tomo logo

$560,000

Beds
4
Baths
3.0
sq ft
3,436

5530 Rialto Way, Cumming, GA 30040

5530 Rialto Way

Cumming, GA 30040

  • 29 days on market
    • Price drop $10,000↓
Move-in ready home is waiting for you! Lovely stone accents greet you outside while a soaring 2-story entry makes for a grand entrance. Enjoy beautiful arched entries and a coffered ceiling in the formal dining room with a formal living room attached for a great flex space. Lovely and easy to maintain laminate wood floors stretch down the hall and into the bright and open living room also featuring a cozy stone fireplace. The kitchen features granite counters, an island with seating, tile backsplash, stainless steel appliances, and lots of natural light in the attached breakfast room. A butlers panty would also make a great coffee bar! The downstairs bedroom has an en-suite bath for a great guest/MIL suite or home office space. Upstairs, a large game room is the perfect place to add a foosball table or watch a movie at the end of the day. Retreat to the oversized primary bedroom with a tray ceiling, seating area, room for a desk, and and en-suite bath with dual sinks, soaking tub, and separate tiled glassed-in shower. Don't miss the gigantic walk-in dressing closet! Two spacious secondary bedrooms and a full bath with dual sinks ensures room for everyone. Never lug laundry baskets up and down the stairs again with the convenience of an upstairs laundry room. The fully fenced backyard has a huge covered patio with room for multiple seating areas and all the green space to spread out. Recent updates include interior painting, new carpet upstairs, garage floor coated with epoxy, garage doors painted, backyard porch painted. Book your tour today!

Details

Property type

Single Family Residence

Est. home value

$535,939

Lot size

5,663 sq ft

Price per sq ft

$163

Year built

2014

Annual property taxes

$4,677

Monthly HOA fee

$44.17

Price History

06/21/2024
FMLS

FMLS #7395833

Price change
$560,000
-1.75%
06/07/2024
FMLS

FMLS #7395833

Listed
$570,000
+20%
08/31/2022
FMLS

FMLS #7086154

Sold
$475,000

Schools & Community

Elementary school: 

Coal Mountain

Middle school: 

North Forsyth

High school: 

North Forsyth

Community features: 

Clubhouse, Lake, Playground, Pool, Tennis Court(s)

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

$75,335
Asking price
$560,000
Closing costs (~8% of asking)
-$44,800
Est. remaining loan balance
-$439,865
Cash to seller
$75,335

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

Seller’s Loan History

Lender

Bison State Bank

Loan start date

August 2022

Original loan amount

$451,250

Est. remaining balance

$439,865

Interest rate

5.51%

Loan type

New Conventional, 30 year

Seller

Durairaj Ramachandran

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 1:45 AM

Listing updated: 06/29/2024 at 5:25 PM

Listed by: Jasmine Harris, Redfin Corporation Phone #: (404) 800-3623

MLS: FMLS #7395833

FMLS logo

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