tomo logo

$250,000

Beds
3
Baths
1.0
sq ft
1,059

2485 Old Colony Rd, Atlanta, GA 30344

2485 Old Colony Rd

East Point, GA 30344

  • 75 days on market
    • Price drop $10,000↓
Price adjustment to this charming East Point Home in Prime Location! This beautifully maintained ranch home is just minutes from Green Brier Mall, College Park, F. McPherson, downtown Atlanta, and Hartsfield Airport, offering the perfect blend of convenience and tranquility. Nestled on a spacious private lot in a quiet neighborhood, this property provides easy access to major highways, making commuting a breeze. Inside, you'll find new window throughout, freshly painted walls, refinished hardwood floors, and a modern tiled bathroom, all complemented by new light and plumbing fixtures. The spacious galley kitchen features stunning white quartz countertops, a deep bowl sink, and stainless steel appliances, making it a dream for any home chef. Additional highlights include a separate laundry area, ample parking with a carport, and a versatile room perfect for storage or a workshop. The fenced backyard is an outdoor oasis, complete with a large patio ideal for entertaining and enjoying summer gatherings. This one-level home is not only perfect for personal living but also has great potential for generating income, with a possible monthly rental income of $1,700 or more. With its excellent location, it's a prime candidate for short-term rentals through platforms like Airbnb or VRBO. Don't miss out on this must-see property schedule your viewing today! Seller is offering a transferable home warranty at the owners expense. Monthly approximately $35 per month.

Details

Property type

Single Family Residence

Est. home value

$232,086

Property condition

Updated/Remodeled

Lot size

0.24 acres

Price per sq ft

$237

Year built

1955

Annual property taxes

$2,399

HOA

No

Price History

11/21/2024
FMLS

FMLS #7468281

Price change
$250,000
-3.85%
10/08/2024
FMLS

FMLS #7468281

Listed
$260,000
+13.54%
11/29/2022
GeorgiaMLS

GeorgiaMLS #10066520

Sold
$229,000
+358.92%

Schools & Community

Elementary school: 

Hamilton E. Holmes

Middle school: 

Paul D. West

High school: 

Tri-Cities

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

$61,920
Asking price
$250,000
Closing costs (~8% of asking)
-$20,000
Est. remaining loan balance
-$168,080
Cash to seller
$61,920

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

Seller’s Loan History

Lender

Rocket Mortgage

Loan start date

November 2022

Original loan amount

$171,750

Est. remaining balance

$168,080

Interest rate

6.92%

Loan type

New Conventional, 30 year

Seller

Lisette Parker

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: 12/23/2024 at 12:20 AM

Listing updated: 11/21/2024 at 10:20 AM

Listed by: Estelle Taylor, Harry Norman REALTORS Phone #: (404) 897-5558

MLS: FMLS #7468281

FMLS logo

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