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$509,900

Beds
8
Baths
6.0
sq ft
3,000

979 Sims Ave NW, Atlanta, GA 30318

979 Sims Ave NW

Atlanta, GA 30318

  • 114 days on market
    • Price drop $100↓
BACK ON MARKET DUE TO NO FAULT OF SELLER! LOCATION. LOCATION. LOCATION!! AN INVESTOR'S DREAM! This Cash Flowing Duplex in booming Westside/Grove Park area & about .5 mile from Westside Reservoir Park (ATLs largest park that will soon feed into the Beltline Westside Trail!) has 2 units with 4 bedrooms and 3 full baths in each!!! Hardwood floors with large cozy living area. Spacious kitchen with plenty of counter space and storage. One unit is currently being rented for $1795 per mo and the other had been up until April 2024, bringing in close to $4K a month. Chose to purchase this and rent out side A for $2200+ per month or live in side A, as side B continues to bring you IMMEDIATE CASH FLOW! Property management company in place already so super easy transition whatever you choose! Nice-sized bedrooms include a roomy master with a private bath. Roof is only 2 years old and seller will be providing a 1 year Home Warranty with Cinch! DON’T miss this great opportunity to own this PRIME piece of cash earning real estate in coveted Grove Park area TODAY!! ALL offers will be considered!!

Details

Property type

Townhouse

Est. home value

$525,301

Lot size

0.25 acres

Price per sq ft

$170

Year built

2004

Annual property taxes

$4,079

Price History

09/11/2024
FMLS

FMLS #7394073

Price change
$509,900
-0.02%
09/11/2024
FMLS

FMLS #7394073

Price change
$510,000
-0.97%
08/20/2024
FMLS

FMLS #7394073

Price change
$515,000
-0.77%

Schools & Community

Neighborhood: 

Grove Park

Elementary school: 

Woodson Park Academy

Middle school: 

Fulton - Other

High school: 

Frederick Douglass

Number of units in community: 

2

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

$214,999
Asking price
$509,900
Closing costs (~8% of asking)
-$40,792
Est. remaining loan balance
-$254,109
Cash to seller
$214,999

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

Seller’s Loan History

Lender

Royal Pacific Funding

Loan start date

May 2022

Original loan amount

$265,000

Est. remaining balance

$254,109

Interest rate

4.16%

Loan type

New Conventional, 30 year

Seller

Raymond Stewart and Angela Stewart

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: 09/19/2024 at 10:40 PM

Listing updated: 09/11/2024 at 9:15 AM

Listed by: Mark Spain, Mark Spain Real Estate Phone #: (770) 886-9000

MLS: FMLS #7394073

FMLS logo

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