tomo logo

$350,000

Beds
4
Baths
2.0
sq ft
1,886

550 Favorwood Dr SW, Marietta, GA 30060

550 Favorwood Dr SW

Marietta, GA 30060

  • 153 days on market
    • Price drop $10,000↓
Welcome to this charming split level home! Come inside to see a welcoming foyer leading to an open and airy living area with a unique floor to ceiling open bookshelf and hardwood floors. The updated kitchen, which seamlessly connects to the living area, is ideal for gatherings. Two fully renovated bathrooms feature heated floors to keep you cozy on chilly mornings. Large family room with fireplace on the lower level and oversized yard. Convenient to I-75 makes for any easy commute. This split-level gem combines modern updates with classic charm, making it the perfect place to call home. Don't miss your chance to experience this exceptional property!

Details

Property type

Single Family Residence

Est. home value

$296,760

Lot size

Unknown

Price per sq ft

$186

Year built

1967

Annual property taxes

$1,846

HOA

No

Price History

12/26/2024
FMLS

FMLS #7443045

Listed
$350,000
12/18/2024
FMLS

FMLS #7443045

Pending
$350,000
12/06/2024
FMLS

FMLS #7443045

Price change
$350,000
-2.78%

Schools & Community

Elementary school: 

Birney

Middle school: 

Floyd

High school: 

Osborne

Community features: 

None

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

$228,437
Asking price
$350,000
Closing costs (~8% of asking)
-$28,000
Est. remaining loan balance
-$93,563
Cash to seller
$228,437

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

Seller’s Loan History

Lender

Bank Of America

Loan start date

October 2009

Original loan amount

$137,464

Est. remaining balance

$93,563

Interest rate

5.29%

Loan type

FHA, 30 year

Seller

Ramona P Collentine

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: 01/22/2025 at 8:40 AM

Listing updated: 12/26/2024 at 12:35 PM

Listed by: Hester Group, Harry Norman Realtors Phone #: (770) 977-9500

MLS: FMLS #7443045

FMLS logo

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