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$1,000,000

Beds
4
Baths
3.0
sq ft
Unknown

2005 Old Lost Mountain Rd, Powder Springs, GA 30127

2005 Old Lost Mountain Rd

Powder Springs, GA 30127

  • 71 days on market
Welcome to your own private oasis! This custom-built home is situated on 3.5 acres of land, offering a tranquil escape from the hustle and bustle of everyday life. As you enter the property, you'll immediately notice the 30 feet deep tree buffer along the entire right side, providing ultimate privacy. This special property feels like it's far removed from the world, yet it's just a few miles away from shopping, entertainment, and major interstates. The home features four bedrooms, three full bathrooms, and a multipurpose room with its own outside access. In addition to the main house, there are two separate outbuildings on the property. The two-car garage boasts a beautifully finished efficiency apartment above it, complete with a kitchenette, full bathroom, fireplace, and private deck. The barn has been converted into a workout space with storage on the upper level, and there's a covered area attached for additional storage. Outdoor living is at its finest with a stunning stone and pebble tech heated salt-water pool, hot tub, and outdoor entertaining space. The space includes an icemaker, grill cooktop, outdoor space heater, and a television - perfect for hosting gatherings with friends and family. Enjoy music, movies, or sports events poolside with the sonos outdoor entertainment system. Other features of the property include a covered area for an RV with electricity hookups, EV charging, a ring camera pro system, clothes washer and dryer, kitchen refrigerator with wi-fi, irrigation system, and more. Don't miss out on this incredible opportunity to own a truly unique and special property!

Details

Property type

Single Family Residence

Est. home value

$838,594

Lot size

3.50 acres

Price per sq ft

Unknown

Year built

1999

Annual property taxes

$11,011

HOA

No

Price History

09/12/2024
FMLS

FMLS #7454024

Listed
$1,000,000
+16.28%
07/11/2022
FMLS

FMLS #7055180

Sold
$860,000

Schools & Community

Elementary school: 

Varner

Middle school: 

Tapp

High school: 

McEachern

Community features: 

None

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

$89,316
Asking price
$1,000,000
Closing costs (~8% of asking)
-$80,000
Est. remaining loan balance
-$830,684
Cash to seller
$89,316

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

Seller’s Loan History

Lender

Guaranteed Rate Affinity Llc

Loan start date

July 2022

Original loan amount

$860,000

Est. remaining balance

$830,684

Interest rate

5.25%

Loan type

VA, 30 year

Seller

Ralph Turner and Meehwa Ann Turner

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: 11/22/2024 at 4:20 PM

Listing updated: 10/27/2024 at 4:10 PM

Listed by: Amy Knight, Atlanta Communities Phone #: (770) 240-2001

MLS: FMLS #7454024

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