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$2,250,000

Beds
2
Baths
1.0
sq ft
Unknown

276 Thompson St, Alpharetta, GA 30009

276 Thompson St

Alpharetta, GA 30009

  • 94 days on market
Located in the Heart of downtown Alpharetta, 276 Thompson Street backs up to the Alpha Loop (The beautiful multi-use path that goes through Downtown Alpharetta, Avalon and North Point ). This gorgeous one acre lot is nestled within walking distance to Avalon and Alpharetta City Center. The area is designated for DTLW, Downtown Live-Work mixed use with a density of 8 units per acre (potentially 16 single family homes). Walk to Avalon and Downtown Alpharetta, where upscale shopping, dining, and entertainment await. 276 Thompson Street must be sold with the adjoining property 272 Thompson Street. This combined property offers significant development potential to explore with the potential opportunity for up to 16 single family detached or attached homes. 2 acres of undeveloped land, all buildable level lot with no creek backs into Alpha Loop. These two adjacent lots offer an unparalleled opportunity for developers and Builders to explore the possibilities. Thompson Street is within Downtown Live-Work/ DTLW Zoned Areas. Both properties are backed into Alpha Loop walking trails and are steps away from Thompson Street and Brook Street Parks. Rezoning opportunities under Downtown Live- Work designation (DTLW) Potential for up to 16 lots

Details

Property type

Single Family Residence

Est. home value

$572,608

Lot size

1.00 acres

Price per sq ft

Unknown

Year built

1930

Annual property taxes

$3,630

HOA

No

Price History

08/20/2024
FMLS

FMLS #7441743

Listed
$2,250,000

Schools & Community

Elementary school: 

Manning Oaks

Middle school: 

Northwestern

High school: 

Alpharetta

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

$1,995,555
Asking price
$2,250,000
Closing costs (~8% of asking)
-$180,000
Est. remaining loan balance
-$74,445
Cash to seller
$1,995,555

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

Seller’s Loan History

Lender

Matrix Fin'L Svcs

Loan start date

July 2000

Original loan amount

$180,000

Est. remaining balance

$74,445

Interest rate

8.32%

Loan type

New Conventional, 30 year

Seller

Crowe, Glenn

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: 11/22/2024 at 4:00 PM

Listing updated: 11/15/2024 at 6:11 AM

Listed by: Debra Dent, Atlanta Fine Homes Sotheby's International Phone #: (770) 442-7300

MLS: FMLS #7441743

FMLS logo

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