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$375,000

Beds
3
Baths
2.0
sq ft
Unknown

6200 Holland Cove Rd, Cumming, GA 30041

6200 Holland Cove Rd

Cumming, GA 30041

  • 21 days on market
I know you're sitting there asking yourself, WHY is this home nestled amongst multi-million-dollar homes on a coveted Lake Lanier peninsula with LAKE VIEWS priced so LOW? 6200 Holland Cove Rd is the fixer-upper of your dreams-or nightmares, depending on your renovation skills. This raised ranch-style home is mid-renovation and looking for someone with vision, tools, and maybe a therapy budget. With three bedrooms and two bathrooms for now, it has plans for expansion-whether that expansion is into your heart or your wallet is up to you. Natural light floods the space, highlighting the "potential" and leaving no corner of unfinished drywall unnoticed. Key features include not one, but TWO driveways-perfect for parking your boat, RV, or collection of life choices. There's even an RV cleanout available, because why not? A large covered front porch offers a prime spot to sip coffee and reflect on your decision-making skills while taking in those gorgeous lake views. Location? Oh, it's prime. You're a quick hop to Young Deer and Charleston parks for boat launches and all your favorite Lake Lanier activities. Plus, GA Hwy 400 is just down the road, giving you easy access to shopping, dining, and whatever else you'll need to escape the renovation chaos. The substantial basement has its own driveway, entrance, and garage door, making it perfect for an in-law suite, hobby room, or bunker for hiding from contractors. This home isn't just a project-it's a lifestyle challenge. But for those ready to take it on, 6200 Holland Cove Rd offers an unmatched opportunity to craft a truly custom residence in a highly sought-after area. Bring your vision, your skills, and maybe a little extra cash, and turn this rough-around-the-edges gem into your personal masterpiece. Warning: Side effects may include sweat, splinters, and the occasional existential crisis. But hey, it's Lake Lanier!

Details

Property type

Single Family Residence

Est. home value

$540,673

Lot size

1.09 acres

Price per sq ft

Unknown

Year built

1985

Annual property taxes

$3,518

Price History

11/15/2024
GeorgiaMLS

GeorgiaMLS #10406926

Listed
$375,000
11/13/2024
GeorgiaMLS

GeorgiaMLS #10406926

Pending
$375,000
11/01/2024
GeorgiaMLS

GeorgiaMLS #10406926

Listed
$375,000
+7.14%

Schools & Community

Elementary school: 

Chattahoochee

Middle school: 

Little Mill

High school: 

East Forsyth

Community features: 

None

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

$156,314
Asking price
$375,000
Closing costs (~8% of asking)
-$30,000
Est. remaining loan balance
-$188,686
Cash to seller
$156,314

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

April 2020

Original loan amount

$208,463

Est. remaining balance

$188,686

Interest rate

3.29%

Loan type

New Conventional, 30 year

Seller

Tracy M Smith and Cheryll V Smith

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: 11/22/2024 at 12:20 AM

Listing updated: 11/18/2024 at 6:55 AM

Listed by: Cherie L Edmunds, Century 21 Results

MLS: GeorgiaMLS #10406926

GeorgiaMLS logo

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