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$900,000

Beds
5
Baths
3.0
sq ft
3,372

8470 Wallace Tatum Rd, Cumming, GA 30028

8470 Wallace Tatum Rd

Cumming, GA 30028

  • 32 days on market
    • Price drop $400,000↓
Owner/Agent. Large stocked pond with small dock for fishing , pasture and partially wooded in Northwest Forsyth. Built 2017. All engineered hardwood floors and ceramic tile. Property has guest house that is currently rented. Large workshop and barn with stalls and storage. Property boarders Settingdown Creek. Selling home with shop/mother in-law suite and 5 acres m/l.

Details

Property type

Single Family Residence

Est. home value

$1,036,745

Lot size

5.00 acres

Price per sq ft

$267

Year built

2017

Annual property taxes

$8,834.56

Price History

06/27/2024
GeorgiaMLS

GeorgiaMLS #10312117

Price change
$900,000
-30.77%
06/06/2024
GeorgiaMLS

GeorgiaMLS #10312117

Price change
$1,300,000
+18.18%
06/05/2024
GeorgiaMLS

GeorgiaMLS #10312117

Price change
$1,100,000
-15.38%

Schools & Community

Elementary school: 

Poole's Mill

Middle school: 

Liberty

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

$322,421
Asking price
$900,000
Closing costs (~8% of asking)
-$72,000
Est. remaining loan balance
-$505,579
Cash to seller
$322,421

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

$505,579

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: 07/06/2024 at 2:10 AM

Listing updated: 06/30/2024 at 1:10 AM

Listed by: Stephanie Johnson, RS Asset Management

MLS: GeorgiaMLS #10312117

GeorgiaMLS logo

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