tomo logo

$710,000

Beds
3
Baths
2.5
sq ft
2,882

1120 Bookhout Dr, Cumming, GA 30041

1120 Bookhout Dr

Cumming, GA 30041

  • 39 days on market
    • Price drop $9,000↓
    • Open house Sep 22
WATER FRONT! LARGE FLAT REAR YARD! Great for family entertaining and easy access into the lake. Beautiful stone and hard coat stucco home. Neutral decor, great room has a wall of windows overlooking the lake, light/bright, vaulted ceiling, open plan great room/kitchen, great for entertaining, inviting foyer open to large dining room & multi-use room, used for music/library/office or sitting room. Split bedroom plan for guest privacy. This home is located in the Commons section of Longlake (Active Adult section) with lawn care service @ $75 a month = $900 a year. Longlake is a sought-after community due to its 45 acre lake for fishing and boating. Location: close to medical (2 hospitals), 400 access, shopping (Collection and Halcyon) restaurants, and entertainment at The City Center. Mature landscaping, swimming (swim team), tennis, pickleball, ALTA teams, large clubhouse, and playground. Vacation Never Leaving Longlake.

Details

Property type

Single Family Residence

Est. home value

$716,977

Lot size

0.42 acres

Price per sq ft

$247

Year built

2000

Annual property taxes

$5,888

Monthly HOA fee

$83.33

Price History

09/05/2024
FMLS

FMLS #7436304

Price change
$710,000
-1.25%
08/15/2024
FMLS

FMLS #7436304

Listed
$719,000
+69.98%
12/04/2018
FMLS

FMLS #6066271

Sold
$423,000

Schools & Community

Elementary school: 

Shiloh Point

Middle school: 

Piney Grove

High school: 

South Forsyth

Community features: 

Clubhouse, Fishing, Lake, Pool, Sidewalks, Street Lights, Tennis Court(s)

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

$262,352
Asking price
$710,000
Closing costs (~8% of asking)
-$56,800
Est. remaining loan balance
-$390,848
Cash to seller
$262,352

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

Seller’s Loan History

Lender

Village Capital

Loan start date

July 2020

Original loan amount

$428,949

Est. remaining balance

$390,848

Interest rate

3.18%

Loan type

VA, 30 year

Seller

Thompson Diane Irby and Samuel Thompson

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?

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Status: Active

Tomo last checked: 09/21/2024 at 1:40 AM

Listing updated: 09/17/2024 at 11:05 AM

Listed by: Carol Thompson, Coldwell Banker Realty Phone #: (770) 889-3051

MLS: FMLS #7436304

FMLS logo

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