1860 Penelope Rd NW

Atlanta, GA 30314

$475,000
Last Sold Price
3
Beds
1,688 Sq. Ft.
$281 / Sq. Ft.
1,688
Sq. Ft.
$281
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 5/20/26
Closed 5/20/26

Description

Set on 1.75 acres in the heart of Atlanta, this renovated home offers a rare opportunity to own your own urban oasis with the flexibility to live, host, and generate income all in one place. With cash flow becoming harder to find, this property offers a unique opportunity. Enjoy it as a private residence with incredible outdoor space, purchase it as a fully operating hostel business that has averaged approximately $150,000 per year in revenue over the past three years (see agent for details), or...Set on 1.75 acres in the heart of Atlanta, this renovated home offers a rare opportunity to own your own urban oasis with the flexibility to live, host, and generate income all in one place. With cash flow becoming harder to find, this property offers a unique opportunity. Enjoy it as a private residence with incredible outdoor space, purchase it as a fully operating hostel business that has averaged approximately $150,000 per year in revenue over the past three years (see agent for details), or use it as the ultimate house hack. The true highlight of this property is the land and outdoor experience, with features throughout the designed for gathering, entertaining, and flexible use. The grounds have been improved with over $15,000 in plantings, mature pecan and black walnut trees, and expansive cleared space ideal for gardening or simply enjoying the outdoors. A looping gravel drive with two access points on Penelope Rd, a secured gated entrance, and a gravel parking lot for 6+ vehicles or RVs provide both functionality and flexibility. The outdoor setup includes an outdoor shower, fire pit lounge area, elevated mulched terrace, pavilion-style seating and grilling area, multiple storage structures, a striking mural-covered shipping container, and additional structures including a yurt and glamping-style accommodations. The home was renovated in 2020 and features bright, updated interiors, including hardwood floors throughout, tiled bathrooms, and a renovated kitchen with white cabinetry and granite countertops. The layout offers flexibility for a variety of living arrangements, including a primary suite on the main level. An unfinished basement with interior and exterior entry, newer major systems including roof, HVAC, and water heater (all approximately 5 years old), and a detached two-car garage add functionality and long-term value. The property also offers ample space to add an ADU or convert the detached two-car garage into an ADU, creating an additional income stream. There may also be potential to subdivide the property into multiple parcels; Buyer should confirm feasibility with the appropriate authorities. A truly unique opportunity to own a property with rare acreage, character, and income potential in the heart of Atlanta.
  1. Listed by Grant Waugh • Down Home Properties • 770-209-3919

Property Details for 1860 Penelope Road Northwest

Subdivision Complex
Penelope Neighbors
Architectural Style
Cape Cod, Traditional
Exterior
Garden, Private Entrance, Private Yard, Rain Gutters, Storage
Num Of Garage Spaces
2
Num Of Parking Spaces
6
Parking Features
Detached, Driveway, Garage, Level Driveway, RV Access/Parking, See Remarks
Property Attached
No
Waterfront Features
None
LISTING UPDATED: 05/27/2026 01:51 AM

Property Details for 1860 Penelope Road Northwest

StatusClosed
MLS #7737276
Days on Market18
Taxes$4,934 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1949
Lot Size1.75 AC / 76,129 SF
CountyFulton County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Down Home Properties, Grant Waugh

Sold By Local Realty, LINDSEY GRAVITT

Add your commute

Building Information for 1860 Penelope Road Northwest

Stories2Year Built1949Building Size-Lot Size1.75 AC / 76,129 SF

Payment Calculator

Get preapproved with Rocket Mortgage1

$2,778 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,367

Property Taxes

$411

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 1860 Penelope Road Northwest

