tomo logo

$699,000

Beds
Unknown
sq ft
Unknown

3059 Nottaway Ct, Atlanta, GA 30341

3059 Nottaway Ct

Atlanta, GA 30341

  • 158 days on market
Explore this exceptional investment opportunity! This property hosts a licensed residential senior care facility that has been successfully operating for over 20 years. The tenant is prepared to sign a long-term lease and historically demonstrates reliability with on-time payments. The current lease features a gradual annual increase, starting at $3,600 per month, rising to $3,800, and then $4,000, ensuring a dependable and solid income stream. The property boasts 7 bedrooms, 3 bathrooms, and an additional office area, with a size larger than indicated in tax records. Recently upgraded, the home features a new kitchen with elegant granite countertops and stainless steel appliances, high-quality vinyl plank flooring in most areas, fresh interior paint, and updated light fixtures. HVAC systems were replaced in 2017 and 2018, and the exterior benefits from new concrete siding and paint in 2018, along with a new roof in 2019. All three bathrooms were remodeled in 2023. Situated in a convenient location close to I-285 and I-85, shopping, and dining, this property is primed for minimal maintenance costs for the new owner.

Details

Property type

Est. home value

$617,397

Lot size

0.40 acres

Price per sq ft

Unknown

Year built

1962

Annual property taxes

$8,201

Price History

04/15/2024
FMLS

FMLS #7369296

Listed
$699,000
+16.5%
03/08/2022
FMLS

FMLS #6999120

Sold
$600,000
+117.39%
03/22/2017
FMLS

FMLS #5788585

Sold
$276,000

Schools & Community

Elementary school: 

Evansdale

Middle school: 

Henderson - Dekalb

High school: 

Lakeside - Dekalb

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

$351,058
Asking price
$699,000
Closing costs (~8% of asking)
-$55,920
Est. remaining loan balance
-$292,022
Cash to seller
$351,058

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

Seller’s Loan History

Lender

Guaranty Mortgage

Loan start date

March 2022

Original loan amount

$307,000

Est. remaining balance

$292,022

Interest rate

3.56%

Loan type

New Conventional, 30 year

Seller

Hamza Zahoor Ahmad

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?

Status: Active

Tomo last checked: 09/20/2024 at 1:55 AM

Listing updated: 04/17/2024 at 6:25 AM

Listed by: Imran Ahmad, Keller Williams North Atlanta Phone #: (770) 663-7291

MLS: FMLS #7369296

FMLS logo

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