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$240,000

Beds
3
Baths
2.0
sq ft
1,634

229 Homer Rd, Commerce, GA 30529

229 Homer Rd

Commerce, GA 30529

  • 11 days on market
HUD Case # 106-457448 Equal opportunity homeowner. 1.5 Story ranch style home located on a residential/commercial lot. 3 bedrooms on the main and a fished bonus room upstairs. This home may qualify for the HUD $100 Down payment FHA Qualified Owner Occupant program. This property is being sold in as-is, where-is condition with no seller disclosure. To check on the status fs this program go to www. HUDhomestore.gov for more information.

Details

Property type

Single Family Residence

Est. home value

$291,645

Lot size

4,356 sq ft

Price per sq ft

$147

Year built

1970

Annual property taxes

$1,153.53

Price History

06/25/2024
GeorgiaMLS

GeorgiaMLS #10326378

Listed
$240,000
-11.46%
05/01/2024
GeorgiaMLS

GeorgiaMLS #20172250

Removed
$271,060
03/11/2024
GeorgiaMLS

GeorgiaMLS #20172250

Listed
$271,060

Schools & Community

Elementary school: 

Commerce Primary/Elementary

Middle school: 

Commerce

High school: 

Commerce

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

-$24,246
Asking price
$240,000
Closing costs (~8% of asking)
-$19,200
Est. remaining loan balance
-$245,046
Cash to seller
-$24,246

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

Seller’s Loan History

Lender

Amerifirst Financial

Loan start date

October 2022

Original loan amount

$250,381

Est. remaining balance

$245,046

Interest rate

5.89%

Loan type

FHA, 30 year

Seller

Charles S Johnston and Karen Lorelle Campbell

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: 07/06/2024 at 3:35 AM

Listing updated: 07/03/2024 at 7:53 AM

Listed by: Lynne Zwak, Jerald Zwak Gemstone Realty

MLS: GeorgiaMLS #10326378

GeorgiaMLS logo

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