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Backup Offers

663 Magnolia St NW, Atlanta, GA, 30314

$295,000

Home List Price

$3,503*

Closing Credit

0 Baths
Multi

Location

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663 Magnolia St NW, Atlanta$295,000

Buyer Closing Credits

$3,503*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOff Street
Year Built1998
HeatingNatural Gas, Other
CoolingCentral Air, Other
BasementYes
MLS #10422057
Lot Size0.10 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 663 Magnolia St NW

Attention Investors! This cash-flowing property boasts a 6.7% cap rate and is perfectly situated in the heart of Historic Vine City, steps from Mercedes-Benz Stadium and close to Atlanta's premier attractions, including HBCUs, Vine City MARTA, Castleberry Hills, Centennial Park, the Georgia Aquarium, Georgia Tech, and the new 16-acre Rodney Cook Sr. Park. With Atlanta's ongoing growth and redevelopment, this low-maintenance investment is primed for success. Currently operating as a Section 8-approved rental, the property features a newer roof, laminate flooring throughout, and low landlord expenses, ensuring easy cash flow with a tenant already in place. Take advantage of the high demand for housing in one of the city's most rapidly evolving neighborhoods. Sold As-Is with tenant in place-please do not disturb the tenant. Don't let this prime investment opportunity pass you by!

Property Details

Property Features

Property Information:

  • Year Built: 1998

Listing Office:

  • Office Name: BHHS Georgia Properties
  • Listing Agent: Hillary Dukes

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Off Street

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Other
  • Cooling: Central Air, Other

Other

Directions Information:

  • Directions: Please use GPS, Google Maps, or Waze

Price Information

Listing Price Info

Price Summary:

  • List Price: $295,000

Tax Information:

  • Annual Amount: $1,573
  • 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

$421.8K

Med. Price/SqFt

$251

Avg. Days On Market

47

# of Sold Homes

939

663 Magnolia St NW vs Atlanta

13 DAYS ON ROCKET

-34 Days

$295,000

-$126.8K Less

KEY TAKEAWAY

This property is $126.8K less 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: #10422057

Listing Office:

  • Office Name: BHHS Georgia Properties
  • Listing Agent: Hillary Dukes

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: 12/17/2024, 11:20:59 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 12, 2013Home Sold
$53,500
Jul 29, 2008Home Sold
$211,000
Oct 27, 2007Home Sold
$211,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,573$38,000
2019$1,561$42,280
2017$465$10,760

History based on county public records data.

Payment Calculator

$1,540

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$951

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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-4268124
3
/10

  • Kipp Ways Primary School

  • 350 Temple St NW

  • 0.89 miles

  • Public Charter Grades KG-4

school-card-donut-4268125
5
/10

  • M. Agnes Jones Elementary School

  • 1040 Fair St SW

  • 0.99 miles

  • Public District Grades EE-5

school-card-donut-4268126
4
/10

  • Slam Academy of Atlanta

  • 1150 Westview Dr SW

  • 1.23 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 $25,921. Most Atlanta, GA residents have annual incomes less than $35k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Georgia›Fulton County›Atlanta›30314›663 Magnolia St NW

This home is located at 663 Magnolia St NW in Atlanta, GA and zip code 30314 in the Vine City neighborhood. This home, which was built in 1998, sits on a 0.10 acre lot. It has been listed on Rocket Homes since December 04, 2024 and is currently priced at $295,000.

In November 2024 more than 147 listings in Atlanta, GA were sold above the asking price. During the same period more than 188 listings were sold at asking price, while more than 559 were sold below. Between October 2024 and November 2024, Atlanta, GA real estate market has seen increase in the number of listings by 5.4%. In November 2024, listings were on the market for 47 days. During the same period, the median list price in this real estate market was $421,834.

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

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