tomo logo

$300,000

Beds
2
Baths
1.0
sq ft
1,120

2132 Penrose Dr, Atlanta, GA 30344

2132 Penrose Dr

East Point, GA 30344

  • 1 day on market
Welcome to this fully renovated 2 bedroom, 1 bath bungalow located in the vibrant East Point, GA. This charming home is ideal for both investors and first-time homebuyers, having been successfully used as an Airbnb/Corporate Rental. With NO HOA fees, the property offers a hassle-free investment or homeownership experience. Owner is open to LEASE for $2000/month The home comes fully furnished, including all linens, dishes, toiletries, and even fun extras like games-making it truly move-in or rental-ready. The open living and dining area invites you to enjoy a cozy, modern space with updated finishes. The beautifully remodeled kitchen features modern lighting and sleek countertops, ideal for both everyday living and entertaining. For added fun, there's a game room that comes complete with a basketball shootout and foosball, making it a hit for guests or family entertainment. Outside, enjoy a spacious front and back yard, perfect for outdoor activities or future landscaping ideas. There is also enough space in the backyard to build an ADU (Accessory Dwelling Unit) to generate additional rental income or create additional living space. This turnkey home offers both comfort and convenience in a desirable neighborhood, located within minutes to Hartsfield-Jackson Airport, Tyler Perry Studios, Historic College Park, Camp Creek Marketplace and more. Whether you're looking to purchase a home to utilize for Travel Nurses/Corporate Rentals/Airbnb or ready to purchase your first home in a revitalizing area of Atlanta, you don't want to miss this opportunity to own or invest in East Point!

Details

Property type

Single Family Residence

Est. home value

$276,968

Lot size

9,757 sq ft

Price per sq ft

$268

Year built

1945

Annual property taxes

$2,567

HOA

No

Price History

10/02/2024
FMLS

FMLS #7465858

Listed
$300,000
+22.45%
09/28/2022
FMLS

FMLS #7077926

Sold
$245,000
+993.75%
09/01/2011
FMLS

FMLS #4176758

Sold
$22,400

Schools & Community

Elementary school: 

Hamilton E. Holmes

Middle school: 

Paul D. West

High school: 

D. M. Therrell

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

$73,813
Asking price
$300,000
Closing costs (~8% of asking)
-$24,000
Est. remaining loan balance
-$202,187
Cash to seller
$73,813

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

September 2022

Original loan amount

$208,250

Est. remaining balance

$202,187

Interest rate

5.22%

Loan type

New Conventional, 30 year

Seller

Deketa Cobb and Keith Cobb

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: 10/05/2024 at 12:35 AM

Listing updated: 10/04/2024 at 8:06 AM

Listed by: Charlene Collier, Keller Williams Realty West Atlanta Phone #: (470) 907-8266

MLS: FMLS #7465858

FMLS logo

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