tomo logo

$995,000

Beds
6
Baths
3.5
sq ft
3,000

110 Cedar Ln NW, Milledgeville, GA 31061

110 Cedar Ln NW

Milledgeville, GA 31061

  • 128 days on market
    • Price drop $205,000↓
Welcome to 110 Cedar Lane NW, a remarkable lake house and business oportunity nestled on the serene shores of Cedar Creek, Lake Sinclair in Baldwin County, Georgia. This rare waterfront property spans over 5.2 acres, offering a picturesque retreat for those seeking tranquility and endless opportunities. The main house, a charming A-frame design, boasts 3 bedrooms and 1 bathroom, creating a cozy and inviting atmosphere. Recently renovated, it now features a brand-new kitchen and two new fireplaces, adding a touch of modern comfort to its rustic charm. Step outside, and you'll find a convenient half bath, ensuring the utmost convenience for your guests. As you explore the property, you'll discover a wealth of possibilities. The 3-bay shop, complete with a 1500 sq ft apartment above, presents an exciting opportunity for rental income, currently leased at $1500 per month. Additionally, several pole barns and outside storage areas offer ample room for boats, campers, and vehicles, ensuring all your recreational and storage needs are met. This property is home to Ace Mobile Marine Service, a highly successful boat and personal watercraft repair business. The owner is willing to sell the business alongside the property, presenting a remarkable income potential for a mechanic/owner/operator. Take advantage of this unique offering and establish your presence in the thriving marine industry. Imagine your days spent basking in the natural beauty of Lake Sinclair. With your private boat ramp, accessing the big waters for fishing, boating, wakeboarding, jet-skiing, and more is a breeze. The recently upgraded dock, complete with new boards, a covered boat house, and a storage closet with a refrigerator, provides a haven for relaxation and enjoyment. Dive into the lake from the high dive or grill out on the dock, creating lasting memories with family and friends. The sandy beach area is a favorite spot for kids to play, ensuring endless summer fun. Beyond the boundaries of your private oasis, the surrounding area offers a multitude of attractions. Explore the nearby Lake Oconee, renowned for its beauty, or take advantage of the proximity to Downtown Milledgeville and Downtown Eatonton, Georgia College & State University and Georgia Military College. Enjoy the convenience of local amenities, shopping centers, and lakeside restaurants, where you can savor delectable meals with a stunning view. Whether you seek a vacation home, an investment property, space for your marine business, or a forever home, 110 Cedar Lane NW offers it all. From cherished childhood memories to new adventures, this lakefront paradise invites you to create a lifetime of joy and relaxation. Don't miss this opportunity to make this piece of heaven your own. Call listing agent today for more information or to schedule your personal tour.

Details

Property type

Single Family Residence

Est. home value

$911,676

Property condition

Updated/Remodeled

Lot size

5.20 acres

Price per sq ft

$332

Year built

1974

Annual property taxes

$2,274

Price History

09/07/2024
GeorgiaMLS

GeorgiaMLS #10299920

Removed
$995,000
08/12/2024
GeorgiaMLS

GeorgiaMLS #10299920

Listed
$995,000
08/09/2024
GeorgiaMLS

GeorgiaMLS #10299920

Price change
$995,000
-17.08%

Schools & Community

Elementary school: 

Midway

Middle school: 

Oak Hill

High school: 

Baldwin

Community features: 

None

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$876,077
Asking price
$995,000
Closing costs (~8% of asking)
-$79,600
Est. remaining loan balance
-$39,323
Cash to seller
$876,077

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Suntrust Bank

Loan start date

June 2012

Original loan amount

$54,300

Est. remaining balance

$39,323

Interest rate

3.9%

Loan type

New Conventional, 30 year

Seller

Richard E Tischer

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

GeorgiaMLS
$895,000
7 bd
|
4 ba
|
3,360 sq ft
|
House

254 Big Oconee River Rd, Sparta, GA 31087

Price drop
GeorgiaMLS
$999,000
3 bd
|
2.5 ba
|
2,400 sq ft
|
House

138 Waits Rd, Milledgeville, GA 31061

Price drop
GeorgiaMLS
$864,000
3 bd
|
2.5 ba
|
2,505 sq ft
|
House

195 Sheffield Ter, Sparta, GA 31087

Status: Active

Tomo last checked: 09/20/2024 at 7:30 AM

Listing updated: 09/08/2024 at 1:24 AM

Listed by: Jessica T. Bowers, Georgia's Home Team Realty

MLS: GeorgiaMLS #10299920

GeorgiaMLS logo

Recently listed in Milledgeville