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$180,000

Beds
2
Baths
2.0
sq ft
1,064

498 Prince of Wales, Stone Mountain, GA 30083

498 Prince of Wales

Stone Mountain, GA 30083

  • 51 days on market
    • Price drop $10,000↓
Welcome to your next investment opportunity! Located in a thriving community, 2 bedroom, 2 full baths being sold as-is, this property is perfect for those looking to add to their portfolio or for first-time investors seeking a promising venture. Spacious and functional layout with 2 cozy bedrooms and 2 full bathrooms Open-concept living and dining areas ideal for entertaining and daily living In-unit laundry for added convenience No rental restrictions, offering excellent income potential from day one Low maintenance property, ideal for both short-term and long-term rentals Prime location with easy access to shopping, dining, entertainment, and public transportation Strong market demand in the area, ensuring consistent occupancy rates. It has a new roof less than a year old, new coding and HVAC was replaced 4 years ago by the sellers.

Details

Property type

Townhouse

Est. home value

$149,358

Lot size

1,307 sq ft

Price per sq ft

$170

Year built

1983

Annual property taxes

$2,812

HOA

Yes

Price History

10/10/2024
FMLS

FMLS #7458524

Price change
$180,000
-5.26%
09/19/2024
FMLS

FMLS #7458524

Listed
$190,000

Schools & Community

Elementary school: 

Rockbridge - Dekalb

Middle school: 

Stone Mountain

High school: 

Stone Mountain

Community features: 

None

Number of units in community: 

1

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

$143,182
Asking price
$180,000
Closing costs (~8% of asking)
-$14,400
Est. remaining loan balance
-$22,418
Cash to seller
$143,182

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

Seller’s Loan History

Lender

Nf Invs Inc

Loan start date

October 1999

Original loan amount

$62,484

Est. remaining balance

$22,418

Interest rate

7.88%

Loan type

FHA, 30 year

Seller

Farmer, Ruby L

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: 11/08/2024 at 8:55 PM

Listing updated: 10/10/2024 at 6:27 PM

Listed by: The Rains Team, Pend Realty, LLC. Phone #: (888) 641-7363

MLS: FMLS #7458524

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