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$2,685,000

Beds
10
Baths
9.0
sq ft
Unknown

3898 Ridge Rd, Buford, GA 30519

3898 Ridge Rd

Buford, GA 30519

  • 125 days on market
    • Price drop $215,000↓
Stunning AND Unique Estate Home in Buford – A Rare Opportunity! Welcome to a one-of-a-kind estate in the heart of Buford! Whether you're looking for a primary residence with income potential or an exceptional investment property, this is the opportunity you’ve been waiting for. Situated in one of Georgia’s most desirable cities, this home is located within an award-winning school district, including Seckinger High School – Gwinnett County’s first Artificial Intelligence-themed high school. This sprawling 6,074 sq. ft. home, originally built in 1995, was fully renovated in 2021 to blend modern luxury with timeless charm. The main house features 5 spacious bedrooms, 4 full bathrooms, and a stunning, newly renovated kitchen with top-of-the-line stainless steel appliances, including two large side-by-side refrigerators, a 6-burner gas range with a griddle, a bell fan, and a dishwasher. The high-grade granite countertops, dual sinks, walk-in pantry, and abundant cabinetry make this kitchen a true chef’s dream. A convenient adjoining laundry room with sink and cabinetry adds even more functionality. The owner’s suite on the main floor is a private retreat, featuring a master bathroom with dual granite vanities, a walk-in shower/sauna, and his-and-her closets. This estate is packed with premium features, including a brand-new HVAC system, water boiler, and septic tank. The property is fully fenced and sits on a sprawling 2.75-acre lot, offering plenty of room for gardens and outdoor activities. Enjoy the harvest from 20 grapevines (Scupponlong & Muscadine) between August and November, or relax under the shade of 6 mature, heavy-bearing pecan trees. The property also boasts a brand-new 8-person jacuzzi – perfect for unwinding after a long day. In addition, the seller has recently added a 2-story, 3-car garage building, completed in 2023. This building offers 2,394 sq. ft. of living space, separate water and electricity, and three new HVAC systems, two water boilers and new septic tank. Connected to the main house by a breezeway, this building houses three fully furnished apartments with separate entrances, making it perfect for large families, in-laws, additional guests, caretakers, or even an Airbnb or long-term rental opportunity. The apartments include: 792 sq. ft. apartment with 2 bedrooms, 2 full bathrooms, laundry, fully equipped kitchen, breakfast area, and living space. 828 sq. ft. apartment with 2 bedrooms, 2 full bathrooms, kitchen, laundry, breakfast area, and living space. 774 sq. ft. apartment with 1 large master bedroom, 1.5 bathrooms, kitchen, breakfast area, laundry, and office space. All furniture and appliances in the accessory building apartments are included. Additionally, the property features a versatile 2,766 sq. ft. barn, ideal for horse stables, outdoor living, farming, an art studio, or even as a wedding venue. It also serves as a storage and workshop space with a laundry room, independent water and electricity, and a two-car garage with remote control access. For added security, the main house is covered by EMC Alarm protection, and security cameras monitor the perimeter of the property. Located just 20 minutes from Lake Lanier Islands and only 10 minutes from I-85, this property offers unbeatable access to the Mall of Georgia, local restaurants, shopping, hospitals, and businesses. Best of all, THERE IS NO HOA! Currently, the three apartment units are rented with high demand, generating an average monthly income of $8,000. Seller motivated! Don’t miss out on this incredible opportunity – make this stunning estate yours today!

Details

Property type

Single Family Residence

Est. home value

$923,013

Lot size

2.75 acres

Price per sq ft

Unknown

Year built

1995

Annual property taxes

$7,391

HOA

No

Price History

12/04/2024
FMLS

FMLS #7424325

Price change
$2,685,000
-7.41%
09/08/2024
FMLS

FMLS #7424325

Price change
$2,900,000
-10.63%
08/29/2024
FMLS

FMLS #7424325

Price change
$3,245,000
-12.3%

Schools & Community

Elementary school: 

Ivy Creek

Middle school: 

Jones

High school: 

Seckinger

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

$2,005,598
Asking price
$2,685,000
Closing costs (~8% of asking)
-$214,800
Est. remaining loan balance
-$464,602
Cash to seller
$2,005,598

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

Seller’s Loan History

Lender

Acopia

Loan start date

March 2021

Original loan amount

$507,500

Est. remaining balance

$464,602

Interest rate

2.77%

Loan type

New Conventional, 30 year

Seller

Lida P Velasquez Botero and Edgar Osorio Rivera

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: 12/22/2024 at 9:15 PM

Listing updated: 12/18/2024 at 6:34 PM

Listed by: Lida Velasquez, Virtual Properties Realty. Biz Phone #: (770) 495-5050

MLS: FMLS #7424325

FMLS logo

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