About 1516 Parks Edge Lane Nw
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. Preferred Invest Atlanta approved lender: Bonnie Stewart, Calcon Mortgage Preferred closing attorney: K.G. Hughes & Associates, College Park.
Features of 1516 Parks Edge Lane Nw
| MLS® # | 7553621 |
|---|---|
| Price | $419,030 |
| Bedrooms | 3 |
| Bathrooms | 3.00 |
| Full Baths | 2 |
| Half Baths | 1 |
| Square Footage | 1,480 |
| Acres | 0.02 |
| Year Built | 2023 |
| Type | Residential |
| Sub-Type | Townhouse |
| Style | Townhouse |
| Status | Active |
| Has Master On Main | No |
| Basement | No |
Community Information
| Address | 1516 Parks Edge Lane Nw |
|---|---|
| Subdivision | Park Vue |
| City | Atlanta |
| County | Fulton - GA |
| State | GA |
| Zip Code | 30318 |
Amenities
| Utilities | Cable Available, Electricity Available, Natural Gas Available, Water Available |
|---|---|
| Parking Spaces | 1 |
| Parking | Driveway, Garage, Garage Door Opener |
| # of Garages | 1 |
| View | Neighborhood, Trees/Woods |
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
| Pool | In Ground |
Interior
| Interior Features | Disappearing Attic Stairs, Entrance Foyer, Recessed Lighting, Walk-In Closet(s) |
|---|---|
| Appliances | Dishwasher, Disposal, Gas Range, Microwave |
| Heating | Central |
| Cooling | Central Air |
| Has Basement | No |
| Basement | None |
| Fireplace | No |
| Fireplaces | None |
| Stories | Two |
Exterior
| Exterior Features | Private Entrance |
|---|---|
| Lot Description | Back Yard, Private |
| Windows | Double Pane Windows |
| Roof | Composition |
| Construction | Vinyl Siding |
School Information
| Elementary | William M.Boyd |
|---|---|
| Middle | John Lewis Invictus Academy/Harper-Archer |
| High | Frederick Douglass |
Additional Information
| Days on Market | 115 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | $175 |
| HOA Fees Freq. | Monthly |
Listing Details
| Office | Atlanta Communities |
|---|