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$289,000

Beds
4
Baths
2.5
sq ft
2,348

5615 Highway 81 E, Mcdonough, GA 30252

5615 Highway 81 E

McDonough, GA 30252

  • 6 days on market
5615 Hwy 81 East, McDonough, GA - Great Investment Opportunity This 4-bedroom, 2.5-bathroom home is situated in a prime location just minutes from downtown McDonough and offers easy access to shopping, dining, and major highways. Located in the sought-after Ola School District, this property is an excellent investment opportunity. Currently in pre-foreclosure, the home is being sold as-is and will require renovation and repairs, making it ideal for investors or buyers looking to customize their own space. With its convenient location and strong school district, this property holds significant potential for future value. Don't miss out on this chance to invest in a property with great potential in a desirable area.

Details

Property type

Single Family Residence

Est. home value

$356,888

Lot size

2.09 acres

Price per sq ft

$124

Year built

2001

Annual property taxes

$4,977.72

HOA

No

Price History

03/28/2025
GeorgiaMLS

GeorgiaMLS #10488538

Listed
$289,000
+30.18%
09/09/2020
GeorgiaMLS

GeorgiaMLS #8746368

Sold
$222,000
+241.54%
05/24/2011
FMLS

FMLS #4161383

Sold
$65,000

Schools & Community

Elementary school: 

Rock Spring

Middle school: 

Ola

High school: 

Ola

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

$1,845
Asking price
$289,000
Closing costs (~8% of asking)
-$23,120
Est. remaining loan balance
-$264,035
Cash to seller
$1,845

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

Seller’s Loan History

Lender

Pennymac Loan Services

Loan start date

September 2022

Original loan amount

$274,000

Est. remaining balance

$264,035

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Frank Cohran

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?

Status: Active

Tomo last checked: 04/03/2025 at 10:35 PM

Listing updated: 03/28/2025 at 3:35 PM

Listed by: Christi Hutchinson, FIV Realty Co

MLS: GeorgiaMLS #10488538

GeorgiaMLS logo

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