Sold Price cut: $10,000 (9/24)
$505,000
3 beds · 2 baths
961 Mercer Street, Atlanta, GA 30316
About this home
One of the best streets in Ormewood Park! Steps away from the only entry point to the BeltLine in Ormewood Park. Great opportunity for a builder to expand the existing property and build another property for sale on the additional lot. New survey done last year. Building plans for renovating home have been developed. Lot dimensions are 125x150 and total square footage is 18,458 sf or .43 acres. Brand new homes have already been built on the same street!
No HOARenovated
Listing remarks courtesy of PalmerHouse Properties · Sold by Atlanta Fine Homes Sotheby's International.
· FMLS #6773344$3,453/mo est.
with $50,500 down · $505,000 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
1923
Built
0.43 ac
Lot
None
HOA
Veribas Rental Valuation
If you rented it out · from nearby rentals
$3,000/morange $2,800 – $3,2007.1% gross yield
Based on 12 similar rentals within a mile (5 recently leased).
3 bd · 2 ba · 0.1 mi away · leased$3,499/mo3 bd · 2 ba · 0.6 mi away$4,750/mo3 bd · 2 ba · 1,936 sqft · 0.6 mi away$3,000/mo2 bd · 2 ba · 1,102 sqft · 0.2 mi away · leased$3,295/mo
Automated estimate — actual rent depends on condition, terms, and season. Not a guarantee of rental income.
Home facts
Payment calculator
$3,600/mo
Principal & interest$2,948
Property taxes$505
Home insurance$147
Down payment$50,500 (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
ParksideElementary
Martin L. King Jr.Middle
Maynard JacksonHigh
Location
59 for sale 21 pending 12 sold
Listed by
PalmerHouse Properties · Sold by Atlanta Fine Homes Sotheby's International
Source: FMLS · #6773344
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