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$500,000

Beds
4
Baths
2.5
sq ft
2,460

5545 Silk Oak Way, Sugar Hill, GA 30518

5545 Silk Oak Way

Sugar Hill, GA 30518

  • 43 days on market
    • Price drop $10,000↓
So fresh and so clean, clean! Arbor Clos, one of the most desirable neighborhoods in Sugar Hill, has a new opportunity for you! Classic brick construction with 4 bedrooms and 2.5 bathrooms. Our favorite notable features are the engineered hardwood floors throughout, custom built-in bookshelves on either side of the fireplace in the family room, fresh paint, oversized primary bedroom with sitting room, natural light, and the large flat backyard. This home has aged well thanks to meticulous homeowner maintenance. Don't miss the little details like the wooden framed bathroom mirror, smart thermostats, and ceiling fans while you're admiring the inviting coffee bar, the butcher block accents, and the pop of color kitchen cabinets. The garage storage is a huge plus too. This impeccably clean home is extremely conveniently located to all of our favorite restaurants, bars, shops, ampitheater, parks, and grocery stores in Sugar Hill, as well as easy access to Cumming (SR 400) and Buford (I-985). Cheer on the Lanier Longhorns alongside a neighborhood full of fellow fans! Come for the cozy vibes this home promises... stay for the neighborly community, family-packed pool, competitive tennis, and annual holiday fun.

Details

Property type

Single Family Residence

Est. home value

$487,133

Lot size

0.39 acres

Price per sq ft

$204

Year built

1999

Annual property taxes

$4,782

Monthly HOA fee

$37.5

Price History

08/16/2024
FMLS

FMLS #7434570

Price change
$500,000
-1.96%
08/04/2024
FMLS

FMLS #7434570

Listed
$510,000
+83.45%
07/28/2018
FMLS

FMLS #6033204

Sold
$278,000

Schools & Community

Elementary school: 

Sugar Hill - Gwinnett

Middle school: 

Lanier

High school: 

Lanier

Community features: 

Playground, Pool, Street Lights, 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

$216,222
Asking price
$500,000
Closing costs (~8% of asking)
-$40,000
Est. remaining loan balance
-$243,778
Cash to seller
$216,222

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

Seller’s Loan History

Lender

Das Acquisition

Loan start date

May 2020

Original loan amount

$267,500

Est. remaining balance

$243,778

Interest rate

3.33%

Loan type

New Conventional, 30 year

Seller

Ryan Mason and Kaitlin Mason

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: 09/16/2024 at 4:00 PM

Listing updated: 08/23/2024 at 1:25 PM

Listed by: Beka Rickman, Pend Realty, LLC. Phone #: (888) 641-7363

MLS: FMLS #7434570

FMLS logo

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