4 months on rocket

550 Joseph E Lowery Unit 0, Atlanta, GA, 30314

$1,250,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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550 Joseph E Lowery Unit 0, Atlanta$1,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOff Street, Side/Rear Entrance
Year Built1960
HeatingElectric, Central, Forced Air
CoolingCentral Air, Electric
MLS #20165556
Lot Size0.40 Acres
StatusActive

About 550 Joseph E Lowery Unit 0

7-UNIT APARTMENT BUILDING IN GREAT LOCATION! 1.5 miles from Georgia Tech. 1.8 miles from downtown Atlanta. 1.5 miles from West Midtown. 1.6 miles from Mercedes Benz Stadium, 1.7 miles to Georgia Aquarium. Six (6) of the seven (7) units are currently under lease contracts. The 7th unit has been recently vacated. Each unit - 2bd, 1 bath. Central Air & Heat. Total electric. This Apartment Building sits in English Avenue area, .05 miles from Vine City Community. There are several up and coming work and entertaining districts being developed in the general area. This property has lots of potential to be a true revenue generator with a reasonable rehab investment.

Property Details

Property Features

Property Information:

  • Year Built: 1960

Listing Office:

  • Office Name: Homesmart Realty Partners
  • Office Email: lonleslie@gmail.com
  • Listing Agent: Lonnie Leslie

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Off Street, Side/Rear Entrance

Lot Features

Lot Information:

  • Lot Size: 0.40 Acres

Utilities

Utilities Information:

  • Heating: Electric, Central, Forced Air
  • Cooling: Central Air, Electric

School Info

Assigned Schools Information:

  • Brown Middle School, Public District Grades 6-8
  • M. A. Jones Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: PLEASE USE GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,250,000
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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

$418.1K

Med. Price/SqFt

$253

Avg. Days On Market

31

# of Sold Homes

1276

550 Joseph E Lowery Unit 0 vs Atlanta

146 DAYS ON ROCKET

+115 Days

$1,250,000

+$831.8K More

KEY TAKEAWAY

This property is $831.8K more than the Median Sold Price in Atlanta, GA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Georgia MLS 2
  • MLS Number: #20165556

Listing Office:

  • Office Name: Homesmart Realty Partners
  • Office Email: lonleslie@gmail.com
  • Listing Agent: Lonnie Leslie

IDX Based on information from the Georgia MLS © 2024.

All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/2/2024, 4:20:42 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

$6,306

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,814

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NMLS#3030

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-7005991
3
/10

  • M. A. Jones Elementary School

  • 1040 Fair St SW

  • 0.62 miles

  • Public District Grades PK-5

Middle School

school-card-donut-7005992
3
/10

  • Brown Middle School

  • 765 Peeples St SW

  • 0.43 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 $33,667. Typical income of Atlanta, GA residents is less than $35k annually. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Georgia›Fulton County›Atlanta›30314›550 Joseph E Lowery Unit 0

This home is located at 550 Joseph E Lowery Unit 0 in Atlanta, GA and zip code 30314 in the Southwestern Atlanta neighborhood. This home, which was built in 1960, sits on a 0.40 acre lot. It has been listed on Rocket Homes since January 07, 2024 and is currently priced at $1,250,000.

In May 2024 more than 347 listings in Atlanta, GA were sold above the asking price. During the same period more than 282 listings were sold at asking price, while more than 583 were sold below. The number of homes for sale in Atlanta, GA increased by 12.6% between April 2024 and May 2024. In May 2024 median list price was $418,136 and the average listing age was 31 days.

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

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