tomo logo

$1,400,000

Beds
5
Baths
3.0
sq ft
3,372

8470 Wallace Tatum Rd, Cumming, GA 30028

8470 Wallace Tatum Rd

Cumming, GA 30028

  • 7 days on market
This East facing family compond is now available. Some properties just feel like home the moment you arriveCoand this is one of them. Tucked away on 12+ scenic acres, this stunning estate offers the perfect blend of luxury, tranquility, and outdoor adventure. Whether you're looking to fish in your fully stocked pond, listen to the creek as it winds through the property, or enjoy morning coffee while watching your horses graze, this place has it all. Built in 2017, this 3,272 sq. ft. custom home was designed with both style and relaxation in mind. On the main floor you have some extra space for an office, open concept to the living, dining room and kitchen. The extra long kitchen island is perfect for family gatherings, game night or doing the home work theres plenty of space to cook and entertain. The windows got a grand upgrade with the plantation shutters which brings in the natural light. As you go upstairs the primary suite is to your right and is the kind of retreat you dream of, featuring a spa-like bathroom with a steam shower, jetted tub, double vanity, and a bidet toilet for that extra touch of luxury. In addition to the owners suite there are three additional bedrooms upstairs. The basement is partial finished and has ample room to expand and create your own perfect space. This unique property is more than just a home It's a Lifestyle Love having guests? The charming guest house is a fully functional retreat, complete with its own kitchen, bathroom, living space, and cozy loft bedroom. Whether you're hosting family for the holidays or looking for a potential rental opportunity, this space is a game-changer. If horses are your passion, the 6-stall barn is available and just needs some updates to accommodate, offering plenty of room for your equine companions. And for those who appreciate farm-to-table living, the chicken coop ensures fresh eggs every morning. Peaceful, Private, & Full of Possibilities With rolling pastures, wooded areas, and a gently flowing creek, this property invites you to slow down and enjoy the beauty of nature. Whether you're fishing in the pond, riding your horse through the fields, or simply soaking in the peace and quiet, this is the kind of place that just feels good to call home. Opportunities like this don't come along often! Schedule your private tour today and experience the magic of this one-of-a-kind estate. Developers - The land use for this property is conservation - small tracts. A developer a whileback drew up a sketch to put 18 homes on the land. At the current prices thats $114,472 an acre or $77,777 per house.

Details

Property type

Single Family Residence

Est. home value

$1,036,745

Lot size

12.23 acres

Price per sq ft

$416

Year built

2017

Annual property taxes

$5,757

HOA

No

Price History

03/28/2025
FMLS

FMLS #7533949

Removed
$1,400,000
03/28/2025
FMLS

FMLS #7549248

Listed
$1,400,000
03/03/2025
FMLS

FMLS #7533949

Listed
$1,400,000
+82.05%

Schools & Community

Elementary school: 

Poole's Mill

Middle school: 

Liberty - Forsyth

High school: 

North Forsyth

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

$792,320
Asking price
$1,400,000
Closing costs (~8% of asking)
-$112,000
Est. remaining loan balance
-$495,680
Cash to seller
$792,320

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

Seller’s Loan History

Lender

Radius Financial Group

Loan start date

February 2021

Original loan amount

$548,250

Est. remaining balance

$495,680

Interest rate

2.67%

Loan type

New Conventional, 30 year

Seller

Robert Johnson

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: 04/04/2025 at 3:30 PM

Listing updated: 03/30/2025 at 6:05 AM

Listed by: Brian Powell, Real Broker, LLC. Phone #: (855) 450-0442

MLS: FMLS #7549248

FMLS logo

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