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$224,000

Beds
3
Baths
2.5
sq ft
1,762

3505 Estate Lake Dr, Fairburn, GA 30213

3505 Estate Lake Dr

Fairburn, GA 30213

  • 88 days on market
    • Price drop $10,900↓
Welcome to 3505 Estate Lake Drive, a great opportunity for someone looking to do some lighter updating for an Investor looking for a great opportunity for a rental or a flip on this estate sale home! Priced below recent appraisal of $255,000, this home is value priced! Just 5 minutes from I-85 and shopping, this is a convenient location*Entering is a vaulted Great Room where you have an option to venture downstairs to a Den with a Fireplace & a 1/2 Bath* Or you can go upstairs to the Eat In Kitchen* There is a good sized Primary Bedroom with a Private Full Bath, and 2 more Bedrooms with a 2nd Full Bath*You will find an upstairs balcony deck overlooking the private back yard, and downstairs there is a patio too! A 2 Car Garage (where you will find the laundry area) awaits* SO convenient, with built in equity* Sewer / all utilities are connected* No HOA

Details

Property type

Single Family Residence

Est. home value

$248,277

Property condition

Fixer

Lot size

0.30 acres

Price per sq ft

$128

Year built

1989

Annual property taxes

$638

HOA

No

Price History

11/15/2024
FMLS

FMLS #7445740

Price change
$224,000
-4.64%
10/23/2024
FMLS

FMLS #7445740

Price change
$234,900
-2.08%
08/27/2024
FMLS

FMLS #7445740

Listed
$239,900
-5.92%

Schools & Community

Elementary school: 

S.L. Lewis

Middle school: 

Bear Creek - Fulton

High school: 

Creekside

Community features: 

Street Lights

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

$155,031
Asking price
$224,000
Closing costs (~8% of asking)
-$17,920
Est. remaining loan balance
-$51,049
Cash to seller
$155,031

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

Seller’s Loan History

Lender

North American Mtg Co

Loan start date

November 2001

Original loan amount

$118,146

Est. remaining balance

$51,049

Interest rate

6.58%

Loan type

FHA, 30 year

Seller

Townsend, Eleanor L

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 10:00 PM

Listing updated: 11/15/2024 at 5:20 PM

Listed by: John C Baker, BHGRE Metro Brokers Phone #: (404) 843-2500

MLS: FMLS #7445740

FMLS logo

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