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$299,999

Beds
3
Baths
2.0
sq ft
1,555

2945 Palm Dr, Atlanta, GA 30344

2945 Palm Dr

East Point, GA 30344

  • 24 days on market
GREAT INVESTMENT OPPOTUNITY!!! Discover the hidden gem in this spacious 3-bedroom, 2-bathroom home, perfect for investors or DIY enthusiasts! Nestled on a generous lot with an additional second lot included this property offers a unique opportunity to create your dream oasis or build an additional property! **Key Features:** Spacious Layout: The home boasts a well-designed floor plan with ample room for family living and entertaining. Extra Lot: Enjoy the benefits of the second lot-ideal for home expansion, or to build a second property to maximize your ROI by having two flips or two rentals! Versatile Space. With three comfortable bedrooms and two full baths, this home can accommodate a family's needs or be transformed into a lucrative rental property. Fixer-Upper Opportunity: Bring your vision and creativity! While the house requires some TLC, it offers renovation potential for massive upgrade opportunities, add a second property or create a multi-unit living space. Prime Location: Conveniently situated in East Point-Atlanta, just minutes from downtown Atlanta, parks, and local amenities, this property is perfect for those looking for a community feel with easy access to city life. Recreate this property and expanded lot for the perfect Air BnB opportunity! This home is being sold as is for under market value to offset repairs needed. Don't miss out on this incredible opportunity! With some updates and personal touches, this house could become a beautiful family home or a profitable rental investment.

Details

Property type

Single Family Residence

Est. home value

$346,890

Property condition

Fixer

Lot size

0.32 acres

Price per sq ft

$193

Year built

1935

Annual property taxes

$2,970

Price History

10/29/2024
GeorgiaMLS

GeorgiaMLS #10403757

Listed
$299,999
+934.48%
07/31/2015
FMLS

FMLS #5546935

Sold
$29,000
+241.18%
11/25/2012
FMLS

FMLS #5059153

Sold
$8,500

Schools & Community

Elementary school: 

Parklane

Middle school: 

Paul D West

High school: 

Tri Cities

Community features: 

None

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

2945 Palm Drive Trust (Tr)

Loan start date

September 2007

Original loan amount

$41,000

Est. remaining balance

$0

Interest rate

6.68%

Loan type

Not Provided, 1 year

Seller

Shellie Mays

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 5:00 AM

Listing updated: 11/12/2024 at 1:07 AM

Listed by: Alysia Allen, 1st Choice Real Estate Profess

MLS: GeorgiaMLS #10403757

GeorgiaMLS logo

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