2 months on rocket

217 W Simon Ter, Atlanta, GA, 30318

$245,000

Home List Price

$2,909*

Closing Credit

8 Bedrooms
2 Full Baths
2,014 SqFt
$122/SqFt
House
Schools Nearby

Location

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217 W Simon Ter, Atlanta$245,000

Buyer Closing Credits

$2,909*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Garage
Garage2 spaces
Year Built1960
HeatingCentral
CoolingCentral Air
BasementYes
WaterfrontNone
FireplaceNone
ViewOther
MLS #7341847
Lot Size0.22 Acres
StatusActive

About 217 W Simon Ter

Looking for cash flow? You found it! This vacant home has been set up for roommates on the PadSplit platform, which provides furnished rooms for rent. PadSplit provides affordable rooms for the workforce while getting a much higher ROI for investors. This home can generate $5700+ per month in rent with its current setup. Excellent off-street parking behind the house and only 1 mi from HE Holmes MARTA Train Station - this home check's all the boxes for CoLiving or PadSplit. Its layout is also ideal for the savvy house-hacker wanting sweat equity, CoLiving investor, or handy owner-occupant looking for the versatility of a flexible floor plan comprising 8 rooms that could be used as bedrooms or flex-rooms. This home only needs some light cosmetic work to be up and running again. This home's distinctive layout offers a plethora of choices. In need of multiple work-from-home spaces? How about a dedicated gym, a media room, or extra rooms for guests? This property has got you covered. Alternatively, for the savvy owner-occupant, move in and let your roommates pay your mortgage and start building wealth from day one. OFFER REQUIREMENTS: Do all due diligence prior to submitting offer, $7,500 EM, closing attorney must be the Fryer Law Firm

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch, Traditional
  • Year Built: 1960
  • Living Area: 2,014 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Metro Atlanta
  • Listing Agent: Josh Stanton

Interior Features

Interior Information:

  • Appliances: Gas Range, Refrigerator
  • Basement: Yes
  • Flooring Type: Laminate
  • Interior: Other
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: None
  • View: Other
  • Exterior: Rain Gutters

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Driveway, Garage

Virtual/3D Tour

  • 3D Tour: 217 W Simon Ter

3D Tour

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard, Level
  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Frederick Douglass High School, Public District Grades 9-12
  • Harper-Archer Middle School, Public District Grades 6-8
  • Usher Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Take I-85 S and I-20 W to GA-280 N/Hamilton E Holmes Drive NW.Take exit 52B from I-20 W. Turn right onto GA-280 N/Hamilton E Holmes Dr NW and turn left onto Loghaven Dr NW. Turn right onto W Simon Terrace NW and property will be on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $245,000
  • Price Per SqFt: $122/SqFt
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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

217 W Simon Ter vs Atlanta

70 DAYS ON ROCKET

+35 Days

$245,000

-$175.1K Less

$122/SqFt

-$131 Less

KEY TAKEAWAY

This property is $175.1K less than the Median Sold Price and $131/SqFt less than other homes in Atlanta, GA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: First Multiple Listing Service
  • MLS Number: #7341847

Listing Office:

  • Office Name: Keller Williams Realty Metro Atlanta
  • Listing Agent: Josh Stanton

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: 5/2/2024, 5:25:14 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,290

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$801

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-4549256
3
/10

  • Usher Elementary School

  • 631 Harwell Rd NW

  • 1.34 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4549257
1
/10

  • Harper-Archer Middle School

  • 3399 Collier Dr NW

  • 1.45 miles

  • Public District Grades 6-8

High School

school-card-donut-4549258
2
/10

  • Frederick Douglass High School

  • 225 Hamilton E Holmes Dr NW

  • 0.34 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,087. Typical income of Atlanta, GA residents is between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 217 W Simon Ter

What is the listing price of this property?

The listing price of 217 W Simon Ter property is $245,000.

What type of property is this?

The property 217 W Simon Ter is a house located in Atlanta, Georgia, 30318.

Is this property for sale now?

Active Listing: 217 W Simon Ter is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 217 W Simon Ter are:
Usher Elementary School: GreatSchools Rating 3/10
Harper-Archer Middle School: GreatSchools Rating 1/10
Frederick Douglass High School: GreatSchools Rating 2/10

How many bedrooms and bathrooms does this property have?

The property at 217 W Simon Ter has 8 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 217 W Simon Ter is 2,014 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 217 W Simon Ter is 1960.

Rocket Homes›Georgia›Fulton County›Atlanta›30318›217 W Simon Ter

This home is located at 217 W Simon Ter in Atlanta, GA and zip code 30318 in the Southwestern Atlanta neighborhood. This 2,014 square foot home, which was built in 1960, sits on a 0.22 acre lot. Features: 8 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 21, 2024 and is currently priced at $245,000.

Atlanta, GA housing market in April 2024 saw over 335 listings sold above listed price, more than 294 sold at listed price and over 601 sold below. The number of homes for sale in Atlanta, GA increased by 16.3% between March 2024 and April 2024. In April 2024, listings were on the market for 35 days. During the same period, the median list price in this real estate market was $420,124.

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

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