tomo logo

$499,000

Beds
2
Baths
2.5
sq ft
Unknown

7590 Fields Dr, Cumming, GA 30041

7590 Fields Dr

Cumming, GA 30041

  • 7 days on market
Rare Lake Lanier Find on Young Deer Cove—No HOA, Investor-Friendly, and Priced to Sell! This lakefront property is a gem for investors or anyone seeking an affordable home on Lake Lanier! Located in the desirable Young Deer Cove area and within the highly sought-after North Forsyth school district, this home offers direct lake access at a rare price, while neighboring homes are in a much higher price range. The kitchen and upstairs bathrooms have already been updated, leaving only minor touch-ups for you to make this property your own. The open and sunlit living room provides stunning lake views and is complete with a cozy fireplace. Enjoy morning coffee or evening sunsets in the spacious owner’s suite, also overlooking the lake. The finished basement includes a full bathroom and can be customized as an additional bedroom, living space, or whatever suits your needs. A large two-car garage, previously used as a workshop, offers extra space and endless potential. Lakefront properties in this area at this price are truly rare. Don’t miss your chance—schedule a tour today and start envisioning your life by the lake!

Details

Property type

Single Family Residence

Est. home value

$443,002

Lot size

0.36 acres

Price per sq ft

Unknown

Year built

1997

Annual property taxes

$3,444

HOA

No

Price History

11/14/2024
FMLS

FMLS #7484949

Listed
$499,000
+200.78%
09/21/2012
FMLS

FMLS #5047090

Sold
$165,900

Schools & Community

Elementary school: 

Chattahoochee - Forsyth

Middle school: 

North Forsyth

High school: 

North 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

$391,831
Asking price
$499,000
Closing costs (~8% of asking)
-$39,920
Est. remaining loan balance
-$67,249
Cash to seller
$391,831

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

Seller’s Loan History

Lender

Wells Fargo

Loan start date

October 2019

Original loan amount

$75,000

Est. remaining balance

$67,249

Interest rate

3.6%

Loan type

New Conventional, 30 year

Seller

Diane B Coleman

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 12:15 AM

Listing updated: 11/19/2024 at 4:40 PM

Listed by: Logan Holcomb, Berkshire Hathaway HomeServices Georgia Properties Phone #: (770) 973-8822

MLS: FMLS #7484949

FMLS logo

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