tomo logo

$349,900

Beds
4
Baths
2.0
sq ft
Unknown

5485 Mercedes Dr, Cumming, GA 30041

5485 Mercedes Dr

Cumming, GA 30041

  • Coming soon
Incredible Opportunity in East Forsyth HS District! Discover this beautifully updated 4-bedroom, 2-bath home in the serene Shady Shores neighborhood, just minutes from Lake Lanier. With NO HOA and voluntary POA lake access, enjoy the best of lake living without restrictions. This open-concept home boasts Quartz countertops, stainless steel appliances, and luxury vinyl plank flooring. Modern light fixtures add a touch of elegance, and a versatile bonus room offers endless possibilities as a 5th bedroom, media room, office, or playroom. You can walk to the lake and have ramp access from the optional POA for a $35 key. Ideally located with quick access to GA 400, this home is close to Alliance Academy, Cumming’s new City Center, UNG Campus, the Aquatic Center, Dawsonville Premium Outlets, and Tidwell Park boat ramp. This is a must-see gem offering lake life, convenience, and style in one perfect package.

Details

Property type

Single Family Residence

Est. home value

$323,561

Lot size

0.24 acres

Price per sq ft

Unknown

Year built

2007

Annual property taxes

$2,577

HOA

No

Price History

02/24/2022
FMLS

FMLS #6974199

Sold
$285,000
+154.46%
10/14/2016
FMLS

FMLS #5720933

Sold
$112,000
+277.1%
03/21/2011
FMLS

FMLS #4180478

Sold
$29,700

Schools & Community

Elementary school: 

Chattahoochee - Forsyth

Middle school: 

Little Mill

High school: 

East Forsyth

Community features: 

Lake

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

Hometown Equity Mortgage

Loan start date

February 2022

Original loan amount

$228,000

Est. remaining balance

Not provided

Interest rate

3.22%

Loan type

Commercial, 30 year

Seller

Perdue Holdings 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?

Status: Coming Soon

Tomo last checked: 11/05/2024 at 9:40 AM

Listing updated: 11/03/2024 at 12:35 AM

Listed by: Cyndi Eversole, Anchor Real Estate Advisors, LLC Phone #: (770) 744-2575

MLS: FMLS #7479311

FMLS logo

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