tomo logo

$635,000

Beds
3
Baths
2.5
sq ft
Unknown

5185 N Somerset Ln, Alpharetta, GA 30004

5185 N Somerset Ln

Alpharetta, GA 30004

  • 30 days on market
East-facing with stunning curb appeal, this spacious home is one of the largest in the community and is located in the highly sought-after Alpharetta High School district. Featuring a private gated entrance, floor-to-ceiling windows that flood the home with natural light, and a primary suite on the main level, this residence boasts wood flooring throughout. The open-concept kitchen showcases white cabinets, stone countertops, a backsplash, and stainless steel appliances. Conveniently located in the heart of Alpharetta, the home offers easy access to exceptional shopping, fine dining, and entertainment at Avalon and North Point Mall, as well as GA 400, and downtown Alpharetta Square. Nestled in a swim (salt-water pool) /tennis community, this property offers an unbeatable location in a top school district!

Details

Property type

Single Family Residence

Est. home value

$567,439

Lot size

7,000 sq ft

Price per sq ft

Unknown

Year built

1988

Annual property taxes

$5,391

Monthly HOA fee

$75

Price History

01/23/2025
FMLS

FMLS #7512500

Listed
$635,000
+20.49%
02/28/2023
FMLS

FMLS #7161914

Sold
$527,000
+50.14%
01/03/2020
FMLS

FMLS #6634725

Sold
$351,000

Schools & Community

Elementary school: 

Manning Oaks

Middle school: 

Hopewell

High school: 

Alpharetta

Community features: 

Clubhouse, Fitness Center, Pool, Restaurant, Sidewalks, Street Lights, Tennis Court(s)

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

$94,956
Asking price
$635,000
Closing costs (~8% of asking)
-$50,800
Est. remaining loan balance
-$489,244
Cash to seller
$94,956

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

Seller’s Loan History

Lender

Bay Equity

Loan start date

February 2023

Original loan amount

$500,650

Est. remaining balance

$489,244

Interest rate

6.33%

Loan type

New Conventional, 30 year

Seller

Stephanie M Olson

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: 02/23/2025 at 1:30 AM

Listing updated: 02/02/2025 at 3:15 PM

Listed by: Tommy Ngo, Redfin Corporation Phone #: (404) 800-3623

MLS: FMLS #7512500

FMLS logo

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