tomo logo

$3,490,000

Beds
4
Baths
4.5
sq ft
8,948

5414 Price Rd, Gainesville, GA 30506

5414 Price Rd

Gainesville, GA 30506

  • 23 days on market
Rare acreage (51 acres!!) on Lake Lanier with gorgeous long range mountain views, pasture and a double slip boat dock! There are two homes on this property. The large home was built in the early 90s and is over 5000 sq ft. Home has great bones but needs major updating/renovations. In ground pool is functioning but may be contributing to mold in home. Some mold was found as well. Second home is over 3500 sq ft and features 3 bedrooms. This home could also use some TLC. So much opportunity here! You could fix up the current homes or tear them down to build your dream home/estate. This a a great property if you're looking for that perfect family compound that offers both boating on Lake Lanier, pasture with room for horses, and spectacular mountain views!! There is a gravel path to ride to the boat dock (4WD preferred). We have had a conceptual floor plan rendering drawn that could be built on current foundation of existing larger homes, so if you're looking for your dream home, we've helped you with the first step!

Details

Property type

Single Family Residence

Est. home value

$2,651,002

Lot size

51.19 acres

Price per sq ft

$391

Year built

1992

Annual property taxes

$3,305

Price History

06/13/2024
FMLS

FMLS #7401461

Listed
$3,490,000
-6.93%
05/27/2024
FMLS

FMLS #7326688

Removed
$3,750,000
03/05/2024
FMLS

FMLS #7326688

Price change
$3,750,000
-15.73%

Schools & Community

Elementary school: 

Lanier

Middle school: 

Chestatee

High school: 

Chestatee

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

October 2023

Original loan amount

$1,444,700

Est. remaining balance

$493,102

Interest rate

7.18%

Loan type

New Conventional, 1 year

Seller

Hickory Road Llc

Lender

Ameris Bank

Loan start date

October 2023

Original loan amount

$1,444,700

Est. remaining balance

$493,102

Interest rate

7.18%

Loan type

New Conventional, 1 year

Seller

Hickory Road Llc

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: 07/06/2024 at 12:05 AM

Listing updated: 06/15/2024 at 9:05 AM

Listed by: Tamara Stout, Century 21 Results Phone #: (770) 889-6090

MLS: FMLS #7401461

FMLS logo

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