tomo logo

$499,900

Beds
3
Baths
3.0
sq ft
2,000

5820 Shady Grove Rd, Cumming, GA 30041

5820 Shady Grove Rd

Cumming, GA 30041

  • 34 days on market
    • Price drop $25,100↓
This home is a complete WIN! Phenomenal Cumming/Lake location with tons of upside. Surrounded by multi-million dollar lakefront homes provides not only a beautiful view for a stroll but also a rare opportunity to own a piece of the lifestyle without the price. Private pool and pool house include a bedroom and bath. Dual driveways attach to a 2 car garage on one side and a storage hanger great for boat or RV storage or convert to your very own workshop/gym. One level living at it's finest with updated features like hardwoods throughout, cozy fireside living room with gorgeous vaulted ceilings, fantastic closets in every room and stellar enclosed sunroom with separate HVAC system perfect for relaxing an entertaining. Spacious three beds and two baths in main house with a huge oversized owner's suite, double vanity and separate shower and soaking tub. Mudroom is generous pantry and laundry right off kitchen and garage perfect drop zone. At just under 3/4 of an acre this property has so much to offer in such wonderfully convenient location. Top ranked schools, 1 mile to public Lake Lanier boat ramp, easy to GA 400, N. GA outlets and tons of shops and restaurants nearby.

Details

Property type

Single Family Residence

Est. home value

$416,804

Lot size

0.65 acres

Price per sq ft

$250

Year built

1994

Annual property taxes

$2,641

Price History

11/15/2024
GeorgiaMLS

GeorgiaMLS #10398898

Price change
$499,900
-4.78%
10/19/2024
GeorgiaMLS

GeorgiaMLS #10398898

Listed
$525,000
+105.08%
03/10/2020
FMLS

FMLS #6676590

Sold
$256,000
+19.07%

Schools & Community

Elementary school: 

Chattahoochee

Middle school: 

Little Mill

High school: 

East 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

$361,144
Asking price
$499,900
Closing costs (~8% of asking)
-$39,992
Est. remaining loan balance
-$98,764
Cash to seller
$361,144

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

Seller’s Loan History

Lender

Georgia United Credit Union

Loan start date

August 2023

Original loan amount

$100,000

Est. remaining balance

$98,764

Interest rate

6.81%

Loan type

New Conventional, 30 year

Seller

Jessica Fountain and Jonathan King

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?

Similar Homes Nearby

FMLS
$525,000
3 bd
|
1.5 ba
|
House

3865 Pilgrim Mill Rd, Cumming, GA 30041

FMLS
$565,000
3 bd
|
3 ba
|
2,912 sq ft
|
House

1930 Ridge Rd, Cumming, GA 30041

Price drop
FMLS
$460,000
3 bd
|
2.5 ba
|
House

3710 Pointe Vecchio Cir, Cumming, GA 30040

Status: Active

Tomo last checked: 11/21/2024 at 11:45 PM

Listing updated: 11/18/2024 at 6:54 AM

Listed by: Christina Rabideaux, Hunter Rae Real Estate

MLS: GeorgiaMLS #10398898

GeorgiaMLS logo

Recently listed in Cumming

$560,000|3 bd|3.0 ba|House
$400,000|3 bd|2.5 ba|House
$679,999|5 bd|4.0 ba|House
$1,141,027|3 bd|3.0 ba|House
$540,000|4 bd|3.5 ba|Townhouse
$889,000|4 bd|3.5 ba|House
$429,900|4 bd|3.0 ba|House
$1,177,000|5 bd|5.0 ba|House
$438,000|4 bd|2.5 ba|House