tomo logo

$1,200,000

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 $20,000↓
Nestled on 2.94 acres in an exclusive private community, this custom-built ranch-style home offers the perfect blend of privacy and convenience. With only six neighbors in the community, you’ll enjoy seclusion while still being minutes from grocery stores, fine dining, bars, and entertainment. Plus, you're just a short drive from the brand-new Cumming City Center, featuring top-notch restaurants, an outdoor amphitheater, and year-round performances! Interior Features: Spacious primary suite on the main level, along with two additional bedrooms, three bathrooms, and a dedicated home office. A welcoming family room at the heart of the home, leading to an oversized dining area and a spacious chef’s kitchen with white cabinetry, stainless steel appliances, and ample storage. Seamless flow into a cozy keeping room, perfect for relaxation. Fully finished lower level, ideal for an in-law or teen suite, featuring: Two additional bedrooms & a full bathroom Fully equipped bar & second family room with fireplace Media area, home gym & a dedicated theater room Outdoor Oasis: Enjoy lakefront campfires by the stunning private lake. Take a dip in the large gunite pool, surrounded by breathtaking natural beauty. Relax on the covered deck overlooking the private backyard, perfect for entertaining. 3-car garage, large parking pad, and extended driveway for ample parking. This one-of-a-kind home offers luxurious space, privacy, and endless possibilities! Schedule your private tour today and make this dream home yours!

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

$83.33

Price History

02/20/2025
FMLS

FMLS #7524123

Price change
$1,200,000
-1.64%
02/18/2025
FMLS

FMLS #7524123

Price change
$1,220,000
+900%
02/18/2025
FMLS

FMLS #7524123

Price change
$122,000
-89.83%

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

$526,252
Asking price
$1,200,000
Closing costs (~8% of asking)
-$96,000
Est. remaining loan balance
-$577,748
Cash to seller
$526,252

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

$577,748

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: 02/23/2025 at 12:30 PM

Listing updated: 02/20/2025 at 1:30 PM

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

MLS: FMLS #7524123

FMLS logo

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