tomo logo

$424,990

Beds
4
Baths
2.5
sq ft
2,464

3985 New Salem Ct, Cumming, GA 30040

3985 New Salem Ct

Cumming, GA 30040

  • 5 days on market
Welcome Home to an amazing Living experience in Bridgetown community, Cumming! With no rental restrictions, this property presents an excellent opportunity for investors in a highly sought-after location. The property is currently leased to a reliable tenant with a history of timely payments. This immaculately maintained, spacious Single Family House offers 4 bedrooms and 2.5 bathrooms in a 2,464 sq ft layout. With its Northwest-facing orientation, this home boasts an abundance of natural light throughout the day. Key Features: Prime Location: Situated near top-rated schools, Exit 18, Walmart, restaurants, shops, Costco and what not, you'll enjoy the convenience of everything you need just moments away. Open Concept Floor Plan: The living room and dining room are seamlessly combined, with the family room open to the spacious kitchen. Upstairs, you'll find a master suite featuring dual vanities and a garden tub, along with three generously sized secondary bedrooms, a laundry room, and an additional bathroom. Modern & Luxurious Design: The open concept layout effortlessly transitions from the kitchen to the dining area and into the living space, offering a grand and inviting atmosphere for all occasions. Private Outdoor Retreat: Step out onto fenced backyard that provides an ample space for grilling or sipping your morning coffee. This home is perfect for anyone looking to experience both luxury and practicality in a community that’s close to everything. Don’t miss out—schedule a showing today and make this stunning property your new home!

Details

Property type

Single Family Residence

Est. home value

$432,228

Lot size

6,970 sq ft

Price per sq ft

$173

Year built

2005

Annual property taxes

$3,690

Monthly HOA fee

$37.92

Price History

02/19/2025
FMLS

FMLS #7526357

Listed
$424,990
+77.08%
06/14/2019
FMLS

FMLS #6542338

Sold
$240,000

Schools & Community

Elementary school: 

Coal Mountain

Middle school: 

North Forsyth

High school: 

North Forsyth

Community features: 

Park, Playground, Pool, Sidewalks, Street Lights

Number of units in community: 

1

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

$135,710
Asking price
$424,990
Closing costs (~8% of asking)
-$33,999
Est. remaining loan balance
-$255,281
Cash to seller
$135,710

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

Seller’s Loan History

Lender

Home Point Financial

Loan start date

February 2022

Original loan amount

$272,752

Est. remaining balance

$255,281

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Venkateswarlu Maddi and Aravind Babu Miryala

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: 02/23/2025 at 7:25 AM

Listing updated: 02/22/2025 at 1:10 PM

Listed by: Pankaj Das, GVR Realty, LLC. Phone #: (678) 528-1806

MLS: FMLS #7526357

FMLS logo

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