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$1,125,000

Beds
4
Baths
3.5
sq ft
3,702

875 Berne St SE, Atlanta, GA 30316

875 Berne St SE

Atlanta, GA 30316

  • 68 days on market
    • Price drop $25,000↓
Experience luxurious living in this beautifully renovated home, completed in 2022 with a $450,000 custom full renovation by the esteemed Artisans of Atlanta. This home exudes charm and modern elegance, featuring a bright, white kitchen with a unique brick backsplash, a large island perfect for gathering, and spaces for both casual and formal fireside dining. The main floor also boasts a welcoming living room, a secondary den, and a full laundry room complete with an elevated dog wash station. Upstairs, the exquisite primary suite offers a serene sitting area, a spa-like bath, and an oversized custom walk-in closet. The secondary bedrooms, along with a connecting bathroom that includes private vanity spaces, are also located on this level, providing comfort and convenience for the whole family. The terrace level presents an upscale one-bedroom apartment, recently leased at $1,800/month. This space is perfect for generating short/long-term rental income, or as a private in-law/nanny/teen suite. Outdoor living is just as inviting with a peaceful front porch, a back deck, and a level yard space ideal for recreation. Parking is abundant with plenty of off-street spaces, including an oversized parking pad at the back. Home also includes almost new HVAC systems and a whole house generator. Situated just two houses away from the newest Beltline section, set to open in 2025, this home offers an incredible opportunity to be at the forefront of neighborhood and financial growth. The completed section will provide easy Beltline access to Glenwood Park, Piedmont Park, and beyond, with further expansions connecting to the Westside as well. Grant Park is also just 1/2 mile away, with abundant recreation and intown dining options. Don't miss the chance to own this exceptional property in a rapidly developing area!

Details

Property type

Single Family Residence

Est. home value

$714,248

Property condition

Updated/Remodeled

Lot size

7,754 sq ft

Price per sq ft

$304

Year built

2009

Annual property taxes

$9,004

HOA

No

Price History

10/07/2024
FMLS

FMLS #7444943

Price change
$1,125,000
-2.17%
08/27/2024
FMLS

FMLS #7444943

Listed
$1,150,000
+123.3%
11/16/2020
FMLS

FMLS #6770733

Sold
$515,000

Schools & Community

Neighborhood: 

Ormewood Park

Elementary school: 

Parkside

Middle school: 

Martin L. King Jr.

High school: 

Maynard Jackson

Community features: 

Park, Pool, Restaurant, Sidewalks, Street Lights, Tennis Court(s)

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

$658,859
Asking price
$1,125,000
Closing costs (~8% of asking)
-$90,000
Est. remaining loan balance
-$376,141
Cash to seller
$658,859

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

Seller’s Loan History

Lender

Fairway Independent Mortgage

Loan start date

November 2020

Original loan amount

$412,000

Est. remaining balance

$376,141

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

William Michael Mcbride

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: 11/03/2024 at 8:20 AM

Listing updated: 10/27/2024 at 4:10 PM

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

MLS: FMLS #7444943

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