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$175,000

Beds
3
Baths
1.0
sq ft
1,008

500 E 3rd St, Rome, GA 30161

500 E 3rd St

Shannon, GA 30172

  • 12 days on market
Charming 1920s Bungalow with Modern Updates and Rental Potential near beautiful Rome Ga, scenic settings, and great parks! Discover the perfect blend of historic charm and modern convenience in this delightful 3-bedroom, 1-bath bungalow. Built in the 1920s, this ranch-style home features beautiful original hardwood floors, tall ceilings, decorative fire places, abundant natural light, and a welcoming ambiance. Enjoy peace of mind with recent updates, including a modernized kitchen, a brand-new HVAC system, a new electrical panel, a new water heater, and newer windows and front door. The attic has lots of storage potential and the level yard offers easy maintenance in a quiet, established neighborhood. Whether you’re searching for a cozy home or a fantastic investment opportunity, this property has incredible potential. Its desirable location, updated features, and timeless appeal make it a smart choice for investors and homeowners alike. Don’t miss out—schedule your showing today and explore the possibilities! After viewing the house be sure to check out the 22 acre Shag Williams Park with amenities that include basketball courts, disc golf, playgrounds, tennis courts, ball fields, and trails. GOOGLE MAPS-500 Third Street, Shannon GA 30172 or WAZE APP- 500 3rd St NE, Shannon Ga 30172.

Details

Property type

Single Family Residence

Est. home value

$138,439

Lot size

7,405 sq ft

Price per sq ft

$174

Year built

1926

Annual property taxes

$563

HOA

No

Price History

03/13/2025
FMLS

FMLS #7534485

Listed
$175,000
+78.57%
01/31/2022
GeorgiaMLS

GeorgiaMLS #9072651

Sold
$98,000

Schools & Community

Elementary school: 

Model

Middle school: 

Model

High school: 

Model

Community features: 

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

$87,712
Asking price
$175,000
Closing costs (~8% of asking)
-$14,000
Est. remaining loan balance
-$73,288
Cash to seller
$87,712

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

Seller’s Loan History

Lender

Fairway Independent Mortgage

Loan start date

January 2022

Original loan amount

$78,400

Est. remaining balance

$73,288

Interest rate

3.12%

Loan type

New Conventional, 30 year

Seller

Sharon Hayes Deck

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: 03/17/2025 at 1:15 AM

Listing updated: 03/14/2025 at 8:05 AM

Listed by: Joshua Wallace, Georgian Home Realty Inc. Phone #: (770) 783-5237

MLS: FMLS #7534485

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$175,000|3 bd|1.0 ba|House
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