tomo logo

$350,000

Beds
3
Baths
3.0
sq ft
Unknown

240 W Lake Dr NW, Atlanta, GA 30314

240 W Lake Dr NW

Atlanta, GA 30314

  • 4 days on market
Welcome to this stunning, fully renovated brick ranch in the heart of the new West Atlanta! This huge 3-bedroom, 3-bathroom home sits on a quiet street offering both comfort and convenience. Step inside to find a spacious, well-cared-for interior featuring a massive owner's suite with an updated en-suite bath. You simply must see how LARGE the primary bedroom is! You will not be disappointed. The additional bedrooms are generously sized, perfect for family, guests, or a home office. The bright and airy living spaces showcase modern updates while maintaining classic charm such as the fireplace and original hardwood floors. The quality of hardwood floors far surpasses any cheap imitation such as LVP. This home also features a full basement with a brand-new bathroom, offering endless possibilities! Use it as an additional bedroom, recreation room, home gym, office, or any creative space you desire. The sky is the limit! Add a kitchen and create an In Law Suite or AirBNB. (Speaking of AirBNB, this was very profitable when operating!!!) Outside, enjoy a large front yard, a welcoming front deck, and a carport for easy parking. Nestled in the desirable Westlake area, this home provides quick access to I-20, I-285, and downtown Atlanta. You’ll love being near the Beltline West End, Westside Park, Mercedes Benz Stadium and Westlake Train Station, with Midtown, Camp Creek, and the city’s best amenities just minutes away. WELCOME HOME AGAIN! Don’t miss this incredible opportunity to own a beautifully updated home in a prime location! Schedule your tour today!

Details

Property type

Single Family Residence

Est. home value

$420,451

Lot size

8,838 sq ft

Price per sq ft

Unknown

Year built

1953

Annual property taxes

$3,293

HOA

No

Price History

03/26/2025
FMLS

FMLS #7547917

Listed
$350,000
+75.18%
06/04/2018
GeorgiaMLS

GeorgiaMLS #8333229

Sold
$199,800
+341.55%
09/30/2016
FMLS

FMLS #5737194

Sold
$45,250
+0.11%

Schools & Community

Neighborhood: 

West Lake

Elementary school: 

F.L. Stanton

Middle school: 

John Lewis Invictus Academy/Harper-Archer

High school: 

Frederick Douglass

Community features: 

Street Lights

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Civic Financial Services

Loan start date

December 2022

Original loan amount

$400,000

Est. remaining balance

Not provided

Interest rate

6.92%

Loan type

Commercial, 2 year

Seller

Dynasty Investment Group 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?

Status: Active

Tomo last checked: 03/31/2025 at 9:05 AM

Listing updated: 03/27/2025 at 10:35 AM

Listed by: Missy Derr, Engel & Volkers Atlanta Phone #: (404) 845-7724

MLS: FMLS #7547917

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