tomo logo

$1,200,000

Beds
5
Baths
4.0
sq ft
3,900

3208 Winterberry Ln, Gainesville, GA 30501

3208 Winterberry Ln

Gainesville, GA 30501

  • 111 days on market
Own your own slice of heaven on Lake Lanier while also generating income. This gorgeous, updated (new roof, new HVAC, new appliances) log cabin is nestled on a nearly one-acre lake lot with deep water and newer double slip dock with party deck. Don’t miss out on this amazing opportunity to own on the lake and let others help pay for it. This property is being offered fully furnished and is perfect for your family’s private lake home and/or take advantage of having a turnkey short-term rental currently generating over $90k a year in gross rental income off only @ 150 nights of rentals per year. Current owners and their family use the property the rest of the year. Main level features 2 bedrooms and 2 full baths, fireside family room with soaring stone fireplace, updated, gourmet, eat-in kitchen, a bar/entertainment area and access to a huge deck with lake views. The upper level features a loft / game room area, private owners closet and a luxurious master suite with spa bath, huge walk-in closet and private balcony with fantastic lake views. The stunning finished terrace level includes a full kitchen, 2 additional bedrooms, large full bath, family room / entertainment area and access to a third large deck with walk out access to the golf cart parking and your paved path to the dock. Separate access for basement allows this property to be perfect for your guests, multi-families or rental desires. Enjoy your golf cart ride down the paved walkway and get ready for your day on the boat or enjoy the sun from your newer, updated 32x32, double slip dock with huge party deck located in quiet, deep-water cove. Recent Updates: New extended septic- 2022, Remodeled main floor bath- 2022, Remodeled kitchen (appliances, counters, paint cabinets, etc.)- 2022, Replaced both HVAC systems- 2022, New roof- 2023, Repaired & stained dock- 2023, Sealed & stained entire home- 2024, Repaired & stained all decks- 2024, Painted interior ceiling- 2024, Installed new stairs on dock- 2024,New outdoor & indoor lighting fixtures & fans- 2024

Details

Property type

Single Family Residence

Est. home value

$900,887

Lot size

0.99 acres

Price per sq ft

$308

Year built

2000

Annual property taxes

$5,685

Price History

08/09/2024
FMLS

FMLS #7432896

Listed
$1,200,000
+38.73%
07/06/2022
FMLS

FMLS #7046333

Sold
$865,000
+118.99%
04/23/2015
FMLS

FMLS #5382327

Sold
$395,000

Schools & Community

Elementary school: 

Hall - Other

Middle school: 

East Hall

High school: 

East Hall

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

$435,589
Asking price
$1,200,000
Closing costs (~8% of asking)
-$96,000
Est. remaining loan balance
-$668,411
Cash to seller
$435,589

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

Seller’s Loan History

Lender

Investor Mortgage Finance

Loan start date

July 2022

Original loan amount

$692,000

Est. remaining balance

$668,411

Interest rate

5.25%

Loan type

New Conventional, 30 year

Seller

Hideaway Property Grp 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: Active

Tomo last checked: 11/25/2024 at 10:10 AM

Listing updated: 09/09/2024 at 3:06 PM

Listed by: John H Heath, Keller Williams Realty Community Partners Phone #: (678) 341-7400

MLS: FMLS #7432896

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