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$399,900

Beds
2
Baths
2.5
sq ft
Unknown

278 Somerlane Pl, Avondale Estates, GA 30002

278 Somerlane Pl

Avondale Estates, GA 30002

  • Pending
    • Price drop $100↓
Excellent opportunity (at an amazing price!) to live in the charming community of Somerlane Place, nestled in the heart of unincorporated Avondale Estates! Inside this light-filled home you’ll find a welcoming entry foyer that leads to the large living room with wood burning fireplace flanked by almost floor-ceiling windows. The centrally-located kitchen has plenty of cabinet space, white appliances with gas cooking, classic subway tile backsplash, accent lighting, and is conveniently located to the large and separate dining room with pretty bay-window. Adjacent to the kitchen you’ll find two separate bonus areas, perfect for a central-home work space, sitting area, or an informal dining area with direct patio access and a stepless-entry from the 2-car garage. Upstairs you’ll find the Primary suite with plentiful windows, a large vanity with excellent storage, a classic white tiled bathroom with tub/shower combo, and an extra-spacious walk-in closet. The second bedroom has a lovely bay-window, a large closet, and an en-suite bathroom with a tub/shower combo. Outside you’ll find, a cozy patio accentuated by a pretty pergola, perfect for gathering with friends or al-fresco dining, and a small low-maintance yard, perfect for easy living! Additional features include: a charming first floor powder room, hardwood flooring and wall-wall carpeting, ceiling fans in all bedrooms and living room, accent lighting, laundry upstairs near the bedrooms, and a 2-car garage with plenty of storage space. All this, plus just steps from the PATH trail where you can walk to all the excitement of Avondale Estates (one of Opendoor’s 2023 Best Family-Friendly Cities and consecutive champions of USAToday’s Best Small Town Beer Scene), bike to Decatur, Atlanta or Stone Mountain and located just a few minutes from Your Dekalb Farmer’s Market and highways!!

Details

Property type

Single Family Residence

Est. home value

$448,693

Property condition

Updated/Remodeled

Lot size

4,356 sq ft

Price per sq ft

Unknown

Year built

1988

Annual property taxes

$4,159

Monthly HOA fee

$16.67

Price History

10/31/2024
FMLS

FMLS #7460813

Pending
$399,900
10/18/2024
FMLS

FMLS #7460813

Price change
$399,900
-0.03%
09/26/2024
FMLS

FMLS #7460813

Listed
$400,000
-5.88%

Schools & Community

Elementary school: 

Avondale

Middle school: 

Druid Hills

High school: 

Druid Hills

Community features: 

Sidewalks

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

$85,067
Asking price
$399,900
Closing costs (~8% of asking)
-$31,992
Est. remaining loan balance
-$282,841
Cash to seller
$85,067

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

Seller’s Loan History

Lender

Shelter Home Mortgage

Loan start date

August 2021

Original loan amount

$304,000

Est. remaining balance

$282,841

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Clayton Bunker Marsh and Madeleine Bailey

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: Pending/Under Contract

Tomo last checked: 11/09/2024 at 11:40 AM

Listing updated: 10/31/2024 at 6:55 PM

Listed by: Vesta Consulting Group, Keller Williams Realty Intown ATL Phone #: (404) 541-3500

MLS: FMLS #7460813

FMLS logo

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