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$160,000

Beds
3
Baths
1.0
sq ft
Unknown

6160 Cedar Wood Dr, Atlanta, GA 30349

6160 Cedar Wood Dr

Atlanta, GA 30349

  • 45 days on market
    • Price drop $10,000↓
Perfect opportunity for an investor looking for a rental with a great return or a first-time home buyer ready to put some sweat equity into their new home. This 3 bedroom brick ranch has brand new paint and carpet throughout with a spacious floorplan. Complete with a carport and extra large backyard, this home has a new HVAC and water heater (2022) and could be rented as-is for $1500-$1700. The Seller has never lived in the property and will be selling this house in as-is condition. Can sell in a package along with 6125 Cedar Wood. Due diligence to be completed prior to any offers accepted.

Details

Property type

Single Family Residence

Est. home value

$201,455

Property condition

Updated/Remodeled

Lot size

0.24 acres

Price per sq ft

Unknown

Year built

1970

Annual property taxes

$2,234

HOA

No

Price History

09/16/2024
FMLS

FMLS #7442523

Price change
$160,000
-5.88%
08/21/2024
FMLS

FMLS #7442523

Listed
$170,000
-2.86%
07/27/2024
FMLS

FMLS #7408543

Removed
$175,000

Schools & Community

Elementary school: 

M.R. Hollis Innovation Academy

Middle school: 

McNair - Fulton

High school: 

Banneker

Community features: 

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

$87,000
Asking price
$160,000
Closing costs (~8% of asking)
-$12,800
Est. remaining loan balance
-$60,200
Cash to seller
$87,000

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

Seller’s Loan History

Lender

American Mtg Network Inc

Loan start date

July 2008

Original loan amount

$89,250

Est. remaining balance

$60,200

Interest rate

5.98%

Loan type

New Conventional, 30 year

Seller

Margaret A Jones

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: 10/05/2024 at 6:20 PM

Listing updated: 09/19/2024 at 3:55 PM

Listed by: Vesta Consulting Group, Keller Williams Realty Intown ATL Phone #: (404) 541-3500

MLS: FMLS #7442523

FMLS logo

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