2 months on rocket

616 Moreland Ave SE, Atlanta, GA, 30316

$499,000

Home List Price

$5,926*

Closing Credit

0 Baths
House

Location

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616 Moreland Ave SE, Atlanta$499,000

Buyer Closing Credits

$5,926*

1.25% Loan Amount

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Property Highlights

ParkingOver 1 Space per Unit
Year Built1948
HeatingCentral
CoolingCentral Air
MLS #10376614
Lot Size0.20 Acres
StatusActive

About 616 Moreland Ave SE

Charming Turn-Key Duplex in East Atlanta Village. Seize the chance to own this income-producing duplex located in the highly sought-after East Atlanta Village. This traditional brick bungalow is a true gem, offering a prime investment opportunity in one of Atlanta's hottest in-town neighborhoods. Nestled within walking distance to Brownwood Park, a variety of restaurants including Banshee, a vibrant food hall, and shops, this is an unbeatable location. It's perfect for investors looking for a seamless, turn-key rental property or a savvy homeowner wanting to live in one unit and rent the other. This duplex includes Unit A, which features a spacious layout with 3 bedrooms and 2 full baths, complete with separate front and side entrances. Unit B offers a cozy setup with 2 bedrooms and 1 bath, along with a separate living room. The interior of the property showcases beautiful hardwood floors, modern kitchens with updated cabinets and slate tile, newer appliances, and bathrooms enhanced with slate and subway tiles. The property also offers an inviting front porch, perfect for relaxation, with easy access to all the amenities and entertainment that East Atlanta Village has to offer. Parking is ample, with plenty of space and accessible through a back alley or the driveway on Moreland Ave. Units are side by side, and both units have private entrances and porch access, along with their own washer and dryer hookups, separate meters, and water paid by the landlord. Systems of the house are well maintained and with updated plumbing and sewer line in 2022, and a new vapor barrier in the crawlspace. Both units are currently rented with long term tenants, and the lease agreements will be transferred to the buyer at closing. Please be aware that all units are tenant-occupied; respect their privacy by not walking through the property. This duplex offers everything an investor or homeowner could desire: a prime location, a well-maintained property, great tenants, and a strong rental history. DonCOt miss out on this exceptional opportunity in East Atlanta Village!

Property Details

Property Features

Property Information:

  • Year Built: 1948

Listing Office:

  • Office Name: Keller Williams Realty
  • Listing Agent: Naruna Rangel

Interior Features

Interior Information:

  • Basement: No

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Over 1 Space per Unit

Lot Features

Lot Information:

  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From I-20 to Moreland Ave, turn left into the driveway - For showings, in order to avoid blocking the tenants - please park on Emerson Ave or Pendleton St and take the sidewalk to the front of the Moreland Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,000

Tax Information:

  • Annual Amount: $851
  • 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

$421.4K

Med. Price/SqFt

$253

Avg. Days On Market

49

# of Sold Homes

1106

616 Moreland Ave SE vs Atlanta

62 DAYS ON ROCKET

+13 Days

$499,000

+$77.5K More

KEY TAKEAWAY

This property is $77.5K 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: #10376614

Listing Office:

  • Office Name: Keller Williams Realty
  • Listing Agent: Naruna Rangel

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: 11/21/2024, 4:20:52 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

Jul 09, 2007Home Sold
$210,000
Oct 20, 2005Home Sold
$170,000

Tax History

YEARPROP. TAXASSESSMENT
2020$851$82,080
2018$760$91,120
2017$760$77,120

History based on county public records data.

Payment Calculator

$2,558

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,563

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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-367324
6
/10

  • Parkside Elementary School

  • 685 Mercer St SE

  • 0.92 miles

  • Public District Grades PK-5

school-card-donut-367325
7
/10

  • Burgess - Peterson Academy

  • 480 Clifton St SE

  • 1.01 miles

  • Public District Grades KG-5

school-card-donut-367326
7
/10

  • Atlanta Neighborhood Charter - Elementary School

  • 688 Grant St SE

  • 1.57 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $80,271. Most Atlanta, GA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 616 Moreland Ave SE

What is the listing price of this property?

The listing price of 616 Moreland Ave SE property is $499,000.

What type of property is this?

The property 616 Moreland Ave SE is a house located in Atlanta, Georgia, 30316.

Is this property for sale now?

Active Listing: 616 Moreland Ave SE 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 $851 (source: MLS/based on county public records data).

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

The last sale was on July 9, 2007 for $210,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 616 Moreland Ave SE is 1948.

Rocket Homes›Georgia›Fulton County›Atlanta›30316›616 Moreland Ave SE

This home is located at 616 Moreland Ave SE in Atlanta, GA and zip code 30316 in the East Atlanta neighborhood. This home, which was built in 1948, sits on a 0.20 acre lot. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $499,000.

Over 184 listings were sold over their listed price in October 2024 in Atlanta, GA. In the same period over 591 listings were sold below the listed price and 249 listings were sold for the listed price. The number of listings in Atlanta, GA increased by 15.6% between September 2024 and October 2024. In October 2024 median list price was $421,449 and the average listing age was 49 days.

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

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