29 days on rocket

Backup Offers

1685 Richmond Ave SE, Atlanta, GA, 30315

$449,900

Home List Price

$5,343*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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1685 Richmond Ave SE, Atlanta$449,900

Buyer Closing Credits

$5,343*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingNone
Year Built1940
HeatingElectric, Heat Pump
CoolingCentral Air, Electric
WaterfrontNone
ViewCity
MLS #7362097
Lot Size0.21 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 1685 Richmond Ave SE

Showing is scheduled for Saturday April 6th, 12pm-4pm. Don't miss out on this exceptional opportunity for savvy investors! Nestled in the heart of Atlanta, this QUADRAPLEX offers a rare chance to own a piece of history at an irresistible price. Situated in an up-and-coming neighborhood, this historical stylish building is surrounded by new developments and revitalization efforts. All four units are currently occupied by reliable, long-term tenants, offering a steady stream of income. Despite the prime location, rents are currently well below market value, presenting an ample opportunity for increased profitability. Three out of the four apartments have been recently renovated within the last two years, showcasing modern upgrades and ensuring tenant satisfaction. Additionally, the building has been well maintained, providing peace of mind to prospective investors. Financing options are available, subject to the existing loan with a balance of $268,000 and an interest rate of 5.750%. Due to the privacy of the tenants, please refrain from disturbing the tenants. Disclosure, listing agent is the owner. Take advantage of this unique opportunity to invest in Atlanta's thriving real estate market. Contact the listing agent/owner today for further details.

Property Details

Property Features

Property Information:

  • Year Built: 1940

Listing Office:

  • Office Name: Worth Clark Inc.
  • Listing Agent: Ailone Tichon

Interior Features

Interior Information:

  • Flooring Type: Ceramic Tile, Hardwood

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None
  • View: City

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot: Private
  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Electric

School Info

Assigned Schools Information:

  • Price Middle School, Public District Grades 6-8
  • Slater Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Use GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $449,900

Tax Information:

  • Annual Amount: $2,732
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Atlanta, GA.

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Atlanta, GA

City

Med. Sold Price

$420.1K

Med. Price/SqFt

$253

Avg. Days On Market

35

# of Sold Homes

1294

1685 Richmond Ave SE vs Atlanta

29 DAYS ON ROCKET

-6 Days

$449,900

+$29.7K More

KEY TAKEAWAY

This property is $29.7K more than the Median Sold Price in Atlanta, GA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: First Multiple Listing Service
  • MLS Number: #7362097

Listing Office:

  • Office Name: Worth Clark Inc.
  • Listing Agent: Ailone Tichon

IDX Listings identified with the FMLS IDX logo come from FMLS and are held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed.

If you believe any FMLS listing contains material that infringes your copyrighted work please Click Here to review our DMCA and learn how to submit a takedown request. Information is deemed reliable but is not guaranteed. © 2024 First Multiple Listing Service, Inc.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2024, 11:25:14 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 15, 2020Home Sold
$240,000
Jun 22, 2016Home Sold
$165,000
May 12, 2015Home Sold
$130,000
May 19, 2014Home Sold
$18,500
Dec 31, 2013Home Sold
$60,000
Jan 27, 2010Home Sold
$16,213
Mar 15, 2007Home Sold
$210,000
Mar 05, 2007Home Sold
$210,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,732$66,000
2019$2,711$66,000
2017$2,851$66,000

History based on county public records data.

Payment Calculator

$2,313

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,415

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4456377
2
/10

  • Slater Elementary School

  • 1320 Pryor Rd SW

  • 1.05 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4456378
3
/10

  • Price Middle School

  • 1670 B W Bickers Dr SE

  • 0.57 miles

  • Public District Grades 6-8

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,368. Most Atlanta, GA residents have annual incomes less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Georgia›Fulton County›Atlanta›30315›1685 Richmond Ave SE

This home is located at 1685 Richmond Ave SE in Atlanta, GA and zip code 30315 in the Lakewood Heights neighborhood. This home, which was built in 1940, sits on a 0.21 acre lot. It has been listed on Rocket Homes since April 02, 2024 and is currently priced at $449,900.

Over 335 listings were sold over their listed price in April 2024 in Atlanta, GA. In the same period over 601 listings were sold below the listed price and 294 listings were sold for the listed price. In April 2024 in Atlanta, GA there were 16.3% more homes for sale than in March 2024. In April 2024 median list price was $420,124 and the average listing age was 35 days.

From Rocket Homes Real Estate and based on county public records data.

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