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$861,016Estimated home value

Beds
4
Baths
3.0
sq ft
3,192

2464 E Tupelo St SE, Atlanta, GA 30317

2464 E Tupelo St SE

Atlanta, GA 30317

  • Off market
You could build your dream house right here on this rare huge intown lot of 1.6 acres. Owner lives in this house now. Perfect investment opportunity for someone that wants to live in or rent out this house & eventually develop the land OR just hold it & eventually sell this 1.6 acre land tract of potentially (5) five contiguous R-75 lots to a developer for a nice profit. Bring your developers!! Rare intown development opportunity of multiple contiguous units with even more land assemblage possibilities!! This is a wonderful redevelopment opportunity for much higher density, high end, in-town housing. NO REZONING REQUIRED in order to do a "Subdivision Re-plat" for five (5) R-75 lots here. PRICED AT JUST $180k PER LOT !!! Ideally located in unincorporated Deklab County just outside City of Atlanta limits and near East lake & City of Decatur. New Construction houses will sell in the mid 700's - plenty of comps to support this. Great area just north-east of Memorial Drive & Candler Road. See photos for survey, road concept plan, aerial, plat, topo map, zoning map, & R-75 zoning regulations. Possible assemblage opportunities here as well for an even larger development.

Details

Property type

Single Family Residence

Est. home value

$861,016

Lot size

1.60 acres

Price per sq ft

$266

Year built

1962

Annual property taxes

$4,886

Price History

08/09/2024
FMLS

FMLS #7258428

Removed
$849,000
08/08/2023
FMLS

FMLS #7258428

Listed
$849,000

Schools & Community

Elementary school: 

Avondale

Middle school: 

Druid Hills

High school: 

Druid Hills

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

$559,894
Asking price
$849,000
Closing costs (~8% of asking)
-$67,920
Est. remaining loan balance
-$221,186
Cash to seller
$559,894

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

August 2016

Original loan amount

$269,091

Est. remaining balance

$221,186

Interest rate

3.42%

Loan type

New Conventional, 30 year

Seller

Tony Broughton

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: Off Market

Tomo last checked: 10/05/2024 at 4:25 PM

Listing updated: 04/17/2024 at 1:07 AM

Listed by: John Hammontree, Hammontree Realty, LLC. Phone #: (678) 508-8326

MLS: FMLS #7258428

FMLS logo

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