tomo logo

$249,900

Beds
4
Baths
1.0
sq ft
1,721

2018 Flat Shoals Rd SE, Atlanta, GA 30316

2018 Flat Shoals Rd SE

Atlanta, GA 30316

  • 27 days on market
    • Price drop $25,100↓
Seize this rare investment opportunity with a 4-sided brick property ripe for a full-scale renovation or a complete rebuild. Situated in a highly desirable area close to East Atlanta Village, this lot sits among a mix of beautifully renovated and newly constructed homes. The property itself is a substantial fixer-upper, presenting an exceptional chance for investors, builders, business owners, or homeowners aiming to gain instant equity. Positioned on a spacious lot with 75 feet of road frontage and partially zoned C-1, the potential for this property extends from residential revamps to commercial developments. The surrounding neighborhood consistently retains its value, fueled by ongoing renovations and new builds, making this a worthwhile investment. Located conveniently near I-20, East Lake, and EAV, opportunities like this are few and far between. This property is sold as-is, where-is, with no disclosures and no survey available. Bring your vision, your builders, and your contractors to transform this oversized lot into something remarkable. Owner may be willing to provide short term financing with 20% down payment.

Details

Property type

Single Family Residence

Est. home value

$308,513

Property condition

Fixer

Lot size

8,712 sq ft

Price per sq ft

$146

Year built

1949

Annual property taxes

$5,585

Price History

07/03/2024
FMLS

FMLS #7398624

Price change
$249,900
-9.13%
06/10/2024
FMLS

FMLS #7398624

Listed
$275,000
+66.67%
06/01/2022
GeorgiaMLS

GeorgiaMLS #20016113

Sold
$165,000

Schools & Community

Elementary school: 

Burgess-Peterson

Middle school: 

Martin L. King Jr.

High school: 

Maynard Jackson

Community features: 

Sidewalks, Street Lights

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Hvmt Capital

Loan start date

June 2022

Original loan amount

$165,000

Est. remaining balance

$0

Interest rate

5%

Loan type

New Conventional, 1 year

Seller

Resource Atl Llc

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: 07/07/2024 at 11:20 AM

Listing updated: 07/03/2024 at 2:26 PM

Listed by: Malhar Bhagat, Maximum One Executive Realtors Phone #: (770) 835-4311

MLS: FMLS #7398624

FMLS logo

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