$5,047 Closing Credit¹
#7564019, Jennifer Ho, Listing Office: Virtual Properties Realty.com
$430,000 List price
488 Mcwilliams Ave SE Atlanta, GA 30316
$5,106
Closing credit¹
3 beds
1 full
1,410 sqft
0.3 acres
$305 / sqft
House
Property details
About 488 Mcwilliams Ave SE
---- With some personal update ---- This is the perfect opportunity for both savvy investors and families looking to build equity from day one. Located in a quiet, well-established neighborhood, this solid home offers great fundamentals with only minor updates needed to unlock its full potential. Whether you're looking for a smart long-term investment or a place to call home while you add your own finishing touches, this property checks all the boxes. The layout is functional and family-friendly, featuring spacious living areas, generously sized bedrooms, and good natural light throughout. The kitchen and bathrooms are fully functional but offer room for simple cosmetic improvements-ideal for buyers looking to build sweat equity. Investors will appreciate the strong value-add upside, while families will love the chance to create a personalized space without breaking the bank. Outside, the property features a large yard with plenty of room for kids, pets, or future enhancements. Mechanicals are in good shape, and there's off-street parking included. Whether you're a buy-and-hold investor, a house hacker, or a growing family, this home offers flexibility, long-term upside, and immediate livability. --- Charming Cottage in East Lake - Atlanta, GA. Welcome to this delightful cottage nestled in the heart of Atlanta's pedestrian-friendly Glenwood community. Situated on a generous 0.25-acre lot, this home offers both comfort and character in a location you'll love. Whether you're a first-time buyer or looking to downsize without compromise, this charming Glenwood cottage is move-in ready and full of potential. Come see what makes this property such a rare find in Atlanta! **Special terms available: Owner/Seller financing with 30% down, 5.75% interest, 30-year amortization, and a 5-year balloon-making this a rare find in today's market.** Seller is highly responsive and prepared to move quickly. All offers will be reviewed-**submit your best offer by 7:00 PM on April 25th, 2025.** Owner/Agent/Seller are committed to a timely sale and open to creative deal structures. Don't miss this chance to secure a home with instant equity and flexible terms!
Highlights
Home typeSingle Family Residence
HeatingCentral, Forced Air, Natural Gas
StatusActive
CoolingCeiling Fan(s), Central Air
Size1,410 sqft
Lot size0.25 Acres
Year built1946
ParkingKitchen Level
MLS #10502398
Summary
- Full Bathrooms: 1
- Appliances: Microwave
- Basement: No
- Flooring Type: Carpet, Tile, Vinyl
- Total Bedroom Count: 3
- Attached Garage: No
- Parking: Kitchen Level
- Architectural Style: Bungalow/Cottage
- Heating: Central, Forced Air, Natural Gas
- Cooling: Ceiling Fan(s), Central Air
- List Price: $430,000
- Price/SqFt: $304
- Annual Tax Amount: $1,374
- Tax Year: 2022
- Lot: Private, Sloped
- Directions: Use GPS only - 488 Mcwilliams Ave Se, Atlanta, GA 30316
- Year Built: 1946
- Living Area: 1,410 SqFt
- Lot Size: 0.25 Acres
- MLS Number: 10502398
- MLS Name: Georgia MLS 2
- Office Name: Keller Williams Realty Atl. Partners
- Listing Agent: Anand Patel
Based on information from the Georgia MLS © 2025.
All information provided is deemed reliable but is not guaranteed and should be independently verified. GAMLS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser GAMLS and this broker assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.
DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/9/2025, 12:20:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$430,000
488 Mcwilliams Ave SE
$5,106
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 28, 2019 | Home Sold | $409,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $118,600 | $- |
| 2022 | $117,920 | $1,374 |
| 2021 | $107,640 | $- |
| 2020 | $84,440 | $661 |
| 2018 | $95,920 | $157 |
| 2017 | $70,760 | $157 |
History based on county public records data.
Nearby schools
7
Burgess - Peterson Academy
Public District KG-5
0.2 mi
•480 Clifton St SE
4
Fred A. Toomer Elementary School
Public District KG-5
1.1 mi
•65 Rogers St NE
8
Charles R. Drew Charter School
Public Charter PK-5
1.2 mi
•301 Eva Davis Way
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $42,012. Residents of Atlanta, GA typically earn less than $<35k each year. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
43%
<35k
32%
35k-100k
23%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
69%
Single, No Kids
7%
Single, with Kids
16%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
8%
<11 yrs old
3%
12-17 yrs old
30%
18-34 yrs old
39%
35-64 yrs old
20%
65+ yrs old
What do the neighbors do for fun?
NBA/WNBA
Figure Skating
Tennis
Where do the neighbors shop?
New York & Company
Family Dollar
IKEA
Where do the neighbors go to eat?
Qdoba
Church's Chicken
Chipotle
What do the neighbors drive?
Infiniti
Cadillac
Jeep
What do the neighbors listen to?
Active Rock
Jazz
Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 488 Mcwilliams Ave SE
The listing price of 488 Mcwilliams Ave SE property is $430,000.
The property 488 Mcwilliams Ave SE is a house located in Atlanta, Georgia, 30316.
Active Listing: 488 Mcwilliams Ave SE is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 488 Mcwilliams Ave SE are: Burgess - Peterson Academy (GreatSchools Rating 7/10), Fred A. Toomer Elementary School (GreatSchools Rating 4/10), Charles R. Drew Charter School (GreatSchools Rating 8/10), Ivy Preparatory Academy- Inc (GreatSchools Rating 4/10), Atlanta Neighborhood Charter - Middle School (GreatSchools Rating 7/10), Genesis Innovation Academy for Boys (GreatSchools Rating 5/10), Charles Drew Charter School Ja/Sa (GreatSchools Rating 7/10), Maynard Holbrook Jackson High School (GreatSchools Rating 4/10), Ronald E. McNair High School (GreatSchools Rating 1/10).
According to the records, the last property tax for 2022 is $1,374 (source: MLS/based on county public records data).
The last sale was on May 28, 2019 for $409,000 (source: MLS/tax record).
The property at 488 Mcwilliams Ave SE has 3 bedrooms and 1 bathroom.
The property 488 Mcwilliams Ave SE is 1,410 SqFt (source: MLS/tax record).
The year of construction for 488 Mcwilliams Ave SE is 1946.
This home is located at 488 Mcwilliams Ave SE in Atlanta, GA and zip code 30316 in the Glenwood Acres neighborhood. This 1,410 square foot home, which was built in 1946, sits on a 0.25 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 17, 2025 and is currently priced at $430,000.
In April 2025 more than 266 listings in Atlanta, GA were sold above the asking price. During the same period more than 296 listings were sold at asking price, while more than 650 were sold below. The number of homes for sale in Atlanta, GA increased by 17.5% between March and April 2025. Listings spent 45 days on the market in April 2025, and had a median list price of $424,792 during the same period.
From Rocket Homes Real Estate and based on county public records data.