tomo logo

$1,459,999

Beds
3
Baths
3.5
sq ft
3,500

8505 Lake Hollow Dr, Gainesville, GA 30506

8505 Lake Hollow Dr

Gainesville, GA 30506

  • 27 days on market
    • Price drop $200,000↓
Imagine a charming lake house nestled among lush trees, offering serene views of the water. The exterior features a blend of natural wood and stone, with large windows that invite plenty of natural light. The front porch spans the entire width of the house, creating an inviting entryway that enhances the home’s charm. Inside, the open-concept living area boasts high ceilings and an open concept, perfect for gatherings. The kitchen is beautiful and equipped with stainless steel appliances, an island for casual dining, and ample counter space for cooking. The house includes three spacious bedrooms, each with its own unique decor, closets, providing comfort and privacy. The master suite features luxurious touches, including a covered porch overlooking the lake that connects to the main living room. The half bath is located upstairs in the loft that is currently used as a 4th bedroom but has potential to be used in different ways to suit your needs. The way the home is currently set up, it sleeps 16 people. The basement is a spacious and inviting area, designed for both comfort and entertainment. To one side, there’s a well-appointed kitchenette including a refrigerator and dishwasher. This kitchen area is perfect for entertaining with an open concept to the basement living room. Adjacent to the kitchenette is a versatile room that can easily be transformed into a bedroom. It offers enough space for a bed and includes a closet for storage with a full bathroom attached. The room is currently used as a 5th bedroom but could also be used for a teenager’s space, or a private office. The garage is currently used as another entertainment space with a pool table and ping pong table. Step outside the basement to enjoy a patio that leads down to a two story private dock, that has a slip for a boat with a party deck up top. The dock is a newer dock with treks built by Martin docks and is 32ft x 32ft. There is also a fire pit in the backyard that is perfect for entertaining. The walk to the lake is very easy with a very gentle slope. Buyer to verify all information - waterfront footage and square footage. Agent is the homeowner. ***All furniture and decor is negotiable.

Details

Property type

Single Family Residence

Est. home value

$1,047,560

Lot size

0.26 acres

Price per sq ft

$418

Year built

2014

Annual property taxes

$7,202

Price History

09/16/2024
FMLS

FMLS #7443926

Price change
$1,459,999
-12.05%
08/23/2024
FMLS

FMLS #7443926

Listed
$1,659,999
+209.97%
02/06/2015
FMLS

FMLS #5364984

Sold
$535,537

Schools & Community

Elementary school: 

Chestatee

Middle school: 

Little Mill

High school: 

East Forsyth

Community features: 

None

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Masalex Properties

Loan start date

April 2014

Original loan amount

$375,000

Est. remaining balance

Not provided

Interest rate

4.37%

Loan type

New Conventional

Seller

Steven M Guello

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: 09/19/2024 at 3:55 AM

Listing updated: 09/17/2024 at 3:55 PM

Listed by: Paige Pace, Virtual Properties Realty. Biz Phone #: (770) 495-5050

MLS: FMLS #7443926

FMLS logo

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