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$725,000

Beds
5
Baths
3.5
sq ft
4,026

980 Grove Park Ln, Cumming, GA 30041

980 Grove Park Ln

Cumming, GA 30041

  • 63 days on market
    • Price drop $25,000↓
This home was the builders model home in the highly sought after Grove Park neighborhood. Property sits on huge 1.6 acre lot, across from neighborhood swimming pool and tennis courts. Conveniently located within walking distance to Marketplace Blvd with retail shopping and restaurants. Minutes away from Lake Lanier. Features 16 foot ceilings in foyer, and family room. Family room has 16 foot stacked stone fireplace. Oak hardwood flooring on first floor. New granite countertops in kitchen, laundry room and basement bar/kitchen. Huge master bedroom with trey ceilings, double walk-in closets. Master bath has his and her vanity and whirlpool tub. New carpet in master bedroom, master bath and hall. Roof and air conditioner units less than 5 years old. Large finished basement with 14ft ceiling and 5th bedroom. There is an unfinished room above the bedroom that could be finished as a 6th bedroom. Basement has entrance to back yard and a separate two car garage. Basement would make perfect in-law suite. Small stream borders the rear of the property with wooded area provides great views from breakfast room and rear deck to watch deer and other wildlife. There are two, two car garages, one on the main level and another at the basement level. Lots of storage space in second level unfinished rooms in basement.

Details

Property type

Single Family Residence

Est. home value

$657,668

Lot size

1.63 acres

Price per sq ft

$181

Year built

1994

Annual property taxes

$4,460

Monthly HOA fee

$58.33

Price History

11/10/2024
FMLS

FMLS #7433198

Price change
$725,000
-3.33%
10/11/2024
FMLS

FMLS #7433198

Listed
$750,000
+248.19%
09/13/2011
FMLS

FMLS #4234735

Sold
$215,400

Schools & Community

Elementary school: 

Mashburn

Middle school: 

Lakeside - Forsyth

High school: 

Forsyth Central

Community features: 

Playground, Pool, Street Lights, Tennis Court(s)

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

$443,267
Asking price
$725,000
Closing costs (~8% of asking)
-$58,000
Est. remaining loan balance
-$223,733
Cash to seller
$443,267

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

Seller’s Loan History

Lender

Lakeview Loan Servicing

Loan start date

May 2018

Original loan amount

$255,000

Est. remaining balance

$223,733

Interest rate

4.4%

Loan type

New Conventional, 30 year

Seller

Clyde J Purvis

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: 12/22/2024 at 2:45 PM

Listing updated: 12/16/2024 at 3:03 PM

Listed by: Jay Purvis, WYND REALTY LLC Phone #: (404) 933-4017

MLS: FMLS #7433198

FMLS logo

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