tomo logo

$544,000

Beds
4
Baths
2.0
sq ft
Unknown

263 Weldon Rd, Palmetto, GA 30268

263 Weldon Rd

Palmetto, GA 30268

  • 26 days on market
    • Price drop $5,000↓
Large Renovated Duplex with In-Law Suite Potential or Lucrative Rental Opportunity in Northgate school district! This oversized duplex, renovated with modern touches, presents an extraordinary chance to embrace versatile living arrangements. Whether you're seeking an in-law suite to accommodate extended family or a high-yield rental property, this property fulfills both dreams effortlessly. Units can be easily combined and each features an attached garage, 2br/2ba with an additional flex space for an office, nursery, or laundry. Both units feature brand-new kitchens boasting modern aesthetics, and new appliances glisten alongside stunning granite surfaces. Primary bathrooms feature high vaulted ceilings and skylights. The secondary bathrooms echo the same attention to detail with new vanities, skylights, and ample storage space. Discover the convenience of custom upgrades such as in-ceiling speakers, new recessed lighting, and a central vacuum system. A newly painted and re-roofed detached garage not only provides two additional covered parking spaces but also a dedicated area for an RV, lawn equipment, or electric vehicle ready charger. With newer roof and HVAC units, the worry of upcoming maintenance is alleviated, allowing you to relish in the comfort of your new abode. Retreat to your private oasis as you step onto covered screened porches that overlook the serene wooded backyard that backs up to a creek. Offering the flexibility of separate tax IDs for each unit, you have the option to capitalize on individual sales in the future. Seize this moment to secure your place in an exceptional property that redefines the possibilities of modern living. Whether you're drawn to the allure of multigenerational comfort or the allure of a profitable investment, this duplex delivers on all fronts. 1 UNIT IS RENTED FOR $1950 PER MONTH WITH LEASE ENDING AUGUST 1, 2025.

Details

Property type

Single Family Residence

Est. home value

$519,027

Lot size

1.22 acres

Price per sq ft

Unknown

Year built

1990

Annual property taxes

$4,522

HOA

No

Price History

02/16/2025
FMLS

FMLS #7514996

Price change
$544,000
-0.91%
01/27/2025
FMLS

FMLS #7514996

Listed
$549,000
+6.6%
11/13/2023
GeorgiaMLS

GeorgiaMLS #10198140

Sold
$515,000
-1.9%

Schools & Community

Elementary school: 

Arbor Springs

Middle school: 

Blake Bass

High school: 

Northgate

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

$93,452
Asking price
$544,000
Closing costs (~8% of asking)
-$43,520
Est. remaining loan balance
-$407,028
Cash to seller
$93,452

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 2023

Original loan amount

$412,000

Est. remaining balance

$407,028

Interest rate

7.31%

Loan type

New Conventional, 30 year

Seller

Justin Brooks Finch and Vertice Winfrey

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: 02/23/2025 at 3:10 PM

Listing updated: 02/16/2025 at 2:50 PM

Listed by: Jenise Flye, RWATL, LLC. Phone #: (404) 662-2322

MLS: FMLS #7514996

FMLS logo

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