tomo logo

$1,250,000

Beds
6
Baths
5.5
sq ft
5,940

5340 Cole Creek Ln, Cumming, GA 30040

5340 Cole Creek Ln

Cumming, GA 30040

  • 42 days on market
    • Price drop $49,000↓
Step into luxury living at its finest with this exceptional custom home nestled in the prestigious subdivision of Vickery Springs. Crafted with meticulous attention to detail, this residence boasts all the bells and whistles discerning homeowners crave. 4-sided brick and enhanced with an upgraded trim package, this home exudes sophistication at every turn. Inside, the main level boasts a thoughtful layout, featuring a main level home office with rich paneling, open layout, guest suite and the open fireside family room, featuring a thick coffered ceiling, a wall of windows overlooking the covered deck and backyard and easy open access to the renovated kitchen. The heart of the home, the all-white chef’s kitchen, is a culinary dream, equipped with high-end stainless steel appliances and an expansive walk-in pantry. Upstairs, the master suite is a sanctuary of comfort, boasting a private covered porch and oversized his-and-hers closets, providing ample storage space. 3 additional large bedrooms offer plenty of room to grow, each accompanied by generous secondary closets and ensuite baths. There's even a bonus room upstairs for a game room/teen suite or 2nd home office! The newly finished terrace level boasts a fireside family room, lots of recreation space, a new bar/kitchenette, guest suite and more! Outside you will fall in love with the covered porch, complete with a cozy fireplace and built-in grill which creates an outdoor oasis perfect for al fresco dining or evening gatherings. Beyond lies a level fenced-in backyard, providing a private retreat for both relaxation and recreation and all the space you need for a. future pool. Located in the highly sought-after West Forsyth area, this residence is surrounded by top-rated schools, expansive parks, and the charming restaurants of Vickery Village. Plus, with recent updates including a newer roof and upgraded HVAC systems throughout, this home offers peace of mind and modern convenience. Indulge in the epitome of luxury living – schedule your private tour today!

Details

Property type

Single Family Residence

Est. home value

$1,142,411

Lot size

0.42 acres

Price per sq ft

$211

Year built

2006

Annual property taxes

$6,539

HOA fee

$1,000

Price History

06/24/2024
FMLS

FMLS #7390228

Price change
$1,250,000
-3.77%
06/03/2024
FMLS

FMLS #7390228

Price change
$1,299,000
-0.76%
05/21/2024
FMLS

FMLS #7390228

Listed
$1,309,000
+19%

Schools & Community

Elementary school: 

Vickery Creek

Middle school: 

Vickery Creek

High school: 

West Forsyth

Community features: 

Clubhouse, 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

$339,071
Asking price
$1,250,000
Closing costs (~8% of asking)
-$100,000
Est. remaining loan balance
-$810,929
Cash to seller
$339,071

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 Mac

Loan start date

July 2023

Original loan amount

$819,000

Est. remaining balance

$810,929

Interest rate

6.69%

Loan type

New Conventional, 30 year

Seller

Si H Lee and Min Ji Kim

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: 07/02/2024 at 3:30 PM

Listing updated: 06/29/2024 at 6:45 PM

Listed by: Kelly And Company, Keller Williams Realty Atl North Phone #: (770) 509-0700

MLS: FMLS #7390228

FMLS logo

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