tomo logo

$610,000

Beds
4
Baths
3.0
sq ft
2,860

95 Echo Trl, Covington, GA 30014

95 Echo Trl

Covington, GA 30014

  • 69 days on market
    • Price drop $5,000↓
Beautiful LakeFront property on Lake Jackson! This home is an active Airbnb and is being sold fully furnished with the option for a turn key Airbnb investment for amazing passive income opportunities. It has been meticulously renovated from the oak plank ceiling to the custom cabinetry. As you enter the oversized living room, open to the dining room, perfect for entertaining, you'll be greeted by a breathtaking view of Lake Jackson. The windows extend throughout the kitchen to provide the same view. Brand new appliances, custom cabinetry along with an eat in kitchen provide more than enough room for guests to enjoy meals together. On the main floor, three bedrooms are ideal for a home office or bunk room, an additional guest room with a private deck. The primary suite is perfectly situated with incredible natural light and breathtaking lake views. There is a complete separate entrance to the terrace level and second deck which could be used as an additional rental option. The terrace level features a beautiful full kitchen, spacious luxurious bathroom, spacious living and dining areas. along with a secondary primary suite. Now it's lake time! This home has an amazing tiered deck with stairs leading to the dock entrance. Outside you will also find additional living quarters that can be used as a boat house, home office, or bunk house with a deck looking over the lake. The floating dock will remain with the property. This home is an amazing opportunity for investors, lake lovers, and everything in between!

Details

Property type

Single Family Residence

Est. home value

$602,082

Lot size

0.37 acres

Price per sq ft

$214

Year built

1980

Annual property taxes

$4,961

Price History

06/03/2024
FMLS

FMLS #7374223

Price change
$610,000
-0.81%
05/01/2024
FMLS

FMLS #7374223

Listed
$615,000
+17.14%
04/29/2022
GeorgiaMLS

GeorgiaMLS #20028891

Sold
$525,000

Schools & Community

Elementary school: 

Rocky Plains

Middle school: 

Indian Creek

High school: 

Alcovy

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

$107,627
Asking price
$610,000
Closing costs (~8% of asking)
-$48,800
Est. remaining loan balance
-$453,573
Cash to seller
$107,627

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

April 2022

Original loan amount

$472,500

Est. remaining balance

$453,573

Interest rate

3.85%

Loan type

New Conventional, 30 year

Seller

Christopher Fredric J La Chica and Mae Patricia Q La Chica

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: 07/04/2024 at 7:50 PM

Listing updated: 06/04/2024 at 5:15 PM

Listed by: Hannah Mccray, Keller Williams Realty Atlanta Partners Phone #: (678) 318-5000

MLS: FMLS #7374223

FMLS logo

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