tomo logo

$275,000

Beds
4
Baths
2.0
sq ft
1,635

5566 Downs Way, Lithonia, GA 30058

5566 Downs Way

Lithonia, GA 30058

  • 8 days on market
Remodeled home with new kitchen shaker white cabinets, quartz countertop, features backsplash and all stainless steel appliances. New LVP flooring throughout main floor and master bedroom suite. Family room features a feature fireplace and floating shelving. Large master bedroom suite features a beautiful accent wall. Large master closet. Update master bathroom with tile standing shower. Large deck for great entertainment. Bonus bedroom on main floor. Other bedrooms upstairs with its own bathroom upstairs. Large fenced backyard, great for family pets! Minutes from your local shopping center! No HOA!

Details

Property type

Single Family Residence

Est. home value

$227,218

Lot size

8,712 sq ft

Price per sq ft

$169

Year built

1989

Annual property taxes

$1,709

Price History

09/11/2024
FMLS

FMLS #7454435

Listed
$275,000
-3.51%
09/01/2024
FMLS

FMLS #7429988

Removed
$285,000
07/31/2024
FMLS

FMLS #7429988

Listed
$285,000
+261.22%

Schools & Community

Elementary school: 

Panola Way

Middle school: 

Miller Grove

High school: 

Miller Grove

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

$223,283
Asking price
$275,000
Closing costs (~8% of asking)
-$22,000
Est. remaining loan balance
-$29,717
Cash to seller
$223,283

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

Seller’s Loan History

Lender

Navy Federal Credit Union

Loan start date

August 2023

Original loan amount

$31,000

Est. remaining balance

$29,717

Interest rate

6.3%

Loan type

New Conventional, 15 year

Seller

Chenaughka Reynolds

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: 09/19/2024 at 6:05 PM

Listing updated: 09/12/2024 at 8:06 AM

Listed by: Phi Nguyen, Ascend Realty Group, LLC Phone #: (770) 532-9557

MLS: FMLS #7454435

FMLS logo

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