tomo logo

$229,000

Beds
10
Baths
3.0
sq ft
1,501

2570 Lilac Dr, Morrow, GA 30260

2570 Lilac Dr

Morrow, GA 30260

  • 102 days on market
    • Price drop $29,000↓
Large square foot home with lots of rooms and options. Multiple bedrooms and bathrooms on each level. The home is leased to one tenant, PadSplit, which hosts the property on their platform. PadSplit is a workforce housing solution that not only helps members save money and live closer to work but provides a great investment for its owner. All members are professionally screened by PadSplit, required to pass a criminal background check and undergo income verification. PadSplit handles inbound requests from members and enforces house rules. One rent payment is direct-deposited into the owner's bank account based on the home's previous month's performance. Contact us today for preferred lenders if you need financing. If PadSplit is new to you, please Google 'PadSplit' to learn more about this game-changing affordable housing solution before calling.

Details

Property type

Single Family Residence

Est. home value

$235,045

Lot size

0.30 acres

Price per sq ft

$153

Year built

1968

Annual property taxes

$3,451.73

Price History

11/04/2024
GeorgiaMLS

GeorgiaMLS #10347974

Listed
$229,000
11/01/2024
GeorgiaMLS

GeorgiaMLS #10347974

Removed
$229,000
10/22/2024
GeorgiaMLS

GeorgiaMLS #10347974

Price change
$229,000
-11.24%

Schools & Community

Elementary school: 

Morrow

Middle school: 

Morrow

High school: 

Morrow

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

$162,268
Asking price
$229,000
Closing costs (~8% of asking)
-$18,320
Est. remaining loan balance
-$48,412
Cash to seller
$162,268

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

Seller’s Loan History

Lender

Americas Wholesale Lender

Loan start date

November 2005

Original loan amount

$85,000

Est. remaining balance

$48,412

Interest rate

5.74%

Loan type

New Conventional, 30 year

Seller

Thanh Quach

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: 11/04/2024 at 11:20 PM

Listing updated: 11/04/2024 at 8:27 AM

Listed by: Anthony Fontana, Cornerstone R/Estate Partners

MLS: GeorgiaMLS #10347974

GeorgiaMLS logo

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