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$439,000

Beds
3
Baths
2.0
sq ft
1,655

51 Backwater Cove Ct, Newnan, GA 30263

51 Backwater Cove Ct

Newnan, GA 30263

  • 32 days on market
Beautiful ranch-style home offers vista of private pond from covered back porch, the perfect spot for game day celebrations, morning coffee, and winding down at the end of your busy day. Inviting open concept home. Foyer flows into formal Dining Room and vaulted Great Room highlighted by a wood-burninig, stone fireplace. Well-appointed Kitchen (granite tops and stainless appliances) and Breakfast Room also offer views of the pond across the landscaped backyard. Popular split bedroom plan offers privacy for everyone. Owner's Suite boasts double trey ceiling, sitting area and walk-in closet. En suite Bath features garden tub, separate shower, private water closet, and dual vanities. Secondary bedrooms share Hall Bath with shower/tub combo. Home is nestled on a wooded 1.3+/- acre site in a quiet cul-de-sac. Yard offers fenced area for small pet. The Brooks is a hidden gem of a neighborhood conveniently located just south of Highway 16.

Details

Property type

Single Family Residence

Est. home value

$409,395

Lot size

1.30 acres

Price per sq ft

$266

Year built

2012

Annual property taxes

$2,225

Monthly HOA fee

$20.83

Price History

11/21/2024
GeorgiaMLS

GeorgiaMLS #10406698

Listed
$439,000
+24.72%
08/27/2021
GeorgiaMLS

GeorgiaMLS #9018319

Sold
$352,000

Schools & Community

Elementary school: 

Poplar Road

Middle school: 

East Coweta

High school: 

East Coweta

Community features: 

Street Lights

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

$158,703
Asking price
$439,000
Closing costs (~8% of asking)
-$35,120
Est. remaining loan balance
-$245,177
Cash to seller
$158,703

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

Seller’s Loan History

Lender

Stockton Mortgage

Loan start date

August 2021

Original loan amount

$264,000

Est. remaining balance

$245,177

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Janet Cato and Arthur Cato

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: 12/23/2024 at 4:40 AM

Listing updated: 12/05/2024 at 1:07 AM

Listed by: Sherry Blackmon, Coldwell Banker Bullard Realty

MLS: GeorgiaMLS #10406698

GeorgiaMLS logo

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