tomo logo

$320,000

Beds
4
Baths
2.0
sq ft
2,648

2279 Columbia Dr, Decatur, GA 30032

2279 Columbia Dr

Decatur, GA 30032

  • 3 days on market
2279 Columbia Dr is a high-performing rental with in-place tenants generating strong cash flow at a 10% cap rate (approximate based on $2600-2700 monthly NOI). Decatur is a growing market with strong rental demand, and this location offers easy access to highways 20 and 285. The home is recently updated to maximize rental value. As a corner lot, it has potential pull behind driveway expansion possibilities. Past financials and pro-forma projections available in documents on Matrix. DO NOT DISTURB TENANTS. No showings until under contract to protect the privacy of the tenants. Investor-owned, no seller property disclosures provided.

Details

Property type

Single Family Residence

Est. home value

$320,941

Property condition

Updated/Remodeled

Lot size

0.35 acres

Price per sq ft

$121

Year built

1959

Annual property taxes

$5,430

HOA

No

Price History

11/01/2024
FMLS

FMLS #7479326

Listed
$320,000
+23.08%
06/25/2021
FMLS

FMLS #6871674

Sold
$260,000
+58.54%
09/14/2018
FMLS

FMLS #6030512

Sold
$164,000
+389.55%

Schools & Community

Elementary school: 

Columbia

Middle school: 

Columbia - Dekalb

High school: 

Columbia

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

$117,388
Asking price
$320,000
Closing costs (~8% of asking)
-$25,600
Est. remaining loan balance
-$177,012
Cash to seller
$117,388

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

Seller’s Loan History

Lender

United Wholesale

Loan start date

July 2021

Original loan amount

$190,400

Est. remaining balance

$177,012

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

David Melton and Jennifer M Melton

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: 11/04/2024 at 3:50 PM

Listing updated: 11/02/2024 at 8:05 AM

Listed by: Aaron Shoemaker, CPM Partners, LLC Phone #: (850) 602-6842

MLS: FMLS #7479326

FMLS logo

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