tomo logo

$1,000,000

Beds
5
Baths
3.0
sq ft
3,048

8530 Mcbride Ln, Gainesville, GA 30506

8530 Mcbride Ln

Gainesville, GA 30506

  • 5 days on market
Experience Lanier living in this beautiful three level lake house, nestled in a tranquil setting on an acre lot, located in Chestatee Bay and 10 minutes from 400 and I985, making it a convenient drive or boating to Gainesville Marina or Port Royale home of Pelican Pete's. This home is located within the highly sought-after East Forsyth County school district, making it the perfect place for a family. The main level features an open kitchen and living room with a beautiful cozy brick fireplace, master on main with additional bedroom and full bathroom. Taking a walk to the upper level, you’ll find two large bedrooms and an updated bath allowing ample space for family or guests. Down on the terrace level you’ll be greeted by a secondary brick fireplace in the family room/rec room along with two additional rooms that make the perfect bedroom and flex space with easy outside access to head down to the lake. The stunning lake views can be seen from almost every room of the house along with the wrap around porch and covered deck that allows you to take in beauty and serenity of this acre plus oasis. Outside, you’ll enjoy the ample yard and the low Corps Line that sits about 10 feet off the lake along with the beautiful walk to the updated single slip dock with party deck. But that’s not all, this home features an outdoor 30 X 50 workshop with power that would be perfect to store your RV, Boat or Cars. This home has it all: beautiful lake views, amazing location, massive workshop, and tons of room for entertaining family and friends. It’s the perfect place to embrace the beauty of lakeside living. This is a must-see home and has so much to offer. Book your showing now and don’t miss out on this amazing opportunity.

Details

Property type

Single Family Residence

Est. home value

$824,209

Lot size

1.01 acres

Price per sq ft

$329

Year built

1983

Annual property taxes

$4,945

HOA

No

Price History

09/23/2024
FMLS

FMLS #7460380

Listed
$1,000,000
+25%
06/02/2023
FMLS

FMLS #7200591

Sold
$800,000

Schools & Community

Elementary school: 

Chestatee

Middle school: 

Little Mill

High school: 

East Forsyth

Community features: 

Fishing, Lake

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

$328,825
Asking price
$1,000,000
Closing costs (~8% of asking)
-$80,000
Est. remaining loan balance
-$591,175
Cash to seller
$328,825

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

Seller’s Loan History

Lender

Fairway Independent Mortgage

Loan start date

June 2023

Original loan amount

$600,000

Est. remaining balance

$591,175

Interest rate

6.27%

Loan type

New Conventional, 30 year

Seller

Robert Edwin Holloway

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: 09/28/2024 at 10:20 PM

Listing updated: 09/24/2024 at 12:45 PM

Listed by: Jarred Duncan, Solace Realty, LLC Phone #: (678) 979-9411

MLS: FMLS #7460380

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