tomo logo

$1,399,900

Beds
5
Baths
4.0
sq ft
Unknown

6740 Mountain Lake Ln, Cumming, GA 30028

6740 Mountain Lake Ln

Cumming, GA 30028

  • 11 days on market
    • Price drop $50,000↓
Beautiful CUSTOM-BUILT RANCH style home on 2.94 acres! Primary bedroom is conveniently located on the main level, along with two additional bedrooms, three bathrooms, and a home office. The home also boasts a fully finished basement, perfect for extended family or guests. Upon entering, you'll be greeted by a welcoming family room at the heart of the home. Oversized dining room and spacious chef's kitchen, complete with white cabinetry, stainless steel appliances, ample storage, and you'll flow seamlessly into a cozy keeping room. The finished lower level includes two bedrooms, bathroom, fully equipped bar, second family room with fireplace, media area, home gym, and a theater room, making it ideal for an in-law or teen suite. Outdoors, you'll find a STUNNING LAKE where you can enjoy lakefront campfires with friends and family. In addition, the large GUNITE POOL is perfect for enjoying the natural beauty around you. Relax on the covered deck overlooking the private backyard, which offers plenty of space for entertaining in this private community. Schedule your showing today to see to see this amazing home! Newer roof, two brand new AC systems (Large in-ground propane tank if you ever wanted to use it), and over $220,000 in finishing the basement! New Cumming City Center right around the corner with many shops and restaurants!

Details

Property type

Single Family Residence

Est. home value

$930,364

Lot size

2.94 acres

Price per sq ft

Unknown

Year built

1999

Annual property taxes

$9,722

Monthly HOA fee

$50

Price History

11/19/2024
FMLS

FMLS #7481751

Price change
$1,399,900
-3.45%
11/10/2024
FMLS

FMLS #7481751

Listed
$1,449,900
+0.06%
11/02/2024
FMLS

FMLS #7479595

Removed
$1,449,000

Schools & Community

Elementary school: 

Matt

Middle school: 

Liberty - Forsyth

High school: 

West Forsyth

Community features: 

Lake

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

$706,673
Asking price
$1,399,900
Closing costs (~8% of asking)
-$111,992
Est. remaining loan balance
-$581,235
Cash to seller
$706,673

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

Seller’s Loan History

Lender

Atlantic Home Mortgage

Loan start date

December 2021

Original loan amount

$619,000

Est. remaining balance

$581,235

Interest rate

2.98%

Loan type

New Conventional, 30 year

Seller

Richard James Nasser

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: 11/21/2024 at 11:30 PM

Listing updated: 11/19/2024 at 3:49 PM

Listed by: Fred Mcgill Jr, Simple Showing, Inc. Phone #: (470) 946-6499

MLS: FMLS #7481751

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