NOT LISTED FOR SALE

1005 Timber Lake Trail Cumming, GA 30041

Estimated Value: $737,000 - $885,000

3 Beds
3 Baths
2,560 Sq Ft
$319/Sq Ft Est. Value

Last Sold July 16, 2020

Last sale price $520,000 $203 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $5,230/month

128 Days on Market

Highlights

  • Boathouse
  • 75 Feet of Waterfront
  • Open-Concept Dining Room
  • Mashburn Elementary School Rated A
  • Covered dock with one slips
  • Lake View

About This Home

As of July 2020

Charming Lake Lanier home in sought after Cumming location just 2 minutes to Cumming/Exit 14 GA400 shopping and restaurants! Grandfathered boathouse in deep water quiet protected area on the furthest south end of the lake. Close to marinas and restaurants. CORPS approved for 32x32 twin slip dock. Chalet style home with vaulted great room and floor to ceiling brick masonry fireplace. Well maintained by the family who built it and has enjoyed it since 1978. Ready for your updates! Finished terrace level features a guest bedroom, full bath, game/rec room with brick fireplace and large screened porch. Great backyard for entertaining and shed for storing your boat supplies, yard equipment and toys. Being sold turnkey "as is" with furnishings.

Last Agent to Sell the Property

Sheila Davis

The Norton Agency License #244784 Listed on: 01/30/2020

The Norton Agency

Last Buyer's Agent

Jane Owens

Virtual Properties Realty.com License #240920

Virtual Properties Realty.com

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,500

Year Built

  • Built in 1978

Lot Details

  • 0.41 Acre Lot
  • 75 Feet of Waterfront
  • Lake Front
  • Property fronts a state road
  • Level Lot
  • Back Yard

Home Design

  • Chalet
  • Country Style Home
  • Cottage
  • Frame Construction
  • Composition Roof
  • Cedar

Interior Spaces

  • 2,560 Sq Ft Home
  • 1.5-Story Property
  • Cathedral Ceiling
  • Fireplace Features Masonry
  • Family Room with Fireplace
  • 2 Fireplaces
  • Great Room with Fireplace
  • Open-Concept Dining Room
  • Workshop
  • Screened Porch
  • Lake Views
  • Fire and Smoke Detector

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Gas Cooktop
  • Dishwasher
  • Laminate Countertops
  • Wood Stained Kitchen Cabinets

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Bathtub and Shower Combination in Primary Bathroom

Finished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom
  • Laundry in Basement
  • Stubbed For A Bathroom
  • Natural lighting in basement

Parking

  • 6 Parking Spaces
  • Driveway

Outdoor Features

  • Covered dock with one slips
  • Boathouse
  • Deck
  • Patio
  • Shed

Schools

  • Mashburn Elementary School
  • Lakeside - Forsyth Middle School
  • Forsyth Central High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • 110 Volts
  • Septic Tank
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • Lanier Country Estates Subdivision
  • Community Lake

Listing and Financial Details

  • Legal Lot and Block 1 / 11
  • Assessor Parcel Number 198 214

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,500

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Chalet, Cottage, Country
  • Property Condition: Resale
  • Year Built: 1978
  • Levels Stories: One and One Half
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Carpet, Ceramic Tile
  • Fireplace Features: Family Room, Great Room, Masonry
  • Number Of Fireplaces: 2
  • Appliances: Dishwasher, Gas Cooktop, Gas Range, Refrigerator
  • Interior Amenities: Cathedral Ceiling(s), High Speed Internet
  • Basement: Bath/Stubbed, Daylight, Finished, Finished Bath, Full
  • Kitchen Features: Breakfast Bar, Cabinets Stain, Laminate Counters, View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Family Room, Great Room - 2 Story, Workshop
  • Dining Room Features: Open Concept
  • Square Footage: 2560.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 3
  • Main Bedrooms: 2
  • Total Bathrooms: 3
  • Total Full Baths: 3
  • Lower Full Bathrooms: 1
  • Main Full Bathrooms: 1
  • Master Bathroom Features: Tub/Shower Combo

Exterior Features

  • Other Structures: Boat House, Shed(s)
  • Waterfront Frontage: 75
  • Construction Materials: Cedar, Frame
  • Roof Type: Composition
  • Lake Name: Lanier
  • Patio And Porch Features: Covered, Deck, Patio, Screened
  • Exterior Features: Storage
  • View: Lake

Garage/Parking

  • Number Of Parking Spaces: 6
  • Parking Features: Driveway

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Heating: Central, Natural Gas
  • Laundry Features: In Basement
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available
  • Electric: 110 Volts

Condo/Co-op/Association

  • Community Features: Lake
  • Association Fee Frequency: Annually
  • Master Association Fee Frequency: Annually
  • Subdivision Complex: Lanier Country Estates

Schools

  • Elementary School: Mashburn
  • Middle School: Lakeside - Forsyth
  • High School: Forsyth Central

Lot Info

  • Acres: 0.4100
  • Lot: 1
  • Section G M D: 2
  • Deed Book: 382
  • Plat Book: 1
  • Plat Page: 1
  • Lot Features: Back Yard, Level, Sloped
  • Lot Dimensions: 75 222 75 256
  • Parcel Number: 198 214
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 5500.00
  • Close Date: 2020-07-16
  • Tax Year: 2019

Multi Family

  • Waterfront Features: Lake, Lake Front

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Mashburn
  • High School: Forsyth Central
  • Middle School: Lakeside - Forsyth

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2020
Closed on
Jul 16, 2020
Sold by
Smith Dorothena C
Bought by
Kemp William L
Seller's Agent
Sheila Davis
The Norton Agency
Buyer's Agent
Jane Owens
Virtual Properties Realty.com
List Price
$565,000
Sold Price
$520,000
Premium/Discount to List
-$45,000
-7.96%
Total Days on Market
128
Current Estimated Value
$817,577

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,577
Avg. Annual Appreciation
11.16%
Original Mortgage
$390,000
Outstanding Balance
$351,931
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$519,402
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kemp William L $520,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kemp William L $390,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2020 07/16/20 Sold $520,000 -5.4% $203 / Sq Ft
06/06/2020 06/06/20 Pending -- -- --
05/29/2020 05/29/20 Price Changed $549,900 -2.7% $215 / Sq Ft
01/30/2020 01/30/20 For Sale $565,000 -- $221 / Sq Ft
Source: First Multiple Listing Service (FMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,694 $313,760 $200,000 $113,760
2023 $6,901 $280,380 $160,000 $120,380
2022 $6,910 $203,476 $140,000 $63,476
2021 $5,619 $203,476 $140,000 $63,476
2020 $5,651 $204,660 $140,000 $64,660
2019 $5,500 $198,888 $140,000 $58,888
2018 $5,261 $190,236 $140,000 $50,236
2017 $4,257 $153,388 $114,000 $39,388
2016 $4,091 $147,388 $108,000 $39,388
2015 $3,876 $139,388 $100,000 $39,388
2014 $3,617 $136,612 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6673907

First Multiple Listing Service (FMLS)

APN: 198-214