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$259,800

Beds
2
Baths
2.0
sq ft
Unknown

2040 Penelope St NW, Atlanta, GA 30314

2040 Penelope St NW

Atlanta, GA 30314

  • 86 days on market
    • Price drop $10,000↓
Beautifully UPGRADED single-family home set on nearly HALF AN ACRE lot, the lot provides plenty of room for expansion or outdoor living spaces. Located in Atlanta's dynamic Westside. This concrete block gem has been thoughtfully updated with a NEW ROOF and a cutting-edge TANKLESS water heater. Inside, you'll find a spacious 2-bedroom, 2-bathroom split layout featuring all-new flooring (There is living space that could be turn into a third bedroom). The kitchen is a highlight, showcasing elegant white cabinets and stunning GRANITE countertops. Both bathrooms have been fully updated with contemporary fixtures and finishes. The generous living and dining areas provide a perfect setting for relaxation and entertaining, making this home as functional as it is stylish. The surrounding neighborhood is experiencing significant growth, with new and renovated homes enhancing the area’s appeal. Located just minutes from downtown Atlanta, you’ll have easy access to a wealth of entertainment, dining, and cultural options. This home offers a unique combination of classic charm, modern upgrades, and a prime location. Don’t miss out on this exceptional opportunity! No HOA, no rental restrictions

Details

Property type

Single Family Residence

Est. home value

$176,038

Property condition

Updated/Remodeled

Lot size

0.43 acres

Price per sq ft

Unknown

Year built

1938

Annual property taxes

$2,460

HOA

No

Price History

10/29/2024
FMLS

FMLS #7433683

Price change
$259,800
-3.71%
10/22/2024
FMLS

FMLS #7433683

Price change
$269,800
-1.71%
08/09/2024
FMLS

FMLS #7433683

Listed
$274,500
+100.36%

Schools & Community

Neighborhood: 

Penelope Neighbors

Elementary school: 

Woodson Park Academy

Middle school: 

John Lewis Invictus Academy/Harper-Archer

High school: 

Fulton - Other

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

$199,980
Asking price
$259,800
Closing costs (~8% of asking)
-$20,784
Est. remaining loan balance
-$39,036
Cash to seller
$199,980

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

$39,036

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: Active

Tomo last checked: 11/03/2024 at 8:25 AM

Listing updated: 11/02/2024 at 4:45 PM

Listed by: Graciela Boeri Quinteros, LoKation Real Estate, LLC Phone #: (404) 348-0420

MLS: FMLS #7433683

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