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$525,000

Beds
3
Baths
2.0
sq ft
Unknown

1201 Fraction Bottoms Rd, Buckhead, GA 30625

1201 Fraction Bottoms Rd

Buckhead, GA 30625

  • 109 days on market
    • Price drop $50,000↓
This charming property on Lake Oconee offers the perfect blend of privacy, luxury, and lake living. Located less than ½ mile from Blue Springs Marina, it’s ideal for boating enthusiasts and anyone looking to enjoy the best of "Lake Life." The fully renovated home sits on 6 acres of secluded land and boasts two master bedrooms on the main level, each with expansive walk-in closets, plus an additional guest bedroom. The home features modern touches throughout, including stunning bathrooms, a soaring great room with large windows and a dramatic stone fireplace, and a spacious kitchen with new appliances and countertops. The open floor plan connects the kitchen and family room seamlessly, making it perfect for entertaining. Step outside to a wraparound porch with classic southern blue ceilings and ceiling fans, perfect for relaxing or enjoying the serene surroundings. Recent updates include freshly painted interiors and exteriors, new floors, energy-efficient windows, and a new roof. The professionally landscaped grounds are fenced for privacy with a locking front gate. The property offers plenty of room for gardening, raising animals, or storing recreational vehicles and boats, and the flat lot provides the ideal spot for adding a swimming pool. Conveniently located just an hour east of Atlanta, with easy access to I-20 and only 15 minutes from Madison, one of America's most desirable small towns, offering dining, shopping, parks, and recreational trails. This property is truly a lake lover's dream and a perfect retreat for anyone looking to enjoy the best of nature and modern living.

Details

Property type

Single Family Residence

Est. home value

$409,683

Lot size

6.00 acres

Price per sq ft

Unknown

Year built

2004

Annual property taxes

$2,877

HOA

No

Price History

10/23/2024
FMLS

FMLS #7467343

Price change
$525,000
-8.7%
10/06/2024
FMLS

FMLS #7467343

Listed
$575,000
10/01/2024
FMLS

FMLS #7357444

Removed
$575,000

Schools & Community

Elementary school: 

Morgan County

Middle school: 

Morgan County

High school: 

Morgan County

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

$475,712
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$7,288
Cash to seller
$475,712

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 Mortgage

Loan start date

August 2005

Original loan amount

$133,500

Est. remaining balance

$7,288

Interest rate

5.66%

Loan type

New Conventional, 20 year

Seller

Sam F Cooper

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: 01/23/2025 at 4:05 PM

Listing updated: 01/21/2025 at 10:15 AM

Listed by: Wendy A Nicely, RE/MAX Town and Country Phone #: (770) 928-4966

MLS: FMLS #7467343

FMLS logo

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