tomo logo

$735,000

Beds
4
Baths
5.0
sq ft
4,073

885 Kelleytown Rd, Mcdonough, GA 30252

885 Kelleytown Rd

McDonough, GA 30252

  • 191 days on market
    • Price drop $115,000↓
Short Sale Notice: This property is being sold as a short sale, and all offers are subject to lender approval. This is a short sale and is contingent on approval from the lender. Seller will not accept offers below the list price without prior approval from the lender. Welcome Home To This Immaculate Showstopper In Kelleytown! Truly One Of A Kind, This Gorgeous Estate Home Is Nestled On 3+ Manicured Acres And Features 4 Bedrooms and 4 1/2 Bathrooms, Spacious, Inviting Kitchen With Granite Countertops And Stainless Steel Appliances, Separate Living Room, Bonus Room, Craft Room, And Huge 2000+ Square Foot Unfinished Basement With Multiple Flex Room Opportunities Such As An In-Law Suite Or A Home Theater. Let Your Imagination Run Wild With The Endless Possibilities In This Space. The Outside Is An Entertainer's Dream With A Beautiful Gunite Pool And Hot Tub, Fire Pit, Covered Patio And Wet Bar. Night Time Lighting Transforms This Space Into An Absolutely Magical Oasis. Also Included With The Main Home Is An Adorable 768 SqFt 2BR/1Bath Cottage/Guest Home That Is Situated Near The Front Of The Property. This Home Is Deeded Separately (Parcel ID/Tax ID116-01018000) And Can Provide Potential Rental Income As Well. Property being sold (As Is) Don't Miss The Opportunity To View This Amazing Estate! Due to the nature of a short sale, the closing process may take longer than a traditional sale. Approval from the lender can take several weeks, and there may be delays in responding to offers. Buyer acknowledges that the sale is subject to lender approval and may be denied or delayed. The sale may not be finalized if the lender rejects the short sale offer. This price is based on a preliminary evaluation of the property and is subject to lender approval.

Details

Property type

Single Family Residence

Est. home value

$691,730

Lot size

3.01 acres

Price per sq ft

$181

Year built

1996

Annual property taxes

$9,768.25

HOA

No

Price History

03/27/2025
GeorgiaMLS

GeorgiaMLS #10384174

Price change
$735,000
-13.53%
02/09/2025
GeorgiaMLS

GeorgiaMLS #10384174

Listed
$850,000
01/31/2025
GeorgiaMLS

GeorgiaMLS #10384174

Pending
$850,000

Schools & Community

Elementary school: 

Pleasant Grove

Middle school: 

Woodland

High school: 

Woodland

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

-$21,879
Asking price
$735,000
Closing costs (~8% of asking)
-$58,800
Est. remaining loan balance
-$698,079
Cash to seller
-$21,879

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

Seller’s Loan History

Lender

United Community Bank

Loan start date

December 2021

Original loan amount

$750,000

Est. remaining balance

$698,079

Interest rate

3.09%

Loan type

VA, 30 year

Seller

Marcus D Pernell and Letilia Pernell

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: 04/03/2025 at 5:05 AM

Listing updated: 03/30/2025 at 1:12 AM

Listed by: William Thomas, REMAX Gold

MLS: GeorgiaMLS #10384174

GeorgiaMLS logo

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