tomo logo

$505,000

Beds
5
Baths
3.0
sq ft
Unknown

2585 Reece Farms Trl SW, Powder Springs, GA 30127

2585 Reece Farms Trl SW

Powder Springs, GA 30127

  • Pending
Welcome to this bright Craftsman-style home, a blend of classic charm and modern design. With 5 spacious bedrooms and 3 full baths, this open-concept home offers an ideal layout for families and entertainers alike. The main floor boasts a bright, airy living area with hardwood floors, two story entry, and a cozy stone fireplace. The open kitchen, featuring wood toned cabinetry, quartz countertops, a large island, and stainless steel appliances, flows seamlessly into a sunny breakfast area. A bedroom and bath are also on this level, perfect for guests. Upstairs, the spacious primary bedroom with attached bath and three additional bedrooms and a full bath provide ample space and flexibility. The large unfinished basement is ready for you to create your dream space. The back deck is ideal for outdoor entertaining. A true Craftsman gem that combines elegance, comfort, and functionality!

Details

Property type

Single Family Residence

Est. home value

$503,138

Lot size

0.50 acres

Price per sq ft

Unknown

Year built

2013

Annual property taxes

$5,559

Monthly HOA fee

$33.33

Price History

11/18/2024
FMLS

FMLS #7482392

Pending
$505,000
11/11/2024
FMLS

FMLS #7482392

Listed
$505,000
+57.81%
04/24/2018
FMLS

FMLS #5962030

Sold
$320,000
+12.32%

Schools & Community

Elementary school: 

Dowell

Middle school: 

Tapp

High school: 

McEachern

Community features: 

Street Lights

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

$183,105
Asking price
$505,000
Closing costs (~8% of asking)
-$40,400
Est. remaining loan balance
-$281,495
Cash to seller
$183,105

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

Seller’s Loan History

Lender

Freedom Mortgage Corp

Loan start date

July 2020

Original loan amount

$312,084

Est. remaining balance

$281,495

Interest rate

3.15%

Loan type

FHA, 29 year

Seller

Reginald K Robinson Ii and Ashley Monique Robinson

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: Pending/Under Contract

Tomo last checked: 11/19/2024 at 8:20 AM

Listing updated: 11/18/2024 at 10:00 AM

Listed by: Josie Brockman, Coldwell Banker Realty Phone #: (404) 252-4908

MLS: FMLS #7482392

FMLS logo

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