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$3,150,000

Beds
5
Baths
6.0
sq ft
10,305

47 Fern Leaf Way, Newnan, GA 30265

47 Fern Leaf Way

Newnan, GA 30265

  • 60 days on market
This exquisite estate, located in the prestigious Arbor Springs community, is a masterpiece of luxury and comfort. The main level welcomes you with a grand two-story foyer that opens to a formal dining room with custom built-ins and a great room featuring a stone fireplace. Adjacent is a bright sunroom, also with a stone fireplace and stone floors, both providing access to a covered grilling deck and an additional open-air deck-perfect for entertaining. The chef's kitchen is a culinary dream, boasting a professional-grade gas stove, pot filler, large work island with bar seating, abundant cabinetry, and a spacious pantry. The inviting keeping room just off the kitchen features rustic beams and a fireplace, making it ideal for cozy gatherings. Also on the main level is a well-equipped laundry room with built-in cabinetry, a second refrigerator, washer and dryer, a utility sink, and upper and lower cabinets for extra storage. The expansive primary suite, located on the main level, is a luxurious retreat, complete with a cozy sitting area, a fireplace, custom closet system, and a spa-like ensuite with custom vanities, a soaking tub, and a spacious shower. Upstairs, a central hallway leads to three generously sized bedrooms, each with its own private bath. The upper level also includes a built-in computer desk with cabinetry and a light-filled bonus room. Additionally, there's a second bonus room over the three-car garage, along with finished and unfinished knee wall closets providing ample storage space. The terrace level is designed for entertainment and relaxation, offering a bright and spacious billiards room, complete with custom built-ins for displaying awards, books, or whatever you wish. A spiral staircase in the billiards room leads to a light-filled catwalk that overlooks the space, enhancing the open and airy feel. This level also features a full gym, a great room with a fireplace, and a home theater ready for your video equipment. A bar area and wine cellar are perfect for entertaining, and the level also includes a bedroom, full bath, and half bath. Additionally, there's an extra garage door area, ideal for storing recreational vehicles or equipment. Outside, a covered porch with a fireplace and second grilling station is perfect for outdoor dining and gatherings. The property's beautifully landscaped grounds offer a serene outdoor escape, featuring stone retaining walls, topiary trees, cedar light sculptures, and a perimeter lined with cedar trees and hardwoods. A full-size basketball court and a space that can be transformed into a fire pit area or children's playground further enhance the recreational possibilities. This estate is more than just a home-it's a harmonious blend of luxury and nature, all within the sought-after Arbor Springs community, which offers tennis, a pool, and proximity to Ashley Park Mall and Hartsfield Jackson airport . Located in the desirable Northgate school district, this home is a true gem.

Details

Property type

Single Family Residence

Est. home value

$1,440,671

Lot size

1.79 acres

Price per sq ft

$306

Year built

2006

Annual property taxes

$15,950.58

Monthly HOA fee

$50

Price History

09/24/2024
GeorgiaMLS

GeorgiaMLS #10383666

Listed
$3,150,000

Schools & Community

Elementary school: 

Arbor Springs

Middle school: 

Madras

High school: 

Northgate

Community features: 

Playground, Pool, Tennis Court(s)

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

$2,383,022
Asking price
$3,150,000
Closing costs (~8% of asking)
-$252,000
Est. remaining loan balance
-$514,978
Cash to seller
$2,383,022

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

Seller’s Loan History

Lender

Wells Fargo Bk Na

Loan start date

June 2011

Original loan amount

$716,250

Est. remaining balance

$514,978

Interest rate

4.8%

Loan type

New Conventional, 30 year

Seller

Benjamin J Carnazzo and Karin K Carnazzo

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: 11/23/2024 at 12:05 AM

Listing updated: 11/14/2024 at 4:57 PM

Listed by: Cindy M. Barnard, Keller Williams Realty Atl. Partners

MLS: GeorgiaMLS #10383666

GeorgiaMLS logo

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