tomo logo

$4,395,000

Beds
7
Baths
5.5
sq ft
7,632

2585 Gelding Ct NE, Marietta, GA 30062

2585 Gelding Ct NE

Marietta, GA 30062

  • 190 days on market
Back on market due to no fault of seller. Unapologetic opulence and modern sophistication meet Old World Charm nestled on a sprawling 11.759 acre canvas (with potential to add additional acreage). This one-of-a-kind property offers a 7-figure stunning renovation, is priced below replacement cost and will please the most discerning buyer! Meticulously designed to indulge with discriminating attention to detail, this property is a harmonious blend of luxury living and equestrian amenities, all perfectly situated in this coveted E. Cobb location. No longer do you have to commute to get acreage of this magnitude. If you like "cookie cutter" homes that don't provide optimal space, expansive acreage, and impeccable finishes, then don't look here, this is not the home for you. If you like abundant curated spaces, unexpected seclusion and security, unlimited potential and possibilities, and great deals, then this is the home for you. This captivating renovation was done with the understanding that architecture and finishes must integrate with light and Zen-like landscaping to create a compound-inspired masterpiece. While there isn't enough space here to list every renovation that was done, there isn't a single portion of this home from the roof to the windows, to the floors and everything else in-between that hasn't been renovated on some level. If you are a horse lover, enjoy on-site 220' x 125' irrigated arena with all-weather footing and sound system; 5 paddocks; 8-stall "show" barn complete with 2 wash racks, tack room, feed room, hay storage, charming pub, office and barn apartment with kitchenette and bath (not included in bedroom count) and plenty of space for trailer/equipment. If horses aren't your thing, enjoy endless possibilities by converting the barn into a separate house for multigenerational living; event venue; recreation retreat; warehouse; storage for the car or toy collector in you or whatever your heart desires. The property ZONED R20 can also be subdivided for even more possibilities (SEE LAND LISTING 7389510)! Other enviable and rare features include dramatic field stone exterior walls; reclaimed VT slate roof; carriage house apartment complete with kitchenette and full bathroom perfect for a guest retreat or Au pair suite; 5 fully restored and working fireplaces; brand new sauna to soak away the end of your day; saltwater pool for those balmy summer nights and over 3,300 square feet of outdoor entertaining areas drenched in the sounds of nature. This unique property isn't a home, it's a lifestyle, that is chosen by only a select few that command the best in luxury living. Located in top-tier E. Cobb schools, 9 miles to Braves stadium, near shopping, dining, entertainment and more, yet offering a sense of freedom and unparalleled privacy, security and seclusion from the bustle of city life without sacrificing location. You just can't find this much acreage anywhere near this location. Brand NEW designer furniture may be negotiatiable. You must experience this in person, but until then see the epic preview via YouTube and look up: "The Manor at Pen Oak by Winter Baserva"

Details

Property type

Single Family Residence

Est. home value

$3,099,227

Lot size

11.76 acres

Price per sq ft

$576

Year built

1986

Annual property taxes

$30,919

HOA

No

Price History

09/30/2024
FMLS

FMLS #7385646

Listed
$4,395,000
07/02/2024
FMLS

FMLS #7385646

Pending
$4,395,000
05/13/2024
FMLS

FMLS #7385646

Listed
$4,395,000
+72.35%

Schools & Community

Elementary school: 

Mountain View - Cobb

Middle school: 

Simpson

High school: 

Sprayberry

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

$2,271,261
Asking price
$4,395,000
Closing costs (~8% of asking)
-$351,600
Est. remaining loan balance
-$1,772,139
Cash to seller
$2,271,261

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

May 2022

Original loan amount

$2,040,000

Est. remaining balance

$1,772,139

Interest rate

3.63%

Loan type

New Conventional, 15 year

Seller

Timothy Dorr

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: 11/19/2024 at 6:25 AM

Listing updated: 11/11/2024 at 9:08 PM

Listed by: Winter Baserva, Atlanta Communities Phone #: (770) 637-5070

MLS: FMLS #7385646

FMLS logo

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