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$4,500,000

Beds
7
Baths
8.5
sq ft
12,000

500 Covington Cv, Alpharetta, GA 30022

500 Covington Cv

Alpharetta, GA 30022

  • 160 days on market
    • Price drop $250,000↓
Welcome to 500 Covington Cove in the prestigious Country Club of the South in Alpharetta, GA. This home has nearly been rebuilt from top to bottom, offering a one-of-a-kind opportunity for luxury waterfront living within a gated golf course community. With breathtaking panoramic views of the Chattahoochee River, this property is a dream come true for nature lovers and fishing enthusiasts. It is one of only four homes in the neighborhood with direct access to the river through a gated fence, providing a unique opportunity to enjoy the outdoors. Situated on a cul-de-sac lot, this home offers privacy and tranquility in a desirable location. Structural improvements have transformed the main living/kitchen/breakfast space into a modern open concept design, with ADA compliance. The central staircase has been removed, making way for an added bedroom upstairs and an expanded main living area. The main and back staircases have been rebuilt with oak treads, and a frameless railing stair system adds a contemporary touch. Approximately 400 square feet have been added, including an upstairs bedroom, an upstairs bedroom closet converted from attic space, and a main level utility closet created from the garage. New Pinnacle windows across the back of the home offer breathtaking panoramic waterfront views. A new elevator has been installed and is up to date with the most current safety requirements. The kitchen is a chef's dream, featuring Miele appliances throughout, including a paneled refrigerator/freezer, regular oven, steam oven, and speedy oven. Custom cabinetry by The Furniture Guild adds a touch of luxury, with 8 lighted glass and metal double 8-foot doors, built-in utensil/knife drawers, and recessed spice/utensil racks flanking the cooktop. The quartzite countertops and backsplash, along with the oversized island, provide ample space for meal preparation. The double sink with a work station, dual sink faucets, and insta hot tap make kitchen tasks a breeze. A butler's pantry adds additional storage and functionality. The flooring features site-finished white oak wide plank flooring, adding a touch of sophistication to the space. New carpet has been installed in the bonus room for added comfort. The bathrooms have also received attention, with refreshed cabinets in the primary bathroom and new powder bathrooms on the main level. Upstairs, you'll find a new ADA-compliant ensuite bathroom with marble finishes and a skylight, as well as a shared ADA-compliant bathroom. Toto toilets have been installed throughout the home for added convenience. In terms of electrical and mechanical upgrades, you'll find new plugs and switches, as well as an updated electrical panel that meets the latest code requirements. The home also prioritizes energy efficiency with Windsor Pinnacle Windows throughout. These windows are made with the most energy-efficient materials available, reducing heat loss in the winter and heat gain in the summer. They also help prevent furniture, drapes, and carpet from fading due to reduced ultraviolet light penetration. The heavy-duty .050 extruded aluminum cladding ensures durability and resistance to exterior damage. Additionally, energy-efficient thermostats and spray foam insulation in the attic contribute to a comfortable and eco-friendly living environment. This stunning property boasts an array of additional features, including a new elevator for easy access throughout the home. Can/LED lighting illuminates every corner, while fresh interior paint and new baseboards add a touch of elegance to the main and upper levels. The Windsor Pinnacle Doors and Baldwin Contemporary Door Knobs provide a stylish entrance to each room. Don't miss the opportunity to own this unique property outside of Atlanta, with proximity to Johns Creek High School, Wesleyan, & GACS. With its extensive features and upgrades, this home offers the perfect blend of luxury, comfort, and functionality in a central location.

Details

Property type

Single Family Residence

Est. home value

$3,048,626

Lot size

1.11 acres

Price per sq ft

$375

Year built

2001

Annual property taxes

$31,989

Monthly HOA fee

$316.67

Price History

05/16/2024
FMLS

FMLS #7327284

Price change
$4,500,000
-5.26%
03/07/2024
FMLS

FMLS #7327284

Price change
$4,750,000
-5%
01/24/2024
FMLS

FMLS #7327284

Listed
$5,000,000

Schools & Community

Elementary school: 

Barnwell

Middle school: 

Autrey Mill

High school: 

Johns Creek

Community features: 

Clubhouse, Gated, Golf, Pool, Sidewalks, Tennis Court(s)

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Boxcar Mortgage

Loan start date

October 2023

Original loan amount

$726,200

Est. remaining balance

$721,553

Interest rate

7.23%

Loan type

New Conventional, 30 year

Seller

Mark Cameron Nizdil and Melissa Nizdil

Lender

Pinnacle Bank

Loan start date

November 2022

Original loan amount

$250,000

Est. remaining balance

Not provided

Interest rate

6.29%

Loan type

Commercial, 20 year

Seller

Mark C Nizdil and Melissa J Nizdil

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?

Status: Active

Tomo last checked: 07/02/2024 at 2:35 PM

Listing updated: 05/20/2024 at 2:54 PM

Listed by: Casey Rutherford, Ansley Real Estate| Christie's International Real Estate Phone #: (770) 284-9900

MLS: FMLS #7327284

FMLS logo

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