tomo logo

$465,000

Beds
5
Baths
3.0
sq ft
2,700

5682 John Burruss Rd, Cumming, GA 30040

5682 John Burruss Rd

Cumming, GA 30040

  • 3 days on market
Great opportunity for main level living Ranch on basement with +/- 1.75 acres. No HOA. Zoned A1. RV, Boat, Camper parking available on the parcel. Main suite with private full bath. 2 additional main level bedrooms share hall bath. Full kitchen, eating area and two separate large living areas. Laundry room, walk-in pantry, and large storage closet. Lower level with 2 bedrooms, full bath, and large den / office. Unfinished portion of basement level appropriate for a workshop. Recent property refresh includes new windows, fresh interior paint, newly refinished wood floors, new kitchen countertops sink, new range, new bedroom windows, new sliding glass doors basement level, septic pumped out and inspected. Utility room with sink for possible lower level kitchen and laundry. Great private location with close access to GA 400 and HWY 20. Close to Lake Lanier and North Georgia mountains. North Forsyth County residence near Dawson County and Hall County. Get away from it all. Surrounded by beautiful farm land and only a few miles from Sawnee Mountain Park hiking and Big Creek Greenway trailhead. Minutes from Central Park off GA 400 exit 17. Only 6 miles to GA 400. Quick drive to hwy 20 and downtown Cumming, GA and Cumming City Center.

Details

Property type

Single Family Residence

Est. home value

$500,903

Lot size

1.75 acres

Price per sq ft

$173

Year built

1960

Annual property taxes

$4,171

HOA

No

Price History

12/17/2024
FMLS

FMLS #7499609

Listed
$465,000
12/11/2024
FMLS

FMLS #7450621

Removed
$465,000
10/26/2024
FMLS

FMLS #7450621

Price change
$465,000
-11.43%

Schools & Community

Elementary school: 

Matt

Middle school: 

Liberty - Forsyth

High school: 

North 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

$179,437
Asking price
$465,000
Closing costs (~8% of asking)
-$37,200
Est. remaining loan balance
-$248,363
Cash to seller
$179,437

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

Seller’s Loan History

Lender

Prosperity Home Mortgage

Loan start date

October 2020

Original loan amount

$273,600

Est. remaining balance

$248,363

Interest rate

2.93%

Loan type

New Conventional, 30 year

Seller

Matthew J Leeman

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: 12/22/2024 at 2:25 PM

Listing updated: 12/20/2024 at 2:40 PM

Listed by: Tricia Williams, Berkshire Hathaway HomeServices Georgia Properties Phone #: (770) 844-8484

MLS: FMLS #7499609

FMLS logo

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