tomo logo

$450,000

Beds
3
Baths
2.0
sq ft
Unknown

5515 Hancock Ln, Cumming, GA 30041

5515 Hancock Ln

Cumming, GA 30041

  • 20 days on market
CUSTOM BUILT AND MOVE IN READY! CUTE AS A BUTTON - HARDWOOD FLOORS THOUGHTOUT TILE BATHS. FRONT PROCH, ARCHITECTURAL SHINGLES, GAS LOGS IN FIREPLACE AND FLAT LOT. FINISHED BONUS ROOM

Details

Property type

Single Family Residence

Est. home value

$409,806

Lot size

0.72 acres

Price per sq ft

Unknown

Year built

2005

Annual property taxes

$3,965

Monthly HOA fee

$16.67

Price History

02/03/2025
FMLS

FMLS #7518847

Listed
$450,000
+158.32%
01/30/2015
FMLS

FMLS #5374612

Sold
$174,200

Schools & Community

Elementary school: 

Chestatee

Middle school: 

Little Mill

High school: 

East Forsyth

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

$228,667
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$185,333
Cash to seller
$228,667

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

Seller’s Loan History

Lender

Homestar Financial

Loan start date

April 2021

Original loan amount

$203,000

Est. remaining balance

$185,333

Interest rate

2.73%

Loan type

New Conventional, 30 year

Seller

James Alan Adams

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: 02/23/2025 at 1:00 PM

Listing updated: 02/17/2025 at 12:15 AM

Listed by: Jamie Mertz, Virtual Properties Realty.com Phone #: (770) 495-5050

MLS: FMLS #7518847

FMLS logo

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