tomo logo

$398,500

Beds
2
Baths
2.5
sq ft
Unknown

6400 Highway 20 S, Covington, GA 30016

6400 Highway 20 S

Covington, GA 30016

  • 96 days on market
    • Price drop $16,500↓
Discover this charming four-sided brick ranch on a private 7.5-acre lot along Highway 20. The home features a welcoming covered front porch and an open floor plan with a bright white kitchen. It includes granite countertops, farmhouse sink, stainless steel appliances, ample pantry space, and a cozy breakfast area. The inviting great room includes a wall of windows, a brick wall and wood-burning stove insert. The spacious primary bedroom features large windows, a ceiling fan, a walk-in closet, and a private bathroom with granite countertops and tiled flooring. A generously sized secondary bedroom is currently used for storage. The updated guest bathroom has tiled flooring and a solid surface countertop. The versatile sunroom, with hardwood flooring, can serve as a dining room or office. Enjoy outdoor living on the large covered deck with views of the serene, wooded backyard. The full, unfinished basement is ready for your touch and includes laundry facilities and a half bathroom. The property also features a fenced 7.5-acre lot with cleared space for potential development. A barn (approximately 30 x 57) can accommodate 1-2 horses, and the property includes fig trees, black walnut trees, muscadine vines, and a creek that could be transformed into a lovely pond. Built in 1983, this solid 4 sided brick home has great potential with a bit of TLC. Located just 15 minutes from I-20, it’s a unique opportunity to create your ideal living space on this beautiful piece of land. Do not miss out!

Details

Property type

Single Family Residence

Est. home value

$374,415

Lot size

7.55 acres

Price per sq ft

Unknown

Year built

1983

Annual property taxes

$2,832

HOA

No

Price History

11/07/2024
FMLS

FMLS #7432378

Price change
$398,500
-3.98%
09/08/2024
FMLS

FMLS #7432378

Price change
$415,000
-4.6%
08/08/2024
FMLS

FMLS #7432378

Listed
$435,000
+27.94%

Schools & Community

Elementary school: 

Oak Hill

Middle school: 

Veterans Memorial - Newton

High school: 

Alcovy

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

$61,409
Asking price
$398,500
Closing costs (~8% of asking)
-$31,880
Est. remaining loan balance
-$305,211
Cash to seller
$61,409

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

Seller’s Loan History

Lender

Equity Prime Mortgage

Loan start date

April 2022

Original loan amount

$320,000

Est. remaining balance

$305,211

Interest rate

3.89%

Loan type

New Conventional, 30 year

Seller

Kimberly Shirell Sharp

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: 11/12/2024 at 5:30 PM

Listing updated: 11/07/2024 at 2:15 PM

Listed by: Stephanie Williams, Compass Phone #: (404) 668-6621

MLS: FMLS #7432378

FMLS logo

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