Sold
$365,000
2 beds · 1,132 sqft
305 Melrose Avenue, Decatur, GA 30030
Overpriced
Priced about $98,424 (37%) above comparable homes. Estimated market value $266,576, based on 8 comparable homes nearby.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
Older bungalow on sweet lot in Lenox Place. Located within walking distance of Decatur square. What a diamond in the rough! This house is the perfect tear down, renovation or fixer upper. Home has good sized rooms, hardwood floors, nice details. This property has a driveway/parking pad and alley access. It is being sold As-Is. No FHA or VA loans.
PoolBasementNo HOARenovated
Listing remarks courtesy of PalmerHouse Properties · Sold by KELLER WILLIAMS REALTY INTOWN ATL.
· FMLS #5773720$2,496/mo est.
with $36,500 down · $365,000 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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Home details
2
Beds
1,132
Sqft
1925
Built
0.2 ac
Lot
1
Fireplaces
Veribas Rental Valuation
If you rented it out · from nearby rentals
$2,625/morange $2,450 – $2,8008.6% gross yield
Based on 9 similar rentals within a mile (3 recently leased).
Home facts
Payment calculator
$2,602/mo
Principal & interest$2,131
Property taxes$365
Home insurance$106
Down payment$36,500 (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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Schools
Westchester/Fifth AvenueElementary
Beacon HillMiddle
DecaturHigh
Location
62 for sale 18 pending 12 sold
Listed by
PalmerHouse Properties · Sold by KELLER WILLIAMS REALTY INTOWN ATL
Source: FMLS · #5773720
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