tomo logo

$389,999

Beds
1
Baths
1.0
sq ft
Unknown

7715 Midway Rd, Alpharetta, GA 30004

7715 Midway Rd

Alpharetta, GA 30004

  • 185 days on market
    • Price drop $1↓
Welcome to Your Dream Renovation Opportunity in the Heart of Alpharetta! Here is your chance to transform this expansive property into the perfect custom home or investment venture—with the added benefit of being ideal for a renovation loan. Whether you're seeking a luxurious personalized retreat, a unique barndominium, or the potential to build multiple residences, the possibilities are endless! Nestled in one of Alpharetta's most desirable areas, this property offers the serenity of suburban living with easy access to upscale shopping, dining, top-rated schools, and recreational activities. Imagine creating a custom home with all the high-end features you desire, or opting for the modern rustic charm of a barndominium that blends farmhouse style with contemporary comfort. For savvy investors, this property presents significant potential with the option to subdivide and build two distinct homes. The growing demand for quality housing in Alpharetta makes this an incredible opportunity to maximize returns—whether for resale, long-term rentals, or multi-generational living. With the availability of a renovation loan, you have the perfect financial tool to turn this property into a stunning masterpiece or a highly profitable investment. Don’t miss out on this rare opportunity in a sought-after location—schedule a viewing today and start shaping your vision!

Details

Property type

Single Family Residence

Est. home value

$311,893

Lot size

1.23 acres

Price per sq ft

Unknown

Year built

1945

Annual property taxes

$2,444

HOA

No

Price History

11/06/2024
FMLS

FMLS #7390187

Price change
$389,999
09/24/2024
FMLS

FMLS #7390187

Price change
$390,000
-2.26%
08/28/2024
FMLS

FMLS #7390187

Price change
$399,000
-11.33%

Schools & Community

Elementary school: 

Free Home

Middle school: 

Creekland - Cherokee

High school: 

Creekview

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

$85,181
Asking price
$389,999
Closing costs (~8% of asking)
-$31,200
Est. remaining loan balance
-$273,618
Cash to seller
$85,181

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 Bay Mortgage

Loan start date

May 2022

Original loan amount

$285,180

Est. remaining balance

$273,618

Interest rate

4.67%

Loan type

New Conventional, 30 year

Seller

Selena Millares

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 4:05 PM

Listing updated: 11/06/2024 at 10:40 AM

Listed by: Joseph Benedetto, Keller Williams Realty Community Partners Phone #: (678) 341-7400

MLS: FMLS #7390187

FMLS logo

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