Sold Price cut: $25,000 (7/8)
$550,000
3 beds · 2 baths · 1,680 sqft
119 Melrose Avenue, Decatur, GA 30030
Overpriced
Priced about $236,324 (75%) above comparable homes. Estimated market value $313,676, based on 13 comparable homes nearby.
Estimate from Veribas listing comps — a guide, not an appraisal.
About this home
Welcome home to one of the most historic homes in Lenox Place, a wonderful community in the heart of the City of Decatur. This 1915 bungalow exudes charm with tall ceilings, hardwood floors, picture molding and spacious rooms. Artist owner converted large walk-in closet to fully outfitted dark room, could also be used as an artist’s studio, or convert to another bathroom.…
PoolBasementNo HOA
Listing remarks courtesy of Keller Williams Realty Metro Atl · Sold by Non FMLS Member.
· FMLS #6895292$3,761/mo est.
with $55,000 down · $550,000 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
3
Beds
2
Baths
1,680
Sqft
1915
Built
0.2 ac
Lot
Veribas Rental Valuation
If you rented it out · from nearby rentals
$3,450/morange $3,200 – $3,7007.5% gross yield
Based on 7 similar rentals within a mile (3 recently leased).
3 bd · 2 ba · 1,324 sqft · 0.4 mi away$2,850/mo3 bd · 2 ba · 1,500 sqft · 0.7 mi away$2,995/mo3 bd · 2 ba · 1,704 sqft · 0.9 mi away · leased$3,400/mo2 bd · 2 ba · 1,329 sqft · 0.2 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
$3,921/mo
Principal & interest$3,211
Property taxes$550
Home insurance$160
Down payment$55,000 (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
69 for sale 11 pending 12 sold
Listed by
Keller Williams Realty Metro Atl · Sold by Non FMLS Member
Source: FMLS · #6895292
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