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$160,000

Beds
4
Baths
2.0
sq ft
Unknown

516 Fairlane Cir NW, Atlanta, GA 30331

516 Fairlane Cir NW

Atlanta, GA 30331

  • 37 days on market
    • Price drop $8,900↓
Welcome to Quiet Fairlane Heights! This accessible home is located close to the Perimeter of I-285 and nearby I-20 for convenient commutes to Downtown Atlanta, Hartsfield-Jackson Intl Airport, and steps from Harper-Archer Elementary School and the MARTA bus line. This Brick home has been well maintained - and is perfect for any homebuyer or investor. Carpet throughout the Living area, Hallways and Bedrooms, with the Original Hardwoods underneath most areas. Three bedrooms share one bathroom whilst the larger, Primary Bedroom Suite has its own tub/shower combo and large vanity. Don't miss the Flat Backyard! New Exterior paint and Carpet in the bedrooms. The Large Unfinished Basement with separate entry allows for more opportunities such as shop space, ample storage, additional office, or a studio apartment. AHA Rental Estimate $1,916/mth. Access provided daily from 9a-9p with an appointment. Property sold as-is, with right to inspect.

Details

Property type

Single Family Residence

Est. home value

$203,137

Property condition

Fixer

Lot size

7,632 sq ft

Price per sq ft

Unknown

Year built

1960

Annual property taxes

$2,191

HOA

No

Price History

02/22/2025
FMLS

FMLS #7516866

Price change
$160,000
-5.27%
02/21/2025
FMLS

FMLS #7516866

Listed
$168,900
02/21/2025
FMLS

FMLS #7516866

Removed
$168,900

Schools & Community

Neighborhood: 

Fairburn Heights

Elementary school: 

Harper-Archer

Middle school: 

John Lewis Invictus Academy/Harper-Archer

High school: 

Frederick Douglass

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

$76,404
Asking price
$160,000
Closing costs (~8% of asking)
-$12,800
Est. remaining loan balance
-$70,796
Cash to seller
$76,404

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

Seller’s Loan History

Lender

Ameris Bank

Loan start date

March 2020

Original loan amount

$78,750

Est. remaining balance

$70,796

Interest rate

3.51%

Loan type

New Conventional, 30 year

Seller

Ravi Chinoy

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: 03/10/2025 at 4:50 AM

Listing updated: 02/25/2025 at 11:15 AM

Listed by: Investus Group, Bolst, Inc. Phone #: (404) 482-2293

MLS: FMLS #7516866

FMLS logo

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