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$176,038Estimated home value

Beds
3
Baths
1.0
sq ft
1,042

2040 Penelope St NW, Atlanta, GA 30314

2040 Penelope St NW

Atlanta, GA 30314

  • Sold On 2/28/2024
Incredible investment opportunity in Atlanta! This 3-bedroom, 1-bathroom property boasts a recently updated interior, offering modern comfort and style. While the exterior may need some repairs, the potential for a fantastic return on investment is undeniable. Don’t miss out on this chance to invest in a promising property in a thriving location. NOTE: Principals of the seller may share ownership in a licensed real estate brokerage.

Details

Property type

Single Family Residence

Est. home value

$176,038

Lot size

0.43 acres

Price per sq ft

$159

Year built

1938

Annual property taxes

$2,460

Price History

03/22/2025
FMLS

FMLS #7433683

Removed
$249,900
12/12/2024
FMLS

FMLS #7433683

Price change
$249,900
-3.81%
10/29/2024
FMLS

FMLS #7433683

Price change
$259,800
-3.71%

Schools & Community

Neighborhood: 

Penelope Neighbors

Elementary school: 

Fulton - Other

Middle school: 

John Lewis Invictus Academy/Harper-Archer

High school: 

Frederick Douglass

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

$113,261
Asking price
$165,000
Closing costs (~8% of asking)
-$13,200
Est. remaining loan balance
-$38,539
Cash to seller
$113,261

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

Seller’s Loan History

Lender

Phh Mortgage

Loan start date

November 2016

Original loan amount

$47,250

Est. remaining balance

$38,539

Interest rate

3.42%

Loan type

New Conventional, 30 year

Seller

Reginald Berry

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: 04/02/2025 at 11:45 AM

Listing updated: 02/29/2024 at 7:04 AM

Listed by: Jennifer Isenberg, Padly Realty, LLC Phone #: (678) 730-0920

MLS: FMLS #7327007

FMLS logo

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