tomo logo

$525,000

Beds
3
Baths
2.0
sq ft
1,753

587 East Ave, Madison, GA 30650

587 East Ave

Madison, GA 30650

  • 12 days on market
Welcome to a place that feels like home from the moment you step onto the covered front porch. This 3-bedroom, 2-bathroom brick ranch sits on a generous 0.49-acre lot that's just waiting for your personal touch. Inside, the living room beckons with its beautiful brick fireplace-a perfect spot to gather around on chilly evenings. The dining room is a sun-soaked delight, surrounded by windows and opening right into the spacious sunroom. Vaulted ceilings and a gentle breeze from the ceiling fan make this space an everyday retreat. The backyard is a peaceful haven, ideal for a flourishing garden or a lazy afternoon nap in a hammock. And with a handy storage shed, you've got all the space you need for tools and treasures. Living here means embracing the charm of a true community. This sought after community is just a half-mile stroll to Madison's Town Square, where local shops, delicious dining, and friendly faces are always close by. Come discover Madison, GA where the living is easy! This home is ready for its next chapter-maybe it's yours!

Details

Property type

Single Family Residence

Est. home value

$430,436

Lot size

0.49 acres

Price per sq ft

$300

Year built

1963

Annual property taxes

$3,693.2

HOA

No

Price History

03/21/2025
GeorgiaMLS

GeorgiaMLS #10483858

Listed
$525,000
+20.69%
02/08/2023
GeorgiaMLS

GeorgiaMLS #20103001

Sold
$435,000
+22.54%
01/28/2022
GeorgiaMLS

GeorgiaMLS #20008516

Sold
$355,000
+39.22%

Schools & Community

Elementary school: 

Morgan County Primary/Elementa

Middle school: 

Morgan County

High school: 

Morgan County

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

$122,557
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$360,443
Cash to seller
$122,557

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

Seller’s Loan History

Lender

Fairway Independent Mortgage

Loan start date

February 2023

Original loan amount

$369,750

Est. remaining balance

$360,443

Interest rate

6.27%

Loan type

New Conventional, 30 year

Seller

John J Stevens and Josephine Stevens

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: 04/03/2025 at 1:30 PM

Listing updated: 03/28/2025 at 10:45 PM

Listed by: Rhonda Smith, Keller Williams Lake Oconee

MLS: GeorgiaMLS #10483858

GeorgiaMLS logo

Recently listed in Madison

$1,200,000|3 bd|3.5 ba|House
$795,000|4 bd|3.0 ba|House
$479,000|4 bd|3.0 ba|House
$1,149,999|5 bd|3.0 ba|House
$448,000|2 bd|3.5 ba|House
$525,000|3 bd|2.0 ba|House
$979,000|3 bd|2.5 ba|House
$265,000|2 bd|1.0 ba|House
$875,000|5 bd|4.0 ba|House