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$885,816Estimated home value

Beds
5
Baths
5.0
sq ft
4,089

309 Island Cove Dr, Newnan, GA 30263

309 Island Cove Dr

Newnan, GA 30263

  • Sold On 7/14/2022
MULTIPLE OFFERS HAVE BEEN RECEIVED, SELLERS REQUEST ALL OFFERS BE SUBMITTED BY 5:00 PM JULY 4TH - Luxury brick home situated on 1.6 acres in sought after Lake Redwine. Features: Inground swimming pool, pool house w/bath and kitchen, stocked pond, gleaming hardwoods floor throughout home, dual staircase, formal living & dining rooms, great room w/fireplace & custom built-ins, renovated gourmet kitchen w/large island and breakfast room w/custom built in cabinets, wet bar off kitchen/dining room, guest suite on main level w/in-suite bath, master bedroom retreat on second story features soaring ceiling, his & her closets, renovated spa like bath is 2-die-4, secondary bedroom w/ in-suite bath and two additional bedrooms share jack-n-jill bath, renovated laundry room will leave you wanting to wash clothes. Crawlspace encapsulation. This home has so much to offer and is a true MUST SEE!

Details

Property type

Single Family Residence

Est. home value

$885,816

Property condition

Updated/Remodeled

Lot size

1.60 acres

Price per sq ft

$202

Year built

1996

Annual property taxes

$5,897.62

HOA

Yes

Price History

03/20/2025
GeorgiaMLS

GeorgiaMLS #10453728

Removed
$1,049,000
02/05/2025
GeorgiaMLS

GeorgiaMLS #10453728

Listed
$1,049,000
+25.25%
07/13/2022
GeorgiaMLS

GeorgiaMLS #20054393

Sold
$837,500
+58.32%

Schools & Community

Elementary school: 

Brooks

Middle school: 

Madras

High school: 

Newnan

Community features: 

Clubhouse, Lake, 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

$115,500
Asking price
$825,000
Closing costs (~8% of asking)
-$66,000
Est. remaining loan balance
-$643,500
Cash to seller
$115,500

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

Seller’s Loan History

Lender

City National Bank

Loan start date

October 2022

Original loan amount

$664,000

Est. remaining balance

$643,500

Interest rate

6.02%

Loan type

New Conventional, 30 year

Seller

Island 309 Cove Llc

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: Off Market

Tomo last checked: 04/03/2025 at 1:00 AM

Listing updated: 03/12/2025 at 1:49 PM

Listed by: Barbara A. DePoi, Keller Williams Realty Atl. Partners

MLS: GeorgiaMLS #20054393

GeorgiaMLS logo

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