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$205,000

Beds
2
Baths
1.0
sq ft
Unknown

592 Formwalt St SW, Atlanta, GA 30312

592 Formwalt St SW

Atlanta, GA 30312

  • 116 days on market
    • Price drop $45,000↓
592 Formwalt St. is a fixer or tear down. The Zoning is SPI-18, similar to R-5, it allows the property to be rebuilt as 2 connected homes, each of which can be conveyed, sold, separately as 2 fee simple townhomes. See similar projects across the street and on Eugenia street. Complete Survey and Architectural plans available. Previous 2023 buyer had plans that called for (2) 4bedroom/3 bath townhomes on 3 levels, each!. Seller is not distressed. Title work took over a year to clear due to Fulton County, but is now ready for a new Builder to purchase! Publix in Summerhill is close by!

Details

Property type

Single Family Residence

Est. home value

$197,518

Property condition

Fixer

Lot size

8,002 sq ft

Price per sq ft

Unknown

Year built

1920

Annual property taxes

$2,165

HOA

No

Price History

10/24/2024
FMLS

FMLS #7428108

Price change
$205,000
-18%
09/16/2024
FMLS

FMLS #7428108

Price change
$250,000
-7.41%
07/26/2024
FMLS

FMLS #7428108

Listed
$270,000

Schools & Community

Neighborhood: 

Mechanicsville

Elementary school: 

Paul L. Dunbar

Middle school: 

Martin L. King Jr.

High school: 

Maynard Jackson

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

Burden Simeon

Loan start date

July 2016

Original loan amount

$16,000

Est. remaining balance

$0

Interest rate

3.66%

Loan type

New Conventional, 1 year

Seller

Carolyn Sparks

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: 11/19/2024 at 6:35 AM

Listing updated: 10/24/2024 at 10:10 AM

Listed by: Tom Atkinson, Keller Knapp Phone #: (404) 370-0092

MLS: FMLS #7428108

FMLS logo

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