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981 Cherokee Ave SE
Pending
Single Family
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$479,000

981 Cherokee Ave SE, Atlanta

50% below median
3 bd·2 ba·0 sqft
Built 194010,890 sqft lotGrant Park

981 Cherokee Ave SE, Atlanta, GA

3 bd · 2 ba · 0 sqft Single Family listed at $479,000, built in 1940 in the Grant Park neighborhood.

About this home

Some homes are about square footage. Others are about possibility. 981 Cherokee Ave is firmly the latter. Located on one of Grant Park's most loved streets, this charming cottage offers buyers something increasingly rare in intown Atlanta: a chance to own in an A+ neighborhood at an approachable entry point - with room to add value over time. The home is filled with natural light and has a layout that lives comfortably day to day, with connected common spaces that make it easy to imagine hosting friends, working from home, or settling into a slower neighborhood rhythm. The bedrooms are more modest in size, but the tradeoff is intentional - a footprint that's efficient, manageable, and ideal for buyers who value location, charm, and smart investment over excess space. Step outside and you're minutes from Grant Park, the BeltLine, restaurants, coffee shops, and neighborhood staples - the kind of walkable lifestyle that consistently supports long-term demand and resale value. From an analytical standpoint, the opportunity here is clear. Homes on Cherokee Avenue and in the surrounding Grant Park corridor continue to perform well due to limited inventory, strong owner-occupant demand, and consistent renovation activity. For investors or renovation-minded buyers, this property offers a compelling value-add play in a proven location. To make that opportunity even more accessible, a renovation loan option is available through Highland Mortgage, allowing buyers to finance improvements alongside their purchase. This creates a realistic path for first-time buyers who may assume they can't afford both a home they love and the updates they want - and for investors looking to execute upgrades efficiently without tying up all-cash capital. Whether you're a buyer searching for a charming cottage to make your own, an investor focused on long-term fundamentals, or a first-time homeowner ready to enter the Grant Park market with a smart plan, 981 Cherokee Ave offers both emotional appeal and financial logic. This is a home you can grow into - and an opportunity that makes sense on paper.

Property details

Price
$479,000
Bedrooms
3
Bathrooms
2
Year built
1940
Lot size
10,890 sqft
Type
Single Family
Days on market
65
Est. property tax
$4,407/yr · $367/mo · 0.92% GA avg
Last sold
$410,600 · Sep 2020

Estimated monthly payment

Down payment20% ($95,800)
Interest rate6.75%
Principal & Interest$2,485
Property Tax$439
Insurance$150
Total$3,075/mo

Can I afford this?

