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$529,900

Beds
3
Baths
3.5
sq ft
3,626

1525 Lake Forest Ln, Mcdonough, GA 30253

1525 Lake Forest Ln

McDonough, GA 30253

  • <1 day on market
Don't miss your chance to own this immaculate, brick ranch with a partially finished basement overlooking the lake. Located in sought after Lakehaven subdivision and the Union Grove School District. This well-maintained home features a split bedroom plan and includes a private primary suite with trey ceiling and a spa-style bathroom with double vanities, a frameless shower with a relaxing full body massaging spray, an elegant round soaking tub, and a walk-in closet with built-ins. The spacious kitchen features plenty of cabinet and countertop space and stainless appliances including a double oven. Enjoy relaxing in the family room with fireplace and built-ins or step into the tiled sunroom and soak up the afternoon sun. This home also offers a large formal dining room and a laundry room with cabinets and a sink. The partial finished basement has a full bath and finished game/rec room. As a bonus for the buyers, the sellers are willing to leave the pool table and treadmill. The remaining unfinished area has many possibilities if you need additional space. The newly replaced multi-level deck offers great views of the private backyard and lake. Although you won't see it now, the yard comes to life in the spring and summer with an abundance of colorful trees and plants. The reservoir allows canoes, kayaks, and boats with electric motors and the community offers 2 swimming pools, bath houses, a grilling area, and tennis courts. Ask how you can receive up to $1500 credit by using one of our preferred lenders. Exclusions may apply.

Details

Property type

Single Family Residence

Est. home value

$520,455

Lot size

1.00 acres

Price per sq ft

$147

Year built

2000

Annual property taxes

$7,854

Monthly HOA fee

$35.42

Price History

01/10/2025
GeorgiaMLS

GeorgiaMLS #10431534

Listed
$529,900
+55.85%
12/31/2018
FMLS

FMLS #6078402

Sold
$340,000

Schools & Community

Elementary school: 

East Lake

Middle school: 

Union Grove

High school: 

Union Grove

Community features: 

Lake, Pool, 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

$438,078
Asking price
$529,900
Closing costs (~8% of asking)
-$42,392
Est. remaining loan balance
-$49,430
Cash to seller
$438,078

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

Seller’s Loan History

Lender

Bank Of America

Loan start date

October 2023

Original loan amount

$50,000

Est. remaining balance

$49,430

Interest rate

7.23%

Loan type

New Conventional, 30 year

Seller

Roland Morrisette and Jocelyn Morrisette

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?

Status: Active

Tomo last checked: 01/10/2025 at 5:00 PM

Listing updated: 01/10/2025 at 10:37 AM

Listed by: Sherry D. Puckett, Watkins Real Estate Associates

MLS: GeorgiaMLS #10431534

GeorgiaMLS logo

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