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$280,000

Beds
4
Baths
2.0
sq ft
2,368

783 Cascade Ave SW, Atlanta, GA 30310

783 Cascade Ave SW

Atlanta, GA 30310

  • 29 days on market
Investors! Strategic Location, Convenience and Urban Appeal! This ~0.4 acre site offers a chance to be part of the exciting developments in the West End/Westview/Beecher Donnelly neighborhoods of Atlanta. Mercedes-Benz Stadium is a short drive away. The $450M Mall West End redevelopment is only 1.5 miles from this site. The BELTLINE is even closer (half a mile away) along with favorites like Monday Night Brewing, Slutty Vegan and John A. White Golf Course, not to mention Kroger and other essentials. The City of Atlanta has announced extensive streetscape improvements along Cascade Road. Right across the street, is the very popular Parc Garden restaurant. Businesses are investing and homes are being built and renovated at and near this neighborhood commercial intersection (Casade/Beecher/Westboro). The nearby Oasis Apartments have been recently renovated.///////////////////ZONING: This site offers Cascade Avenue frontage with a generous total acreage of ~ 0.4 acres thanks to the extra parcel (known as 0 Beecher) which is included in the sale. 783 Cascade is zoned NC-14 which is a very accomodating category. 0 Beecher is zoned R-4 and may need to be rezoned. 779 Cascade is also for sale and would bring your total land to ~0.66 acres. The property is in the Beltline overlay. ///////////////////////// DEVELOPMENT OPTIONS for the property include: 1- For HIGHEST AND BEST USE, tear down the existing house and build affordable, student or upscale multi-unit housing on the site using 0 Beecher for additional units, parking or open space. (See concept plan in photos.) 2- ALSO HIGHEST AND BEST: Tear down for retail or other commercial use. 3– Rehab the existing home to a 4-5 bedroom property, and add garage or workshop in the rear. ARV's in the area are $550,000 - $600,000. 4 -Tear down and new construction. 5- Create access for 0 Beecher (via a shared driveway easement) and have two lots. 6- Buy and hold for appreciation.

Details

Property type

Single Family Residence

Est. home value

$183,580

Property condition

Fixer

Lot size

0.40 acres

Price per sq ft

$119

Year built

1930

Annual property taxes

$1,946

HOA

No

Price History

10/14/2024
FMLS

FMLS #7476029

Listed
$280,000
+1.45%
09/13/2024
FMLS

FMLS #7403143

Removed
$276,000
09/05/2024
FMLS

FMLS #7403143

Listed
$276,000

Schools & Community

Neighborhood: 

West View

Elementary school: 

Tuskegee Airman Global Academy

Middle school: 

Herman J. Russell West End Academy

High school: 

Booker T. Washington

Community features: 

Restaurant, Sidewalks

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

Dj Mortgage Llc

Loan start date

May 2006

Original loan amount

$178,500

Est. remaining balance

Not provided

Interest rate

6.34%

Loan type

Not Provided

Seller

Nortech International Llc and Emeke Okoye

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: 11/21/2024 at 11:00 PM

Listing updated: 11/13/2024 at 5:15 PM

Listed by: Lee Williams, Ostenson Real Estate Group, LLC. Phone #: (678) 528-9510

MLS: FMLS #7476029

FMLS logo

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