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$425,000

Beds
3
Baths
2.0
sq ft
1,243

37 Lethea St SE, Atlanta, GA 30315

37 Lethea St SE

Atlanta, GA 30315

  • 43 days on market
    • Price drop $44,000↓
Now $425,000 – Don’t Miss This Opportunity! Competitively priced with a $44k improvement, this beautifully renovated home in historic South Atlanta features timeless designer finishes, brand-new solid oak floors, and new LG Studio appliances. The spacious double lot includes a stunning slate rock garden, ADU potential, and a charming cedar privacy fence with driveway gate, offering both beauty and versatility. Located within a pleasant walk to the Beltline and surrounded by exciting new developments, this home is a rare find. Act fast before the spring market rush! The chef’s kitchen is a stunning showpiece, boasting custom Carrara & Bardiglio marble backsplash & landing, a new LG gas range (with 4 year extended warranty), new LG smart refrigerator with craft ice, new oversized brass kitchen faucet, three porches, and in-kitchen laundry. The downstairs is home to two bright and relaxing guest bedrooms with adjacent full bathroom styled in Nordic white. The spa-like bathrooms showcase designer finishes, creating a serene retreat for relaxation. The large upstairs main bedroom loft provides amble space in its bright and tranquil open concept, with detached office nook to work from home in peace. The main bath includes a large double vanity, and large shower with thermostatic shower system for ultra relaxation. The home’s vibe and ambience is customizable with newly installed light features, such as smart lighting, recessed LEDs with night-light mode, and outdoor smart lights with full spectral color selections. The crawl space also has a newly installed full encapsulation vapor barrier with crawl space dehumidifier and automatic drain lines. All interior and exterior staging, and televisions can be included if desired. 37 Lethea’s expansive double lot invites endless possibilities, whether for future development or creating your own private oasis with an ADU, hot tub, or second home. The old-growth pecan tree (professionally pruned this month), and cottage-inspired landscaping, complete with a zen rock garden and premium slate chips, provide a tranquil and one-of-a-kind setting for entertaining or unwinding. The front yard has seasonal wildflower gardens, a variety of herbs, well mulched spaces, and blueberry bushes in the front beds with additional growing space for garden lovers. The custom cedar privacy fence offers warmth and practicality with a double gate at the driveway for flexible parking and easy loading, and an opposite side entry gate that leads to the left side yard, storage shed, and back porch. Situated on a street-front double lot with potential for future commercial use, this property offers endless potential with multiple large scale developments breaking ground extremely close to the property and easy access to BOTH the west and south Beltline entrances that are just a short and enjoyable walk away. The area is experiencing incredible growth, with exciting developments collaboratively transforming the neighborhood into one of Atlanta’s most dynamic destinations. Experience the perfect blend of luxury, comfort, and urban convenience in this exceptional home. Schedule your tour today!

Details

Property type

Single Family Residence

Est. home value

$317,559

Lot size

5,401 sq ft

Price per sq ft

$342

Year built

1943

Annual property taxes

$4,044

HOA

No

Price History

01/15/2025
FMLS

FMLS #7499968

Price change
$425,000
-9.38%
12/26/2024
FMLS

FMLS #7499968

Listed
$469,000
+83.92%
09/08/2020
FMLS

FMLS #6759613

Sold
$255,000
+853.27%

Schools & Community

Neighborhood: 

Lakewood Heights

Elementary school: 

Thomas Heathe Slater

Middle school: 

Judson Price

High school: 

G.W. Carver

Community features: 

Park

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

$171,770
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$219,230
Cash to seller
$171,770

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

Seller’s Loan History

Lender

United Wholesale

Loan start date

September 2020

Original loan amount

$242,250

Est. remaining balance

$219,230

Interest rate

3.01%

Loan type

New Conventional, 30 year

Seller

Nicholas Lloyd Pothetes and Bailey Alexander Vaughn

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: 02/02/2025 at 5:30 AM

Listing updated: 01/29/2025 at 12:25 PM

Listed by: Kim Ferguson, Keller Williams Realty Metro Atlanta Phone #: (404) 564-5560

MLS: FMLS #7499968

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