tomo logo

$850,000

Beds
4
Baths
4.0
sq ft
3,034

507 Alcovy Lakes Dr, Monroe, GA 30655

507 Alcovy Lakes Dr

Monroe, GA 30655

  • 72 days on market
Gorgeous Executive Estate Home nestled on a 1.62 acre private, fully fenced back yard with an in-ground salt water gunite pool, outdoor living & kitchen space with 1/2 bath convenient for outdoor gathering. Meticulously maintained, one owner home features include tons of extra wood trim throughout, an oversized, formal dining room that can seat 12, private office, formal living room, family room with vaulted ceiling, extra lighting, a built in bookcase, entertain in the gourmet chef's kitchen with plenty of cabinets, double ovens, granite countertops, a tiled backsplash, a raised counter with extra bar seating and pendant lighting, and a breakfast area. Mudroom, laundry and powder room with granite counters on the main. Owner's suite is on the main floor and is oversized with tons of natural light, a trey ceiling, owner's bath has custom cabinets, double vanities, granite countertops, an enclosed glass shower with tiled walls, jetted tub, and custom shutters. Master closet is HUGE with plenty of storage space. Secondary bedrooms are spacious as well. Unfinished basement ready to finish includes workshop and open framing for easy finishing. Enjoy the outdoors on the covered back porch leading to the backyard paradise.

Details

Property type

Single Family Residence

Est. home value

$632,139

Lot size

1.60 acres

Price per sq ft

$281

Year built

2007

Annual property taxes

$6,219

Monthly HOA fee

$43.75

Price History

07/10/2024
FMLS

FMLS #7418763

Listed
$850,000
+109.44%
05/23/2008
FMLS

FMLS #3599134

Sold
$405,850

Schools & Community

Elementary school: 

Harmony - Walton

Middle school: 

Carver

High school: 

Monroe Area

Community features: 

Lake, Park, Playground

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

$531,249
Asking price
$850,000
Closing costs (~8% of asking)
-$68,000
Est. remaining loan balance
-$250,751
Cash to seller
$531,249

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

Seller’s Loan History

Lender

Bank Of America

Loan start date

May 2008

Original loan amount

$375,000

Est. remaining balance

$250,751

Interest rate

5.88%

Loan type

New Conventional, 30 year

Seller

Steven M Wommack and Barbara Wommack

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: 09/20/2024 at 2:30 AM

Listing updated: 08/20/2024 at 9:25 AM

Listed by: Carolyn Carnes, Keller Williams Realty Atl Partners Phone #: (678) 808-1300

MLS: FMLS #7418763

FMLS logo

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