tomo logo

$450,000

Beds
4
Baths
1.0
sq ft
2,338

1691 Oak Rd, Snellville, GA 30078

1691 Oak Rd

Snellville, GA 30078

  • 136 days on market
    • Price drop $40,000↓
$50,000 price improvement! Bring you best offer. Prime Commercial Potential Property in Snellville's Best School District! Address: 1691 Oak Road, Snellville, GA Property Type: Residential/Commercial Potential Lot Size: 1.5 acres (3.3 acres combined with adjacent property) Price: $999,000 (individually) or $800,000 (combined with 2871 Mountain View Rd) Discover an incredible investment opportunity in Snellville's sought-after Brookwood school district, known for being the best school in Gwinnett County. This unique property offers commercial potential on a busy corner lot, making it an ideal location for future development. Key Features: Ideal Location: Situated on a bustling corner lot on Oak Road, this 1.5-acre property offers high visibility and easy access, perfect for a future gas station or other commercial ventures. It is surrounded by ER Snell Heavy Contractor, Kingdom Hall, and a Christian church, ensuring a steady flow of traffic and business opportunities. Charming A-Frame Home: The existing house features an A-frame design with the master bedroom on the main level, two bedrooms on the upper level, and an additional bedroom and bathroom on the lower level. This versatile layout can be used for residential purposes or adapted for commercial use. Expansion Potential: This property can be assembled with 2871 Mountain View Rd, adding an additional 1.8 acres of flat land, for a total of 3.3 acres. The combined properties offer even greater potential for large-scale commercial development. Flexible Purchase Options: Buyers have the option to purchase 1691 Oak Road individually for $999,000 or together with 2871 Mountain View Rd for a combined price of $800,000. This flexibility allows for tailored investment strategies to suit your needs. Top-Rated School District: Located in the prestigious Brookwood school district, this property not only offers commercial potential but also resides in a highly desirable residential area, ensuring long-term value and appeal. Don’t miss this rare opportunity to invest in a prime location with endless possibilities. Whether you're looking to develop a commercial enterprise or secure a valuable property in a top-rated school district, 1691 Oak Road is the perfect choice.

Details

Property type

Single Family Residence

Est. home value

$326,913

Lot size

1.50 acres

Price per sq ft

$193

Year built

1977

Annual property taxes

$3,412

Price History

08/02/2024
FMLS

FMLS #7418081

Price change
$450,000
-8.16%
07/09/2024
FMLS

FMLS #7418081

Listed
$490,000

Schools & Community

Elementary school: 

Brookwood - Gwinnett

Middle school: 

Crews

High school: 

Brookwood

Community features: 

None

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

Metro City Bank

Loan start date

September 2021

Original loan amount

$130,000

Est. remaining balance

Not provided

Interest rate

4.62%

Loan type

New Conventional, 30 year

Seller

Quang Le Tung

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

Price drop
GeorgiaMLS
$515,000
4 bd
|
2.5 ba
|
2,076 sq ft
|
House

1326 Larkview Dr SW, Lilburn, GA 30047

Price drop
FMLS
$394,900
4 bd
|
2.5 ba
|
House

1712 Driftwood Pl, Snellville, GA 30078

Price drop
FMLS
$464,900
4 bd
|
3 ba
|
1,964 sq ft
|
House

2209 Cedar Place Ct, Snellville, GA 30078

Status: Active

Tomo last checked: 11/22/2024 at 11:40 AM

Listing updated: 08/16/2024 at 11:38 PM

Listed by: Tung Le, NDI Maxim Residential Phone #: (770) 638-0247

MLS: FMLS #7418081

FMLS logo

Recently listed in Snellville

$575,000|4 bd|3.5 ba|House
$307,000|3 bd|2.0 ba|House
$350,000|4 bd|2.0 ba|House
$310,000|3 bd|2.0 ba|House
$275,000|3 bd|2.0 ba|House
$345,000|3 bd|2.5 ba|House