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$1,040,615Estimated home value

Beds
3
Baths
3.0
sq ft
Unknown

490 Rock Springs Rd NE, Atlanta, GA 30324

490 Rock Springs Rd NE

Atlanta, GA 30324

  • Sold On 7/22/2024
    • Price drop $45,000↓
Easily one of the best Intown lots available to build a high-end home with seasonal skyline views of Midtown. Located in the very walkable Piedmont Heights neighborhood that is poised between Morningside and Ansley Park. This prime location offers easy access to The BeltLine, Piedmont Park, Ansley Mall, Ansley Golf Club, Buckhead and Midtown Business districts, and I-85, I-75 and GA 400 highways. This half-acre lot with street frontage on both Rock Springs and Wimbledon has unique opportunities; if one desired to build a new home with rear entry garage, the driveway off Wimbledon Road makes that easy. While it may be tempting to tear down and build new construction, there are reasons to renovate this property versus completely tearing it down. One simply being that you want a more modest sized home and spend less money. Additionally, the current home’s location on the lot allows allow for a large front yard and potential large pool in the side yard and wouldn’t have same setbacks as new construction. The home is in poor condition but does have a very solid foundation to build upon. The home conveys with a forever easement agreement for the SW corner of the property to maintain fencing and usage of this encroachment. This prime, half acre lot is ready when you are to build your Intown dream house. Currently property has tenants on a month to month agreement paying $4000/month; do not walk the property without an approved appointment.

Details

Property type

Single Family Residence

Est. home value

$1,040,615

Property condition

Fixer

Lot size

0.47 acres

Price per sq ft

Unknown

Year built

1947

Annual property taxes

$14,454

Price History

03/25/2025
FMLS

FMLS #7507407

Removed
$1,549,000
03/10/2025
FMLS

FMLS #7507407

Price change
$1,549,000
-1.65%
03/03/2025
FMLS

FMLS #7507407

Price change
$1,575,000
-1.56%

Schools & Community

Neighborhood: 

Piedmont Heights

Elementary school: 

Morningside-

Middle school: 

David T Howard

High school: 

Midtown

Community features: 

Playground, Sidewalks, Street Lights

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

$285,775
Asking price
$830,000
Closing costs (~8% of asking)
-$66,400
Est. remaining loan balance
-$477,825
Cash to seller
$285,775

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

Seller’s Loan History

Lender

Plaza Home Mortgage

Loan start date

May 2018

Original loan amount

$547,500

Est. remaining balance

$477,825

Interest rate

4.44%

Loan type

New Conventional, 30 year

Seller

Russell Tippins and New Randy Tippins

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: Off Market

Tomo last checked: 04/02/2025 at 10:30 PM

Listing updated: 09/10/2024 at 5:48 PM

Listed by: Bob Glascock, Coldwell Banker Realty Phone #: (404) 262-1234

MLS: FMLS #7306037

FMLS logo

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