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$400,000

Beds
4
Baths
3.0
sq ft
2,203

5120 Merry Ln, Gainesville, GA 30504

5120 Merry Ln

Gainesville, GA 30504

  • 24 days on market
    • Price drop $50,000↓
Spacious 4-bedroom, 3-bath ranch home featuring freshly painted walls and brand new LVP flooring throughout the main living area. The kitchen has gray cabinetry, all white appliances, an open dining, and a cozy living room with a fireplace, offering direct access to the deck overlooking the backyard – perfect for outdoor gatherings. Spacious bedrooms, the primary bath has been newly remodeled. Downstairs, a finished basement boasts a wet bar, full bathroom, and a versatile bonus room. Additional highlights include a partially fenced backyard, and a utility shed for extra storage. Don’t miss out on this move-in ready gem! Located just minutes away from the lake.

Details

Property type

Single Family Residence

Est. home value

$343,576

Lot size

0.63 acres

Price per sq ft

$182

Year built

1974

Annual property taxes

$1,642

HOA

No

Price History

11/15/2024
FMLS

FMLS #7478648

Price change
$400,000
-11.11%
10/31/2024
FMLS

FMLS #7478648

Listed
$450,000
+172.73%
07/08/2016
FMLS

FMLS #5688772

Sold
$165,000
+32%

Schools & Community

Elementary school: 

McEver

Middle school: 

Chestatee

High school: 

Chestatee

Community features: 

None

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

The Union Bank

Loan start date

June 2021

Original loan amount

$214,082

Est. remaining balance

$198,193

Interest rate

2.98%

Loan type

FHA, 30 year

Seller

Joey Watkins

Lender

The Union Bank

Loan start date

June 2021

Original loan amount

$214,082

Est. remaining balance

$198,193

Interest rate

2.98%

Loan type

FHA, 30 year

Seller

Joey Watkins

Lender

Quicken Loans

Loan start date

August 2020

Original loan amount

$155,381

Est. remaining balance

$141,263

Interest rate

3.03%

Loan type

New Conventional, 30 year

Seller

Joey Watkins

Lender

Quicken Loans

Loan start date

August 2020

Original loan amount

$155,381

Est. remaining balance

$141,263

Interest rate

3.03%

Loan type

New Conventional, 30 year

Seller

Joey Watkins

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: 11/24/2024 at 10:20 PM

Listing updated: 11/16/2024 at 4:15 PM

Listed by: Crystal Bream, Keller Williams Realty Atlanta Partners Phone #: (678) 775-2600

MLS: FMLS #7478648

FMLS logo

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