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$383,000

Beds
5
Baths
3.0
sq ft
2,661

55 Silver Ridge Rd, Covington, GA 30016

55 Silver Ridge Rd

Covington, GA 30016

  • 95 days on market
    • Price drop $11,000↓
    • Open house Jul 05
Welcome home to this charming property that boasts a cozy fireplace, creating a warm and inviting ambiance. The natural color palette throughout the home adds a touch of elegance, complementing the nice backsplash in the kitchen perfectly. With other rooms available for flexible living space, this home offers endless possibilities. The primary bathroom features a separate tub and shower, double sinks, and good under sink storage for added convenience. Step outside to enjoy the covered sitting area in the backyard, perfect for relaxing outdoors. With fresh interior paint and partial flooring replacement in some areas, this home is move-in ready. Don't miss out on this wonderful opportunity!

Details

Property type

Single Family Residence

Est. home value

$400,045

Lot size

0.31 acres

Price per sq ft

$144

Year built

2014

Annual property taxes

$3,661

Monthly HOA fee

$25

Price History

06/27/2024
FMLS

FMLS #7361263

Price change
$383,000
-2.79%
05/23/2024
FMLS

FMLS #7361263

Price change
$394,000
-2.23%
05/09/2024
FMLS

FMLS #7361263

Price change
$403,000
-1.71%

Schools & Community

Elementary school: 

Fairview - Newton

Middle school: 

Clements

High school: 

Newton

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

$191,989
Asking price
$383,000
Closing costs (~8% of asking)
-$30,640
Est. remaining loan balance
-$160,371
Cash to seller
$191,989

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

Seller’s Loan History

Lender

Homebridge Financial Services

Loan start date

April 2015

Original loan amount

$199,113

Est. remaining balance

$160,371

Interest rate

3.86%

Loan type

FHA, 30 year

Seller

Jeremiah Smith

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: 07/04/2024 at 8:40 PM

Listing updated: 07/03/2024 at 7:45 PM

Listed by: Kadie Stidham-Ochoa, Opendoor Brokerage, LLC Phone #: (480) 462-5392

MLS: FMLS #7361263

FMLS logo

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