1516 Parks Edge LN NW Active Save Request In-Person Tour Request Virtual Tour
Atlanta,GA 30318
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Subdivision Park Vue
MLS Listing ID 10494609
Style Other
Bedrooms 3
Full Baths 2
Half Baths 1
HOA Fees $2,100
Year Built 2023
Annual Tax Amount $6,454
Tax Year 2024
Lot Size 871 Sqft
Property Sub-Type Townhouse
Property Description
PURCHASE FOR $335,400 - AFFORDABLE HOUSING PROGRAM OPPORTUNITY Buyer Income Qualifications & Program Guidelines Apply Don't miss this rare opportunity to own a brand-new townhome across from the newly developed Westside Park and the Atlanta BeltLine, just minutes from the dynamic West Midtown district. This home offers the perfect blend of urban convenience and outdoor recreation-all at an affordable price for qualifying buyers. This property is available exclusively to income-qualified, owner-occupant buyers through an affordable housing initiative supported by Invest Atlanta. While the home is priced at its full market value, the purchase price will be significantly reduced to $335,400 for eligible buyers through a no-interest, no-payment, burn-off soft second mortgage, making it an exceptional opportunity to build wealth through affordable homeownership in a rapidly growing area. Program Highlights: Interested buyers must use an Invest Atlanta Participating Lender to determine eligibility before submitting an offer. Eligible buyers will receive a forgivable soft second mortgage to reduce the net purchase price to $335,400. Qualified buyers must sign a 2nd Mortgage Disclosure. Eligible buyer must be below 100% of 2024 area median income (e.g. $75,300 for 1-person) Up to $40K in Invest Atlanta and Atlanta Housing Down Payment Assistance may be available. Qualification Requirements: To be eligible, buyers must submit proof of income, including: 3 months paystubs 2 years W2s 3 months bank statements 2 years Federal Tax Returns YTD Profit & Loss Statement for Self-Employed Buyers All offers are subject to Invest Atlanta's income verification and program guidelines, and more documents may be required. Don't miss this rare chance to secure affordable homeownership in a rapidly developing Atlanta neighborhood. For more information or to start the qualification process, have your agent contact Malik Bells today. Preferred Invest Atlanta approved lender: Bonnie Stewart, Calcon Mortgage https://apply.calconmutualmortgage.com/#/choose-loan-type?referrerId=bstewart@calconmutualmortgage.com Preferred closing attorney: K.G. Hughes & Associates, College Park.
Location
State GA
County Fulton
Interior
Heating Central
Cooling Central Air
Flooring Carpet
Laundry In Hall,Upper Level
Exterior
Parking Features Garage,Garage Door Opener
Garage Spaces 1.0
Fence Fenced,Wood
Pool In Ground
Community Features Pool,Sidewalks,Street Lights,Swim Team,Tennis Court(s),Near Public Transport,Walk To Schools,Near Shopping
Utilities Available Cable Available,Electricity Available,Natural Gas Available,Water Available
Waterfront Description No Dock Or Boathouse
View Y/N No
Roof Type Composition
Building
Lot Description Private
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction Yes
Schools
Elementary Schools Boyd
Middle Schools J. L. Invictus Academy
High Schools Douglass
Others
Acceptable Financing Cash,Conventional,VA Loan
Listing Terms Cash,Conventional,VA Loan
Special Listing Condition New Construction