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$485,000

Beds
3
Baths
2.0
sq ft
2,123

7600 Fields Dr, Cumming, GA 30041

7600 Fields Dr

Cumming, GA 30041

  • 66 days on market
    • Price drop $10,000↓
Discover your ideal lakeside retreat with this exceptional lakefront home on Lake Lanier. Enjoy direct lake access for fishing, boating, kayaking, and swimming right from your backyard. The large, level backyard is perfect for camping and outdoor fun, complemented by a spacious back deck ideal for entertaining and taking in breathtaking sunset views over the North Georgia mountains. Located near Northside Hospital and close to Highway 400, this property offers convenience without sacrificing tranquility. With plenty of parking and no HOA, you’ll have the freedom to make this home uniquely yours. Don’t miss this opportunity to own a piece of paradise—schedule your tour today!

Details

Property type

Single Family Residence

Est. home value

$531,438

Lot size

0.43 acres

Price per sq ft

$229

Year built

1985

Annual property taxes

$4,451

HOA

No

Price History

11/19/2024
FMLS

FMLS #7438323

Price change
$485,000
-2.02%
10/21/2024
FMLS

FMLS #7438323

Price change
$495,000
-2.94%
10/07/2024
FMLS

FMLS #7438323

Price change
$510,000
-3.76%

Schools & Community

Elementary school: 

Chattahoochee - Forsyth

Middle school: 

Little Mill

High school: 

Forsyth Central

Community features: 

Fishing, Lake, Park

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

$120,499
Asking price
$485,000
Closing costs (~8% of asking)
-$38,800
Est. remaining loan balance
-$325,701
Cash to seller
$120,499

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

Seller’s Loan History

Lender

Shelter Home Mortgage

Loan start date

July 2021

Original loan amount

$351,050

Est. remaining balance

$325,701

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Marilee Jennifer Ferrante and James Francis Ferrante

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 6:30 AM

Listing updated: 11/19/2024 at 8:55 AM

Listed by: Mark Spain, Mark Spain Real Estate Phone #: (770) 886-9000

MLS: FMLS #7438323

FMLS logo

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