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$10,000,000

Beds
3
Baths
3.5
sq ft
5,152

928 Grayson New Hope Rd, Lawrenceville, GA 30045

928 Grayson New Hope Rd

Lawrenceville, GA 30045

  • 1037 days on market
Do not miss this rare opportunity to purchase one of Gwinnett County's greatest and oldest family estates. Property is offered for sale for the first time ever! This extraordinary 42 +/- acres of pristine land is not only breathtakingly beautiful, it is also perfect for any investor, developer, home builder, family compound or private estate because of the topography. It is comprised of 5 parcels (R5200-033, R5217-038, R5217-011, R5217-094 and R5217-026). Each parcel contains a residential dwelling, with 4 out of the 5 dwellings being income producing! Owner may consider subdividing Parcel #'s (R5217-038 and R5217-094) total 8.99 +/- acres, leaving 33.01 +/- acres for another development. The primary dwelling is a very solid, custom built brick ranch home with an unfinished basement, which could easily be converted into a club house while you develop a neighborhood around it.Current zoning is Residential/Agricultural, but could easily be rezoned. Commercial & office zoning are 1/4 miles of this property, there is also major residential development in the area that range $550K & up. Lots of road frontage with all utilities already in place. Conveniently located on Grayson New Hope Rd, close to Sugarloaf Pkwy, Hwy 316, walking distance to Tribble Mill Park, close to Downtown Grayson, Downtown Lawrenceville and in Archer High School District.

Details

Property type

Single Family Residence

Est. home value

$574,782

Lot size

42.00 acres

Price per sq ft

$1,941

Year built

1998

Annual property taxes

$1,053

Price History

12/29/2023
FMLS

FMLS #6984949

Listed
$10,000,000
12/29/2023
FMLS

FMLS #6984949

Pending
$10,000,000
01/07/2022
FMLS

FMLS #6984949

Listed
$10,000,000

Schools & Community

Elementary school: 

Lovin

Middle school: 

McConnell

High school: 

Archer

Community features: 

Street Lights

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

$9,020,098
Asking price
$10,000,000
Closing costs (~8% of asking)
-$800,000
Est. remaining loan balance
-$179,902
Cash to seller
$9,020,098

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

Seller’s Loan History

Lender

Wells Fargo Bank National Ass

Loan start date

October 2012

Original loan amount

$249,718

Est. remaining balance

$179,902

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Danny F Lunsford and Pamela S Lunsford

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: Active

Tomo last checked: 11/09/2024 at 11:30 AM

Listing updated: 08/14/2024 at 1:05 PM

Listed by: Samantha Lewis, Berkshire Hathaway HomeServices Georgia Properties Phone #: (770) 814-2300

MLS: FMLS #6984949

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