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$2,900,000

Beds
3
Baths
2.5
sq ft
Unknown

157 New Hope Rd, Fayetteville, GA 30214

157 New Hope Rd

Fayetteville, GA 30214

  • 33 days on market
Certainly! Here's a revised version of your description that aims to be clear, friendly, and professional: Exceptional Development Opportunity - 7.3 Acres Behind Fayetteville Pavilion Discover a rare and valuable opportunity with our 7.3-acre parcel, strategically positioned just behind the bustling Fayetteville Pavilion shopping center, renowned for its strong anchor tenants. This level and expansive site, encompassing three individual parcels, offers immense potential for development. Currently zoned as SFF (Single Family Residential), this property presents a unique chance for rezoning to C1 or C2, broadening its commercial possibilities. The dual access points from New Hope and directly behind the movie theatre in the Fayette Pavilion add to its accessibility and appeal. Situated in a prime location, the property neighbors major retail giants such as Kohl's, Dick's Sporting Goods, Walmart, Target, and Home Depot, making it an ideal spot for developers looking to tap into a thriving commercial area. This is more than just a piece of land; it's a gateway to endless possibilities. Don't miss out on what could be the perfect deal for visionary developers. Explore the potential and envision the future at this prime Fayetteville location.

Details

Property type

Single Family Residence

Est. home value

$345,221

Lot size

2.17 acres

Price per sq ft

Unknown

Year built

1964

Annual property taxes

$1,200

HOA

No

Price History

01/22/2025
FMLS

FMLS #7513879

Listed
$2,900,000
+21.34%
09/01/2024
FMLS

FMLS #7326166

Removed
$2,390,000
01/19/2024
FMLS

FMLS #7326166

Listed
$2,390,000
-14.03%

Schools & Community

Elementary school: 

Fayette - Other

Middle school: 

Fayette - Other

High school: 

Fayette - Other

Community features: 

None

Number of units in community: 

1

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

$2,427,239
Asking price
$2,900,000
Closing costs (~8% of asking)
-$232,000
Est. remaining loan balance
-$240,761
Cash to seller
$2,427,239

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

Seller’s Loan History

Lender

First Option Mortgage

Loan start date

February 2021

Original loan amount

$265,109

Est. remaining balance

$240,761

Interest rate

2.67%

Loan type

FHA, 30 year

Seller

Santos F Escobar Henriquez

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?

Similar Homes Nearby

FMLS
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House

245 Roycroft Ln, Fayetteville, GA 30214

Status: Active

Tomo last checked: 02/23/2025 at 7:40 PM

Listing updated: 01/26/2025 at 6:05 AM

Listed by: Mateo Castano, HomeSmart Phone #: (404) 876-4901

MLS: FMLS #7513879

FMLS logo

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