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$550,000

Beds
3
Baths
3.0
sq ft
2,775

1841 Beaver Dam Ln NE, Marietta, GA 30062

1841 Beaver Dam Ln NE

Marietta, GA 30062

  • 29 days on market
    • Price drop $25,000↓
Actually 5 bedrooms but can't legally be called that because the 2 basement bedrooms do not have windows. Amazing and unique home in East Cobb. Everyday come home to a peaceful/nature environment, which is so difficult to find in this area. Very little through traffic. Fire pit in backyard. Will not last long. This property was a short term rental from Feb. 1st to August 30th 2021 and the gross revenue for that time was $63,361 or $9,051/month on average (here is the link with the AirBnB and VRBO revenue spreadsheets: https://drive.google.com/drive/folders/1MnSDA1x6soUIf9p5s2FM8Drr11LhSBKK?usp=sharing). It was the #8 grossing AirBnB property in Marietta, during that time, out of 600 listings during. $200,000 of upgrades and renovations over the last decade. Roof in excellent shape. Basement home theater with surround sound. 2020 - Nest smart home with 6 cameras outside the home. 2020 - Painted the entire interior 2020 - Kitchenette (w/refrigerator, microwave, and sink) added in basement. 2020 - Added railing and pickets to lower patio 2021 - Painter all of the outside of the house with Rain Refresh from SW. 2021 - Basketball sport court (30 x 30). 2021 - High quality 7' navy blue felt slate pool table with Belgium balls. 2021 - stainless steel microwave installed above the stove. 2023 - New HVAC 2024 - New 50 gallon hot water heater 2024 - New Stainless steel gas stove/oven combo 2024 - TV Mount added for 75" 4K TV in basement theater. Optional: purchase fully furnished. Seller's disclosure: https://drive.google.com/drive/folders/1Bq1MgjRVDdIgS3ZLUBXYyol5CjGkYUu8?usp=sharing

Details

Property type

Single Family Residence

Est. home value

$528,566

Property condition

Updated/Remodeled

Lot size

0.76 acres

Price per sq ft

$199

Year built

1973

Annual property taxes

$5,412

Price History

06/07/2024
FMLS

FMLS #7384767

Price change
$550,000
-4.35%
05/31/2024
FMLS

FMLS #7384767

Listed
$575,000
+40.67%
10/01/2020
FMLS

FMLS #6778619

Sold
$408,750
+90.12%

Schools & Community

Elementary school: 

Murdock

Middle school: 

Dodgen

High school: 

Pope

Tracey, Home Search Advisor
Tracey
Home Search Advisor

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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

$162,294
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$343,706
Cash to seller
$162,294

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

Seller’s Loan History

Lender

Credit Union One

Loan start date

August 2022

Original loan amount

$352,500

Est. remaining balance

$343,706

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Jerry Frank

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: Active

Tomo last checked: 06/13/2024 at 2:35 PM

Listing updated: 06/12/2024 at 1:06 PM

Listed by: Myra Cloud, Rock River Realty, LLC. Phone #: (678) 956-7625

MLS: FMLS #7384767

FMLS logo

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