tomo logo

$399,900

Beds
3
Baths
2.0
sq ft
1,847

61 Lake Coweta Trl, Newnan, GA 30263

61 Lake Coweta Trl

Newnan, GA 30263

  • <1 day on market
Welcome home to this rare opportunity to have a piece of the Lake Coweta community! This true log cabin is awaiting its next owner. With porches a plenty and a swing to admire the view from your very own lake house. This home features 3 beds, 2 baths, metal roof, 2.75 acres, a barn with power, fenced portion of the backyard, 3 levels with a 2 car garage and a peaceful setting! In addition to that... your very own lake access. Come see it for yourself and Let's get you home!

Details

Property type

Single Family Residence

Est. home value

$405,806

Lot size

2.75 acres

Price per sq ft

$217

Year built

1985

Annual property taxes

$2,815.58

Monthly HOA fee

$98.75

Price History

01/10/2025
GeorgiaMLS

GeorgiaMLS #10438221

Listed
$399,900
+63.89%
09/30/2015
FMLS

FMLS #5585257

Sold
$244,000

Schools & Community

Elementary school: 

Brooks

Middle school: 

Madras

High school: 

Newnan

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

$130,740
Asking price
$399,900
Closing costs (~8% of asking)
-$31,992
Est. remaining loan balance
-$237,168
Cash to seller
$130,740

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

Seller’s Loan History

Lender

Vanderbilt Mortgage

Loan start date

February 2021

Original loan amount

$260,000

Est. remaining balance

$237,168

Interest rate

2.67%

Loan type

New Conventional, 30 year

Seller

Joel Knight

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: 01/10/2025 at 6:05 PM

Listing updated: 01/10/2025 at 1:47 PM

Listed by: Jacob Smith, Keller Williams Realty Atl. Partners

MLS: GeorgiaMLS #10438221

GeorgiaMLS logo

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