tomo logo

$363,928Estimated home value

Beds
4
Baths
2.5
sq ft
3,188

7550 Waters Edge Dr, Stone Mountain, GA 30087

7550 Waters Edge Dr

Stone Mountain, GA 30087

  • Sold On 6/23/2023
    • Price drop $10,000↓
This well maintained single family home is a classic beauty! Boasting traditional excellence; upon entry you will be greeted with soaring 2 story ceilings, formal living and dining on each side, an open floor plan, and gleaming hardwood floors. The family room features a stately fireplace and mantle, with bookcases on each side. This room flows right into the kitchen making it easy for the chef of the home to cook for the family or entertain guest at the same time. Just off the garage, there is space for laundry and a mudroom. On the second level you will find the owner's suite with 3 large secondary bedroom where one offers the flexibility for recreational space as well. The owner's suite is a private oasis- offering gorgeous large windows with peaceful views and vaulted ceilings. The owner's bathroom is spacious with its separate vanity sinks, tiled shower and jetted soaking tub. Its large walk in closet has a custom wardrobe unit and is suitable for a robust wardrobe. This home is complete with a deck off the main, a large backyard, and a two car garage. The community is perfect for long walks in morning or in the evenings after work with its side walks and scenic views of the lake and/or water fall. Additionally, there is access to the community swimming pool, tennis courts, and clubhouse. This property says home.

Details

Property type

Single Family Residence

Est. home value

$363,928

Lot size

0.30 acres

Price per sq ft

$115

Year built

1990

Annual property taxes

$5,463

Monthly HOA fee

$120

Price History

03/01/2025
FMLS

FMLS #7445550

Removed
$425,000
08/30/2024
FMLS

FMLS #7445550

Listed
$425,000
+19.72%
06/22/2023
FMLS

FMLS #7186884

Sold
$355,000
+89.84%

Schools & Community

Elementary school: 

Pine Ridge - Dekalb

Middle school: 

Stephenson

High school: 

Stephenson

Community features: 

Clubhouse, Lake, Pool

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

$3,209
Asking price
$365,000
Closing costs (~8% of asking)
-$29,200
Est. remaining loan balance
-$332,591
Cash to seller
$3,209

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

Seller’s Loan History

Lender

Rocket Mortgage

Loan start date

June 2023

Original loan amount

$339,539

Est. remaining balance

$332,591

Interest rate

6.39%

Loan type

FHA, 30 year

Seller

Anil Puthenpurackel and Mary Abraham

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?

Similar Homes Nearby

Price drop
FMLS
$400,000
4 bd
|
2.5 ba
|
2,458 sq ft
|
House

4670 Wynnmeade Ln SW, Lilburn, GA 30047

Price drop
FMLS
$426,000
4 bd
|
2.5 ba
|
House

4570 Thicket Trl, Snellville, GA 30039

Price drop
FMLS
$395,000
4 bd
|
2.5 ba
|
House

3240 Arbor Oaks Dr, Snellville, GA 30039

Status: Off Market

Tomo last checked: 04/02/2025 at 9:40 PM

Listing updated: 06/24/2023 at 2:10 AM

Listed by: Terrica Wright, HomeSmart Phone #: (404) 876-4901

MLS: FMLS #7186884

FMLS logo

Recently listed in Stone Mountain