tomo logo

$385,000

Beds
4
Baths
3.0
sq ft
Unknown

646 Old Cumming Rd, Sugar Hill, GA 30518

646 Old Cumming Rd

Sugar Hill, GA 30518

  • 36 days on market
INVESTMENT OPPORTUNITY/POSSIBLE COMMERCIAL in the fast growing Sugar Hill. Close to downtown Sugar Hill with tons of shopping and restaurants. Was leased and now vacant due to renovation. Three units were rented separately. Great opportunity for a seasoned investor or a new one. Private showings for qualified buyers.

Details

Property type

Single Family Residence

Est. home value

$386,103

Lot size

0.34 acres

Price per sq ft

Unknown

Year built

1950

Annual property taxes

$1,979

HOA

No

Price History

10/16/2024
FMLS

FMLS #7472537

Listed
$385,000
12/27/2023
FMLS

FMLS #7229839

Removed
$385,000
06/09/2023
FMLS

FMLS #7229839

Listed
$385,000
+670%

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

$275,630
Asking price
$385,000
Closing costs (~8% of asking)
-$30,800
Est. remaining loan balance
-$78,570
Cash to seller
$275,630

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

May 2016

Original loan amount

$96,000

Est. remaining balance

$78,570

Interest rate

3.71%

Loan type

New Conventional, 30 year

Seller

Nicholas Andrew Sapp

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 12:05 PM

Listing updated: 11/13/2024 at 3:18 PM

Listed by: Michael Sapp, Keller Williams Realty Community Partners Phone #: (678) 341-7400

MLS: FMLS #7472537

FMLS logo

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