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$124,934Estimated home value

Beds
2
Baths
2.5
sq ft
1,040

92 Colonial Dr, Toccoa, GA 30577

92 Colonial Dr

Toccoa, GA 30577

  • Sold On 9/4/2024
    • Price drop $10,000↓
Take advantage of this opportunity to step into the role of a landlord! Begin your journey into generating rental income by investing in this charming two-bedroom, two-bath free-standing home. This property is currently occupied and generating a steady income of $1075.00 per month. The existing tenant has a solid rental history, having resided in the unit for three years. Situated just off Fernside Drive, this home offers convenient access to shopping, dining, and recreational facilities.

Details

Property type

Single Family Residence

Est. home value

$124,934

Lot size

4,792 sq ft

Price per sq ft

$145

Year built

1991

Annual property taxes

$1,189.21

Price History

09/01/2024
GeorgiaMLS

GeorgiaMLS #10331680

Removed
$149,900
08/30/2024
GeorgiaMLS

GeorgiaMLS #10331680

Removed
$149,900
08/26/2024
GeorgiaMLS

GeorgiaMLS #10331680

Pending
$149,900
+23.88%

Schools & Community

Elementary school: 

Big A

Middle school: 

Stephens County

High school: 

Stephens County

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

$57,103
Asking price
$149,900
Closing costs (~8% of asking)
-$11,992
Est. remaining loan balance
-$80,805
Cash to seller
$57,103

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

Seller’s Loan History

Lender

First Citizens Bank

Loan start date

February 2022

Original loan amount

$85,600

Est. remaining balance

$80,805

Interest rate

3.12%

Loan type

New Conventional, 30 year

Seller

Jeffrey Tyler Cary and Kelsey Vanderhoef

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?

Status: Off Market

Tomo last checked: 10/04/2024 at 11:50 PM

Listing updated: 09/04/2024 at 11:47 AM

Listed by: Dee Dee Arrowood, Keller Williams Lanier Partner

MLS: GeorgiaMLS #10331680

GeorgiaMLS logo

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