tomo logo

$499,000

Beds
5
Baths
4.0
sq ft
3,202

3050 Centerglen Ln, Cumming, GA 30040

3050 Centerglen Ln

Cumming, GA 30040

  • 41 days on market
    • Price drop $15,000↓
Great Location. Mins from Alliance Academy. Large home ready for your family with 5 bedrooms, 4 bathrooms, 2 Bonus Rooms!! Rocking chair front porch. Kitchen features a breakfast area, plenty of cabinet space and open to family room with cozy fireplace. There is a separate living room as well as a dining room. Guest bedroom with a full bath. The larger master bedroom is upstairs with a walk-in closet and features a garden tub & separate shower in the bathroom. Private fenced backyard with lovely patio area. Neighborhood amenities include swimming pools, tennis and basketball courts, playground and more. Minutes to shopping centers, GA-400, and Central Park. Could be used as a Rental Investment Property as there are no rental restrictions or Fix and Flip.

Details

Property type

Single Family Residence

Est. home value

$487,510

Lot size

5,227 sq ft

Price per sq ft

$156

Year built

2006

Annual property taxes

$4,581

Monthly HOA fee

$100

Price History

01/13/2025
FMLS

FMLS #7496637

Price change
$499,000
-2.92%
01/04/2025
FMLS

FMLS #7496637

Price change
$514,000
-0.19%
12/29/2024
FMLS

FMLS #7496637

Price change
$515,000
-0.96%

Schools & Community

Elementary school: 

Cumming

Middle school: 

Otwell

High school: 

Forsyth Central

Community features: 

Playground, Pool, Sidewalks, 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

$171,566
Asking price
$499,000
Closing costs (~8% of asking)
-$39,920
Est. remaining loan balance
-$287,514
Cash to seller
$171,566

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

Seller’s Loan History

Lender

Paramount Residential Mortgage Group

Loan start date

May 2022

Original loan amount

$300,000

Est. remaining balance

$287,514

Interest rate

4.72%

Loan type

New Conventional, 30 year

Seller

Venkatram Kanala and Padmaja Kanala

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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Price drop
FMLS
$549,900
5 bd
|
3 ba
|
3,190 sq ft
|
House

1905 Millers Path, Cumming, GA 30041

Status: Active

Tomo last checked: 01/22/2025 at 11:45 AM

Listing updated: 01/13/2025 at 10:25 AM

Listed by: Vijayendar Garlapati, GVR Realty, LLC. Phone #: (678) 528-1806

MLS: FMLS #7496637

FMLS logo

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