tomo logo

$400,000

Beds
1
Baths
1.0
sq ft
698

650 Glen Iris Dr NE Unit 18, Atlanta, GA 30308

650 Glen Iris Dr NE Unit 18

Atlanta, GA 30308

  • 46 days on market
    • Price drop $20,000↓
Step into an unparalleled urban haven nestled amidst the vibrancy of Ponce City Market, Old Fourth Ward, and the Beltline, placing the heart of Atlanta right at your doorstep. This unique loft has been meticulously transformed to epitomize modern luxury while retaining the original allure of the 1920s. Fully furnished, well-equipped, and complete with an outstanding rental history - this unit is ready to serve as an investment rental or your next home. The modern cabinetry elegantly descends from the lofty 15-foot ceilings, framing the sleeping area with clean lines. Natural light pours through expansive factory windows, illuminating the space with brilliance. Remote-controlled window treatments conveniently provide blackout shade when needed for rest. The professionally designed kitchen is a visual delight and culinary dream, featuring concealed appliances, marble waterfall countertops and backsplash, an induction cooktop, a speed oven, and abundant storage. The bathroom is a spa-like sanctuary, adorned with Japanese tiles and a marble waterfall vanity. Throughout the loft, French Oak hardwood floors create a seamless blend of classic and contemporary sophistication. Additional perks include a lower-level storage unit and reserved parking. With low HOA fees and no rental restrictions on leases over six months, this space is perfect for the traveling professional or an excellent investment portfolio addition. All furnishings are included.

Details

Property type

Condominium

Est. home value

$348,891

Lot size

697 sq ft

Price per sq ft

$574

Year built

1920

Annual property taxes

$4,798

Monthly HOA fee

$238

Price History

08/02/2024
FMLS

FMLS #7419146

Price change
$400,000
-4.76%
07/11/2024
FMLS

FMLS #7419146

Listed
$420,000
+29.23%
01/08/2021
FMLS

FMLS #6791904

Sold
$325,000
+42.58%

Schools & Community

Neighborhood: 

Old Fourth Ward

Elementary school: 

Hope-Hill

Middle school: 

David T Howard

High school: 

Midtown

Community features: 

Fitness Center, Gated, Sidewalks

Number of units in community: 

34

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

$129,111
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$238,889
Cash to seller
$129,111

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

Seller’s Loan History

Lender

Everett Financial

Loan start date

January 2021

Original loan amount

$260,000

Est. remaining balance

$238,889

Interest rate

2.72%

Loan type

New Conventional, 30 year

Seller

Kerri Smeltzer and Raymond Brown

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?

Similar Homes Nearby

Price drop
FMLS
$425,000
1 bd
|
1 ba
|
817 sq ft
|
Condo

978 North Ave NE Unit 109, Atlanta, GA 30306

FMLS
$385,000
1 bd
|
1 ba
|
803 sq ft
|
Condo

855 Peachtree St NE Unit 1508, Atlanta, GA 30308

FMLS
$395,000
1 bd
|
1 ba
|
920 sq ft
|
Condo

435 10th St NE Unit 18, Atlanta, GA 30309

Status: Active

Tomo last checked: 08/26/2024 at 7:25 PM

Listing updated: 08/24/2024 at 8:45 AM

Listed by: Jill Rice, Keller Williams Realty Peachtree Rd. Phone #: (404) 419-3500

MLS: FMLS #7419146

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