Active$549,900
4 bd4 ba2,893 SFTownhouse
2671 Colgan Court SE
Atlanta, GA 30317 · Enclave At East Lake · 61 days listed
FMLS #7828565 · Listing Provided By Berkshire Hathaway HomeServices Georgia Properties · 404-266-8100
Active78 days listed
1585 Rock Dam Drive, Atlanta, GA 30317
- 4bd
- 5ba
- 1,634SF
- 0.02ac lot
FMLS #7818957 · Listing Provided By DreamHomeToday.net · 678-551-6608 · Listing agent Akeen Felder
About this home
Modern design, functional living, and an unbeatable location. Welcome to 1585 Rock Dam Drive, an end-unit townhome in The Moderns, one of East Atlanta's most distinctive communities. Ideally situated near Kirkwood, East Lake, and East Atlanta Village, you'll enjoy quick access to Downtown, Decatur, the BeltLine, shopping, dining, and major highways. This three-level home offers 4 bedrooms, 4.5 bathrooms, and approximately 1600+ square feet of thoughtfully designed living space. The open main level features hardwood floors, high ceilings, a designer kitchen with stone countertops, a large island, and an open layout that flows seamlessly into the living area, making it ideal for both everyday living and entertaining. The flexible floor plan includes a private lower-level bedroom with a full bath, perfect for guests, a home office, or multigenerational living. Upstairs, the spacious primary suite is complemented by two additional bedrooms, while the expansive rooftop deck, finished with low-maintenance turf, creates a unique outdoor living space that's perfect for entertaining, relaxing, or taking in views of the Atlanta skyline. Additional features include a two-car rear-entry garage, fenced yard, multiple outdoor living spaces, and contemporary finishes throughout. If you've been looking for a move-in ready home that combines modern architecture, flexible living space, and one of Atlanta's most convenient intown locations, 1585 Rock Dam Drive delivers.
How this list price compares in Atlanta
- List price is 45% above the Atlanta median list price of $380,000 (5,381 homes).
- Compared with 871 townhouses in Atlanta: 20% above the median of $459,900.
- List price per square foot is 32% above the Atlanta median of $255/SF.
- 9 homes for sale in The Moderns.
- All 5,381 homes for sale in Atlanta, GA.
- 3,375 homes for sale in DeKalb County.
Figures are list prices from current FMLS IDX inventory (Active, Active Under Contract and Pending), not sales prices or appraisals.
Home facts
- Property type
- Townhouse
- Status
- Active
- Bedrooms
- 4
- Full baths
- 4
- Half baths
- 1
- Living area
- 1,634 SF
- Lot size
- 0.02 acres
- Year built
- 2018
- Levels
- Three Or More
- Main-level bedrooms
- 0
- Garage spaces
- 2
- Parking
- Garage, Garage Faces Rear
- Style
- Townhouse
- Construction
- Brick, Cement Siding
- Roof
- Composition
- Flooring
- Hardwood
- Heating
- Central
- Cooling
- Central Air
- Appliances
- Dishwasher, Disposal, Electric Oven, Electric Water Heater, Microwave, Range Hood
- Lot
- Cleared
- Community
- Near Public Transport, Near Schools, Near Shopping
- HOA
- No
- Annual tax
- $6,978 (2025)
- County
- DeKalb
Assigned schools
- HighMcNair
- MiddleMcNair - Dekalb
- ElementaryRonald E McNair
As reported in the listing. Verify with the school district.
Payment estimate
Estimate the monthly payment
Prefilled with the list price of $549,900 and this week's average rate. Change anything to see your number.
Estimated monthly payment
$4,312/mo
- Principal and interest
- $3,400
- Property tax
- $582
- Home insurance
- $125
- Mortgage insurance
- $206
- HOA dues
- $0
- Loan amount
- $494,910
- Cash down
- $54,990
This is an estimate only. Not a lender, not a loan offer and not a rate quote. Rates: Freddie Mac PMMS weekly average for 2026-10-22: 30-yr 7.32%, 15-yr 6.68%. Tax uses the annual tax amount in the listing; insurance assumes $1,500 a year. Conventional adds 0.5% a year mortgage insurance under 20% down; FHA uses 3.5% minimum down, a 1.75% upfront premium financed and 0.55% a year MIP; VA adds a 2.15% funding fee financed under 5% down and no monthly MI. Talk to a licensed lender for a real quote.
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Investor research and tools
- cap rates for apartment buildings in AtlantaMedian screening cap rates on Georgia and Atlanta apartment asks, with sample sizes.
- how to calculate NOI on an apartment buildingHow NOI is built on an apartment building, line by line, and where listing NOI goes wrong.
- debt service coverage ratio for apartmentsDSCR loans for apartment buildings: the 1.25x test, what lenders size on, and Georgia asks.
- gross rent multiplier explainedGross rent multiplier on apartment buildings: the formula, Georgia asking GRMs, and when GRM misleads.
- commercial cap rate calculatorBuild NOI from rents and expenses, then solve for cap rate, price, or value.
- DSCR and cash-on-cash calculatorRent roll, expenses and the loan in one model: NOI, DSCR, cash-on-cash, cash flow, PDF.
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