14 days on rocket

1258 Lyle Ave, East Point, GA, 30344

$220,000

Home List Price

$2,613*

Closing Credit

4 Bedrooms
2 Full Baths
1,900 SqFt
$116/SqFt
House

Location

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1258 Lyle Ave, East Point$220,000

Buyer Closing Credits

$2,613*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingParking Pad
Year Built1946
HeatingCentral
CoolingCentral Air
MLS #10421235
Lot Size0.20 Acres
StatusActive

About 1258 Lyle Ave

Unlock the potential of this 3-bedroom, 2-bathroom single-family home located in the heart of East Point. Currently rented at $1,600 per month, with $1,587 contributed by a dependable rental assistance program, this property offers a solid return on investment from day one. Property Highlights: Consistent Cash Flow: Benefit from a stable rental income supported by a reliable rental assistance program. Tenant Flexibility: The current tenant is cooperative and understands the lease concludes by the end of January 2025. She is open to staying if you prefer to maintain immediate rental income, or the property can be delivered vacant for your own plans. Value-Add Potential: Originally purchased through foreclosure, presenting an opportunity for renovations to increase property value and maximize returns. Strategic Location: Situated close to schools, shopping centers, and public transportation, enhancing its appeal to renters and future buyers alike. Investment Options: Maintain as Rental: Keep the existing tenant for uninterrupted income. Vacant Possession: Property can be vacated by the end of January 2025, or sooner if under contract before December. Renovate and Flip: Capitalize on the property's potential by undertaking renovations for a profitable resale. Seller's Note: We are seeking offers close to our asking price of $220,000. If a favorable sales price isn't secured, we plan to renovate and flip the property ourselves-highlighting the significant upside potential for investors looking to maximize returns. Don't miss out on this versatile investment opportunity with multiple exit strategies. Contact us today to learn more and schedule a viewing.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow/Cottage
  • Year Built: 1946
  • Living Area: 1,900 SqFt

Listing Office:

  • Office Name: JweithersRealty, LLC
  • Listing Agent: Janelle Weithers

Interior Features

Interior Information:

  • Appliances: Other
  • Basement: No
  • Flooring Type: Other
  • Interior: Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Parking Pad

Lot Features

Lot Information:

  • Lot: Other
  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: please see GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $220,000
  • Price Per SqFt: $116/SqFt

Tax Information:

  • Annual Amount: $1,761
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in East Point, GA.

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East Point, GA

City

Med. Sold Price

$274.2K

Med. Price/SqFt

$167

Avg. Days On Market

60

# of Sold Homes

24

1258 Lyle Ave vs East Point

14 DAYS ON ROCKET

-46 Days

$220,000

-$54.2K Less

$116/SqFt

-$52 Less

KEY TAKEAWAY

This property is $54.2K less than the Median Sold Price and $52/SqFt less than other homes in East Point, GA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Georgia MLS 2
  • MLS Number: #10421235

Listing Office:

  • Office Name: JweithersRealty, LLC
  • Listing Agent: Janelle Weithers

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: 12/18/2024, 8:21:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 31, 2017Home Sold
$75,000
Oct 07, 2015Home Sold
$50,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,761$62,400
2019$913$32,720
2017$584$20,000

History based on county public records data.

Payment Calculator

$1,166

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$726

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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.

Nearby Schools

school-card-donut-4448644
3
/10

  • Parklane Elementary School

  • 2809 Blount St

  • 0.32 miles

  • Public District Grades PK-5

school-card-donut-4448645
9
/10

  • Resurgence Hall Charter School

  • 1706 Washington Rd

  • 0.82 miles

  • Public Charter Grades KG-3

school-card-donut-4448646
4
/10

  • Emma Hutchinson Elementary School

  • 650 Cleveland Ave SW

  • 1.21 miles

  • Public District Grades EE-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,388. Typical income of East Point, GA residents is less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1258 Lyle Ave

What is the listing price of this property?

The listing price of 1258 Lyle Ave property is $220,000.

What type of property is this?

The property 1258 Lyle Ave is a house located in East Point, Georgia, 30344.

Is this property for sale now?

Active Listing: 1258 Lyle Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,761 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 31, 2017 for $75,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1258 Lyle Ave has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1258 Lyle Ave is 1,900 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1258 Lyle Ave is 1946.

Rocket Homes›Georgia›Fulton County›East Point›30344›1258 Lyle Ave

This home is located at 1258 Lyle Ave in East Point, GA and zip code 30344. This 1,900 square foot home, which was built in 1946, sits on a 0.20 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 03, 2024 and is currently priced at $220,000.

East Point, GA housing market in November 2024 saw over 6 listings sold above listed price, more than 3 sold at listed price and over 15 sold below. The inventory of homes for sale in East Point, GA between October 2024 and November 2024 increased by 12.7%. The median list price of listings available in November 2024 was $274,200, while the average time on the real estate market was 60 days.

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

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