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$2,050,000

Beds
7
Baths
6.5
sq ft
5,850

532 Bishop Way NE, Atlanta, GA 30312

532 Bishop Way NE

Atlanta, GA 30312

  • 103 days on market
    • Price drop $50,000↓
Nestled at the end of a private street in the heart of Atlanta’s vibrant Old Fourth Ward, this spacious and luxurious hidden gem is one of a few exclusive residences providing direct access to Freedom Park Trail and the Atlanta Beltline just 2 blocks away. This trophy home is the envy of the neighborhood, boasting unmatched space and convenience, an oversized 2-car garage, off-street parking, and a private heated pool/ spa oasis retreat – perfect for unwinding after a long day. Luxury is truly in the details across the three distinct levels of living space. Upon entry, you are greeted by impressive 12-foot coffered ceilings and exquisite millwork, setting the stage for an unforgettable experience. The dreamy main level offers an open concept layout with floor-to-ceiling windows and a gourmet kitchen featuring new top-of-the-line appliances and custom cabinetry. A see-through fireplace adds warmth and ambiance, while French doors lead to a covered patio overlooking the resort-style heated pool/ spa oasis. Complete with an outdoor kitchen, expansive decks, and lush landscaping, this private oasis is perfect for year-round enjoyment. The first of two primary bedroom suites is on this main level and offers a private bath, walk-in closet and private exterior entrance. It is currently a highly successful Airbnb. Ascend the stairs to find the second private owner's suite, offering a zen-like escape from the day-to-day. This expansive haven features a vaulted ceiling, see-thru fireplace, covered balcony overlooking the pool, and has a spa-like bathroom with double vanities, huge double shower, soaking tub, separate water closet and gorgeous custom tile work; plus, a spacious double closet. This level also includes 3 additional large en-suite bedrooms, a laundry room with sink, and a convenient coffee bar. Next is the top level. With its own private entrance, this level offers total versatility. It features two additional bedrooms, an office area, a kitchenette, a second laundry room, and a huge living space boasting dramatic skyline and treetop vistas. Ideal for an amazing recreation area large enough to accommodate a pool/ game table area, home theater and exercise area or for rental/ in-law/ nanny quarters. An elevator shaft exists should the next owner wish to install an elevator to access all three levels. This exceptional property is unlike any other in Atlanta. From the custom-designed interior with exquisite details to the flex spaces to the direct access to the most exciting Intown neighborhoods from your doorstep, 532 Bishop Way offers an unparalleled living experience. Whether you enjoy morning runs to Piedmont Park, midday bike rides to Ponce City Market, or evening strolls to dinner in nearby Inman Park, this location and truly luxurious residence offer unparalleled access to all that Intown living affords. Located just steps from nearby schools, one mile from downtown and a short drive to the airport, it offers the best of all worlds! This is your chance to live in the heart of the action, with income potential and the peacefulness of a private oasis right at your fingertips.

Details

Property type

Single Family Residence

Est. home value

$1,804,988

Lot size

4,966 sq ft

Price per sq ft

$351

Year built

2008

Annual property taxes

$22,193

Monthly HOA fee

$175

Price History

06/18/2024
FMLS

FMLS #7354862

Price change
$2,050,000
-2.38%
04/03/2024
FMLS

FMLS #7354862

Listed
$2,100,000
+28.83%
02/18/2022
FMLS

FMLS #6953460

Sold
$1,630,000
+171.67%

Schools & Community

Neighborhood: 

Old Fourth Ward

Elementary school: 

Hope-Hill

Middle school: 

David T Howard

High school: 

Midtown

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

$1,286,768
Asking price
$2,050,000
Closing costs (~8% of asking)
-$164,000
Est. remaining loan balance
-$599,232
Cash to seller
$1,286,768

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

Seller’s Loan History

Lender

Mortgage Assurance

Loan start date

February 2022

Original loan amount

$630,000

Est. remaining balance

$599,232

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

Jean Paul Purdy and James Bradley White

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: 07/01/2024 at 11:15 AM

Listing updated: 06/18/2024 at 9:06 PM

Listed by: Jeff Payne, Best Atlanta Properties, LLC. Phone #: (404) 797-1157

MLS: FMLS #7354862

FMLS logo

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