NOT LISTED FOR SALE

1025 Timber Lake Dr Cumming, GA 30041

Estimated Value: $473,000 - $555,789

4 Beds
3 Baths
3,200 Sq Ft
$158/Sq Ft Est. Value

Last Sold April 21, 2023

Last sale price $480,000 $150 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,162/month

12 Days on Market

Highlights

  • Open-Concept Dining Room
  • Pool House
  • Sitting Area In Primary Bedroom
  • Mashburn Elementary School Rated A
  • RV Access or Parking
  • View of Trees or Woods

About This Home

As of April 2023

Amazing home on almost 1 Acre! This 4 bedroom/3 bath home is nestled near Lake Lanier, and has a 2+ car drive under garage/shop PLUS a huge detached
garage with a bonus area above! Plenty of room to park your boat, rv or many cars! The rear gate allows you to pull your rec. vehicle out onto an easy drive to Mary Alice Park, Bald Ridge Marina or many other boat ramps or camp areas! Immediate access to GA 400/exit 14 and all the shopping at Exit #15!
Yard is amazing and there's a great area for the kids to play basketball too! Roof is under 2 years old and so are many of the mechanicals! Master is on the MAIN level along with a guest bedroom/office plus a 2nd full bath. Additional 2 bedrooms and 1 full bath upstairs! Lower level/basement features a fun rec. room & storage plus a mud room! Setting is .85 acres and the back yard features plenty of space to entertain AND an in-ground pool ready for you to customize and renovate as you'd like! Just come take a closer look! No HOA, no covenants & restrictions against parking your boats, rv's etc. here! This is a rare find in South Forsyth County/Cumming! Close to Costco, Northside Hospital, lots of restaurants & shopping!

Last Listed By

Linda Bradley

Virtual Properties Realty. Biz License #127194 Listed on: 03/08/2023

Virtual Properties Realty. Biz

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,470

Year Built

  • Built in 1973

Lot Details

  • 0.85 Acre Lot
  • Property fronts a county road
  • Wood Fence
  • Landscaped
  • Level Lot
  • Back Yard Fenced

Parking

  • 4 Car Garage
  • Side Facing Garage
  • Drive Under Main Level
  • Driveway Level
  • RV Access or Parking

Home Design

  • Traditional Architecture
  • Farmhouse Style Home
  • Cottage
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1.5-Story Property
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Fireplace With Gas Starter
  • Insulated Windows
  • Great Room with Fireplace
  • Open-Concept Dining Room
  • Breakfast Room
  • Bonus Room
  • Workshop
  • Home Gym
  • Views of Woods
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Dishwasher
  • Wood Stained Kitchen Cabinets

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • Sitting Area In Primary Bedroom
  • Oversized primary bedroom
  • 4 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Dual Closets
  • Walk-In Closet
  • Separate Shower in Primary Bathroom
  • Soaking Tub

Finished Basement

  • Partial Basement
  • Garage Access
  • Exterior Basement Entry

Pool

  • Pool House
  • In Ground Pool
  • Vinyl Pool
  • Fence Around Pool

Outdoor Features

  • Deck
  • Separate Outdoor Workshop
  • Outdoor Storage
  • Outbuilding

Schools

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

Utilities

  • Central Air
  • Air Source Heat Pump
  • Heating System Uses Natural Gas
  • 220 Volts in Garage
  • 110 Volts
  • Septic Tank
  • High Speed Internet

Community Details

  • Lanier Country Club Estates Subdivision
  • Community Lake

Listing and Financial Details

  • Legal Lot and Block 8-9 / c
  • Assessor Parcel Number 198 170

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,470

Year Built

Built in 1973

Lot Details

0

Parking

4

Listing Details

  • Standard Status: Closed
  • Legal Description: 2-1 149 LT8-9 BL C UN1 LCCE
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cottage, Farmhouse, Traditional
  • Property Condition: Resale
  • Year Built: 1973
  • Levels Stories: One and One Half
  • Above Grade Finished Sq Ft: 2173.00
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Carpet, Ceramic Tile, Hardwood, Vinyl
  • Fireplace Features: Gas Starter, Great Room
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher
  • Interior Amenities: Beamed Ceilings, Cathedral Ceiling(s), High Speed Internet, His and Hers Closets, Walk-In Closet(s)
  • Basement: Driveway Access, Exterior Entry, Finished, Partial
  • Kitchen Features: Breakfast Bar, Breakfast Room, Cabinets Stain
  • Common Walls: No Common Walls
  • Additional Rooms: Basement, Bonus Room, Exercise Room, Workshop
  • Dining Room Features: Open Concept
  • Square Footage: 3200.00
  • Spa Features: None
  • Window Features: Insulated Windows
  • Below Grade Finished Sq Ft: 1482.00

