tomo logo

$349,900

Beds
3
Baths
2.5
sq ft
1,140

5140 Sky Ridge Way, Cumming, GA 30041

5140 Sky Ridge Way

Cumming, GA 30041

  • 11 days on market
Beautiful single family home in popular Mountain Ridge subdivision. Great Cumming location right off of 400. No Rental Restrictions. HOA fee is $118. a month and covers the yard maintenance. Nice floor plan with three bedrooms, two and a half baths. with screened in back porche and nice vinyl privacy fenced back yard! Open concept plan on first floor which is perfect for entertaining. Cozy living room with fireplace opens to the kitchen and dining area.Kitchen features a work island and lots of counter space. Appllances include a stainless refrigerator. Spacious master bedroom on second floor with vaulted ceiing, walk in closet and attached master bath. Laundry room on upper level as well. This home is nice and bright with lots of windows! Heat and air were both replaced in 2020. Well maintained sidewalk community. Highly rated schools and great shopping and restaurants nearby.

Details

Property type

Single Family Residence

Est. home value

$326,522

Property condition

Updated/Remodeled

Lot size

3,485 sq ft

Price per sq ft

$307

Year built

2003

Annual property taxes

$2,748

Monthly HOA fee

$118

Price History

09/08/2024
FMLS

FMLS #7452456

Listed
$349,900
+14.72%
09/21/2022
FMLS

FMLS #7100243

Sold
$305,000
+69.44%
05/15/2020
FMLS

FMLS #6705861

Sold
$180,000
+84.62%

Schools & Community

Elementary school: 

Chestatee

Middle school: 

North Forsyth

High school: 

North Forsyth

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

$70,174
Asking price
$349,900
Closing costs (~8% of asking)
-$27,992
Est. remaining loan balance
-$251,734
Cash to seller
$70,174

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

$251,734

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: Active

Tomo last checked: 09/18/2024 at 8:10 PM

Listing updated: 09/11/2024 at 12:45 PM

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

MLS: FMLS #7452456

FMLS logo

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