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$179,900

Beds
3
Baths
2.0
sq ft
Unknown

5883 Margaret Cir, Atlanta, GA 30349

5883 Margaret Cir

Atlanta, GA 30349

  • 163 days on market
    • Price drop $10,000↓
Welcome home to an exciting repair opportunity - includes a primary .46 acre lot and an additional 1.83 acre lot, totaling 2.26 acres. This large brick ranch features 3 bedrooms, 2 baths on a crawlspace, offering character and charm. The light, bright, and open ranch floor plan flows easily, but will need your attention to detail and sweat equity to bring it back to livable and lendable condition. The spacious main level living room gets plenty of natural light. The kitchen will need to be entirely rebuilt, though some cabinets remain - it's mostly a shell. The bedrooms are efficiently sized and will need cosmetic updates. The bathrooms are framed but offer a blank canvas for your decorating ideas. There's easy access to the large garage off the kitchen, where the laundry is located. Note that the main septic waste line in the bathrooms is cracked and blocked. The private, wooded, fenced backyard with a deck adds potential to the property, making it ideal for a rehab specialist. The location is very convenient with easy access to area amenities, schools, the airport, medical facilities, and major roads. Previously used as a rental, the seller has never occupied the property. It's being sold strictly "as is" with no disclosures, survey, or termite letter provided. Buyers have the right to an inspection, but closing cannot occur within 21 days of the binding date as the seller needs time to coordinate title and closing. Inspect, compare, and price for the area.

Details

Property type

Single Family Residence

Est. home value

$216,585

Lot size

0.46 acres

Price per sq ft

Unknown

Year built

1966

Annual property taxes

$1,306

HOA

No

Price History

10/10/2024
FMLS

FMLS #7394472

Price change
$179,900
-5.27%
09/19/2024
FMLS

FMLS #7394472

Price change
$189,900
-5%
08/14/2024
FMLS

FMLS #7394472

Price change
$199,900
-4.76%

Schools & Community

Elementary school: 

Northcutt

Middle school: 

North Clayton

High school: 

North Clayton

Community features: 

None

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bank Of America Na

Loan start date

December 2009

Original loan amount

$64,470

Est. remaining balance

Not provided

Interest rate

4.92%

Loan type

Stand Alone Second, 30 year

Seller

Gladys A Oduba

Lender

Bank Of America Na

Loan start date

February 2008

Original loan amount

$35,000

Est. remaining balance

Not provided

Interest rate

6.17%

Loan type

Stand Alone Second, 25 year

Seller

Gladys N Oduba

Lender

Bank Of America Na

Loan start date

June 2006

Original loan amount

$25,000

Est. remaining balance

Not provided

Interest rate

6.58%

Loan type

Stand Alone Second, 25 year

Seller

Gladys A Oduba

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: 11/08/2024 at 12:35 PM

Listing updated: 10/14/2024 at 6:41 AM

Listed by: Marc Oppenheimer, Atlanta Communities Phone #: (404) 844-4198

MLS: FMLS #7394472

FMLS logo