tomo logo

$1,195,850

Beds
7
Baths
6.0
sq ft
4,372

564 John Wesley Dobbs Ave NE, Atlanta, GA 30312

564 John Wesley Dobbs Ave NE

Atlanta, GA 30312

  • <1 day on market
This legal triplex of mammoth size offers a fantastic investment opportunity in the heart of the Old Fourth Ward. Each of the three units is individually metered for utilities, providing an efficient management setup. The property features private front and back entrances for each apartment, enhancing privacy and convenience for tenants. Located near popular Atlanta destinations like the Beltline, Freedom Parkway, Krog Street Market, and Edgewood Avenue, this property is ideal for residents seeking a vibrant, walkable neighborhood. The property combines old-world charm with modern amenities. It was originally built in 1920, and while it retains many of its historic features—such as exposed brick, heavy millwork, and hardwood floors—it has been upgraded with high-end finishes throughout. The kitchens are outfitted with granite countertops and stainless-steel appliances, while select rooms feature new hardwood floors. The home’s soaring 12-foot ceilings create a spacious, airy feel on both levels. The entire exterior was freshly painted in 2020, adding to its curb appeal, while the back deck was completely reconstructed in 2022 with heavy-duty 2x6 decking construction. The property includes parking for five vehicles in the back, with additional street parking available for guests. The landscaping is easy to maintain, requiring minimal upkeep, with only the front yard needing attention. See the document section for the financial statement and additional property information.

Details

Property type

Single Family Residence

Est. home value

$1,333,910

Lot size

6,120 sq ft

Price per sq ft

$274

Year built

1920

Annual property taxes

$21,854

HOA

No

Price History

10/18/2024
FMLS

FMLS #7471421

Listed
$1,195,850
+44.43%
12/27/2017
FMLS

FMLS #5913591

Sold
$828,000
+590%
12/08/2010
FMLS

FMLS #4115506

Sold
$120,000
-53.13%

Schools & Community

Neighborhood: 

Old Fourth Ward

Elementary school: 

Hope-Hill

Middle school: 

David T Howard

High school: 

Midtown

Community features: 

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

$527,640
Asking price
$1,195,850
Closing costs (~8% of asking)
-$95,668
Est. remaining loan balance
-$572,542
Cash to seller
$527,640

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

Seller’s Loan History

Lender

Cbc National Bank

Loan start date

December 2017

Original loan amount

$662,400

Est. remaining balance

$572,542

Interest rate

3.9%

Loan type

New Conventional, 30 year

Seller

Philip Wayne Fetterman

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: 10/18/2024 at 2:20 PM

Listing updated: 10/18/2024 at 10:45 AM

Listed by: Ken Kraften, RE/MAX Metro Atlanta Cityside Phone #: (404) 371-4419

MLS: FMLS #7471421

FMLS logo

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