tomo logo

$525,000

Beds
3
Baths
2.0
sq ft
Unknown

1201 Fraction Bottoms Rd, Buckhead, GA 30625

1201 Fraction Bottoms Rd

Buckhead, GA 30625

  • 29 days on market
    • Price drop $50,000↓
Bring your boat and all your lake toys. Located less than ½ mile from Blue Springs Marina on Lake Oconee. Lake Life at its finest. This beautifully renovated home is situated on 6 private acres. Two master bedrooms on main level with huge walk in closets. Additional guest bedroom on main level. Completely renovated and stunning bathrooms. The great room offers soaring ceilings with an over abundance of windows. Open floorplan and a soaring stone fireplace with a TV insert. Large kitchen with all new appliances. New countertop. Breakfast bar is open to the family room. Walk out to your wrap around porch with southern style blue ceilings and ceiling fans. The interior and exterior of the home has been freshly painted. New floors throughout. All new energy efficient windows. New Roof. Professionally landscaped. Privately fenced with a locking front gate. Plenty of land to plant your garden, raise your chickens, store your boat, and live your best life!! This beautiful level lot is perfect for a swimming pool!! 1 hour east of Atlanta. 10 minutes to I-20. 15 minutes to the city of Madison, named one of Americas most sought after small towns. Madison offers fine dining, shopping, concerts and festivals on the square, Parks and bicycle and walking trails.

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

$473,933
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$9,067
Cash to seller
$473,933

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

$9,067

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: 11/05/2024 at 10:30 AM

Listing updated: 10/23/2024 at 10:00 AM

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

MLS: FMLS #7467343

FMLS logo

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