tomo logo

$1,800,000

Beds
5
Baths
3.5
sq ft
4,100

577 Rankin St NE, Atlanta, GA 30308

577 Rankin St NE

Atlanta, GA 30308

  • 122 days on market
    • Price drop $199,000↓
Fantastic opportunity for a double lot, completely renovated home with pool just blocks away from Ponce City Market in Old Fourth Ward in Atlanta. This home has it all! In law suite with kitchen and fireplace, brand new hot tub, new pool with Badu swim jet, new outdoor kitchen/gazebo, new sunroom with fireplace, all new windows with motorized shades, new HVAC systems, 5 bedrooms, 3.5 baths, 3 car garage, new landscaping, new privacy fence in rear and much more. This craftsman style home offers two spacious front porches, both up and down overlooking the booming Old Fourth Ward neighborhood. There is a brand new light filled sunroom off of the rear, overlooking the beautifully landscaped new pool with swim jet, hot tub and outside kitchen. This double lot offers plenty of off-street parking also with a three car garage and fully fenced private yard with electric gate. This home is walking distance to Ponce City Market, the Atlanta Beltline, multiple restaurants, shops, parks and more.

Details

Property type

Single Family Residence

Est. home value

$1,343,600

Lot size

9,496 sq ft

Price per sq ft

$440

Year built

1965

Annual property taxes

$16,691

Price History

06/29/2024
FMLS

FMLS #7346312

Price change
$1,800,000
-9.95%
04/23/2024
FMLS

FMLS #7346312

Price change
$1,999,000
-20.04%
03/01/2024
FMLS

FMLS #7346312

Listed
$2,500,000
+127.27%

Schools & Community

Neighborhood: 

Old Fourth Ward

Elementary school: 

Hope-Hill

Middle school: 

David T Howard

High school: 

Midtown

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

$1,290,069
Asking price
$1,800,000
Closing costs (~8% of asking)
-$144,000
Est. remaining loan balance
-$365,931
Cash to seller
$1,290,069

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

Seller’s Loan History

Lender

Suntrust Bank

Loan start date

March 2016

Original loan amount

$442,500

Est. remaining balance

$365,931

Interest rate

3.81%

Loan type

New Conventional, 30 year

Seller

Tina Constantin and Edgard S El Chaar

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: 07/01/2024 at 11:45 AM

Listing updated: 06/28/2024 at 9:45 PM

Listed by: Wilmot Irvin, Atlanta Fine Homes Sotheby's International Phone #: (404) 874-0300

MLS: FMLS #7346312

FMLS logo

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