tomo logo

$375,000

Beds
3
Baths
2.5
sq ft
1,816

5065 Teal Trl, Cumming, GA 30028

5065 Teal Trl

Cumming, GA 30028

  • 34 days on market
    • Price drop $24,900↓
Welcome to 5065 Teal Trail, a charming 3-bedroom, 2.5-bathroom home nestled on a quiet cul-de-sac in the sought-after West Forsyth High School district. This well-maintained home offers an inviting open floor plan, perfect for entertaining, with a spacious kitchen that flows seamlessly into the family room. The kitchen features granite countertops and a tile backsplash. The dining room, with its elegant glass French doors, can easily serve as a private office. The second level houses all the bedrooms along with a convenient laundry room, making daily chores a breeze. Enjoy outdoor living in the large, fenced-in backyard, offering plenty of space for a pool or other recreational activities. Situated on a generous 1.22-acre lot, this home provides both privacy and room to grow. Additional features include a 2-car garage and a prime location near schools, shopping, and dining. Don't miss the opportunity to make this exceptional home yours!

Details

Property type

Single Family Residence

Est. home value

$412,333

Lot size

1.22 acres

Price per sq ft

$207

Year built

1999

Annual property taxes

$2,682

Monthly HOA fee

$15.83

Price History

11/18/2024
FMLS

FMLS #7473816

Price change
$375,000
-6.23%
11/01/2024
FMLS

FMLS #7473816

Price change
$399,900
-1.26%
10/18/2024
FMLS

FMLS #7473816

Listed
$405,000
+72.34%

Schools & Community

Elementary school: 

Forsyth - Other

Middle school: 

Forsyth - Other

High school: 

Forsyth - Other

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

$148,527
Asking price
$375,000
Closing costs (~8% of asking)
-$30,000
Est. remaining loan balance
-$196,473
Cash to seller
$148,527

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

Seller’s Loan History

Lender

Fidelity Bank

Loan start date

May 2018

Original loan amount

$223,250

Est. remaining balance

$196,473

Interest rate

4.45%

Loan type

New Conventional, 30 year

Seller

Jennifer Balagani and Bharat Balagani

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: 11/21/2024 at 11:50 PM

Listing updated: 11/18/2024 at 6:45 PM

Listed by: Mark Spain, Mark Spain Real Estate Phone #: (770) 886-9000

MLS: FMLS #7473816

FMLS logo

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