tomo logo

$1,300,000

Beds
5
Baths
6.5
sq ft
5,000

1240 Spalding Dr, Atlanta, GA 30350

1240 Spalding Dr

Sandy Springs, GA 30350

  • 89 days on market
    • Price drop $25,000↓
INSTANT EQUITY - 125K BELOW APPRAISAL!!! Discover luxury living in this stunning new construction modern farmhouse, offering five bedrooms, three full bathrooms, and three half-bathrooms across an impressive 5,000 foot home. Situated on a 1.13-acre lot, this home is thoughtfully designed with top-end finishes, luxury appliances, and large windows that flood every room with natural light. Highlights include a gourmet kitchen with a massive ten-foot island, walk-in pantry, and a wine closet storage system. The living room features a breathtaking 15-foot sliding door, seamlessly connecting indoor and outdoor spaces. The master suite boasts a private nine-foot sliding door that opens onto the expansive rear deck. The master bedroom also includes spacious his-and-her closets, customizable to the buyer's specifications with a builder-provided allowance. Upstairs, you'll find a versatile media room, perfect for family movie nights or as an additional entertainment space. Additional features include a finished basement, a spacious laundry room, and a 1,200-square-foot rear deck, perfect for entertaining. A charming covered front porch adds to the home's curb appeal. This home is pre-wired for a theater, sound, video, and an in-house sound system, making it perfect for modern lifestyles. Located near Interstate 400 and 285, it's just minutes from shopping malls, dining, and top-rated amenities. With a two-car garage and set in a sought-after neighborhood. Back on Market - Buyer Default

Details

Property type

Single Family Residence

Est. home value

$534,951

Property condition

New Construction

Lot size

1.30 acres

Price per sq ft

$260

Year built

2024

Annual property taxes

$1,605

HOA

No

Price History

03/24/2025
FMLS

FMLS #7503594

Price change
$1,300,000
-1.89%
02/20/2025
FMLS

FMLS #7503594

Price change
$1,325,000
-5.36%
02/03/2025
FMLS

FMLS #7503594

Removed
$1,400,000

Schools & Community

Elementary school: 

Woodland - Fulton

Middle school: 

Sandy Springs

High school: 

North Springs

Community features: 

Park, Playground, Street Lights

Seller’s Loan History

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

Lender

Groundfloor Credit 1

Loan start date

September 2023

Original loan amount

$695,830

Est. remaining balance

$0

Interest rate

6.9%

Loan type

New Conventional, 0 year

Seller

Nfinite Solutions Consulting & Developme

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: 04/03/2025 at 4:35 PM

Listing updated: 03/30/2025 at 2:10 PM

Listed by: Meko Fountain, Compass Phone #: (404) 668-6621

MLS: FMLS #7503594

FMLS logo

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