tomo logo

$275,000

Beds
3
Baths
2.0
sq ft
1,429

8421 Highway 98 W, Commerce, GA 30530

8421 Highway 98 W

Commerce, GA 30530

  • Pending
    • Price drop $10,000↓
Charming 3-Bedroom Home on 2 Private Acres Looking for privacy and space? This updated 3-bedroom, 2-bathroom home on 2 acres offers just that! Recently updated in 2021, the home features a modern kitchen, refreshed bathrooms, and beautiful hardwood floors throughout. The expansive living room is perfect for relaxing and includes a cozy wood-burning stove to keep you warm during those chilly winter months. Enjoy the outdoors with a large, fully fenced backyard, complete with a fenced-in dog kennel—perfect for your pets! The property is just a short 10-minute drive to downtown Commerce, 15 minutes to Tanger Outlets, and only 30 minutes to Athens/UGA. With plenty of space and privacy, this home is a true retreat!

Details

Property type

Single Family Residence

Est. home value

$258,314

Lot size

2.00 acres

Price per sq ft

$193

Year built

1970

Annual property taxes

$1,696

HOA

No

Price History

02/22/2025
FMLS

FMLS #7510051

Pending
$275,000
02/05/2025
FMLS

FMLS #7510051

Price change
$275,000
-3.51%
01/22/2025
FMLS

FMLS #7510051

Listed
$285,000
+46.15%

Schools & Community

Elementary school: 

Ila

Middle school: 

Madison County

High school: 

Madison County

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

$68,562
Asking price
$275,000
Closing costs (~8% of asking)
-$22,000
Est. remaining loan balance
-$184,438
Cash to seller
$68,562

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

Seller’s Loan History

Lender

Freedom Mortgage

Loan start date

April 2021

Original loan amount

$202,020

Est. remaining balance

$184,438

Interest rate

2.73%

Loan type

VA, 30 year

Seller

Dwayne Long and Teresa Long

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: Pending/Under Contract

Tomo last checked: 02/24/2025 at 6:30 AM

Listing updated: 02/22/2025 at 6:20 PM

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

MLS: FMLS #7510051

FMLS logo

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