tomo logo

$579,000

Beds
2
Baths
2.0
sq ft
1,216

640 Glen Iris Dr NE Unit 618, Atlanta, GA 30308

640 Glen Iris Dr NE Unit 618

Atlanta, GA 30308

  • 235 days on market
    • Price drop $10,000↓
Absolutely stunning penthouse level unit spanning two stories, situated in the sought-after Glen Iris Lofts and conveniently located across from Ponce City Market, Whole Foods, The Atlanta BeltLine, and an array of popular parks, shops, and restaurants. This rarely available open-concept residence boasts magnificent 25-foot ceilings, hardwood floors, open-riser wood stairs with sleek metal railings, and a striking wall of casement windows that seamlessly blend the indoors with the outdoors. The welcoming foyer leads to a main-level bedroom and full bath with a sliding door and ample coat closet. The bright and airy white kitchen features granite countertops, a glass subway tile backsplash, and stainless steel appliances, and flows into the expansive two-story family room. From the family room, a glass door leads to the spacious private back deck, providing a perfect spot for unwinding and taking in the surroundings. Upstairs, the home offers an oversized primary suite with high ceilings and a spa-like bath boasting a soaking tub, separate shower, and granite counters. There is also a large, private balcony off the second floor. Both HVAC units have recently been replaced as well. This exceptional property comes with two covered and deeded parking spaces, access to a salt-water community pool, and two dog runs. The association also covers high-speed Google Fiber internet, water, sewer, gas, trash, dog runs, and pool maintenance, making for a truly convenient and luxurious living experience

Details

Property type

Condominium

Est. home value

$561,592

Lot size

1,220 sq ft

Price per sq ft

$477

Year built

2002

Annual property taxes

$4,819

Monthly HOA fee

$557

Price History

01/04/2024
FMLS

FMLS #7307296

Removed
$589,000
11/28/2023
FMLS

FMLS #7307296

Listed
$589,000
+14.37%
02/04/2022
FMLS

FMLS #6983677

Sold
$515,000
+6.19%

Schools & Community

Neighborhood: 

Old Fourth Ward

Elementary school: 

Hope-Hill

Middle school: 

David T Howard

High school: 

Midtown

Community features: 

Gated, Park, Pool, Restaurant, Street Lights

Number of units in community: 

1

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

$107,435
Asking price
$579,000
Closing costs (~8% of asking)
-$46,320
Est. remaining loan balance
-$425,245
Cash to seller
$107,435

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

Seller’s Loan History

Lender

Southstate Bank

Loan start date

February 2022

Original loan amount

$448,750

Est. remaining balance

$425,245

Interest rate

3.12%

Loan type

New Conventional, 30 year

Seller

Gregory Ross Howell

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: 08/26/2024 at 5:25 AM

Listing updated: 03/22/2024 at 2:28 PM

Listed by: Jared Sapp, Atlanta Fine Homes Sotheby's International Phone #: (404) 237-5000

MLS: FMLS #7319669

FMLS logo

Recently listed in Atlanta

$2,800,000|7 bd|5.5 ba|House
$5,350,000|5 bd|8.0 ba|House
$244,900|3 bd|2.0 ba|House
$895,000|5 bd|4.0 ba|House
$915,000|5 bd|3.5 ba|House
$395,000|4 bd|2.5 ba|House
$1,500,000|5 bd|5.5 ba|House