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$1,609,889Estimated home value

Beds
5
Baths
4.5
sq ft
5,726

6354 Old Shadburn Ferry Rd, Buford, GA 30518

6354 Old Shadburn Ferry Rd

Buford, GA 30518

  • Sold On 9/13/2024
Freshly painted, this beautiful lake home is ready for summertime fun! Rare opportunity to live on the south side of Lake Lanier on one of the most desired lake streets! This 1.17 acre property is every lake lover’s dream. Spend your time at the lake enjoying the new double slip dock with party deck on top! Dock has electricity and water, and both bays include boat lifts. What makes this property so unique is that the permit includes a permitted gravel driveway to get down to the dock! You can drive down and load/unload everything you need to enjoy your lake days. The long extended driveway on the property plus the extended driveway to the dock makes it a perfect place to entertain, and there is parking even for a large party! In addition to the dock, the property also includes a grandfathered boathouse with a hoist & boat ramp and plenty of storage for all of your lake gear! The Dock permit also includes a permit to mow, so you have permission from the Corps of Engineers to keep the grass area down to the dock neatly landscaped! Fondly referred to as "Turtle Cove", the dock is in a secluded cove right off the main channel and perfect for swimming and paddle boarding! Yet, you go to the entrance of the cove and can watch the fireworks display each weekend from Margaritaville which is right across the main channel! A massive front yard and fenced backyard provide all the outdoor fun that you could want at the lake and is perfect for kids and pets! The home features Master on the Main floor plan, high ceilings, dramatic double sided fireplace and open kitchen and living areas! In 2020, the Sellers expanded the back deck to be the full length of the home and fully enclosed the space to be a heated and cooled, a year round room! The retractable windows can open or close depending on what is needed for the season. The gas grill has a vent above it, so grilling is a breeze, and the outdoor room increases the dining and living space of the home! The three large guest bedrooms upstairs have large closets, and in addition there are two full bathrooms upstairs. The fully finished basement is set up for both extra bedroom options and entertaining! There is a wet bar area, billiards space, a bedroom, 2nd bedroom or office space, full bathroom and a space finished out as a home gym! The lower patio includes plenty of seating space, a hot tub, and an outdoor shower perfect to use when coming back from the lake! Incredible opportunity to expand, the property includes two separate lots/tax parcels, so you could use the front lot to build a pool house & pool, guest house or other structure! Brand new Architectural Shingle Roof! A central location to Buford and Sugar Hill along with being a short boat ride away from Lake Lanier Islands/Margaritaville and other lake restaurants is exactly why this property is so desirable. Ideal for a Primary home or a weekend getaway from the city! Seller is open to owner financing.

Details

Property type

Single Family Residence

Est. home value

$1,609,889

Lot size

1.17 acres

Price per sq ft

$383

Year built

2007

Annual property taxes

$24,740

Price History

09/12/2024
FMLS

FMLS #7397710

Sold
$1,891,000
-13.65%
08/13/2024
FMLS

FMLS #7397710

Pending
$2,190,000
06/04/2024
FMLS

FMLS #7397710

Listed
$2,190,000
-6.81%

Schools & Community

Elementary school: 

White Oak - Gwinnett

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

$1,716,802
Asking price
$2,190,000
Closing costs (~8% of asking)
-$175,200
Est. remaining loan balance
-$297,998
Cash to seller
$1,716,802

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

Seller’s Loan History

Lender

Fairway Independent Mortgage

Loan start date

May 2018

Original loan amount

$338,000

Est. remaining balance

$297,998

Interest rate

4.44%

Loan type

New Conventional, 30 year

Seller

Matthew Carter

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: Off Market

Tomo last checked: 10/04/2024 at 11:30 PM

Listing updated: 09/13/2024 at 8:49 PM

Listed by: Ashley Walter, Coldwell Banker Realty Phone #: (770) 889-3051

MLS: FMLS #7397710

FMLS logo

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