tomo logo

$859,900

Beds
5
Baths
5.5
sq ft
4,640

7840 Scenic Dr, Cumming, GA 30041

7840 Scenic Dr

Cumming, GA 30041

  • 20 days on market
    • Open house Jul 07
Lake life awaits you in this MUST-SEE 5-bed, 4.5-bath retreat in exclusive Breeze Bay on Lake Lanier community! This elegant home features beautiful red oak hardwoods on main level and LVP flooring on terrace level. Cheerful & well-appointed entertainer's kitchen w/granite & double convection ovens make family gatherings & holidays a joy. Storage galore! Enjoy a perfect blend of elegance, comfort, & convenience, worry-free w/ recent upgrades: NEW roof, NEW HVAC, NEW water heater, NEW office windows, and NEW septic field. Enjoy the community dock on sparkling Lake Lanier w/low-cost OPTIONAL HOA. Work, play, and rejuvenate in this sought-after Lake Lanier community. Tax records do not reflect newly completed 5th bedroom and additional half bath.

Details

Property type

Single Family Residence

Est. home value

$746,722

Lot size

0.70 acres

Price per sq ft

$186

Year built

2002

Annual property taxes

$5,586

Monthly HOA fee

$25

Price History

06/20/2024
FMLS

FMLS #7404906

Listed
$859,900
+124.05%
07/31/2014
FMLS

FMLS #5244154

Sold
$383,800

Schools & Community

Elementary school: 

Chattahoochee - Forsyth

Middle school: 

Little Mill

High school: 

East Forsyth

Community features: 

Street Lights

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

$530,906
Asking price
$859,900
Closing costs (~8% of asking)
-$68,792
Est. remaining loan balance
-$260,202
Cash to seller
$530,906

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

Seller’s Loan History

Lender

Navy Federal Credit Union

Loan start date

August 2020

Original loan amount

$334,000

Est. remaining balance

$260,202

Interest rate

2.51%

Loan type

New Conventional, 15 year

Seller

Deborah Riney and Steven D Riney

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: 07/06/2024 at 2:30 AM

Listing updated: 07/05/2024 at 12:45 PM

Listed by: Cheryl Boncimino, BHGRE Metro Brokers Phone #: (404) 843-2500

MLS: FMLS #7404906

FMLS logo

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