tomo logo

$225,000

Beds
2
Baths
1.0
sq ft
73

406 Elm St NW, Atlanta, GA 30314

406 Elm St NW

Atlanta, GA 30314

  • 3 days on market
Take advantage of this amazing opportunity to own a home in the vibrant developing community of Vine City close to Mercedes Benz Stadium, Georgia World Congress Center, State Farm Arena, West Midtown, Georgia Tech and all life in the city provides. You're a short walk to the Westside of the Beltline. This home provides the opportunity to finish the basement; live on one level and rent the other or create your own 2 level oasis in the city. Rental potential is $1750 for 2 Br, 1 Ba main level and $1250 for the lower level 1 Br with kitchen, bath and living area once renovated. Don't miss out on this great opportunity located next to new construction homes valued at $350k & $400k. Full renovation needed

Details

Property type

Single Family Residence

Est. home value

$173,639

Property condition

Fixer

Lot size

3,659 sq ft

Price per sq ft

$3,083

Year built

1920

Annual property taxes

$3,405

HOA

No

Price History

11/09/2024
FMLS

FMLS #7483994

Listed
$225,000
+3114.29%
01/05/2009
FMLS

FMLS #3820263

Sold
$7,000

Schools & Community

Neighborhood: 

English Avenue

Elementary school: 

M.R. Hollis Innovation Academy

Middle school: 

Fulton - Other

High school: 

Booker T. Washington

Community features: 

None

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Magnus Fin'L Corp

Loan start date

April 2006

Original loan amount

$132,000

Est. remaining balance

Not provided

Interest rate

8.88%

Loan type

New Conventional, 30 year

Seller

Jason Robinson

Lender

First Magnus Financial Corp

Loan start date

April 2006

Original loan amount

$16,500

Est. remaining balance

Not provided

Interest rate

5.89%

Loan type

Stand Alone Refi (Refinance of Original Loan), 15 year

Seller

Jason Robinson

Lender

Stmartin Peter

Loan start date

October 2005

Original loan amount

$65,000

Est. remaining balance

Not provided

Interest rate

5.77%

Loan type

Balloon, 1 year

Seller

Derrick Robinson

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: 11/12/2024 at 4:20 PM

Listing updated: 11/09/2024 at 3:45 PM

Listed by: Quentiss Servick, Integrity Real Estate Georgia Phone #: (404) 954-0772

MLS: FMLS #7483994

FMLS logo

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