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$199,900

Beds
3
Baths
1.0
sq ft
Unknown

2386 Arno Ct NW, Atlanta, GA 30318

2386 Arno Ct NW

Atlanta, GA 30318

  • 166 days on market
    • Price drop $10,000↓
Excellent opportunity in the charming Carver Hills community. This recently renovated 3 bedroom and 1 bath house is in move in condition and would make a perfect option for INVESTORS, AIRBNB OWNERS, FIRST TIME HOME BUYERS, AND THOSE LOOKING TO DOWNSIZE. A wonderful bargain for a move-in ready house priced at just $199,900 in Atlanta city. The location of this property allows it to be purchased with Zero percent down payment. Financing is available offering as much as $10,000 in credit to qualified first time home buyers. This incentive is being offered by WELL FARGO Home Mortgage and several other lenders. The seller is willing to negotiate concessions including rate buydowns with your buyer. This is a unique opportunity for first time homeowners. The huge yard space makes the expansion of the home a wonderful option. The house has three bedrooms and one bath. A total renovation of the home was done recently therefore the new homeowners will not have to perform any major repairs to the property. The house is offered turnkey and ready to live in. This property is located in the city of Atlanta and is very close to the Proctor Creek Trail, Downtown, Midtown, the Beltline, Hartsfield Jackson Airport, and public transport. This house is Investor owned. NO HOA and NO RENTAL RESTRICTIONS. It is sold "As-Is" with a right to a full inspection. Agent family own this property. Some photos included in this listing are virtually staged. Preferred attorney is Campbell and Brannon LLC - Alpharetta.

Details

Property type

Single Family Residence

Est. home value

$221,620

Lot size

9,670 sq ft

Price per sq ft

Unknown

Year built

1960

Annual property taxes

$3,184

HOA

No

Price History

10/25/2024
FMLS

FMLS #7392893

Price change
$199,900
-4.76%
10/10/2024
FMLS

FMLS #7392893

Price change
$209,900
-2.33%
10/02/2024
FMLS

FMLS #7392893

Price change
$214,900
-0.97%

Schools & Community

Neighborhood: 

Carver Hills

Elementary school: 

Harper-Archer

Middle school: 

John Lewis Invictus Academy/Harper-Archer

High school: 

Frederick Douglass

Community features: 

Restaurant

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

$36,742
Asking price
$199,900
Closing costs (~8% of asking)
-$15,992
Est. remaining loan balance
-$147,166
Cash to seller
$36,742

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

Seller’s Loan History

Lender

Finance Of America Mortgage

Loan start date

December 2022

Original loan amount

$150,000

Est. remaining balance

$147,166

Interest rate

7.08%

Loan type

New Conventional, 30 year

Seller

Mwamba Andrea Deloris Elliott and Noel Mukonde Mwamba

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 12:45 PM

Listing updated: 10/25/2024 at 6:57 PM

Listed by: Noel Mwamba, Mwamba Realty Atlanta, LLC. Phone #: (914) 953-1380

MLS: FMLS #7392893

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