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$975,000

Beds
3
Baths
2.0
sq ft
Unknown

7430 Wits End Dr, Gainesville, GA 30506

7430 Wits End Dr

Gainesville, GA 30506

  • 8 days on market
Rare 15-acre property located in Forsyth County! Ideal for developers, families, or as a private retreat. Land: Seven buildable acres, four creek-bed acres, and four ridge-top acres. The property includes trails, creeks, and potential for gardens or communal spaces. Existing water features (pond and sculptures) could be restored. House: Modified ranch-style home with high ceilings, multiple porches, a chef's kitchen, a large owner's suite features sitting room, bathroom with separate vanities, and additional bedrooms. Recent upgrades include a new roof, windows, HVAC, plumbing, and electric systems. Amenities: Includes a 16'x16' workshop with electric wiring, fenced area. Utilities include high-speed internet, a well, and a septic system. Development Potential: Previously planned for six homes, with conservation zoning that could be changed. Options for building a family compound, farming, or denser housing (with modifications to access easements). Infrastructure for future building, including electric poles and roads. Ideal for developers or families, this property offers privacy, natural beauty, and flexibility for creative projects.

Details

Property type

Single Family Residence

Est. home value

$615,607

Lot size

15.00 acres

Price per sq ft

Unknown

Year built

1988

Annual property taxes

$678

HOA

No

Price History

12/16/2024
FMLS

FMLS #7497376

Listed
$975,000
+680%
03/28/2016
FMLS

FMLS #5543787

Sold
$125,000
+98.73%
02/12/2010
FMLS

FMLS #4011463

Sold
$62,900
-30.11%

Schools & Community

Elementary school: 

Chestatee

Middle school: 

Little Mill

High school: 

East Forsyth

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

$835,074
Asking price
$975,000
Closing costs (~8% of asking)
-$78,000
Est. remaining loan balance
-$61,926
Cash to seller
$835,074

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

Seller’s Loan History

Lender

Peach State Bank & Trust

Loan start date

February 2018

Original loan amount

$175,000

Est. remaining balance

$61,926

Interest rate

3.38%

Loan type

New Conventional, 10 year

Seller

Tina Trent and Menair Paul Trent

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: 12/22/2024 at 1:45 PM

Listing updated: 12/19/2024 at 10:35 AM

Listed by: Megan Thoroman, Coldwell Banker Realty Phone #: (770) 889-3051

MLS: FMLS #7497376

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