tomo logo

$405,000

Beds
4
Baths
3.5
sq ft
2,367

53 Cottage Ln, Newnan, GA 30265

53 Cottage Ln

Newnan, GA 30265

  • 3 days on market
Charming Family Home across from the park at Eastlake summergrove! Beautiful Landscape all around the house, Covered Front Porch welcomes you to this lovely home, wood-looking Tiles throughout the main floor, separate dining, gorgeous kitchen with granite countertop, island, plenty of cabinet space, subway tile backsplash, stainless steel appliances, two sets of stairways, one stairway leads you to Master Suite, 2 secondary bedrooms with a full bathroom and laundry room upstairs, and the other stairway off the kitchen leads you to the separate bedroom with Full Bath, perfect for a teen suite, in-law suite, guest suite, or family entertainment room. The rear Entry Garage. The expanded back porch looks over the fully fenced-in backyard. Enjoy Resort-style living in this beautiful community that offers 3 Swimming Pools, a Lazy River, Tennis/Pickle Ball Courts, Parks, Playgrounds, connected to the Linc, Easy access to Exit 44, 47, and 51 on I-85, 30 minutes away from the Atlanta Airport, Minutes to schools, shopping, dining, Piedmont Newnan Hospital, and more!

Details

Property type

Single Family Residence

Est. home value

$396,495

Lot size

8,276 sq ft

Price per sq ft

$172

Year built

2003

Annual property taxes

$2,833.17

Monthly HOA fee

$66.25

Price History

06/28/2024
GeorgiaMLS

GeorgiaMLS #10328328

Listed
$405,000
+15.71%
07/16/2021
GeorgiaMLS

GeorgiaMLS #8986907

Sold
$350,000

Schools & Community

Elementary school: 

Welch

Middle school: 

Lee

High school: 

East Coweta

Community features: 

Clubhouse, Lake, Park, Playground, Pool, 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

$82,495
Asking price
$405,000
Closing costs (~8% of asking)
-$32,400
Est. remaining loan balance
-$290,105
Cash to seller
$82,495

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

Seller’s Loan History

Lender

Prime Home Loans

Loan start date

February 2022

Original loan amount

$305,000

Est. remaining balance

$290,105

Interest rate

3.11%

Loan type

New Conventional, 30 year

Seller

Jonghwan Lee

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: 07/01/2024 at 11:55 AM

Listing updated: 06/28/2024 at 6:13 AM

Listed by: Sarah S. Kim, Fathom Realty GA, LLC

MLS: GeorgiaMLS #10328328

GeorgiaMLS logo

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