tomo logo

$750,000

Beds
7
Baths
6.0
sq ft
3,656

625 Riverside Rd, Sugar Hill, GA 30518

625 Riverside Rd

Sugar Hill, GA 30518

  • 10 days on market
Looking for an EXCELLENT income property? You found it! Generating $6000/month, Corporate tenant lease renews yearly! This gem of a property is tucked away on 1.5 acres in the heart of Sugar Hill. Plenty of privacy and parking for residents and guests. Excellent location! Minutes from Lake Lanier’s East Bank Park, Gary Pirkle Park and the Chattahoochee River. Shopping, dining and commuting are a breeze from this close-in location next to Hwy 20, Suwanee Dam Road and Peachtree Industrial. The original residence is a 3 bedroom/2 bath home with an office/bonus room and showcases updated flooring and paint. The back left side of the main residence features a studio apartment with bathroom and a kitchen with easy access to create a shared space if desired. Recent $100,000 Improvements include Exterior Siding, New paint, Driveway, New plumbing, landscaping, flooring, painting, HVAC units and another Studio Bedroom on the other side of the main house with a full extra bathroom and kitchen, features a wood burning stove, attic access and two private second level porches. New roof!! Upstairs, there is a two-room suite with a compact bathroom and 1 bed/1 bath open suite with a kitchen, living room and dining area.

Details

Property type

Single Family Residence

Est. home value

$765,668

Property condition

Updated/Remodeled

Lot size

1.54 acres

Price per sq ft

$206

Year built

1983

Annual property taxes

$6,630

Price History

06/26/2024
FMLS

FMLS #7398775

Listed
$750,000
-3.81%
11/01/2023
GeorgiaMLS

GeorgiaMLS #10190797

Removed
$779,700
08/10/2023
GeorgiaMLS

GeorgiaMLS #10190797

Listed
$779,700
+136.27%

Schools & Community

Elementary school: 

Sycamore

Middle school: 

Lanier

High school: 

Lanier

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

$385,779
Asking price
$750,000
Closing costs (~8% of asking)
-$60,000
Est. remaining loan balance
-$304,221
Cash to seller
$385,779

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

Seller’s Loan History

Lender

Bridgeway Lending Partners

Loan start date

February 2022

Original loan amount

$320,000

Est. remaining balance

$304,221

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Tam Thi Thanh Huynh

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: 07/06/2024 at 1:45 AM

Listing updated: 07/03/2024 at 2:25 AM

Listed by: Khoa Kevin Do, International Real Estate Dream, LLC. Phone #: (678) 800-8871

MLS: FMLS #7398775

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