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$345,900

Beds
3
Baths
2.5
sq ft
1,140

5140 Sky Ridge Way, Cumming, GA 30041

5140 Sky Ridge Way

Cumming, GA 30041

  • Pending
    • Price drop $3,100↓
Beautiful single family home in popular Mountain Ridge subdivision! This property is perfect for a small family and is in great "Move In" condition. It has just been pressure washed and has new sod in the front yard! Great location conveniently located just off of Highway 400 and close to the outlets malls and is in a top school district! Nice floor plan with three bedrooms, two and a half baths. Open concept on the 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. Master bath has a nice garden tub! 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!! Also, a one car garage. This home is low maintenance with vinyl siding. The HOA fee is low at $118. per month and includes the yard maintenance.

Details

Property type

Single Family Residence

Est. home value

$326,522

Lot size

3,485 sq ft

Price per sq ft

$304

Year built

2003

Annual property taxes

$2,715

HOA fee

$118

Price History

04/03/2025
FMLS

FMLS #7514182

Pending
$345,900
04/03/2025
FMLS

FMLS #7514182

Removed
$345,900
03/13/2025
FMLS

FMLS #7514182

Price change
$345,900
-0.89%

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

$68,927
Asking price
$345,900
Closing costs (~8% of asking)
-$27,672
Est. remaining loan balance
-$249,301
Cash to seller
$68,927

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

$249,301

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?

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Status: Pending/Under Contract

Tomo last checked: 04/04/2025 at 7:30 AM

Listing updated: 04/03/2025 at 10:51 AM

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

MLS: FMLS #7514182

FMLS logo

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