1516 Parks Edge Lane Nw, Atlanta, GA 30318
Local realty services provided by:ERA Towne Square Realty, Inc.
1516 Parks Edge Lane Nw,Atlanta, GA 30318
$419,030
- 3 Beds
- 3 Baths
- 1,480 sq. ft.
- Townhouse
- Active
Listed by:malik bells404-734-5079
Office:atlanta communities
MLS#:7553621
Source:FIRSTMLS
Price summary
- Price:$419,030
- Price per sq. ft.:$283.13
- Monthly HOA dues:$175
About this home
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.
Contact an agent
Home facts
- Year built:2023
- Listing Id #:7553621
- Updated:August 19, 2025 at 01:24 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
- Full bathrooms:2
- Half bathrooms:1
- Living area:1,480 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Roof:Composition
- Year built:2023
- Building area:1,480 sq. ft.
- Lot area:0.02 Acres
Schools
- High school:Frederick Douglass
- Middle school:John Lewis Invictus Academy/Harper-Archer
- Elementary school:William M.Boyd
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer
Finances and disclosures
- Price:$419,030
- Price per sq. ft.:$283.13
- Tax amount:$6,454 (2024)
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