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$420,000

Beds
3
Baths
2.0
sq ft
Unknown

5305 Pilgrim Point Rd, Cumming, GA 30041

5305 Pilgrim Point Rd

Cumming, GA 30041

  • 56 days on market
    • Price drop $5,000↓
Welcome to 5305 Pilgrim Point Rd in beautiful Cumming, GA! This fully renovated 3-bedroom, 2-bathroom single-story home blends modern upgrades with peaceful surroundings, making it ideal for families, lake lovers, or savvy investors seeking long-term rental potential. Nestled on over half an acre in rapidly growing Forsyth County, this property promises both comfort and value. With Lake Lanier just minutes away and public boat access only a mile from your door, the lake life is right within reach. Inside, enjoy a spacious open floor plan with fresh paint, new flooring, and updated appliances—all ready for your personal touch or immediate rental. Don’t miss out on this gem; it’s the perfect place to call home or add to your investment portfolio! Lender 1-0 buydown available! Reach out for more details.

Details

Property type

Single Family Residence

Est. home value

$333,632

Property condition

Updated/Remodeled

Lot size

Unknown

Price per sq ft

Unknown

Year built

1986

Annual property taxes

$3,143

HOA

No

Price History

10/24/2024
FMLS

FMLS #7462347

Price change
$420,000
-1.18%
09/26/2024
FMLS

FMLS #7462347

Listed
$425,000
+142.86%
07/17/2020
FMLS

FMLS #6712644

Sold
$175,000
+25%

Schools & Community

Elementary school: 

Chattahoochee - Forsyth

Middle school: 

Little Mill

High school: 

East Forsyth

Community features: 

None

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

$232,445
Asking price
$420,000
Closing costs (~8% of asking)
-$33,600
Est. remaining loan balance
-$153,955
Cash to seller
$232,445

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

Seller’s Loan History

Lender

Mortgage Investors Group

Loan start date

July 2020

Original loan amount

$169,750

Est. remaining balance

$153,955

Interest rate

3.15%

Loan type

New Conventional, 30 year

Seller

Deborah E Kelly and Stephen Rediger

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: 11/22/2024 at 6:35 AM

Listing updated: 11/15/2024 at 5:21 PM

Listed by: Eterno Realty Group, Keller Williams Realty Atlanta Partners Phone #: (678) 341-2900

MLS: FMLS #7462347

FMLS logo

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