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$2,280,000

Beds
8
Baths
7.5
sq ft
7,118

5735 Archer Ave, Cumming, GA 30041

5735 Archer Ave

Cumming, GA 30041

  • <1 day on market
Enjoy deep water access with two boat slip permits from this like new custom home nestled on the edges of Lake Lanier near Six Mile Creek. Opportunity for a growing family, entering retirement, or looking for multigenerational living quarters. Find yourself traveling or need part time dwelling, store your RV and your boat in the oversized RV garage with two bays. Pull your boat just around the corner to the boat ramp with full access and park at at one of the two slips adjoining the property. Don't worry, you can still park your cars in the other two garage bays. Watch a movie in the home theater serviced by the built in whole home sonos stereo system. Morning coffee on the lower deck looking over the saltwater pool and spa with lake views. The main level hosts a large open kitchen and living space with a half bath. Up one level to the primary suite with high vaulted tongue and groove ceilings and expansive views of the lake from your private covered balcony. The primary bathroom offers an oversized walk-in shower and garden tub with dual control temps and four shower heads. Dual vanity sinks with an additional powder room and storage. Check out the 20" x 15" custom closet. Upstairs is full Mother-In-Law suite with exterior and interior entry. With full kitchen, two bathrooms and two additional bedrooms this is perfect for a live-in care taker or giving a little more space for a growing family. Down stairs is another full In-law suite with separate laundry facility, kitchenette and space to grow, still offering lake views. Check out the swim up bar in the salt water pool. The outdoor kitchen offers a commercial grade pizza oven, stainless grill and green egg. Grab a drink and sit by the built in fire pit as the sun goes down on the water. Take a short walk to the guest house featuring 1500 ft of privacy. Panoramic floor to ceiling windows fill this space with light and what it is to live life on the lake. Granite counters, large kitchen island, spacious walk in shower and full access to all the amenities. This home sits on Deep water with the rarity of boat slip permits and Boat ramp access. Salt Water pool and spa, Outdoor kitchen, home theater, 4 garage bays, sonos stereo, 12 camera security system, 3 zone climate control, guest cottage, and two additional in-law suites.

Details

Property type

Single Family Residence

Est. home value

$1,879,153

Lot size

0.69 acres

Price per sq ft

$321

Year built

2016

Annual property taxes

$15,630.97

HOA

No

Price History

03/12/2025
GeorgiaMLS

GeorgiaMLS #10476952

Listed
$2,280,000
-8.8%
08/07/2024
FMLS

FMLS #7350406

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

FMLS #7350406

Price change
$2,500,000
-7.41%

Schools & Community

Elementary school: 

Chattahoochee

Middle school: 

Little Mill

High school: 

North Forsyth

Community features: 

Lake

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

$1,646,072
Asking price
$2,280,000
Closing costs (~8% of asking)
-$182,400
Est. remaining loan balance
-$451,528
Cash to seller
$1,646,072

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

$451,528

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: Active

Tomo last checked: 03/13/2025 at 12:50 AM

Listing updated: 03/12/2025 at 3:36 PM

Listed by: Betsey Davis, Jim Hadden Real Estate

MLS: GeorgiaMLS #10476952

GeorgiaMLS logo

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