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$125,000

Beds
3
Baths
2.0
sq ft
1,292

2201 Fairington Village Dr, Lithonia, GA 30038

2201 Fairington Village Dr

Lithonia, GA 30038

  • 29 days on market
    • Price drop $4,900↓
A spacious second-floor apartment in a chill neighborhood, with three beds and two full bathrooms - recently updated and move-in ready. A stone's throw away is the I-20, which'll get you to The Perimeter in about… 5 minutes. Even closer, a shopping epicenter with a Walmart, Lowe's, Publix, Walgreens, banks, and every pop-on-through food place you can think of. But you wouldn't know that when you're inside 2201 Fairington Village. It's quiet, easy, and hits that sweet spot of lovingly maintained, move-in-ready turnkey, and *still* under $130k. "Second building; up the stairs, door is on the left," is what you'll text to people coming over. The parking lot is right there, which is super convenient and manageable - plenty of space for guests. The backdrop of old-growth trees out the window creates a sense of privacy — something valued by the easy-going, neighbor-centric community already living here. Faux wood floors extend through the common area, including the oversized living room, partitioned dining area, and galley-style kitchen. Hallmarks of late-century modularity that are immediately comfortable while always being amenable to whatever aesthetic alterations the imagination might want to implement. Down the hall, three beds and two baths. The primary suite, with its ensuite, the two beds at the end of the hall share a bathroom: tubs all around and plenty of closet space for storage. A small family will be right at home, with plenty of footage aside for a dedicated home office. You know this apartment. You've lived in a floor plan similar to this one before or, at least, have visited one. That ideal, human-centric design maintains a sleep-tight-at-night neighborhood feel while still being close to everything. For a first-time homebuyer, it's a slam dunk; for an investor, you'll never be short a long-term tenant. Or, for a first-time homeowner-turned-investor, after a few years… a little bit of both. Whatever the case, the new owner of 2201 will plant some roots here because you could not get a better design for your long-term use. So, if you're a ready-to-act buyer, call your agent today and submit your best offer because homes of this caliber at this price remain rare in this evolving market.

Details

Property type

Condominium

Est. home value

$119,984

Lot size

1,220 sq ft

Price per sq ft

$97

Year built

2004

Annual property taxes

$1,384

Monthly HOA fee

$280

Price History

10/23/2024
FMLS

FMLS #7468210

Price change
$125,000
-3.77%
10/10/2024
FMLS

FMLS #7468210

Listed
$129,900

Schools & Community

Elementary school: 

Fairington

Middle school: 

Salem

High school: 

Martin Luther King Jr

Community features: 

Sidewalks

Number of units in community: 

84

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

$58,601
Asking price
$125,000
Closing costs (~8% of asking)
-$10,000
Est. remaining loan balance
-$56,399
Cash to seller
$58,601

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

Seller’s Loan History

Lender

National Cty Mtg

Loan start date

January 2006

Original loan amount

$94,500

Est. remaining balance

$56,399

Interest rate

6.37%

Loan type

New Conventional, 30 year

Seller

Errin Maddox

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: 11/08/2024 at 9:45 PM

Listing updated: 10/23/2024 at 9:50 AM

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

MLS: FMLS #7468210

FMLS logo

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