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$655,109Estimated home value

Beds
4
Baths
4.0
sq ft
2,450

537 Morgan St NE, Atlanta, GA 30308

537 Morgan St NE

Atlanta, GA 30308

  • Sold On 8/19/2024
This O4W home presents an exceptional opportunity for savvy buyers. Ideal for both owner-occupants interested in 'house hacking' and investors alike, this triplex offers versatility and charm in a prime location. The top floor features a spacious a single-family layout with 2 beds, 2 baths, a bonus room, separate living and dining areas, and a private backyard. Each of the lower units offers 1 bed and 1 bath. Whether you're looking to live in one unit and rent out the others or seeking a straightforward investment, this property blends charm and practicality with attractive investment fundamentals. Situated just one block from Ponce City Market, the Beltline, Historic Fourth Ward Park, and offering easy access to major highways and public transportation, it ensures convenience and connectivity.

Details

Property type

Single Family Residence

Est. home value

$655,109

Lot size

3,833 sq ft

Price per sq ft

$319

Year built

1920

Annual property taxes

$7,328

HOA

Yes

Price History

08/15/2024
FMLS

FMLS #7423222

Sold
$785,000
+0.65%
07/29/2024
FMLS

FMLS #7423222

Pending
$779,900
07/18/2024
FMLS

FMLS #7423222

Listed
$779,900
+218.39%

Schools & Community

Neighborhood: 

Old Fourth Ward

Elementary school: 

Hope-Hill

Middle school: 

David T Howard

High school: 

Midtown

Community features: 

Curbs, Park, Restaurant, Sidewalks, Street Lights

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

$344,963
Asking price
$779,900
Closing costs (~8% of asking)
-$62,392
Est. remaining loan balance
-$372,545
Cash to seller
$344,963

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

Seller’s Loan History

Lender

American Internet Mortgage

Loan start date

June 2021

Original loan amount

$400,000

Est. remaining balance

$372,545

Interest rate

2.97%

Loan type

New Conventional, 30 year

Seller

Joseph K Koberg

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: Off Market

Tomo last checked: 09/07/2024 at 10:15 PM

Listing updated: 08/20/2024 at 12:38 AM

Listed by: Frank Brockway, Keller Williams Realty Intown ATL Phone #: (404) 541-3500

MLS: FMLS #7423222

FMLS logo

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