tomo logo

$295,000

Beds
3
Baths
2.0
sq ft
1,144

406 Illinois Ave NW, Atlanta, GA 30314

406 Illinois Ave NW

Atlanta, GA 30314

  • 56 days on market
Charming 1940s bungalow is the perfect blend of modern updates and classic charm. Completely renovated in 2022 with beautiful LVP flooring throughout, luxury fixtures, a brand new gourmet kitchen, all new HVAC, electrical, plumbing system and roof. This adorable gem boasts a beautiful owner's suite complete with ensuite bathroom featuring double vanities, custom tilework and an elevated spa shower system. Enjoy outdoor living and relaxation on the expansive front porch. Situated with the utmost convenience in mind, this hidden gem resides in close proximity to the prestigious campuses of Georgia State University and Georgia Tech. Seamless transportation is at your fingertips with effortless access to Marta, ensuring connectivity throughout the city and beyond. Act fast to seize this rare opportunity, as it won't be available for long. Make your offer today! Completely move-in ready. This is an investment property, NO Sellers Disclosure. NO HOA. Tenants are month to month.

Details

Property type

Single Family Residence

Est. home value

$294,890

Lot size

8,146 sq ft

Price per sq ft

$258

Year built

1940

Annual property taxes

$2,075

HOA

No

Price History

09/10/2024
FMLS

FMLS #7388409

Removed
$295,000
09/10/2024
FMLS

FMLS #7453491

Listed
$295,000
05/17/2024
FMLS

FMLS #7388409

Listed
$295,000
-1.6%

Schools & Community

Neighborhood: 

Grove Park

Elementary school: 

Woodson Park Academy

Middle school: 

Fulton - Other

High school: 

Fulton - Other

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

$148,289
Asking price
$295,000
Closing costs (~8% of asking)
-$23,600
Est. remaining loan balance
-$123,111
Cash to seller
$148,289

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

Seller’s Loan History

Lender

Bay Mountain Capital

Loan start date

February 2022

Original loan amount

$253,500

Est. remaining balance

$123,111

Interest rate

3.05%

Loan type

New Conventional, 5 year

Seller

Upscale Development Llc

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: 11/05/2024 at 2:35 PM

Listing updated: 11/05/2024 at 3:25 AM

Listed by: Dany Drouin, Century 21 Results Phone #: (770) 889-6090

MLS: FMLS #7453491

FMLS logo

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