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$385,900

Beds
5
Baths
6.5
sq ft
2,487

240 W Lake Ave NW, Atlanta, GA 30314

240 W Lake Ave NW

Atlanta, GA 30314

  • 106 days on market
    • Price drop $3,000↓
Features 5 bedrooms, 4 full baths, and 2 half baths. Modern fixtures, high-end tile, and quartz countertops in all bathrooms. Gleaming hardwood floors on the main level. Spacious living room with slate and cedar fireplace, separate dining room. Kitchen with breakfast bar, granite countertops, butcher block prep area, and built-in microwave. The large basement has vinyl plank flooring, space for a theater, a powder room, and a kitchenette. Potential for a separate income-generating 2-bedroom, 2.5-bath apartment. Don't miss out on this must-see home for discerning buyers.

Details

Property type

Single Family Residence

Est. home value

$214,583

Lot size

9,984 sq ft

Price per sq ft

$156

Year built

1954

Annual property taxes

$8,337

Price History

08/23/2024
FMLS

FMLS #7371428

Price change
$385,900
-0.77%
08/21/2024
FMLS

FMLS #7371428

Price change
$388,900
-0.26%
05/13/2024
FMLS

FMLS #7371428

Listed
$389,900
+254.45%

Schools & Community

Neighborhood: 

West Lake

Elementary school: 

Woodson Park Academy

Middle school: 

John Lewis Invictus Academy/Harper-Archer

High school: 

Frederick Douglass

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

$214,339
Asking price
$385,900
Closing costs (~8% of asking)
-$30,872
Est. remaining loan balance
-$140,689
Cash to seller
$214,339

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 Commercial

Loan start date

September 2021

Original loan amount

$150,000

Est. remaining balance

$140,689

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

A Piece Of Cake Rentals Llc

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: 08/27/2024 at 1:30 AM

Listing updated: 08/23/2024 at 4:45 AM

Listed by: Kristen Lawson, Pulliam Real Estate, LLC Phone #: (404) 496-0474

MLS: FMLS #7371428

FMLS logo

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