tomo logo

$464,000

Beds
2
Baths
2.0
sq ft
1,172

563 SE Memorial Drive SE Unit 401, Atlanta, GA 30312

563 SE Memorial Drive SE Unit 401

Atlanta, GA 30312

  • 84 days on market
We are pleased to share the availability of an exceptional property located in the vibrant urban setting of the city. We introduce Oakland Park, a luxurious boutique condominium conveniently situated near Grant Park, the historic Oakland Cemetery, the Atlanta Beltline, and a wide array of shopping, recreational, and leisure activities, all while offering breathtaking views of the Atlanta skyline. Notably, this building is Atlanta’s first LEED Silver certified condominium. Amenities include a fully equipped fitness room, gated parking, and a rooftop deck that provides stunning views of the city. This particular unit features hardwood flooring, expansive windows, and is among the largest in the building. The two-bedroom, two-bathroom layout includes a primary suite with an attached bathroom and walk-in closet, while the second room can be utilized to suit various needs. This presents a unique opportunity to acquire a luxury condominium in this highly sought-after downtown neighborhood.

Details

Property type

Condominium

Est. home value

$489,995

Lot size

1,172 sq ft

Price per sq ft

$396

Year built

2007

Annual property taxes

$6,365

Monthly HOA fee

$389

Price History

08/30/2024
FMLS

FMLS #7446483

Listed
$464,000
+13.17%
02/22/2021
FMLS

FMLS #6830799

Sold
$410,000

Schools & Community

Neighborhood: 

Grant Park

Elementary school: 

Parkside

Middle school: 

Martin L. King Jr.

High school: 

Maynard Jackson

Community features: 

Park

Number of units in community: 

1

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

$70,904
Asking price
$464,000
Closing costs (~8% of asking)
-$37,120
Est. remaining loan balance
-$355,976
Cash to seller
$70,904

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

Seller’s Loan History

Lender

Ameris Bank

Loan start date

February 2021

Original loan amount

$389,500

Est. remaining balance

$355,976

Interest rate

2.65%

Loan type

New Conventional, 30 year

Seller

Daniel Swain

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: 11/22/2024 at 5:25 AM

Listing updated: 08/31/2024 at 8:06 AM

Listed by: Allen Kamara, Real Broker, LLC. Phone #: (855) 450-0442

MLS: FMLS #7446483

FMLS logo

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