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$460,000

Beds
4
Baths
2.5
sq ft
1,616

22 Somerset Ln, Newnan, GA 30263

22 Somerset Ln

Newnan, GA 30263

  • 16 days on market
GREAT NEIGHBORHOOD. THIS 4 BEDROOM AND 2.5 BATHS WITH A DINING ROOM THAT WILL SEAT MANY FAMILY MEMBERS AND FRIENDS. THERE IS A KITCHEN WITH ISLAND PLUS A WALKIN PANTRY. SO MANY KITCHEN CABINETS AND COUNTER SPACE. A BREAKFAST AREA. GREAT ROOM WITH FIREPLACE OPENS TO KITCHEN. HALF BATHROOM ON MAIN LEVEL AND LAUNDRY ROOM. FENCED BACKYARD HAS A COVERED PATIO AREA WITH FIREPLACE AND A PLACE TO PUT A TV OVER THER FIREPLACE, ALSO A OPEN PORCH AREA FOR GRILLING. YOUR PRIMARY BEDROOM HAS SITTING AREA. PRIMARY BATHROOM WITH TILE FLOORS AND GRANITE COUNTERTOPS DOUBLE VANITY. SEPARATE LARGE TUB AND SHOWER. HUGE WALKIN CLOSET. SECONDARY BEDROOMS ARE ALL LARGE AND PLENTY OF CLOSET SPACE. HALL BATH HAS GRANITE COUNTERTOP AND TILE FLOORING. NEW CARPET UPSTAIRS. NEW WATER HEATER. ROOF AND HVAC IS 3 YEARS OLD. HARDWOOD FLOORS ARE ON THE MAIN FLOOR.YOU CAN WALK ACROSS THE STREET TO THE POOL AND CLUBHOUSE. LOCATION LOCATION CLOSE TO SHOPPING,SCHOOLS AND MAJOR HIGHWAYS. LEASE PURCHASE AVAILABLE.

Details

Property type

Single Family Residence

Est. home value

$417,801

Lot size

5,066 sq ft

Price per sq ft

$285

Year built

2016

Annual property taxes

$3,707

HOA fee

$600

Price History

03/19/2025
FMLS

FMLS #7543997

Listed
$460,000
+6.98%
12/01/2022
GeorgiaMLS

GeorgiaMLS #20081026

Sold
$430,000
+46.26%
09/09/2020
FMLS

FMLS #6763269

Sold
$294,000

Schools & Community

Elementary school: 

Newnan Crossing

Middle school: 

Arnall

High school: 

East Coweta

Community features: 

Clubhouse, Park, Playground, Street Lights, Tennis Court(s)

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

$11,639
Asking price
$460,000
Closing costs (~8% of asking)
-$36,800
Est. remaining loan balance
-$411,561
Cash to seller
$11,639

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

Seller’s Loan History

Lender

Homestar Financial

Loan start date

December 2022

Original loan amount

$422,211

Est. remaining balance

$411,561

Interest rate

6.92%

Loan type

FHA, 30 year

Seller

Gregory Isaac Florence and Alison Florence

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?

Status: Active

Tomo last checked: 04/05/2025 at 4:55 PM

Listing updated: 04/04/2025 at 1:10 PM

Listed by: Jane Wix, Atlanta Communities Phone #: (770) 240-2004

MLS: FMLS #7543997

FMLS logo

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