tomo logo

$489,900

Beds
3
Baths
2.0
sq ft
1,990

496 W Ontario Ave SW, Atlanta, GA 30310

496 W Ontario Ave SW

Atlanta, GA 30310

  • 4 days on market
Gorgeous 30s home with original features plus Detached Rentable ADU in back. Main house has 3 bed 2 bath plus a detached garage with a 1 bed 1 bath unit above the garage. Perfect for House Hacking, long term rental, AirBnB potential, offset your mortgage with the back unit. Main house is 4 sided brick with entrance foyer, bedroom or office off to the left with full bath. Large family room shows beauty of original hardwood floors with fireplace. Kitchen and laundry room lead to back patio and out to rear yard. Upstairs has 2 oversized bedrooms and additional full bath. Unfinished basement area offers extra storage. Property offers a large flat fenced lot with a place for a fire pit and amble parking pad space. Detached garage is more of a storage hybrid than traditional garage and has a brand new 1 bed 1 bath unit above it fully equipped with living space and kitchen. It has its own hookups for washer/dryer in the garage space. Tons of options and potential!

Details

Property type

Single Family Residence

Est. home value

$432,686

Lot size

0.24 acres

Price per sq ft

$247

Year built

1936

Annual property taxes

$6,506

Price History

07/03/2024
FMLS

FMLS #7414905

Listed
$489,900
-4.86%
05/29/2024
FMLS

FMLS #7338998

Removed
$514,900
05/02/2024
FMLS

FMLS #7338998

Price change
$514,900
-3.74%

Schools & Community

Neighborhood: 

West View

Elementary school: 

Tuskegee Airman Global Academy

Middle school: 

Herman J. Russell West End Academy

High school: 

Booker T. Washington

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

$164,707
Asking price
$489,900
Closing costs (~8% of asking)
-$39,192
Est. remaining loan balance
-$286,001
Cash to seller
$164,707

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

Seller’s Loan History

Lender

Shelter Home Mortgage

Loan start date

October 2022

Original loan amount

$292,500

Est. remaining balance

$286,001

Interest rate

5.66%

Loan type

New Conventional, 30 year

Seller

Jessica Billingsley

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: 07/07/2024 at 6:55 PM

Listing updated: 07/04/2024 at 11:46 AM

Listed by: Ryan Johnston, Atlanta Fine Homes Sotheby's International Phone #: (770) 442-7300

MLS: FMLS #7414905

FMLS logo

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