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$492,500

Beds
3
Baths
2.5
sq ft
2,135

5130 Madison Springs Dr, Cumming, GA 30040

5130 Madison Springs Dr

Cumming, GA 30040

  • 11 days on market
Beautifully updated home situated on a huge side lot with breathtaking views of Sawnee Mountain! This North facing contemporary floorplan is filled with natural light and boasts modern updates throughout including light fixtures, paint, flooring, bathrooms, kitchen and more! 6 year old roof! Main level offers an office/playroom flex space right off the two story main foyer, plus a separate formal dining room that is oversized to accommodate many guests! The updated kitchen is a chef's delight, boasting stainless steel appliances, granite countertops, and a chic tile backsplash. With abundant storage space and the potential to add an island, this kitchen seamlessly flows into the breakfast area and family room, creating an ideal space for entertaining. Soaring ceilings in the two story family room with stone fireplace! Second level laundry- washer and dryer remain! The recently remodeled master bathroom is a true retreat, featuring a stylish subway tile shower with modern fixtures, granite vanity, and new LVP flooring. The expansive master closet provides ample space for all your wardrobe needs. Oversized secondary bedrooms with plenty of closet space and share an updated bathroom with leathered granite counters and tile shower! New Tankless water heater! Enjoy the outdoor living space in the large, fenced backyard; complete with a cozy firepit and a convenient storage shed. 2 car side entry garage with plenty of extra parking on driveway for guests! Located just moments from Sawnee Mountain, where you can enjoy the hiking trails, playground or walking path along the greenway! Great schools and great location close to the vibrant Cumming City Center!

Details

Property type

Single Family Residence

Est. home value

$460,786

Property condition

Updated/Remodeled

Lot size

0.59 acres

Price per sq ft

$231

Year built

2003

Annual property taxes

$3,572

Monthly HOA fee

$20.83

Price History

01/22/2025
FMLS

FMLS #7507394

Listed
$492,500
+10.67%
12/19/2022
FMLS

FMLS #7137809

Sold
$445,000
+74.51%
08/23/2018
FMLS

FMLS #6031722

Sold
$255,000

Schools & Community

Elementary school: 

Cumming

Middle school: 

Otwell

High school: 

Forsyth Central

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

$88,386
Asking price
$492,500
Closing costs (~8% of asking)
-$39,400
Est. remaining loan balance
-$364,714
Cash to seller
$88,386

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

Seller’s Loan History

Lender

Meadowbrook Financial

Loan start date

December 2022

Original loan amount

$400,500

Est. remaining balance

$364,714

Interest rate

6.29%

Loan type

New Conventional, 15 year

Seller

Yasat Zaman and Alima Zaman

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: 01/22/2025 at 6:45 AM

Listing updated: 01/22/2025 at 6:00 AM

Listed by: Aine Burns, Compass Phone #: (404) 668-6621

MLS: FMLS #7507394

FMLS logo

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