1991 Mountain Creek Dr Stone Mountain: Off-Market Value-Add
Not every deal shows up on the open market. 1991 Mountain Creek Dr Stone Mountain is being offered off market at $415,000, and the projected numbers are what make it interesting: an after-repair value of $625K against an estimated renovation budget of about $75k.
Deal snapshot
- Purchase price: $415,000
- Estimated rehab: $75k
- ARV: $625K
- Four bedrooms, two and a half baths, 2,808 square feet
- Built 1979 on 0.63 acre
The house
This two-story brick traditional sits on a quiet street lined with trees, on a private wooded lot. A formal living room and a formal dining room sit off the entry. The den is the room people remember, with warm wood paneling, a brick fireplace and built-in bookshelves on either side of it. The kitchen offers wood cabinets, double wall ovens, a cooktop and a breakfast area, and a bonus room adapts to whatever the next owner needs.
The primary suite includes a jetted whirlpool tub. Out back, a screened porch overlooks the woods.
Below and behind the scenes
A partial basement is partly finished, leaving space that could become a workshop or storage. Climate control is split into two zones served by dual furnaces. A lengthy drive leads up to the attached garage.
Bottom line
The structure is strong. What it needs is a buyer with a plan for updating it.
For agents and buyers
Since this home is not listed publicly, the Nil Patel Real Estate office arranges showings and shares specifics privately. Reach out to the team to talk through the numbers before making an offer.
