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$334,900

Beds
8
Baths
3.0
sq ft
2,244

494 S Malton Ct, Stone Mountain, GA 30083

494 S Malton Ct

Stone Mountain, GA 30083

  • 1 day on market
Calling all real estate investors looking for a strong return on investment! 494 South Malton Court in Stone Mountain presents a fantastic opportunity to acquire a property with a 10.3% cap rate. This 8-bedroom, 3-bathroom property is a turnkey, operating PadSplit with a strong track record of high occupancy. PadSplit is a housing solution platform that helps members find accessible housing throughout the nation. The property is leased directly to PadSplit PadSplit sources and screens members for property owners making this an easy lift for both first-time and seasoned investors alike. Google PadSplit to learn more about the platform and becoming a PadSplit host. Located near North Hairston Road, 494 South Malton Court is just 0.4 miles to the nearest Marta Bus route. A direct bus ride takes you to Indian creek MARTA station a short 15-mins by bus making it easy and seamless to access all of Metro Atlanta. Mere minutes to a Walmart Supercenter, the location is prime for current and future occupants who seek the convenience of having groceries and shopping just a short ride away. Make this cash-flowing winner a part of your real estate portfolio today!

Details

Property type

Single Family Residence

Est. home value

$328,047

Lot size

0.36 acres

Price per sq ft

$150

Year built

1978

Annual property taxes

$5,754

HOA

No

Price History

02/21/2025
FMLS

FMLS #7528584

Listed
$334,900
+28.81%
08/23/2021
FMLS

FMLS #6921659

Sold
$260,000
+48.66%
05/03/2019
FMLS

FMLS #6530833

Sold
$174,900

Schools & Community

Elementary school: 

Rockbridge - Dekalb

Middle school: 

Stone Mountain

High school: 

Stone Mountain

Community features: 

Restaurant, 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

$127,452
Asking price
$334,900
Closing costs (~8% of asking)
-$26,792
Est. remaining loan balance
-$180,656
Cash to seller
$127,452

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

Seller’s Loan History

Lender

Stockton Mortgage

Loan start date

October 2021

Original loan amount

$195,000

Est. remaining balance

$180,656

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Aditya Bansal and Nupur Chandna

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: Active

Tomo last checked: 02/23/2025 at 12:45 AM

Listing updated: 02/22/2025 at 8:05 AM

Listed by: Allison Haywood, Bolst, Inc. Phone #: (404) 482-2293

MLS: FMLS #7528584

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