tomo logo

$579,900

Beds
4
Baths
5.0
sq ft
Unknown

601 Ridgewood Ave, Gainesville, GA 30501

601 Ridgewood Ave

Gainesville, GA 30501

  • 71 days on market
    • Price drop $19,100↓
Historic Charmer Close to Everything in Gainesville. Welcome to this remarkable 4-bedroom, 5-bathroom residence that could serve several buyers from those looking for a single-family home, multi-generational home, home with investment opportunities built-in, or investors looking for a gem! The home is ideally situated near revitalized and vibrant downtown Gainesville. This historic home features a main-level principal suite complete with a cozy sitting area and two private bathrooms, perfect for relaxation and privacy. Entertain guests in the expansive formal dining room, or unwind in the den and sunroom, both located on the main floor. Upstairs there is a great teen-ager suite with sitting area, bedroom and bathroom lit from beautiful skylights to provide wonderful natural light for the area. Enjoy outdoor living with a grilling porch located near the kitchen, and a second terrace level that opens off the large den. Experience city living at its finest - without the burden of HOA fees - while enjoying a beautifully maintained neighborhood. You are close to everything downtown, local parks and Lake Lanier. Key updates on the home include a lifetime roof and HVAC system installed in 2021. The plumbing was also updated and features five new low-flow toilets. The home boasts significant energy upgrades, including an energy audit that resulted in additional insulation and a tankless hot water heater. It was the only local residence to win the Federal Green Grant in 2013. The basement was recently remodeled and includes luxury vinyl tile floors and includes a second kitchen and theatre room. The additions and updates make the total living space deceiving. In addition to the spacious interior, there is approximately 2500 square feet of exterior space across the many porches and decks. This charmer is an entertainer's dream. The home is not only spacious but can be designed for multi-generational living. The lower level features a full kitchen, living space, two bedrooms, two bathrooms and a theatre room which could also double as a fifth bedroom/flex room. This level also features its own parking and separate entrances, making it ideal for short-term or long-term rental income. However, location is the key to real estate and this one can't be beat. Enjoy the square, where a variety of restaurants, bars, and family-friendly activities abound year-round. Additionally, a free trolley operates Thursday through Saturday nights. Don't miss the chance to experience the charm and convenience of this rare opportunity. Close enough to work in Atlanta but far enough away to live in a small city and enjoy lake life in the country. Schedule your showing today. Consistently ranked as one of the best small cities in the Nation, this Gainesville home is priced to sell and won't last long.

Details

Property type

Single Family Residence

Est. home value

$476,637

Lot size

0.32 acres

Price per sq ft

Unknown

Year built

1951

Annual property taxes

$659

HOA

No

Price History

03/18/2025
FMLS

FMLS #7511396

Price change
$579,900
-3.19%
01/23/2025
FMLS

FMLS #7511396

Listed
$599,000
+0.67%
11/16/2024
FMLS

FMLS #7425354

Removed
$595,000

Schools & Community

Elementary school: 

Centennial Arts Academy

Middle school: 

Gainesville West

High school: 

Gainesville

Community features: 

None

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Connexus Cu

Loan start date

December 2012

Original loan amount

$165,000

Est. remaining balance

$116,952

Interest rate

3.41%

Loan type

New Conventional, 30 year

Seller

Alva Drane Watson and Juliet Gail Watson

Lender

Connexus Cu

Loan start date

December 2012

Original loan amount

$165,000

Est. remaining balance

$116,952

Interest rate

3.41%

Loan type

New Conventional, 30 year

Seller

Alva Drane Watson and Juliet Gail Watson

Lender

Regions Mortgage

Loan start date

July 2009

Original loan amount

$175,000

Est. remaining balance

Not provided

Interest rate

4.91%

Loan type

Stand Alone Second, 30 year

Seller

Alva D Iv Watson and Juliet G Watson

Lender

Regions Mortgage

Loan start date

July 2009

Original loan amount

$175,000

Est. remaining balance

Not provided

Interest rate

4.91%

Loan type

Stand Alone Second, 30 year

Seller

Alva D Iv Watson and Juliet G Watson

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

New
FMLS
$498,500
4 bd
|
3.5 ba
|
House

3805 Hardy Rd, Gainesville, GA 30506

FMLS
$629,000
4 bd
|
3 ba
|
House

2069 Riverwood Dr, Gainesville, GA 30501

FMLS
$629,000
4 bd
|
3 ba
|
2,364 sq ft
|
House

429 Dixon Dr, Gainesville, GA 30501

Status: Active

Tomo last checked: 04/04/2025 at 7:40 AM

Listing updated: 03/23/2025 at 4:16 PM

Listed by: Michael Schultz, Atlanta Fine Homes Sotheby's International Phone #: (770) 442-7300

MLS: FMLS #7511396

FMLS logo

Recently listed in Gainesville