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$262,500

Beds
3
Baths
2.5
sq ft
2,304

502 N Summit, Stone Mountain, GA 30083

502 N Summit

Stone Mountain, GA 30083

  • 40 days on market
Welcome to your new home in Stone Mountain, GA, located in a peaceful cul-de-sac. This charming residence features 3 bedrooms and 2.5 bathrooms, perfect for comfortable living. The spacious primary bedroom upstairs boasts vaulted ceilings and a private en-suite bathroom, offering a serene retreat. The home is well-appointed with brand new stainless steel appliances, including a dishwasher, refrigerator, gas range, and oven. The cozy living room features a fireplace, creating a warm ambiance. Adjacent to the living room is a versatile space that can be converted back into a sunroom or adapted to suit your needs. The full, unfinished basement provides ample potential for customization and expansion. Enjoy outdoor activities in the fully fenced backyard, accessible from the back deck or the 2 car garage. Recent upgrades include a a new roof and a water heater that's only 2 years old. Conveniently located near major highways, shopping plazas, grocery stores, parks, and dining options, this home offers both comfort and convenience. To give you peace of mind, the seller is offering a one-year home warranty. Don’t miss the chance to make this home yours! Schedule your tour today!

Details

Property type

Single Family Residence

Est. home value

$252,874

Lot size

8,712 sq ft

Price per sq ft

$114

Year built

1986

Annual property taxes

$4,004

Price History

08/10/2024
FMLS

FMLS #7438437

Listed
$262,500
-2.74%
06/03/2024
FMLS

FMLS #7347276

Removed
$269,900
04/05/2024
FMLS

FMLS #7347276

Listed
$269,900
+241.21%

Schools & Community

Elementary school: 

Allgood - Dekalb

Middle school: 

Freedom - Dekalb

High school: 

Clarkston

Community features: 

None

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

$173,877
Asking price
$262,500
Closing costs (~8% of asking)
-$21,000
Est. remaining loan balance
-$67,623
Cash to seller
$173,877

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

Seller’s Loan History

Lender

Homestar Financial Corp

Loan start date

June 2015

Original loan amount

$83,985

Est. remaining balance

$67,623

Interest rate

3.85%

Loan type

FHA, 30 year

Seller

Shacora S Nelson

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: 09/18/2024 at 8:15 PM

Listing updated: 08/16/2024 at 6:45 AM

Listed by: Bashira Shamsiddeen, Boardwalk Realty Associates, Inc. Phone #: (404) 793-7788

MLS: FMLS #7438437

FMLS logo

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