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Price history

$605K$276K$-54K$26K on Jan 87 (Sold)$28K on Mar 88 (Sold)$40K on Mar 88 (Sold)$100K on Sep 00 (Sold)$134K on Nov 00 (Sold)$160K on Jan 01 (Sold)$318K on Feb 04 (Sold)$199K on Oct 06 (Sold)$230K on Jun 09 (Initial list)$230K on Jun 09 (Initial list)$220K on Aug 09 (Price change)$220K on Aug 09 (Price change)$220K on Aug 09 (Price change)$209K on Aug 09 (Relisted)$209K on Sep 09 (Price change)$200K on Oct 09 (Price change)$200K on Oct 09 (Price change)$185K on Nov 09 (Price change)$185K on Nov 09 (Price change)$185K on Nov 09 (Price change)$185K on Nov 09 (Price change)$1K on Nov 09 (Price change)$178K on Jan 10 (Initial list)$178K on Jan 10 (Initial list)$1K on Jan 10 (Price change)$1K on Jan 10 (Price change)$1K on Feb 10 (Price change)$1K on Feb 10 (Price change)$1K on Feb 10 (Price change)$1K on Feb 10 (Price change)$3K on Mar 10 (Price change)$178K on Mar 10 (Price change)$178K on Mar 10 (Price change)$125K on Oct 12 (Sold)$2K on Aug 13 (Price change)$2K on Aug 13 (Price change)$2K on Aug 13 (Price change)$2K on Aug 13 (Price change)$2K on Sep 13 (Price change)$2K on Sep 13 (Price change)$1K on Oct 13 (Price change)$1K on Oct 13 (Price change)$1K on Feb 14 (Price change)$1K on Feb 14 (Price change)$1K on Feb 15 (Price change)$1K on Feb 15 (Price change)$1K on Feb 15 (Price change)$1K on Feb 15 (Price change)$1K on Mar 15 (Price change)$1K on Mar 15 (Price change)$3K on Dec 15 (Price change)$319K on Aug 18 (Initial list)$319K on Aug 18 (Initial list)$320K on Aug 18 (Price change)$320K on Aug 18 (Sold)$320K on Sep 18 (Sold)$411K on Sep 20 (Sold)$550K on Jul 25 (Initial list)$550K on Jul 25 (Initial list)$525K on Sep 25 (Price change)$525K on Sep 25 (Price change)$525K on Oct 25 (Price change)$520K on Oct 25 (Initial list)$520K on Oct 25 (Initial list)$499K on Dec 25 (Price change)$499K on Dec 25 (Price change)$499K on Feb 26 (Price change)$499K on Feb 26 (Initial list)$499K on Feb 26 (Initial list)$499K on Feb 26 (Initial list)$479K on Feb 26 (Price change)$479K on Feb 26 (Price change)
$26K · Jan 87$479K · Feb 26
  1. Feb 26, 2026$479,000Price change
  2. Feb 26, 2026$479,000Price change
  3. Feb 20, 2026$499,000Initial list price
  4. Feb 20, 2026$499,000Initial list price
  5. Feb 20, 2026$499,000Initial list price
  6. Feb 16, 2026$499,000Price change
  7. Dec 4, 2025$499,000Price change
  8. Dec 3, 2025$499,000Price change
  9. Oct 23, 2025$520,000Initial list price
  10. Oct 23, 2025$520,000Initial list price
  11. Oct 20, 2025$525,000Price change
  12. Sep 22, 2025$525,000Price change
  13. Sep 22, 2025$525,000Price change
  14. Jul 10, 2025$550,000Initial list price
  15. Jul 1, 2025$550,000Initial list price
  16. Sep 17, 2020$410,550Sold
  17. Sep 12, 2018$319,500Sold
  18. Aug 31, 2018$319,500Sold
  19. Aug 8, 2018$319,900Price change
  20. Aug 7, 2018$319,000Initial list price
  21. Aug 7, 2018$319,000Initial list price
  22. Dec 3, 2015$3,000Price change
  23. Mar 18, 2015$1,425Price change
  24. Mar 17, 2015$1,425Price change
  25. Feb 27, 2015$1,425Price change
  26. Feb 25, 2015$1,425Price change
  27. Feb 12, 2015$1,425Price change
  28. Feb 12, 2015$1,425Price change
  29. Feb 19, 2014$1,495Price change
  30. Feb 12, 2014$1,495Price change
  31. Oct 11, 2013$1,495Price change
  32. Oct 11, 2013$1,495Price change
  33. Sep 13, 2013$1,650Price change
  34. Sep 12, 2013$1,650Price change
  35. Aug 31, 2013$1,650Price change
  36. Aug 30, 2013$1,650Price change
  37. Aug 14, 2013$1,650Price change
  38. Aug 14, 2013$1,650Price change
  39. Oct 10, 2012$125,000Sold
  40. Mar 7, 2010$178,000Price change
  41. Mar 6, 2010$178,000Price change
  42. Mar 1, 2010$3,000Price change
  43. Feb 17, 2010$1,095Price change
  44. Feb 15, 2010$1,095Price change
  45. Feb 14, 2010$1,095Price change
  46. Feb 11, 2010$1,100Price change
  47. Jan 21, 2010$1,150Price change
  48. Jan 19, 2010$1,195Price change
  49. Jan 5, 2010$178,000Initial list price
  50. Jan 5, 2010$178,000Initial list price
  51. Nov 17, 2009$1,200Price change
  52. Nov 6, 2009$184,900Price change
  53. Nov 5, 2009$184,900Price change
  54. Nov 4, 2009$184,900Price change
  55. Nov 2, 2009$184,900Price change
  56. Oct 19, 2009$199,900Price change
  57. Oct 19, 2009$199,900Price change
  58. Sep 10, 2009$209,000Price change
  59. Aug 27, 2009$209,000Relisted
  60. Aug 25, 2009$219,900Price change
  61. Aug 20, 2009$219,900Price change
  62. Aug 18, 2009$219,900Price change
  63. Jun 10, 2009$229,900Initial list price
  64. Jun 5, 2009$229,900Initial list price
  65. Oct 17, 2006$199,000Sold
  66. Feb 17, 2004$318,000Sold
  67. Jan 24, 2001$160,000Sold
  68. Nov 28, 2000$134,400Sold
  69. Sep 21, 2000$100,000Sold
  70. Mar 18, 1988$40,000Sold
  71. Mar 1, 1988$28,000Sold
  72. Jan 30, 1987$26,000Sold

Location

This home is located in Atlanta, GA. Browse more Atlanta listings on the Atlanta market page or explore the full Atlanta market report.

About Atlanta: Atlanta is the capital and most populous city of the U.S. state of Georgia. It is the county seat of Fulton County and extends into neighboring DeKalb County. With a population of 498,715 at the 2020 census and an estimated 520,070 in 2024, Atlanta is the eighth-most populous city in the Southeast and the 36th-most populous city in the United States. Atlanta is classified as a Beta+ global city. The Atlanta metropolitan area has an estimated population of over 6.4 million and is the sixth-largest metropolitan area in the United States. Situated among the foothills of the Appalachian Mountains at an elevation of just over 1,000 feet (300 m) above sea level, Atlanta features a unique topography that includes rolling hills, lush greenery, and the densest urban tree coverage of any major city in the United States. (source: Wikipedia)

Climate: Average year-round temperature is 63°F with 206 dry days per year and 48.8 inches of annual rainfall.

Location

Map of 981 Cherokee Ave SE, Atlanta
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Home Intelligence

Neighborhood (zip 30315)

This neighborhood is primarily renter-occupied (39% owner-occupied). Median age is 35.0; 16% hold a bachelor's degree; median household income is $36,436.

Median income
$36,436
Median age
35.0
Owner-occupied
38.8%
Bachelor's degree
16.3%
Census median home value
$240,100

Source: US Census Bureau American Community Survey 5-year estimates.

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