500 Allendale Drive, Decatur, GA 30032

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Sold Price
$158,000
List Price
$169,900
Closing Date
Mar 24, 2026
MLS#
7715808
Status
CLOSED
Type
Single Family Residential
Subtype
Single Family Residence
Bedrooms
3
Bathrooms
1
Lot Size
0.25
Subdivision
East Lake Terrace
Basement Description
None

Property Description

East Lake Terrace Fixer Upper! Discover the exceptional potential of this East Lake area fixer-upper offered at $169,900! Perfectly positioned just one block from the world-renowned East Lake Golf Club, home of the PGA Tour Championship, this investment offers an unparalleled chance to capitalize on one of Atlanta's most rapidly appreciating neighborhoods.The home sits on a desirable, level lot surrounded by beautiful, established residences and is just steps away from the fairways. Furthermore, it’s just a few blocks away from the Candler Crossing Development at Glenwood and Candler, a $28.9 million revitalization project. This major development will feature a new Publix, a renovated MARTA stop, and is projected to open in 2027, promising significant appreciation and lifestyle enhancements for the area. Check out the surrounding renovated comps and new construction sale prices. There are multiple exit strategies for this deal. Buy, fix and add to your rental portfolio (ARVs: $200,000 to $275,000), renovate and flip/renovate with additional square footage and flip (ARVs: Mid-$300,000 to Mid-$500,000) or do a build new ($600,000 to $1,400,000)! See attached documents including a foundation inspection and a quote for foundation repair and a rental grade rehab. Please do your due diligence (inspections, contractor estimates and capital expenditure budget) prior to submitting an offer to eliminate the due diligence period.

Additional Information

Style
Ranch
Stories
One
Construction
Block, Frame, Wood Siding
Year Built
1949
Neighborhood Amenities
Country Club, Curbs, Golf, Near Public Transport, Near Schools, Near Shopping, Park, Street Lights
Kitchen Features
Cabinets White, Laminate Counters
Interior
Crown Molding, His and Hers Closets
Exterior
Garden, Private Entrance, Private Yard, Rain Gutters
Roof
Composition, Shingle
Lot Dimensions
75x146x73x146
Parking
Driveway, Kitchen Level, Level Driveway
Lot Desc
Back Yard, Front Yard, Level, Rectangular Lot, Wooded, Flood Plain
Water
Public
Sewer
Public Sewer
Elementary School
Ronald E Mcnair
Middle School
Mcnair - Dekalb
High School
Mcnair
Acres
0.25
Levels
One
Taxes
$4,135

Listing courtesy of Keller Williams Realty Metro Atlanta. Selling Office: EXP Realty, LLC..

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