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$178,000

Beds
3
Baths
1.0
sq ft
1,856

5278 Madison St, Forest Park, GA 30297

5278 Madison St

Forest Park, GA 30297

  • 10 days on market
Calling all investors and first time homebuyers! Welcome to this charming ranch-styled, 3 bedroom, 1 bath located in the Forest Park Acres Subdivision already leased with a long-term tenant. This house comes with a guaranteed monthly income of $1,600 from the Jonesboro Housing program and just recently passed inspection. This cozy 4 sided brick home is conveniently located minutes from the highway, schools, restaurants, shopping and the airport. The home has newer paint, HVAC, and laminated wood flooring throughout the home. This home also has a large leveled backyard that's fenced and equipped with an outdoor workshop ready for all your summer projects. Schedule your showing today and make this your next easy investment!

Details

Property type

Single Family Residence

Est. home value

$158,658

Lot size

9,278 sq ft

Price per sq ft

$96

Year built

1953

Annual property taxes

$1,811

HOA

No

Price History

01/06/2025
FMLS

FMLS #7505201

Listed
$178,000
+4.77%
08/19/2024
FMLS

FMLS #7424700

Removed
$169,900
07/21/2024
FMLS

FMLS #7424700

Listed
$169,900
-8.16%

Schools & Community

Elementary school: 

Fountain

Middle school: 

Babb

High school: 

Forest Park

Community features: 

Restaurant

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Equity Trust

Loan start date

June 2021

Original loan amount

$57,500

Est. remaining balance

$0

Interest rate

2.97%

Loan type

New Conventional, 0 year

Seller

White Real Estate Investments

Lender

W E H Investments

Loan start date

June 2021

Original loan amount

$57,500

Est. remaining balance

$0

Interest rate

2.97%

Loan type

New Conventional, 0 year

Seller

White Real Estate Investments

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: 01/17/2025 at 6:40 PM

Listing updated: 01/07/2025 at 8:05 AM

Listed by: Kevin Dang, Point Honors and Associates, Realtors Phone #: (678) 869-5130

MLS: FMLS #7505201

FMLS logo

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