tomo logo

$550,000

Beds
4
Baths
2.5
sq ft
Unknown

4950 Alder Ln, Powder Springs, GA 30127

4950 Alder Ln

Powder Springs, GA 30127

  • 77 days on market
    • Price drop $45,000↓
Seller offering up to $10,000 toward buyers’ closing costs. Newly renovated Cobb County residence on 5-acres available for access to West Cobb’s finest schools including Harrison and Hill Grove. This stunning estate is located in desirable Powder Springs, a short 30 minute drive from Midtown Atlanta. Nestled in a private cul-de-sac, this property presents a unique opportunity in Cobb County. This beautifully renovated property features a main house with modern upgrades, chicken coops, expansive grassy area, mature forest, orchard, and multiple structures. Most notably, the property contains a separate 1,200 sq. ft. newly renovated and fully finished outbuilding. This detached structure has an HVAC setup, panoramic views of the property and offers a wealth of possibilities ideal for those looking to work from home, run a business, workshop, have a gym, or even create a guest house by installing a kitchen. The value of this structure alone is approximately $175,000. Inside the main house, the open concept great room has exposed beams and loft, creating a luxurious, retreat-like atmosphere. The country kitchen, which opens to the outdoor living spaces, is perfect for family dinners or al fresco dining. The primary suite and bath on the main floor are private while the three additional bedrooms offer ample space for family and guests. Located near multiple equestrian communities, and direct access to the Silver Comet Trail, this estate is a rare find in the thriving Powder Springs market with unparalleled potential for family living, investment, or future development.

Details

Property type

Single Family Residence

Est. home value

$481,367

Property condition

Updated/Remodeled

Lot size

5.00 acres

Price per sq ft

Unknown

Year built

1980

Annual property taxes

$5,677

HOA

No

Price History

11/15/2024
FMLS

FMLS #7451749

Price change
$550,000
-7.56%
10/15/2024
FMLS

FMLS #7451749

Price change
$595,000
-4.8%
10/08/2024
FMLS

FMLS #7451749

Price change
$625,000
-3.85%

Schools & Community

Elementary school: 

Hendricks

Middle school: 

Cooper

High school: 

McEachern

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

$139,080
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$366,920
Cash to seller
$139,080

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

Seller’s Loan History

Lender

Local Mortgage Inc

Loan start date

November 2021

Original loan amount

$391,500

Est. remaining balance

$366,920

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Ashley Bezamat

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?

Similar Homes Nearby

FMLS
$529,000
4 bd
|
2.5 ba
|
3,053 sq ft
|
House

488 Morris Rd, Hiram, GA 30141

FMLS
$470,000
4 bd
|
2.5 ba
|
House

4633 Teal Ct, Powder Springs, GA 30127

FMLS
$499,000
4 bd
|
2 ba
|
2,500 sq ft
|
House

5302 Pine Valley Rd, Powder Springs, GA 30127

Status: Active

Tomo last checked: 11/22/2024 at 4:50 PM

Listing updated: 11/15/2024 at 11:45 AM

Listed by: Kelly And Company, Keller Williams Realty Atl North Phone #: (770) 509-0700

MLS: FMLS #7451749

FMLS logo

Recently listed in Powder Springs