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$1,879,153Estimated home value

Beds
6
Baths
6.5
sq ft
6,118

5735 Archer Ave, Cumming, GA 30041

5735 Archer Ave

Cumming, GA 30041

  • Off market
    • Price drop $200,000↓
Custom Dream Lake Retreat with Guest House Villa! 2 Separate Permitted Boat Docks and Boat Launch Access! Must-See Resort Style Lake Home. Beautiful Oasis Backyard with Hard Scape Rock and Pavers Surrounding Large In-Ground Pool, Infinity Hot Tub, and 2 Hard Lined Fire Urns. Separate Pool Cabana Villa Home could be a Complete Secondary Residence boasting a Large Kitchen, Large Living Room, Full Bed and Bath, and it's own Laundry. Cedar and Rock Construction with Stone and Pine Flooring, Casement Windows, and High Ceilings. Located on the South End of Lake Lanier with Water Views from Windows, Decks, and Patios. Deep Water Cove with average 30 foot Water Depth. Massive Insulated Garage with Room for a Full Size RV, Trailered Boat, Car Lifts, Plus Hundreds of Square Feet of Outdoor Paved Parking. 2 Docks, one 32x32 and the other, 18x18, are Included with Purchase. High Efficiency Systems Including Tankless Water Heater and Sonos Throughout both Interior and Exterior. Built With All Fine Finishes and Custom Features in an Upscale Lake Area. You will Love the Neighbors!

Details

Property type

Single Family Residence

Est. home value

$1,879,153

Lot size

0.69 acres

Price per sq ft

$409

Year built

2017

Annual property taxes

$12,507

Price History

08/07/2024
FMLS

FMLS #7350406

Removed
$2,500,000
07/24/2024
FMLS

FMLS #7350406

Price change
$2,500,000
-7.41%
06/21/2024
FMLS

FMLS #7350406

Price change
$2,700,000
-9.85%

Schools & Community

Elementary school: 

Chattahoochee - Forsyth

Middle school: 

Little Mill

High school: 

North Forsyth

Community features: 

Fishing, Lake, Street Lights

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

$1,845,363
Asking price
$2,500,000
Closing costs (~8% of asking)
-$200,000
Est. remaining loan balance
-$454,637
Cash to seller
$1,845,363

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

Seller’s Loan History

Lender

Pnc Bank

Loan start date

February 2021

Original loan amount

$480,000

Est. remaining balance

$454,637

Interest rate

2.65%

Loan type

New Conventional, 40 year

Seller

Susan Podray Donovan and Jonathan Donovan

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: Off Market

Tomo last checked: 10/04/2024 at 10:55 PM

Listing updated: 07/24/2024 at 5:55 PM

Listed by: Kimberly Yates, Yates Estates Phone #: (877) 393-0024

MLS: FMLS #7350406

FMLS logo

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