Sold
$315,000
3 beds · 1,772 sqft
314 Melrose Avenue, Decatur, GA 30030
Great deal
Priced about $166,675 (35%) below comparable homes. Estimated market value $481,675, based on 14 comparable homes nearby.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
Diamond in the rough! Lenox Place neighborhood is going though re-habs and tear downs. Perfect location near Agnes Scott College. Walk to Marta, shopping, restaurants and middle & high schools. All the great architectural details you would expect in a home built in 1925. This home needs TLC. It is sold AS-IS with no disclosure.
PoolBasementNo HOA
Listing remarks courtesy of PALMERHOUSE PROPERTIES & ASSOCIATES · Sold by KELLER WILLIAMS REALTY METRO ATL.
· FMLS #5380244$2,154/mo est.
with $31,500 down · $315,000 list price*
Buyer services · Veribas Real Estate LLC — not the listing broker unless noted above
Connect with a lender · no credit check*Estimate — 30-yr fixed at 6.75% APR with taxes & insurance. Not a loan offer.
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In-person tour
As soon as today with a Veribas agent
Video walkthrough
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Home details
3
Beds
1,772
Sqft
1925
Built
4
Fireplaces
None
HOA
Veribas Rental Valuation
If you rented it out · from nearby rentals
$4,050/morange $3,775 – $4,32515.4% gross yield
Based on 6 similar rentals within a mile (2 recently leased).
3 bd · 2 ba · 1,500 sqft · 0.5 mi away$2,995/mo3 bd · 2 ba · 1,324 sqft · 0.5 mi away$2,850/mo3 bd · 4 ba · 1,558 sqft · 0.9 mi away · leased$3,695/mo2 bd · 2 ba · 1,329 sqft · 0.4 mi away$2,995/mo
Automated estimate — actual rent depends on condition, terms, and season. Not a guarantee of rental income.
Home facts
Payment calculator
$2,246/mo
Principal & interest$1,839
Property taxes$315
Home insurance$92
Down payment$31,500 (10%)
Interest rate6.750%
Estimates only — taxes at 1.2%/yr and insurance at 0.35%/yr of price. Get exact terms from a lender via pre-qualification.
Value & price history
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Every list price is checked against our valuation model and local comps.
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A Veribas agent walks every showing — questions answered on the spot.
No surprises at closing
No junk fees — the numbers you agree to are the numbers you sign.
Schools
Oakhurst/Fifth AvenueElementary
Beacon HillMiddle
DecaturHigh
Location
63 for sale 17 pending 12 sold
Listed by
PALMERHOUSE PROPERTIES & ASSOCIATES · Sold by KELLER WILLIAMS REALTY METRO ATL
Source: FMLS · #5380244
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