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$587,126Estimated home value

Beds
4
Baths
2.0
sq ft
2,767

138 Cedar Lake Dr, Sparta, GA 31087

138 Cedar Lake Dr

Sparta, GA 31087

  • Sold On 8/26/2023
This is a true waterfront paradise with stunning views and deep water on Lake Sinclair! This 4-bedroom, 2-bathroom home features a sunroom that expands the entire length of the house and an office, making it a perfect place for both work and relaxation. Recent updates include a new front porch, new windows, new Hardy plank siding, new interior and exterior paint, and two new HVAC units. The main floor of the home features a huge master bedroom and an office, with an attached laundry room upstairs. The terrace level contains the secondary bedrooms, a lovely den, and a full bathroom. One of the secondary bedrooms even includes custom built-in cabinetry for additional storage. The property also boasts a newer dock, a new sea wall, and rip-rap, which provides protection against erosion. Sitting on the dock, you can take in the full view of the home, which is tucked back in a cove that quickly opens up into big, deep water. The water on this side of the lake is crystal clear and inviting. Overall, this property is like a gem that shouldn't be missed!

Details

Property type

Single Family Residence

Est. home value

$587,126

Lot size

1.00 acres

Price per sq ft

$194

Year built

1989

Annual property taxes

$1

Price History

11/01/2024
GeorgiaMLS

GeorgiaMLS #20177800

Removed
$595,000
08/30/2024
GeorgiaMLS

GeorgiaMLS #20177800

Removed
$595,000
08/29/2024
GeorgiaMLS

GeorgiaMLS #20177800

Removed
$595,000

Schools & Community

Elementary school: 

M E Lewis

Middle school: 

Hancock Central

High school: 

Hancock Central

Community features: 

Lake

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

-$33,218
Asking price
$535,000
Closing costs (~8% of asking)
-$42,800
Est. remaining loan balance
-$525,418
Cash to seller
-$33,218

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

Seller’s Loan History

Lender

Mortgage Research Center

Loan start date

August 2023

Original loan amount

$531,995

Est. remaining balance

$525,418

Interest rate

6.81%

Loan type

VA, 30 year

Seller

Rachel Holloway and Gary Pruitt

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: Off Market

Tomo last checked: 11/05/2024 at 9:40 AM

Listing updated: 12/01/2023 at 2:32 PM

Listed by: Amanda Cabe, Drake Realty Lake Area, LLC

MLS: GeorgiaMLS #10148530

GeorgiaMLS logo

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