Beds/Baths

  • Total Bedrooms: 4
  • Bedroom Features: Master on Main, Oversized Master, Sitting Room
  • Main Bedrooms: 2
  • Total Bathrooms: 3
  • Total Full Baths: 3
  • Main Full Bathrooms: 2
  • Master Bathroom Features: Separate Tub/Shower, Soaking Tub

Exterior Features

  • Other Structures: Outbuilding, Pool House, RV/Boat Storage, Workshop
  • Construction Materials: Frame
  • Roof Type: Composition, Shingle
  • Fencing: Back Yard, Wood
  • Patio And Porch Features: Deck
  • Exterior Features: Storage
  • Pool Features: Fenced, In Ground, Vinyl
  • View: Trees/Woods
  • Pool Private: Yes
  • Foundation: Concrete Perimeter

Garage/Parking

  • Carport or Garage: 4
  • Number of Garage Spaces: 4
  • Parking Features: Drive Under Main Level, Driveway, Garage, Garage Faces Side, Level Driveway, RV Access/Parking

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Central Air, Heat Pump
  • Heating: Natural Gas
  • Laundry Features: Laundry Room
  • Utilities: Electricity Available, Natural Gas Available, Water Available
  • Electric: 110 Volts, 220 Volts in Garage

Condo/Co-op/Association

  • Community Features: Lake
  • Subdivision Complex: Lanier Country Club Estates

Schools

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

Lot Info

  • Acres: 0.8500
  • Lot: 8-9
  • Land/Lot: 149
  • Section G M D: 1
  • Deed Book: 8281
  • Deed Page: 466
  • Lot Features: Back Yard, Landscaped, Level
  • Parcel Number: 198 170
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 2470.00
  • Assessor Parcel Number: 198-000-170
  • Close Date: 2023-04-21
  • Tax Year: 2022

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
Mar 8, 2023
Closed on
Apr 21, 2023
Sold by
Perez Alex M
Bought by
Franks Trenton Ashley and Franks Mary Alexandra
Seller's Agent
Linda Bradley
Virtual Properties Realty. Biz
Buyer's Agent
Jerry Inglima
Keller Williams Rlty Consultants
List Price
$479,000
Sold Price
$480,000
Premium/Discount to List
$1,000
0.21%
Total Days on Market
12
Views
34
Current Estimated Value
$506,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,447
Avg. Annual Appreciation
2.59%
Original Mortgage
$432,000
Outstanding Balance
$422,861
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$83,586

Purchase Details

Closed on
Jul 28, 2017
Sold by
Willingham Judy A
Bought by
Perez Charlene R and Perez Alex M

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
Franks Trenton Ashley $480,000 None Listed On Document
Perez Charlene R $169,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Franks Trenton Ashley $432,000
Previous Owner Perez Charlene R $141,000
Previous Owner Willingham Judy A $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2023 04/21/23 Sold $480,000 +0.2% $150 / Sq Ft
03/20/2023 03/20/23 Pending -- -- --
03/08/2023 03/08/23 For Sale $479,000 -- $150 / 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 $3,926 $174,492 $38,400 $136,092
2023 $2,326 $138,256 $32,000 $106,256
2022 $2,470 $81,412 $20,000 $61,412
2021 $1,964 $81,412 $20,000 $61,412
2020 $1,920 $79,292 $16,000 $63,292
2019 $1,865 $76,488 $18,000 $58,488
2018 $1,693 $67,800 $22,760 $45,040
2017 $1,486 $53,556 $18,000 $35,556
2016 $1,431 $51,556 $16,000 $35,556
2015 $1,322 $47,556 $12,000 $35,556
2014 $1,202 $45,404 $12,000 $33,404
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7190034

First Multiple Listing Service (FMLS)

APN: 198-170