tomo logo

$405,000

Beds
1
Baths
1.0
sq ft
1,031

881 Memorial Dr SE Unit 116, Atlanta, GA 30316

881 Memorial Dr SE Unit 116

Atlanta, GA 30316

  • 185 days on market
Live on the Beltline in Reynoldstown! Within a block of Shopping including Grocery, Movie Theatre, Entertainment Venue and Restaurants, this ground floor, spacious, open floor plan unit is located in historic A & P lofts, listed on the Georgia Register of Historic Places, and qualifies for the Landmark Historic Tax Abatement program. The natural light-filled home with 12 foot ceilings, exposed brick walls, concrete floors and mushroom columns includes an updated kitchen featuring Stainless Steel Appliances, inclusive of a Built-In Wine Cooler, while the decorative Breakfast Bar features lighted display cabinetry. Maximize the ample storage opportunities throughout the unit including the laundry room with front load laundry included. The building's amenities include exercise facilities, newly-renovated game room/community lounge, two secure bike storage areas, gated resident parking (one deeded parking space), fully-fenced dog park/run plus a new rooftop terrace with 360 skyline views, all with low monthly HOA fee. *ASSUMABLE CONVENTIONAL LOAN AVAILABLE*

Details

Property type

Condominium

Est. home value

$371,812

Lot size

1,002 sq ft

Price per sq ft

$393

Year built

1920

Annual property taxes

$5,218

Monthly HOA fee

$26.92

Price History

04/14/2024
GeorgiaMLS

GeorgiaMLS #10229204

Listed
$405,000
03/16/2024
GeorgiaMLS

GeorgiaMLS #10229204

Removed
$405,000
03/13/2024
GeorgiaMLS

GeorgiaMLS #10229204

Listed
$405,000

Schools & Community

Neighborhood: 

Reynoldstown

Elementary school: 

Burgess-Peterson

Middle school: 

King

High school: 

MH Jackson Jr

Community features: 

Fitness Center, Pool

Tracey, Home Search Advisor
Tracey
Home Search Advisor

How can I help? Hi, I’m Tracey, your real estate expert. Send me your questions about this listing or about shopping for homes.

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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

$68,599
Asking price
$405,000
Closing costs (~8% of asking)
-$32,400
Est. remaining loan balance
-$304,001
Cash to seller
$68,599

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

Seller’s Loan History

Lender

Shelter Home Mortgage

Loan start date

April 2022

Original loan amount

$316,350

Est. remaining balance

$304,001

Interest rate

3.76%

Loan type

New Conventional, 30 year

Seller

Charquavis Bell

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: 06/02/2024 at 1:05 PM

Listing updated: 04/30/2024 at 1:23 PM

Listed by: Meka Wilson, Keller Williams Atl. Midtown

MLS: GeorgiaMLS #10229204

GeorgiaMLS logo

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