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$235,000

Beds
4
Baths
2.5
sq ft
Unknown

4048 Rainbow Dr, Decatur, GA 30034

4048 Rainbow Dr

Decatur, GA 30034

  • 40 days on market
    • Price drop $10,000↓
Fiixer upper here with a ton of potential! Great opportunity to make it your own. The house features 4 bedrooms and 2 full baths, with an additional half bath. House also has an open design perfect for family gatherings and a private lot. Lots of natural light throughout the home with a fieplace perfect for family gatherings. Some included features are master on the main, a spacious open kitchen leading into the dining room, a large front porch. The second level boasts a large bedroom and bonus room! There is some TLC needed, but with a little work it will make a great house. Don't let this one get away!

Details

Property type

Single Family Residence

Est. home value

$296,917

Lot size

0.59 acres

Price per sq ft

Unknown

Year built

1969

Annual property taxes

$5,308

HOA

No

Price History

12/18/2024
FMLS

FMLS #7485948

Price change
$235,000
-4.08%
11/14/2024
FMLS

FMLS #7485948

Listed
$245,000

Schools & Community

Elementary school: 

Rainbow

Middle school: 

Chapel Hill - Dekalb

High school: 

Southwest 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

$183,117
Asking price
$235,000
Closing costs (~8% of asking)
-$18,800
Est. remaining loan balance
-$33,083
Cash to seller
$183,117

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

Seller’s Loan History

Lender

First Union Mortgage

Loan start date

July 1998

Original loan amount

$130,000

Est. remaining balance

$33,083

Interest rate

7.1%

Loan type

New Conventional, 30 year

Seller

Hardison, Helen & Hinton, Dext

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: 12/25/2024 at 3:00 PM

Listing updated: 12/18/2024 at 10:05 AM

Listed by: Justin Bell, Prestige Brokers Group, LLC. Phone #: (404) 418-8908

MLS: FMLS #7485948

FMLS logo

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