tomo logo

$199,000

Beds
2
Baths
2.0
sq ft
1,373

5980 Sherwood Trce, Lithonia, GA 30038

5980 Sherwood Trce

Lithonia, GA 30038

  • 56 days on market
**Charming 2-Bedroom Home in Lithonia - Ideal for Investors or Renters!** Welcome to 5890 Sherwood Trace, a well-maintained and spacious 2-bedroom, 2-bathroom home located in the heart of Lithonia. This lovely property offers 1,373 sq. ft.of living space, featuring an open floor plan with a bright and airy living room, a cozy fireplace, and a large kitchen with plenty of cabinet space. The primary suite includes an en-suite bathroom with a garden tub and walk-in closet. At the same time, the additional bedroom provides privacy and accessibility on the main level The fenced backyard and large deck are perfect for outdoor activities and gatherings. Located in a quiet neighborhood with no HOA restrictions, this home is perfect for investors seeking a rental opportunity or families looking for a comfortable and affordable place to live. Conveniently located near I-20, shopping centers,schools, and parks, this property combines convenience and comfort in one. Don't miss out on this excellent investment or rental opportunity!

Details

Property type

Townhouse

Est. home value

$183,663

Lot size

8,712 sq ft

Price per sq ft

$145

Year built

1998

Annual property taxes

$3,570

HOA

No

Price History

10/23/2024
FMLS

FMLS #7458809

Listed
$199,000
10/14/2024
FMLS

FMLS #7458809

Pending
$199,000
09/19/2024
FMLS

FMLS #7458809

Listed
$199,000

Schools & Community

Elementary school: 

Fairington

Middle school: 

Redan

High school: 

Miller Grove

Community features: 

None

Number of units in community: 

1

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

$144,790
Asking price
$199,000
Closing costs (~8% of asking)
-$15,920
Est. remaining loan balance
-$38,290
Cash to seller
$144,790

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

Seller’s Loan History

Lender

Resmac

Loan start date

April 2018

Original loan amount

$43,500

Est. remaining balance

$38,290

Interest rate

4.46%

Loan type

New Conventional, 30 year

Seller

Ronica Brown and Sibdhannie Eryk Brown

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: 11/13/2024 at 10:55 PM

Listing updated: 10/23/2024 at 2:01 PM

Listed by: Allison Ambrose, ARG Realty & Property Management Phone #: (866) 919-5253

MLS: FMLS #7458809

FMLS logo

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