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$315,000

Beds
1
Baths
1.0
sq ft
Unknown

480 John Wesley Dobbs Ave NE Unit 510, Atlanta, GA 30312

480 John Wesley Dobbs Ave NE Unit 510

Atlanta, GA 30316

  • 42 days on market
Welcome to this 1 bed, 1 bath industrial-style condo located in the vibrant Old Fourth Ward. Situated on the 5th floor, this unit offers beautiful views of the Atlanta skyline through floor-to-ceiling windows, perfect for enjoying sunsets. If you’re drawn to a creative, urban atmosphere, this loft’s concrete floors, 10 ft ceilings, and open concept layout are sure to impress. Tribute Lofts is not only an exceptional place to live but also an award-winning development. The complex received the 2008 Atlanta Urban Design Commission Excellence Award and the 2012 AIA Georgia Merit Award, highlighting its architectural significance. Anchoring the corner of Freedom Parkway and Boulevard, this three-building complex includes retail and live-work units along the commercial streets, with an 8-story residential building offering stunning skyline views of Atlanta. The kitchen features granite countertops, a new backsplash, breakfast bar, and stainless steel appliances. Recent upgrades include a new sink, disposal, outlets, racks, and an entirely updated lighting system, bringing a fresh and modern feel to the space. Step out onto your private balcony to enjoy fresh air or explore the outstanding amenities at Tribute Lofts, including a heated rooftop pool, fitness center, clubroom, and rooftop deck. With secure gated parking, one assigned space, and a dedicated bike room, this home offers both convenience and style. Located within walking distance to the Beltline, Krog Street Market, and Ponce City Market, and with easy access to I-75/I-85, this is urban living at its best.

Details

Property type

Condominium

Est. home value

$316,772

Lot size

Unknown

Price per sq ft

Unknown

Year built

2007

Annual property taxes

$1,458

Monthly HOA fee

$345

Price History

10/15/2024
FMLS

FMLS #7469563

Listed
$315,000
+152%
10/15/2013
FMLS

FMLS #5176898

Sold
$125,000

Schools & Community

Neighborhood: 

Old Fourth Ward

Elementary school: 

Hope-Hill

Middle school: 

David T Howard

High school: 

Midtown

Community features: 

Clubhouse, Fitness Center, Pool, Restaurant, Sidewalks

Number of units in community: 

148

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

$197,919
Asking price
$315,000
Closing costs (~8% of asking)
-$25,200
Est. remaining loan balance
-$91,881
Cash to seller
$197,919

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

Seller’s Loan History

Lender

Fidelity Bank

Loan start date

October 2013

Original loan amount

$118,750

Est. remaining balance

$91,881

Interest rate

4.51%

Loan type

New Conventional, 30 year

Seller

Benjamin M Frederick

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: 11/22/2024 at 10:45 AM

Listing updated: 10/26/2024 at 1:00 PM

Listed by: Team Bedgood, Keller Williams Realty Intown ATL Phone #: (404) 541-3500

MLS: FMLS #7469563

FMLS logo

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