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$270,000

Beds
2
Baths
2.5
sq ft
1,560

485 Lantern Wood Dr, Scottdale, GA 30079

485 Lantern Wood Dr

Scottdale, GA 30079

  • 155 days on market
    • Price drop $7,500↓
This APPROVED SHORT SALE! This property qualifies for multiple down payment assistance programs and/ or grants, with one in particular granting the buyer with either 3.5% or up to 5% of the price of this home. DON'T MISS OUT ON A HOME THAT WE ARE ALMOST PAYING YOU TO MAKE YOUR OWN! HOME WILL GO FHA, VA, CASH or CONVENTIONAL! Home appraised for $285k, same exact home just sold for $277,350. This bright and spacious 2-bedroom, 2-bathroom home in the heart of Scottdale offers an amazing opportunity for homebuyers or investors. With a prime location and plenty of potential, this home recently appraised for $285,000, slightly above similar listings, but we are simply looking for one that wants to turn this house into their home without breaking the bank! Key Features: 10-Year HVAC Warranty: The HVAC system comes with a 10-year warranty and a $210/month protection plan from Advantage Service Experts, ensuring peace of mind in Georgia’s unpredictable weather. You’ll never have to worry about costly repairs—maintenance is covered, and any issues with your system or equipment will be addressed swiftly, keeping you comfortable year-round. Equity Potential: With some minor updates, this home can easily become your dream space while building equity in a growing area. Spacious Layout: Enjoy a well-maintained home with ample living space, including a large backyard perfect for entertaining or relaxing. DON'T MISS OUT ON A HOME THAT WE ARE ALMOST PAYING YOU TO MAKE YOUR OWN!

Details

Property type

Townhouse

Est. home value

$288,203

Lot size

1,307 sq ft

Price per sq ft

$174

Year built

2002

Annual property taxes

$5,337

Monthly HOA fee

$153.33

Price History

12/12/2024
FMLS

FMLS #7424161

Price change
$270,000
-2.7%
12/10/2024
FMLS

FMLS #7424161

Price change
$277,500
-0.54%
11/21/2024
FMLS

FMLS #7424161

Price change
$279,000
-3.79%

Schools & Community

Elementary school: 

Avondale

Middle school: 

Druid Hills

High school: 

Druid Hills

Number of units in community: 

200

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

$238,714
Asking price
$270,000
Closing costs (~8% of asking)
-$21,600
Est. remaining loan balance
-$9,686
Cash to seller
$238,714

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

Seller’s Loan History

Lender

Fairway Independent Mortgage

Loan start date

March 2023

Original loan amount

$9,888

Est. remaining balance

$9,686

Interest rate

6.12%

Loan type

New Conventional, 30 year

Seller

Latandria Chambers

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: 12/22/2024 at 10:20 AM

Listing updated: 12/11/2024 at 8:35 PM

Listed by: Constance Benson, Virtual Properties Realty.com Phone #: (770) 495-5050

MLS: FMLS #7424161

FMLS logo

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