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$1,195,000

Beds
6
Baths
5.5
sq ft
4,604

8305 Beryl Ovlk, Gainesville, GA 30506

8305 Beryl Ovlk

Gainesville, GA 30506

  • 31 days on market
    • Price drop $55,000↓
    • Open house Apr 05
Offered at $150,000 below recent appraisal! Fabulous NEW CONSTRUCTION David Patterson finished basement home with a rare, hard to find deeded boat slip with deep water. Enjoy low maintenance Lake Lanier living with this brand new multigenerational living floor plan complete with a finished basement, including full kitchen and separate laundry room–perfect for in-laws, adult children, and more. The main level offers an expansive chef’s kitchen with a huge island and walk-in pantry. The large kitchen overlooks the spacious dining space and living room. A guest bedroom on the main level is the perfect option for guests or an office. Upstairs you will find three additional bedrooms including one en-suite and a jack and jill bathroom. The primary suite offers an abundance of space including a massive walk-in closet with room for expansion and easy access to the attached laundry room. The finished basement is a dream for entertaining or multi-generational living. With a full kitchen, spacious living area, bedroom with bathroom, separate laundry room, AND a theatre room–what more could you want? Outside you'll find an inviting private backyard overlooking nature. The back patio is the perfect spot to unwind after a long day on the lake, and you’re just a short walk or golf-cart ride away from the community dock. Relax in the hot tub and enjoy nature’s beauty. With a convenient location just minutes away from GA 400, great Forsyth County schools, low Forsyth County taxes, and best of all, right on Lake Lanier, this luxury home in Long Hollow Landing is waiting for you! Priced below appraisal.

Details

Property type

Single Family Residence

Est. home value

$742,287

Lot size

0.80 acres

Price per sq ft

$260

Year built

2023

Annual property taxes

$6,851

HOA fee

$807

Price History

04/03/2025
FMLS

FMLS #7533628

Price change
$1,195,000
-4.4%
03/22/2025
FMLS

FMLS #7533628

Price change
$1,250,000
-2.34%
03/03/2025
FMLS

FMLS #7533628

Listed
$1,280,000

Schools & Community

Elementary school: 

Chestatee

Middle school: 

Little Mill

High school: 

East Forsyth

Community features: 

Lake, 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

$571,136
Asking price
$1,195,000
Closing costs (~8% of asking)
-$95,600
Est. remaining loan balance
-$528,264
Cash to seller
$571,136

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

Seller’s Loan History

Lender

Banksouth Mortgage

Loan start date

January 2024

Original loan amount

$534,600

Est. remaining balance

$528,264

Interest rate

7.03%

Loan type

New Conventional, 30 year

Seller

Stacy Spellman and Vernon Spellman

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: 04/03/2025 at 2:35 PM

Listing updated: 04/03/2025 at 1:15 PM

Listed by: Sarah Maslowski, Keller Williams Realty Atlanta Partners Phone #: (678) 318-5000

MLS: FMLS #7533628

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