4901 MACON HWY
Updated Progress
08/19/25
The listing is already removed since yesterday and the borrower mentioned that he’s switching for a new realtor.
07/03/25
Scheduled Zoom Meeting with all the investors:
The group discussed the status of the property sale, noting that the buyer is currently on vacation but has indicated they will be submitting an offer. Gabriel’s agent is working to get zoning information and will continue following up with the buyer. The group agreed to give the buyer until July 14th to submit their offer before considering other options.
Gabriel reported that the buyer’s agent has been responsive and the buyer remains interested in the property, despite being on vacation. There have been no other showings of the property since the initial one. The group discussed strategies to maintain momentum and a sense of urgency with the buyer.
The group reviewed the current list price of $5.59 million and noted that their target price is $4.55 million, leaving a gap to be addressed. They agreed to wait and see what offer the buyer submits before determining next steps.
The group concluded the meeting by agreeing that Gabriel will provide updates to James via text message. They wished each other a safe Fourth of July holiday and said they would reconnect after the holiday.
07/03/25
The borrower shared an update on email regarding the sale process. They’re currently waiting for an offer to come through. The prospective buyers have expressed genuine interest in the property, but since they’re on vacation, they’re taking a couple of extra steps before submitting an official offer.
First, the buyers are looking into the zoning details because they’re considering converting the property for commercial use down the line—they’d like to run a home-based business. Second, they plan to submit their offer once they return from vacation.
Of course, none of this is a done deal yet, and there’s some uncertainty involved. That said, these buyers have clearly chosen this property for now. Given the situation, we feel it might make sense to wait for about two weeks to see if they can finalize their offer.
06/09/25
June 13 sched for Zoom Meeting with Investor James
The borrower is currently reassessing the sales strategy for both 4901 Macon Highway and 106 De Grandis Lane due to limited market response. 4901 Macon Highway has been on the market for 111 days with no offers, and only one showing in the past 60 days. It’s currently listed at $579K, which is right at break-even. To generate renewed interest, the plan is to drop the price to $549K or potentially lower, with the goal of creating a multiple-offer situation. The borrower is also considering ordering a current appraisal and confirming pre-approvals from interested buyers to strengthen negotiation leverage.
Meanwhile, 106 De Grandis Lane has seen a bit more traction, with three showings in the past week. Two potential buyers liked the property but expressed concerns about the neighborhood. Feedback from another showing scheduled for later today is still pending. If activity remains limited, a more aggressive pricing approach may also be necessary for this property.
Given ongoing challenges from high interest rates, the borrower is leaning toward more conservative pricing and faster decision-making to keep things moving. Next steps include a price adjustment for 4901 Macon Highway, continued monitoring by James, and a follow-up call early next week. An additional update will follow after tonight’s meeting regarding 106 De Grandis Lane.
04/17/25
03/05/25
It’s officially on the market! The space is ready, and the opportunity is there for the taking. It’s a big moment, and things are moving quickly.
02/07/25
The property rehab is complete, and it is scheduled to be listed on the market next week. A key milestone achieved is preparing the property for sale. There have been no issues or delays during the process, and everything remains within budget. The next major step is officially posting the listing. Photos will be provided to share with the PML once available.
01/10/25
The property rehabilitation is nearing completion, with plans to list it on the market within the next 10 days. Key milestones align with this timeline. No issues or delays have been reported. The next significant step in the process is preparing the property for sale. Budget adherence is on track, and photos of the property are available for sharing with the PML.
12/2/24
The borrower has made fantastic progress and is nearing the finish line on this rehab! Recently, they completed installing the countertops and cabinets—always a big milestone. Next up is painting, and once that’s done, they’ll move on to adding the appliances and fixtures. After those final touches, they’ll wrap everything up with landscaping.
10/23/24
The progress made so far includes just the inside painting, with side painting also completed as a key milestone. There are no issues or delays with the rehab. The next upcoming significant action is flooring. Everything is on budget. He sent photos and videos last Tuesday to share with the PML.
1st Month
3rd Month
5th Month
Listing Photos
