tomo logo

$359,000

Beds
3
Baths
2.5
sq ft
1,140

5140 Sky Ridge Way, Cumming, GA 30041

5140 Sky Ridge Way

Cumming, GA 30041

  • 3 days on market
Beautiful single family home in popular Mountain Ridge subdivision is just listed! This community has NO RENTAL RESTRICTIONS, so it could be a great rental or perfect for an Owner Occupant! This community features an HOA and is in a great location just off of 400. The HOA fee is low at only $118. per month and covers the yard maintenance for a carefree lifestyle! Nice floor plan with three bedrooms, two and a half baths. Open concept on first floor which is perfect for entertaining! A cozy living room with fireplace opens to the kitchen and breakfast area. The kitchen features a work island and lots of counter space! Appliances include a gas range, microwave, dishwasher and a stainless refrigerator. Spacious master bedroom on the upper level with vaulted ceilings, walk in closet and attached master bath. Two additional bedrooms are good sized and there is also a nice hall bath and laundry room. This home is sunny and bright with lots of windows! Heat and air were both replaced in 2020. There is a charming screened porch adjacent to the kitchen and a wonderful level back yard with a white vinyl privacy fence!

Details

Property type

Single Family Residence

Est. home value

$326,522

Lot size

3,485 sq ft

Price per sq ft

$315

Year built

2003

Annual property taxes

$2,715

Monthly HOA fee

$118

Price History

01/24/2025
FMLS

FMLS #7514182

Listed
$359,000
+2.6%
10/15/2024
FMLS

FMLS #7452456

Removed
$349,900
09/29/2024
FMLS

FMLS #7452456

Listed
$349,900

Schools & Community

Elementary school: 

Chestatee

Middle school: 

North Forsyth

High school: 

North Forsyth

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

$80,277
Asking price
$359,000
Closing costs (~8% of asking)
-$28,720
Est. remaining loan balance
-$250,003
Cash to seller
$80,277

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

Seller’s Loan History

Lender

Fifth Third Bank

Loan start date

September 2022

Original loan amount

$259,250

Est. remaining balance

$250,003

Interest rate

4.99%

Loan type

New Conventional, 30 year

Seller

Karan Chawala and Nidhi Chawala

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: 01/27/2025 at 1:30 AM

Listing updated: 01/25/2025 at 9:15 AM

Listed by: Mary Taylor, Virtual Properties Realty.com Phone #: (770) 495-5050

MLS: FMLS #7514182

FMLS logo

Recently listed in Cumming

$480,000|3 bd|2.5 ba|House
$305,000|2 bd|2.0 ba|Townhouse
$739,900|5 bd|4.0 ba|House
$885,000|6 bd|5.0 ba|House
$810,000|3 bd|3.5 ba|House
$825,000|4 bd|4.5 ba|House
$560,000|3 bd|3.0 ba|House
$599,900|4 bd|3.5 ba|House
$500,000|3 bd|3.0 ba|House

Explore top cities in Georgia