tomo logo

$450,000

Beds
1
Baths
1.0
sq ft
1,628

342 Marietta St NW Unit 8, Atlanta, GA 30313

342 Marietta St NW Unit 8

Atlanta, GA 30313

  • Pending
THE TWO STORY LOFT you've been waiting for! Walk to State Farm Arena, Mercedes Benz Stadium, Centennial Olympic Park, Georgia World Congress Center, Tabernacle, Georgia Aquarium and more within minutes. This rare prime location, has a brand new kitchen, designer bathroom with a double vanity and its own laundry room. The unique loft can accommodate home and office use giving you the ability to be in the heart of the city. Corporate long term rentals are perfect in this location. Not to mention a gated parking lot with new security measure for the building. The dynamic style will leave an impression on anyone that comes over. The Pioneer Neon Lofts was one of the first Atlanta Adaptive Reuse projects. Located at 342 Marietta Street NW, this building was constructed as warehouse in 1915 by the Selig Chemical Company. The building is a typical early twentieth century commercial construction, with arched-brick openings on the Marietta Street facade, limestone and concrete ornamentation, diamond-shaped geometric designs, cast-stone window sills and copings, and brick patterning. In 1991, the developers of the building came to Stowers and Company to broker the deal to purchase the building for a loft development. In 1992, this was not a great part of town and their were not many people doing these conversions. At that time, the security man would shoot off his gun before entering the building. The building was rehabilitated into loft apartments and is now in what is called Castleberry Hills.

Details

Property type

Condominium

Est. home value

$423,507

Property condition

Updated/Remodeled

Lot size

1,629 sq ft

Price per sq ft

$277

Year built

1920

Annual property taxes

$3,318

HOA

Yes

Price History

03/01/2025
FMLS

FMLS #7521036

Pending
$450,000
02/20/2025
FMLS

FMLS #7521036

Listed
$450,000
-10%
01/02/2025
FMLS

FMLS #7426570

Removed
$499,999

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Continental Colony

Middle school: 

Fulton - Other

High school: 

Midtown

Number of units in community: 

1

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

$233,972
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$180,028
Cash to seller
$233,972

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

October 2015

Original loan amount

$225,000

Est. remaining balance

$180,028

Interest rate

3.9%

Loan type

New Conventional, 30 year

Seller

Jason N Joseph

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: 04/02/2025 at 11:45 AM

Listing updated: 03/09/2025 at 1:20 AM

Listed by: Drayton Robertson, Keller Williams Rlty, First Atlanta Phone #: (404) 531-5700

MLS: FMLS #7521036

FMLS logo

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