1. Georgia
2. Atlanta
3. 1516 Parks Edge NW Lane

1516 Parks Edge NW Lane, Atlanta, GA 30318

• 3 beds |
• 3 baths |
• 1,480 sqft

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. Preferred Invest Atlanta approved lender: Bonnie Stewart, Calcon Mortgage Preferred closing attorney: K.G. Hughes & Associates, College Park.

Listing Status:

Active

Date Added:

April 1, 2025 at 05:00AM

Listing Office:

Atlanta Communities : 404-844-4198

Listing Agent:

Malik Bells : 404-734-5079

MLS ID:

7553621

Interior

• General: Disappearing Attic StairsEntrance FoyerRecessed LightingWalk-In Closet(s)
• Rooms: BathroomBedroomKitchenLaundryLiving RoomMaster BathroomMaster Bedroom
• Appliances: DishwasherDisposalGas RangeMicrowave
• Laundry: In HallUpper Level
• Basement: None
• Flooring: CarpetLuxury Vinyl
• A/C: Central Air
• Heating: Central
• Fireplace: Fireplaces: 0
• Disability Feature: None
• Eco/Green Feature: NoneNone

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Malik Bells, Atlanta Communities