tomo logo

$2,900,000

Beds
10
Baths
9.0
sq ft
Unknown

3898 Ridge Rd, Buford, GA 30519

3898 Ridge Rd

Buford, GA 30519

  • 94 days on market
    • Price drop $345,000↓
This is more than just a home, It’s an Estate. The original home was built in 1995 but seller did a complete renovation in 2021. The Central home has 6,074 sq ft of living space, 5 beds and 4 full baths with a brand new renovated kitchen, all new stainless-steel appliances (two large side-by-side refrigerators, 6 burner gas range with griddle, bell fan, and dishwasher), high-grade genuine granite countertop slabs, two sinks, walk-in pantry, and plentiful cabinetry. As well as an adjoining laundry room with sink and cabinetry. Brand new HVAC system, water boiler and 2 septic tanks to serve the property. The owner’s suite on the main floor has a master modern bathroom design, two granite vanity tops, and a walk-in shower/sauna. Also with his and hers closets. This property has it all: including high-demand location and top-rated schools, two remote-controlled gated entrances, Plenty of garden space. Lot features 20 grape vines (Scuppolongs & Muscadines) with plentiful harvest between August-November, and 6 mature heavy bearing Pecan trees. Brand new 8-person jacuzzi, fully fenced leveled lot on a sprawling 2.75 Acres. The owner also added a 2-story 3-car garage building built in 2023 with 2,394 sq ft of living space, separate water & electricity and 3 brand new HVAC systems and 2 water boiler. THREE FULLY FURNISHED APARTMENTS connected by a breezeway to the main house with a separate gate entrance that leads to an 8-car capacity paved parking lot behind the main house. The estate can provide several Opportunities FOR YOU as this newly built complex is perfect for large families, in-laws, additional guests, caretakers, but not limited to, Airbnb rental and/or long-term rental. The complex building front foyer leads to a 792 sq. ft. apartment with two bedrooms, two full bathrooms, laundry, fully equipped kitchen, breakfast area, and living space. The second floor has two additional apartments: One 828 sq ft. apartment with two bedrooms, two full baths, fully equipped kitchen, laundry, breakfast area, and additional living space. Alongside a 774 sq ft. third apartment with one large master bedroom, 1.5 baths, fully equipped kitchen with breakfast area, laundry and office space. ALL FURNITURE AND APPLIANCES in the accessory building apartments stay. The property also has a 2,766 sq. ft. barn that can serve many purposes; 2 horse stables, outdoor living, farming, art studio, and a wedding venue that can be repurposed to the owner’s desire. While on the other, it serves as a storage and workshop space. Furthermore, a laundry room, independent water and electricity, and two-car garage with remote control as a plus. Main house covered with EMC Alarm security protection and security cameras covered the perimeter of the property. There is NO Hoa, property is on the main road. This location is 10 minutes from I-85, Mall of Georgia, Local Restaurants, Retail shopping, Hospitals and Businesses. SELLER CURRENTLY HAS THE 3 APARTMENT UNITS LISTED AND RENTED THROUGH AIRBNB WITH HIGH DEMAND.THE AVERAGE MONTHLY INCOME FOR THE RENTAL OF THE THREE UNITS IS $8,000. Seller motivated!

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

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%
08/20/2024
FMLS

FMLS #7424325

Listed
$3,700,000
+401.69%

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

$2,202,395
Asking price
$2,900,000
Closing costs (~8% of asking)
-$232,000
Est. remaining loan balance
-$465,605
Cash to seller
$2,202,395

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

$465,605

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: 11/22/2024 at 3:40 PM

Listing updated: 11/06/2024 at 4:00 PM

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

MLS: FMLS #7424325

FMLS logo

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