tomo logo

$265,000

Beds
3
Baths
2.5
sq ft
1,624

5325 Keithwood Ct, Cumming, GA 30040

5325 Keithwood Ct

Cumming, GA 30040

  • 1 day on market
This property offers a prime investment opportunity in a quiet, established neighborhood with NO HOA, with the right vision and effort, this could be a lucrative opportunity for the right investor. Home is just minutes from downtown Cumming, close to restaurants shops, parks and much more. Home is situated on a spacious 1.04-acre lot, the home has been damaged by a fire but is structurally stable with no foundation damage (engineer's report in documents). The property appraised at $550K subject to rebuild (appraisal report in documents). The county has already approved building permits for a 4-bedroom, 3.5-bath home utilizing the existing foundation, existing on-site sewage system evaluation report available. Architectural designed plans, including a detailed framing plan, are attached to the listing.

Details

Property type

Single Family Residence

Est. home value

$368,267

Property condition

Fixer

Lot size

1.04 acres

Price per sq ft

$164

Year built

1992

Annual property taxes

$125,049

Price History

10/21/2024
GeorgiaMLS

GeorgiaMLS #10399141

Listed
$265,000
+63.28%
10/26/2007
FMLS

FMLS #3581599

Sold
$162,300

Schools & Community

Elementary school: 

New Hope

Middle school: 

Vickery Creek

High school: 

Forsyth Central

Community features: 

None

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Ameris Bank

Loan start date

March 2024

Original loan amount

$280,000

Est. remaining balance

Not provided

Interest rate

Not provided

Loan type

New Conventional, 30 year

Seller

Lauren Elizabeth Terrell

Lender

Fidelity Bank

Loan start date

November 2012

Original loan amount

$153,000

Est. remaining balance

$110,191

Interest rate

3.39%

Loan type

New Conventional, 30 year

Seller

Jeremy Clete Terrell and Lauren Terrell

Lender

First Mtg Solutions

Loan start date

October 2007

Original loan amount

$162,300

Est. remaining balance

$108,081

Interest rate

6.46%

Loan type

New Conventional, 30 year

Seller

Jeremy C Terrell

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?

Status: Active

Tomo last checked: 10/22/2024 at 2:50 PM

Listing updated: 10/21/2024 at 9:57 AM

Listed by: Xochilt Villalobos, Keller Williams Rlty. Partners

MLS: GeorgiaMLS #10399141

GeorgiaMLS logo

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