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$645,000

Beds
5
Baths
3.5
sq ft
4,062

5231 Hermitage Dr, Powder Springs, GA 30127

5231 Hermitage Dr

Powder Springs, GA 30127

  • 88 days on market
    • Price drop $5,000↓
Beautiful courtyard entrance with circular drive welcomes you to this private retreat, nestled on just under two acres with room for a pool. Home does need some updating, but it is located in a very sought-after community with other million-dollar homes. This is the perfect project for the savvy buyer who is not afraid of a little work to transform their dream home! The kitchen features a lovely light-filled breakfast room, with the screened porch just steps away, perfect for that morning cup of coffee! The soaring ceiling of the great room is accentuated with a stunning stacked stone fireplace and a second access onto the rear porch, and the open concept dining room is wonderful for entertaining. The office on the main is complimented with built in bookcases and would also make a wonderful music room or playroom! The home boasts a master bedroom on the main level, which enjoys private access to the rear deck. Upstairs there are three additional bedrooms and two baths, and a bonus room that could be a 5th bedroom or used as a media room or playroom. The daylight basement has so much storage space, it is already stubbed for a bath and could be finished for additional living space, converted into an in-law or guest suite, or used as a hang out area or play space. Lots of options! Walk out from the basement level to the lower, covered patio area. Other outdoor spaces include the koi pond, a grilling deck, the screened porch, a stone patio for alfresco dining, and a fantastic fire pit area, ideal for whiling away the evening with a glass of wine or making s'mores and memories with friends! Such a peaceful and tranquil oasis, yet only minutes from shopping and dining at The Avenue of West Cobb, and only 7 miles from the vibrant Marietta Square. Neighborhood amenities include swim and tennis, pickleball, playground area, basketball court, clubhouse, and walking trails with a footbridge over Allatoona Creek, which runs through the neighborhood. Nearby parks and trails also abound, including the Silver Comet biking trail. Home is serviced by award winning schools, Vaughn Elementary/Lost Mountain Middle/Harrison High, and is convenient to Kennesaw State University.

Details

Property type

Single Family Residence

Est. home value

$640,671

Lot size

1.80 acres

Price per sq ft

$159

Year built

1988

Annual property taxes

$5,563

HOA

No

Price History

10/24/2024
FMLS

FMLS #7461612

Price change
$645,000
-0.77%
09/25/2024
FMLS

FMLS #7398468

Removed
$650,000
09/25/2024
FMLS

FMLS #7461612

Listed
$650,000

Schools & Community

Elementary school: 

Vaughan

Middle school: 

Lost Mountain

High school: 

Harrison

Community features: 

Clubhouse, Fishing, Park, Playground, Pool, 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

$305,603
Asking price
$645,000
Closing costs (~8% of asking)
-$51,600
Est. remaining loan balance
-$287,797
Cash to seller
$305,603

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

Seller’s Loan History

Lender

Angel Oak Home Loans Llc

Loan start date

November 2020

Original loan amount

$316,500

Est. remaining balance

$287,797

Interest rate

2.9%

Loan type

New Conventional, 30 year

Seller

Mike Laney and Lori Laney

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: 12/22/2024 at 11:30 PM

Listing updated: 12/16/2024 at 3:03 PM

Listed by: Becky Godbee, Atlanta Fine Homes Sotheby's International Phone #: (770) 604-1000

MLS: FMLS #7461612

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