tomo logo

$359,000

Beds
2
Baths
2.0
sq ft
1,166

1704 Frederica Rd Unit 428, Saint Simons Island, GA 31522

1704 Frederica Rd Unit 428

St. Simons, GA 31522

  • 129 days on market
    • Price drop $10,000↓
On August 15th, a tenant is moving into this charming 2 BR/2 BA condo on one level, ideally situated in the heart of mid-south Island. Stroll or bike to nearby shops, dining spots, and local churches. Enjoy an open kitchen with a breakfast bar and pantry. Nestled on the second floor, this unit is close to the pool and clubhouse. Barnes Plantation, a gated community, is lushly landscaped and professionally managed. Amenities include a heated swimming pool, a community clubhouse with a full fitness center, and a business center, all designed to complement the coastal island lifestyle.

Details

Property type

Condominium

Est. home value

$372,016

Lot size

Unknown

Price per sq ft

$308

Year built

1999

Annual property taxes

$3,581.28

Monthly HOA fee

$304

Price History

07/19/2024
GeorgiaMLS

GeorgiaMLS #10331121

Price change
$359,000
-2.71%
07/02/2024
GeorgiaMLS

GeorgiaMLS #10331121

Listed
$369,000

Schools & Community

Elementary school: 

Oglethorpe Point

Middle school: 

Glynn

High school: 

Glynn Academy

Community features: 

Clubhouse, Fitness Center, Gated, Pool

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

$269,614
Asking price
$359,000
Closing costs (~8% of asking)
-$28,720
Est. remaining loan balance
-$60,666
Cash to seller
$269,614

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

Seller’s Loan History

Lender

Silverton Mortgage Specialists

Loan start date

June 2013

Original loan amount

$82,500

Est. remaining balance

$60,666

Interest rate

3.42%

Loan type

New Conventional, 30 year

Seller

David R Olson and Joanne M Olson

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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1512 Plantation Point Dr, Saint Simons Island, GA 31522

Status: Active

Tomo last checked: 11/08/2024 at 4:25 AM

Listing updated: 09/04/2024 at 3:21 PM

Listed by: Joe Wills, BHHS Hodnett Cooper RE

MLS: GeorgiaMLS #10331121

GeorgiaMLS logo

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