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$379,000

Beds
2
Baths
3.5
sq ft
1,876

818 Lee Andrews Ave SE, Atlanta, GA 30315

818 Lee Andrews Ave SE

Atlanta, GA 30315

  • 25 days on market
    • Price drop $20,000↓
Renovated (Two) 2 bedrooms, 2 Bath Duplex, One Upstairs and One Downstairs Units. Both include new HVAC units, new electrical and plumbing systems and new water heaters. Both have Chef Kitchens with Stainless Steel Appliances, quality luxury vinyl flooring, tile bathrooms, security systems and fresh paint throughout. This is a great opportunity for rental income as you can live in one unit and offset your mortgage by renting out the other unit. Use the many options this property offers such as capitalizing on the strong demand for rentals and rent out both units through Section 8, Airbnb, and other Short Term Bookings as another option. Prime location thanks to the close proximity to Atlanta's Hartsfield-Jackson Airport, within minutes to Downtown Atlanta's Entertainment & Restaurants, The Beltline, Piedmont Park, and Atlanta Museums, and more. Interstate and Highways are easily accessible. Whether you want to owner-occupy (having tenants pay for your mortgage), generate rental income, list on Airbnb, or simply invest in a fast-growing area, this home is a great investment for First-time homebuyers and/or as an investments.

Details

Property type

Single Family Residence

Est. home value

$232,020

Lot size

0.34 acres

Price per sq ft

$203

Year built

1940

Annual property taxes

$1,131

HOA

No

Price History

10/29/2024
FMLS

FMLS #7469643

Price change
$379,000
-5.01%
10/06/2024
FMLS

FMLS #7469643

Listed
$399,000
+442.86%
09/03/2019
FMLS

FMLS #6126698

Sold
$73,500
+342.77%

Schools & Community

Neighborhood: 

Norwood Manor

Elementary school: 

John Wesley Dobbs

Middle school: 

Crawford Long

High school: 

South Atlanta

Community features: 

Park, Playground, Street Lights

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

Emg Mortgage

Loan start date

September 2022

Original loan amount

$220,500

Est. remaining balance

$213,522

Interest rate

4.99%

Loan type

New Conventional, 30 year

Seller

Randallyn D Dailey

Lender

Emg Mortgage

Loan start date

September 2019

Original loan amount

$58,800

Est. remaining balance

$52,806

Interest rate

3.81%

Loan type

New Conventional, 30 year

Seller

Randallyn D Dailey

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: 11/05/2024 at 4:25 PM

Listing updated: 10/29/2024 at 3:10 PM

Listed by: Joycelyn Lee, Georgia Passion Realty, LLC. Phone #: (678) 791-8300

MLS: FMLS #7469643

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