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$249,900

Beds
3
Baths
2.5
sq ft
Unknown

318 Tennessee St, Fairmount, GA 30139

318 Tennessee St

Fairmount, GA 30139

  • 36 days on market
Create your own EQUITY!! LOOKING for that LARGE FENCED BACKYARD, NO HOAs, RANCH over FULL BASEMENT, easy access to I-75, small-town living, watch your money grow with your creative design updates over time. Located on a residential side street walking distance to downtown square, the home features a large level fenced backyard, dotted with pecan and fruit trees, with a separate (secondary) drive around gated entrance from street that leads to walkout basement/garage. The main entrance is street level parking and walk-in, with a charming country portico porch. Metal roof, barn-red lap siding, and mature shade trees add to the curb appeal. Interior vibe is "This Old House" 1950's charm, with original flooring, moldings and built-in corner cabinetry. Entrance foyer leads to large dining room off kitchen, large kitchen leading to a family room with its own private entrance. Primary bedroom features a large en-suite bathroom, and two additional bedrooms share the secondary full bath on main level. Basement is an unfinished blank slate, utilize for additional storage or finish out, as it has plumbing for full bath (currently 1/2 bath). Property will need a new central HVAC if so desired (currently cooled by individual window units) and this is reflected in offer price. Property being sold 'As-is" and is owner-occupied. Ideal for DYI buyers to build instant equity, as a FLIP, or as an investment property due to growth in this area.

Details

Property type

Single Family Residence

Est. home value

$136,369

Lot size

0.82 acres

Price per sq ft

Unknown

Year built

1953

Annual property taxes

$820

HOA

No

Price History

09/29/2024
FMLS

FMLS #7463204

Listed
$249,900
-0.04%
09/24/2024
FMLS

FMLS #7428277

Removed
$249,999
08/08/2024
FMLS

FMLS #7428277

Listed
$249,999
+557.89%

Schools & Community

Elementary school: 

Fairmount

Middle school: 

Red Bud

High school: 

Sonoraville

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

$166,080
Asking price
$249,900
Closing costs (~8% of asking)
-$19,992
Est. remaining loan balance
-$63,828
Cash to seller
$166,080

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

Seller’s Loan History

Lender

Family Savings Credit Union

Loan start date

August 2020

Original loan amount

$76,000

Est. remaining balance

$63,828

Interest rate

3.13%

Loan type

New Conventional, 20 year

Seller

Gary R Yeager and Irene Lowe

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: 11/05/2024 at 4:15 PM

Listing updated: 10/10/2024 at 11:35 AM

Listed by: Cheryl Melis, Better Homes GA Properties , LLC. Phone #: (404) 242-0083

MLS: FMLS #7463204

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