tomo logo

$450,000

Beds
1
Baths
1.0
sq ft
920

7715 Midway Rd, Alpharetta, GA 30004

7715 Midway Rd

Alpharetta, GA 30004

  • 42 days on market
Welcome to a once-in-a-lifetime opportunity to create your ideal living space or investment venture in the heart of Alpharetta! This expansive property offers endless possibilities, whether you dream of crafting your own custom home, envision a cozy barndominium retreat, or seek to capitalize on the investment potential by subdividing and building two distinct residences. Nestled in the highly desirable area of Alpharetta, this location combines the tranquility of suburban living with the convenience of urban amenities. Immerse yourself in the vibrant community, renowned for its excellent schools, upscale shopping, dining options, and recreational activities. With ample space and flexibility, this property is a canvas awaiting your creative vision. Build the home you've always dreamed of, complete with personalized features and architectural flair. Or explore the unique charm of a barndominium, blending rustic aesthetics with modern comforts for a truly distinctive living experience. Investors will find immense potential in the opportunity to subdivide the property and develop two separate homes, catering to the growing demand for housing in this coveted area. Whether you choose to build for resale, long-term rental, or multi-generational living, this versatile property promises lucrative returns on investment. Seize this rare chance to shape your future in one of Alpharetta's most sought-after locations. Don't miss out on this incredible opportunity to turn your dreams into reality – schedule a viewing today and unlock the endless possibilities that await!

Details

Property type

Single Family Residence

Est. home value

$311,893

Lot size

1.23 acres

Price per sq ft

$490

Year built

1945

Annual property taxes

$2,444

Price History

05/21/2024
FMLS

FMLS #7390187

Listed
$450,000
05/01/2024
GeorgiaMLS

GeorgiaMLS #10288479

Removed
$450,000
04/26/2024
GeorgiaMLS

GeorgiaMLS #10288479

Listed
$450,000
+53.06%

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

$138,360
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$275,640
Cash to seller
$138,360

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

$275,640

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: 07/02/2024 at 2:35 PM

Listing updated: 06/12/2024 at 9:06 AM

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

MLS: FMLS #7390187

FMLS logo

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