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$227,000

Beds
3
Baths
1.0
sq ft
Unknown

4209 Sherwood Ave, Decatur, GA 30035

4209 Sherwood Ave

Decatur, GA 30035

  • 103 days on market
    • Price drop $8,000↓
Sub 2/Lease Option Opportunity in Desirable Decatur, GA—No Banks Needed! This is your chance to bypass traditional bank financing and secure a home with flexible Sub2 or Lease Option terms! No need to worry about your credit history—simply make a down payment to take over the existing mortgage and start benefiting from this property immediately Assumable FHA loan available Current Layout: 3 Bedrooms, 1 Bathroom (Potential to Convert to 3/2) Interest Rate: 3.125% Monthly Mortgage Payment: $1,490/month Loan Balance $219,000

Details

Property type

Single Family Residence

Est. home value

$258,619

Lot size

0.30 acres

Price per sq ft

Unknown

Year built

1954

Annual property taxes

$3,463

HOA

No

Price History

09/10/2024
FMLS

FMLS #7429384

Price change
$227,000
-3.4%
08/08/2024
FMLS

FMLS #7429384

Listed
$235,000

Schools & Community

Elementary school: 

Canby Lane

Middle school: 

Mary McLeod Bethune

High school: 

Towers

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

$17,863
Asking price
$227,000
Closing costs (~8% of asking)
-$18,160
Est. remaining loan balance
-$190,977
Cash to seller
$17,863

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

Seller’s Loan History

Lender

Southeast Mortgage

Loan start date

May 2021

Original loan amount

$206,196

Est. remaining balance

$190,977

Interest rate

3.18%

Loan type

FHA, 30 year

Seller

Marcus D Williams

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: 11/19/2024 at 6:20 AM

Listing updated: 10/30/2024 at 6:00 PM

Listed by: Jajuan Warren, NorthGroup Real Estate Phone #: (404) 383-6616

MLS: FMLS #7429384

FMLS logo

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