tomo logo

$224,000

Beds
8
Baths
2.0
sq ft
1,551

2002 Marbut Forest Dr, Lithonia, GA 30058

2002 Marbut Forest Dr

Lithonia, GA 30058

  • 19 days on market
    • Price drop $11,000↓
This occupied furnished rental is ideal for the savvy investor. Strong rental income, it is currently grossing $2900 per month on average, with some months earning over $4000. Powered by PadSplit, this occupied rental is a workforce housing solution that not only helps members save money and live closer to work but provides a great investment for its owner. All members are professionally screened by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution.

Details

Property type

Single Family Residence

Est. home value

$224,968

Lot size

8,712 sq ft

Price per sq ft

$145

Year built

1987

Annual property taxes

$4,039

HOA

No

Price History

11/07/2024
FMLS

FMLS #7472600

Price change
$224,000
-4.68%
10/24/2024
FMLS

FMLS #7472600

Listed
$235,000
+42.42%
08/05/2021
GeorgiaMLS

GeorgiaMLS #9008998

Sold
$165,000

Schools & Community

Elementary school: 

Panola Way

Middle school: 

Redan

High school: 

Miller Grove

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

$141,753
Asking price
$224,000
Closing costs (~8% of asking)
-$17,920
Est. remaining loan balance
-$64,327
Cash to seller
$141,753

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

Seller’s Loan History

Lender

Sun America Mtg/Va

Loan start date

March 2005

Original loan amount

$118,700

Est. remaining balance

$64,327

Interest rate

5.67%

Loan type

VA, 30 year

Seller

Walther Thurman and Regina Thurman

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: 11/12/2024 at 5:35 PM

Listing updated: 11/07/2024 at 10:40 AM

Listed by: Josh Stanton, Keller Williams Realty Metro Atlanta Phone #: (404) 564-5560

MLS: FMLS #7472600

FMLS logo

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