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$349,900

Beds
4
Baths
3.0
sq ft
2,340

5737 Lorraine Dr, Stone Mountain, GA 30087

5737 Lorraine Dr

Stone Mountain, GA 30087

  • 19 days on market
Parkview school district 4-sided brick ranch home. No HOA or rental restrictions. New Floors and double pane windows throughout the house for energy efficiency. 2 car carport at the kitchen level for easy entry. 3 bedroom and 2 bathroom upstairs and unfinished basement with one room and one bathroom.

Details

Property type

Single Family Residence

Est. home value

$322,559

Property condition

Updated/Remodeled

Lot size

0.46 acres

Price per sq ft

$150

Year built

1969

Annual property taxes

$4,344

HOA

No

Price History

02/04/2025
FMLS

FMLS #7519569

Listed
$349,900
+20.66%
07/07/2023
FMLS

FMLS #7234437

Sold
$290,000

Schools & Community

Elementary school: 

Arcado

Middle school: 

Trickum

High school: 

Parkview

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

$94,180
Asking price
$349,900
Closing costs (~8% of asking)
-$27,992
Est. remaining loan balance
-$227,728
Cash to seller
$94,180

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

Seller’s Loan History

Lender

Rocket Mortgage

Loan start date

July 2023

Original loan amount

$232,000

Est. remaining balance

$227,728

Interest rate

6.39%

Loan type

New Conventional, 30 year

Seller

Benjamin R Basnet and Ratna M Magar

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: 02/23/2025 at 10:40 AM

Listing updated: 02/06/2025 at 8:05 AM

Listed by: Benjamin Basnet, Chapman Hall Premier, REALTORS Phone #: (770) 454-7840

MLS: FMLS #7519569

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