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$1,000,000

Beds
6
Baths
5.0
sq ft
Unknown

5925 Water Mark Dr, Cumming, GA 30040

5925 Water Mark Dr

Cumming, GA 30040

  • 136 days on market
    • Price drop $20,000↓
Nestled in the premier, sought-after neighborhood of Lake Forest, this distinguished residence offers an exceptional blend of luxury, convenience, and entertainment. Residents enjoy exclusive access to a clubhouse, pool, tennis, basketball courts, sand volleyball courts, and a private lake, perfect for active lifestyles. The house itself is a testament to spaciousness and sophistication, featuring a bedroom on the main floor—an ideal arrangement for guests or multi-generational living. The chef's kitchen boasts a huge island, walk-in pantry, and butler pantry, catering effortlessly to culinary enthusiasts. A cozy keeping room off the kitchen boasts a fireplace, creating a warm and inviting atmosphere for intimate gatherings. Additional highlights include fireplaces in both the great room and basement, enhancing the home's ambiance throughout. The primary bedroom is generously sized with a sitting area, complemented by a lavish primary bathroom offering double vanities, a soaking tub, and a separate shower. Entertaining is effortless with a raised bonus room upstairs, a theater room, game room, and a bar in the basement. Outside, the home sits on a considerable-sized corner lot with a natural wooded area, providing privacy and tranquility. A 3-car garage adds convenience and ample storage space. For outdoor enthusiasts, the property is also close to Lake Lanier, offering additional recreational opportunities. Conveniently located near GA 400 and shopping, this home in Lake Forest epitomizes luxurious living with every amenity imaginable.

Details

Property type

Single Family Residence

Est. home value

$946,992

Lot size

0.70 acres

Price per sq ft

Unknown

Year built

2004

Annual property taxes

$8,277

Monthly HOA fee

$106.25

Price History

10/25/2024
FMLS

FMLS #7407003

Price change
$1,000,000
-1.96%
09/06/2024
FMLS

FMLS #7407003

Price change
$1,020,000
-2.86%
08/23/2024
FMLS

FMLS #7407003

Price change
$1,050,000
-4.11%

Schools & Community

Elementary school: 

Coal Mountain

Middle school: 

North Forsyth

High school: 

North Forsyth

Community features: 

Clubhouse, Fishing, Lake, Playground, Pool, Sidewalks, Tennis Court(s)

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

$489,559
Asking price
$1,000,000
Closing costs (~8% of asking)
-$80,000
Est. remaining loan balance
-$430,441
Cash to seller
$489,559

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

Seller’s Loan History

Lender

Quicken Loans

Loan start date

June 2020

Original loan amount

$473,800

Est. remaining balance

$430,441

Interest rate

3.26%

Loan type

New Conventional, 30 year

Seller

Brian Keith Williams and Lydia Kelly Williams

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: 11/05/2024 at 8:30 AM

Listing updated: 10/26/2024 at 10:00 PM

Listed by: Iris Anderson, Fathom Realty GA, LLC Phone #: (888) 455-6040

MLS: FMLS #7407003

FMLS logo

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