Active Under Contract$219,900
3 bd2 ba1,100 SFSingle-family home
3680 Larkspur Terrace
Decatur, GA 30032 · Meadowdale · 127 days listed
FMLS #7792251 · Listing Provided By Keller Williams Realty Intown ATL · 404-541-3500
Active15 days listed
3027 Rapids Drive, Decatur, GA 30034
- 4bd
- 2ba
- 1,600SF
- 0.14ac lot
FMLS #7852953 · Listing Provided By Macks Group · 305-903-3442 · Listing agent Behrouz Salamat
About this home
INVESTOR SPECIAL! PRICED BELOW MARKET VALUE! Great opportunity in Decatur! This handyman special is packed with potential and is perfect for investors, flippers, or buyers looking to create their dream home with little TLC and remodeling to make it truly shine. GORGEOUS HOME IN A STABLE NEIGHBORHOOD!!!HOME FEATURES 4 BEDROOMS, 2 BATHROOMS + Bonus Room offering flexible space for home office, recreation room, or extra living area. CLOSE TO SHOPPING AND CONVENIENT TO MOST MAJOR HIGHWAYS. THIS HOME IS A DEFINITE MUST SEE!!! BRING YOUR BUYERS ASAP THIS WILL NOT LAST!!!
How this list price compares in Decatur
- List price is 26% below the Decatur median list price of $299,000 (934 homes).
- Compared with 677 single-family homes in Decatur: 29% below the median of $309,900.
- List price per square foot is 27% below the Decatur median of $188/SF.
- 3 homes for sale in Cascade Manor.
- All 934 homes for sale in Decatur, 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
- Single-family home
- Status
- Active
- Bedrooms
- 4
- Full baths
- 2
- Living area
- 1,600 SF
- Lot size
- 0.14 acres
- Year built
- 1993
- Levels
- One
- Main-level bedrooms
- 4
- Garage spaces
- 1
- Parking
- Attached, Garage, Garage Faces Front
- Style
- Ranch
- Construction
- Other
- Roof
- Composition, Shingle
- Flooring
- Carpet, Hardwood, Vinyl
- Heating
- Central
- Cooling
- Ceiling Fan(s), Central Air
- Fireplaces
- 1
- Appliances
- Dishwasher, Disposal, Gas Range, Refrigerator
- Lot
- Back Yard, Front Yard, Private
- Community
- Sidewalks, Street Lights
- HOA
- No
- Annual tax
- $480 (2025)
- County
- DeKalb
Assigned schools
- HighSouthwest Dekalb
- MiddleChapel Hill - Dekalb
- ElementaryBob Mathis
As reported in the listing. Verify with the school district.
Payment estimate
Estimate the monthly payment
Prefilled with the list price of $219,900 and this week's average rate. Change anything to see your number.
Estimated monthly payment
$1,607/mo
- Principal and interest
- $1,360
- Property tax
- $40
- Home insurance
- $125
- Mortgage insurance
- $82
- HOA dues
- $0
- Loan amount
- $197,910
- Cash down
- $21,990
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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FMLS #7821388 · Listing Provided By Mainstay Brokerage LLC · 800-583-2914
Questions about this home
How do I schedule a showing of this home?
Use the "Ask about this home" form on this page and include the days and times that work for you. Jeff Crowe will follow up to set up a showing.
How do I get more information about this listing?
Send your question through the form on this page. Listing details come from FMLS and are provided by Macks Group, so confirm them before making an offer.
Is this home still available?
This page shows the status reported in FMLS (Active) as of the last update. Status can change quickly, so ask through the form to confirm before you tour.
How is the monthly payment estimate calculated?
It uses the list price, an average mortgage rate, the tax amount in the listing (or an estimated tax rate when none is given), estimated insurance and any HOA dues in the listing. It is an estimate only, not a loan offer. Talk to a licensed lender for a real quote.
Where can I see similar homes for sale in Decatur?
See the similar homes section on this page, or browse all homes for sale in Decatur, GA.
Beyond homes
Also exploring Georgia investment real estate?
Jeff Crowe is a local, full-service agent with CENTURY 21 The Avenues who also works with buyers and sellers of apartment buildings, churches, commercial property and land across Georgia. The pages below are other property types and investor research, separate from this home listing.
Other property types for sale
- apartment buildings for sale in GAApartment buildings and complexes for sale across Georgia.
- multifamily investment opportunities in GeorgiaDuplexes to large complexes, with screening cap rates on each building.
- church buildings for sale in GeorgiaChurch buildings and sanctuaries for sale statewide.
- apartment buildings for sale in DecaturApartment buildings for sale in Decatur, GA.
- commercial real estate for sale in GeorgiaOffice, retail, industrial and other commercial buildings.
Investor research and tools
- apartment cap rates in GeorgiaMedian screening cap rates on Georgia and Atlanta apartment asks, with sample sizes.
- multifamily NOI guideHow NOI is built on an apartment building, line by line, and where listing NOI goes wrong.
- apartment building DSCR loan guideDSCR loans for apartment buildings: the 1.25x test, what lenders size on, and Georgia asks.
- apartment building loans explainedConventional, DSCR, bank, agency, bridge and seller financing for apartment and commercial buildings.
- NOI and cap rate calculatorBuild NOI from rents and expenses, then solve for cap rate, price, or value.
- rental property cash flow calculatorRent roll, expenses and the loan in one model: NOI, DSCR, cash-on-cash, cash flow, PDF.
Thinking about a rental or a building instead? Send Jeff a message.
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