after building!

Details

Property type

Condominium

Est. home value

$276,732

Lot size

915 sq ft

Price per sq ft

$274

Year built

1924

Annual property taxes

$4,274

HOA fee

$605

Price History

03/13/2025
FMLS

FMLS #7535353

Price change
$249,000
-4.6%
03/05/2025
FMLS

FMLS #7535353

Listed
$261,000
-2.25%
02/26/2025
FMLS

FMLS #7526760

Removed
$267,000

Schools & Community

Neighborhood: 

Midtown

Elementary school: 

Springdale Park

Middle school: 

David T Howard

High school: 

Midtown

Community features: 

Gated, Park, Restaurant, Sidewalks, Street Lights

Number of units in community: 

43

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

$171,067
Asking price
$249,000
Closing costs (~8% of asking)
-$19,920
Est. remaining loan balance
-$58,013
Cash to seller
$171,067

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

Seller’s Loan History

Lender

Fairway Independent Mortgage

Loan start date

June 2019

Original loan amount

$65,000

Est. remaining balance

$58,013

Interest rate

4.14%

Loan type

New Conventional, 30 year

Seller

Joannes Groeneveld and Mary Jo Groeneveld

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: 03/15/2025 at 10:25 PM

Listing updated: 03/13/2025 at 11:20 AM

Listed by: Jc Vina, Method Real Estate Advisors Phone #: (404) 476-8171

MLS: FMLS #7535353

FMLS logo

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