tomo logo

$199,900

Beds
2
Baths
1.0
sq ft
1,145

550 Lake Dr, Atlanta, GA 30354

550 Lake Dr

Hapeville, GA 30354

  • 2 days on market
Bring your tool belt! This handy man special is located near the airport, highways, schools and hospitals. Minutes from downtown, Mercedes Benz Stadium, World Congress Center and all the Atlanta Beltline has to offer. Investors this could be a great property to flip, rent out weekly for all downtown has to offer travelers being near Hartsfield International Airport, or a rental property.

Details

Property type

Single Family Residence

Est. home value

$246,472

Property condition

Fixer

Lot size

6,098 sq ft

Price per sq ft

$175

Year built

1920

Annual property taxes

$2,505

HOA

No

Price History

02/28/2025
FMLS

FMLS #7532770

Listed
$199,900
+364.88%
12/22/2014
FMLS

FMLS #5346858

Sold
$43,000

Schools & Community

Elementary school: 

Hapeville

Middle school: 

Paul D. West

High school: 

Tri-Cities

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

$139,404
Asking price
$199,900
Closing costs (~8% of asking)
-$15,992
Est. remaining loan balance
-$44,504
Cash to seller
$139,404

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

Seller’s Loan History

Lender

Boyle Charles

Loan start date

December 2014

Original loan amount

$104,700

Est. remaining balance

$44,504

Interest rate

3.21%

Loan type

New Conventional, 16 year

Seller

Jose Luna

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?

Status: Active

Tomo last checked: 03/03/2025 at 2:10 PM

Listing updated: 03/01/2025 at 8:11 AM

Listed by: Kent R Miller, RE/MAX Advantage Phone #: (770) 478-7950

MLS: FMLS #7532770

FMLS logo

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