tomo logo

$174,900

Beds
4
Baths
2.0
sq ft
Unknown

516 Fairlane Cir NW, Atlanta, GA 30331

516 Fairlane Cir NW

Atlanta, GA 30331

  • Pending
    • Price drop $4,100↓
Welcome to Quiet Fairlane Heights! This accessible home is located close to the Perimeter of I-285 and just South of I-20 for convenient commutes to Downtown Atlanta, Hartsfield-Jackson Intl Airport, as well as nearby Elementary Schools and the MARTA bus line. This Four Sided 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. Access provided daily from 9a-9p with an appointment. Property sold as-is.

Details

Property type

Single Family Residence

Est. home value

$203,137

Lot size

7,632 sq ft

Price per sq ft

Unknown

Year built

1960

Annual property taxes

$2,257

HOA

No

Price History

09/22/2024
FMLS

FMLS #7410892

Pending
$174,900
08/10/2024
FMLS

FMLS #7410892

Price change
$174,900
-2.29%
07/26/2024
FMLS

FMLS #7410892

Price change
$179,000
-2.19%

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

$89,384
Asking price
$174,900
Closing costs (~8% of asking)
-$13,992
Est. remaining loan balance
-$71,524
Cash to seller
$89,384

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

$71,524

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: Pending/Under Contract

Tomo last checked: 10/05/2024 at 9:45 PM

Listing updated: 09/22/2024 at 3:15 PM

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

MLS: FMLS #7410892

FMLS logo

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