tomo logo

$1,650,000

Beds
4
Baths
4.0
sq ft
3,165

490 Rock Springs Rd NE, Atlanta, GA 30324

490 Rock Springs Rd NE

Atlanta, GA 30324

  • Coming soon
In town living on a flat and level half acre lot in the Morningside school district. This Piedmont Heights home is as unique as they come with a beautiful wall of windows as you come up the driveway. Multiple decks off of the living room, terrace level, and kitchen create an atmosphere of entertaining in comfort and bringing the outdoors in. The modern kitchen is punctuated by high-end appliances and a view of the rear of the property where you'll find a stone structure perfect for a workshop or to build out an office. Three bedrooms and three full bathrooms are on the main floor while there is a bonus apartment in the basement with a bedroom, bathroom, kitchen, and living room. The perfect setup to live in and rent out the basement or provide guests with their own separate suite. This property has been completely rebuilt, gutted, reframed, with a new roof, new windows, brand new HVAC, and totally new landscaping is being put in this week. The history of the stone foundation is believed to be from the 1800's where the original farmhouse possibly stood. A gorgeous and well built relic of a previous era.

Details

Property type

Single Family Residence

Est. home value

$1,040,615

Property condition

Updated/Remodeled

Lot size

0.47 acres

Price per sq ft

$522

Year built

1947

Annual property taxes

$16,805

HOA

No

Price History

07/17/2024
FMLS

FMLS #7306037

Sold
$750,000
-9.64%
06/07/2024
FMLS

FMLS #7306037

Pending
$830,000
03/26/2024
FMLS

FMLS #7306037

Price change
$830,000
-5.14%

Schools & Community

Neighborhood: 

Piedmont Heights

Elementary school: 

Morningside-

Middle school: 

David T Howard

High school: 

Midtown

Community features: 

Restaurant, 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

$1,038,213
Asking price
$1,650,000
Closing costs (~8% of asking)
-$132,000
Est. remaining loan balance
-$479,787
Cash to seller
$1,038,213

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

$479,787

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?

Status: Coming Soon

Tomo last checked: 01/10/2025 at 4:50 PM

Listing updated: 01/10/2025 at 1:25 PM

Listed by: Neal W Heery, Atlanta Fine Homes Sotheby's International Phone #: (404) 237-5000

MLS: FMLS #7507407

FMLS logo

Recently listed in Atlanta