tomo logo

$1,000,000

Beds
4
Baths
3.5
sq ft
3,174

1160 Mado Loop, Palmetto, GA 30268

1160 Mado Loop

Chattahoochee Hills, GA 30268

  • 6 days on market
Seller offering to pay for a 2-1 Buy-down with approved lender; this would save you almost $1000 per month the 1st year and almost $500 per month the 2nd year. Serenbe offers a lifestyle that intertwines the beauty of nature, a thoughtfully planned community, the arts, great recreational facilities and stunning architecture. Less than an hour from city life of Atlanta is a rural utopia for those who want to embrace nature and living in spectacular community. This home is very close to the Mado Commercial District which will soon offer a fully self-sustaining 3-12 school with the first Tesla commercial roof in Georgia, a luxurious swim club, nature trails, play grounds, multiple restaurants, shops, and coming soon "aging in place" wellness campus with apartments and cottages. This home offers a contemporary European design with high end finishes and details including geothermal heating and cooling, tankless water heater, and stacking closets on all three levels for an elevator if desired. The gorgeous kitchen features stainless steel appliances, quartz waterfall island and is open to dining and family room with fireplace and direct access to a large entertaining deck overlooking the woods and pond. There is also a powder room and parlor/home office/music room on the main level as you enter the home. Upstairs are three bedrooms including the owners’ suite with walk-in closet, separate shower/soaking tub, dual vanities and stunning views. The terrace level offers another living space that also has access to another spacious deck, a large bedroom and bath plus finished and unfinished storage areas. Make this your new home today. Tennis is included in yearly HOA fees, but the Swim Club is an additional $700/year with an initiation fee of $8500. All homes sales in Serenbe are subject to a mandatory 1% contribution to the Serenbe Art Institute. This contribution is generally considered a charitable contribution for tax purposes but please advise buyers to speak with their accountant for tax guidance.

Details

Property type

Single Family Residence

Est. home value

$1,091,103

Lot size

2,614 sq ft

Price per sq ft

$316

Year built

2021

Annual property taxes

$11,038

Monthly HOA fee

$127.33

Price History

07/01/2024
FMLS

FMLS #7333153

Removed
$1,000,000
07/01/2024
FMLS

FMLS #7413935

Listed
$1,000,000
05/22/2024
FMLS

FMLS #7333153

Price change
$1,000,000
-9.09%

Schools & Community

Elementary school: 

Palmetto

Middle school: 

Bear Creek - Fulton

High school: 

Creekside

Community features: 

Fitness Center, Lake, Playground, Pool, Restaurant, Stable(s), 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

$383,167
Asking price
$1,000,000
Closing costs (~8% of asking)
-$80,000
Est. remaining loan balance
-$536,833
Cash to seller
$383,167

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

Seller’s Loan History

Lender

Cmg Mortgage

Loan start date

October 2021

Original loan amount

$570,000

Est. remaining balance

$536,833

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Cindy S Hernandez and Eduardo Hernandez

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: 07/07/2024 at 7:30 PM

Listing updated: 07/02/2024 at 1:25 AM

Listed by: Bob Glascock, Coldwell Banker Realty Phone #: (404) 262-1234

MLS: FMLS #7413935

FMLS logo

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