Summary
Location and General Information
  • Community Features: None
  • Directions: No sign in yard. Once on Anderson Ave, turn left on to Penelope Rd NW Home is on the left just past the speed hump.
  • Lake Name: None
  • View: Neighborhood, Rural, Trees/Woods
  • Coordinates: -84.448388, 33.753202
Taxes and HOA Information
  • Parcel Number: 14 017300090243
  • Tax Year: 2025
  • Master Association Fee: $.00
  • HOA Rent Restrictions: No
  • Association: No
  • Tax Legal Description: 0
School Information
  • Elementary School: Fulton - Other
  • High School: Fulton - Other
  • Middle School: Fulton - Other
Parking
  • Open Parking: Yes
Agent
Payment and Rate
  • Concessions Amt: $.00
Interior and Exterior Features
Interior Features
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central
  • Appliances: Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, Gas Cooktop, Gas Range, Microwave, Refrigerator, Washer
  • Basement: Exterior Entry, Interior Entry, Partial, Unfinished, Walk-Out Access
  • Fireplace Features: Living Room
  • # of Fireplaces: 1
  • Flooring: Hardwood, Wood
  • Interior Features: High Speed Internet, Low Flow Plumbing Fixtures, Recessed Lighting, Smart Home
  • Levels/Stories: Two
  • Other Equipment: None
  • Window Features: Insulated Windows
  • Bedroom Features: Master on Main
  • Diningroom Features: Open Concept, Separate Dining Room
  • Kitchen Features: Cabinets White, Stone Counters
  • Master Bathroom Features: Tub/Shower Combo
  • Foundation: Block
  • Main Bedrooms: 1
  • Total Half Baths: 1
  • Bathrooms Total Interger: 3
  • Main Full Baths: 1
  • Additional Rooms: Basement, Living Room, Office, Workshop
  • Bathrooms Total Decimal: 2.50
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Brick, Stone
  • Dock: None
  • Fencing: None
  • Horse Amenities: None
  • Patio And Porch Features: Covered, Deck, Patio
  • Pool Features: None
  • Road Surface Type: Asphalt, Gravel, Paved
  • Roof Type: Shingle
  • Security Features: Secured Garage/Parking, Security Gate, Security Lights, Security System Owned, Smoke Detector(s)
  • Spa Features: None
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, In Basement
  • Pool Private: No
  • Road Frontage Type: City Street
  • Other Structures: Garage(s), Outbuilding, Shed(s), Storage, Workshop
Property
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
  • Water Source: Public
  • Electric: 110 Volts, 220 Volts
Property and Assessments
  • Home Warranty: No
  • Property Condition: Resale
  • Possession: Close Of Escrow
Green Features
  • Green Energy Efficient: Appliances, HVAC, Insulation, Lighting, Thermostat, Water Heater
  • Green Energy Generation: None
Lot Information
  • Above Grade Finished Area: 1688.0
  • SqFt Source: Appraiser
  • Square Footage: 1688.0
  • Common Walls: No Common Walls
  • Lot Features: Back Yard, Cleared, Farm, Front Yard, Level, Private
  • Acreage Source: Public Records
  • Below Grade Unfinished Area: 457.0
  • Waterfront Footage: 0.0
  • Vegetation: Cleared, Grassed, Partially Wooded, Wooded
Rental
Rent Information
  • Terms: Other
  • Land Lease: No
  • Occupant Types: Owner

Property History for 1860 Penelope Road Northwest

DateEvent & SourcePriceAppreciation
Aug 6, 2020

Sold (Public Record)

Public Record #675647725

$265,000

+69.7% / yr

Sep 28, 2016

Sold (Public Record)

Public Record #584017555

$34,500—
DateEvent & SourcePrice
08/06/2020

Sold (Public Record)

Public Record #675647725

$265,000

+69.7% / yr

09/28/2016

Sold (Public Record)

Public Record #584017555

$34,500

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1860 Penelope Road Northwest

Taxable ValueLand$86,080Additions$125,240Total$211,320
Home Facts
Beds3Baths1.5Total Finished SqFt1,470 SqFtAbove Grade Finished SqFt1,470 SqFtStories1Lot Size76,099 SqFtStyleSingle Family ResidenceYear Built1949Year Renovated2018ZoningR4CountyFULTONAPN14 017300090243Fireplace TypeHas Fireplace

Schools near 1860 Penelope Road Northwest

This home is within Atlanta Public Schools.
Rating
School
Type
Grades
Distance
F. L. Stanton Elementary School
Public - PK to 5
John Lewis Invictus Academy
Public - 6 to 8
Douglass High School
Public - 9 to 12
KIPP Soul Academy
Charter - 6 to 8
Rating
School
Distance
F. L. Stanton Elementary School
PublicPK to 5

John Lewis Invictus Academy
Public6 to 8

Douglass High School
Public9 to 12

KIPP Soul Academy
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Down Home Properties, Grant Waugh

Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.