$450,000
SOLD MAY 21, 2021

1040 Grove Park Ln Cumming, GA 30041

5 Beds
4 Baths
3,268 Sq Ft
0.95 Acres

Recently Sold

$138 Per Sq Ft

6% Above List Price

38 Days on Market

Highlights

  • 0.95 Acre Lot
  • Clubhouse
  • Wooded Lot
  • Mashburn Elementary School Rated A
  • Deck
  • Rural View

About This Home

As of May 2021

This beautifully updated home near Lake Lanier has all the features desired in a home. The two-story foyer entrance sets the tone for this light-filled home. Updated kitchen with granite countertops and stainless steel appliances with separate dining and office space, and the 2-story great room with vaulted ceilings makes the main level a perfect space for entertaining. Other notable features include a bedroom on the main level with a full bath, an upper level, three bedrooms including the master, and two full bathrooms. The finished basement features one bedroom and one full bath, and plenty of space for storage. Home is conveniently located off Georgia 400 and a two-minute drive to Lake Lanier.

Last Agent to Sell the Property

Linde Moore

Keller Williams Rlty, First Atlanta License #354599 Listed on: 02/24/2021

Keller Williams Rlty, First Atlanta

Co-Listed By

Andrew Groslimond

Keller Williams Realty Peachtree Rd. License #365346

Last Buyer's Agent

Bob Freeman

Harry Norman Realtors License #319297

Harry Norman Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,218

Year Built

  • Built in 1994

Lot Details

  • 0.95 Acre Lot
  • Lot Dimensions are 104x87x227x210x195
  • Wooded Lot
  • Private Yard
  • Back Yard

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Traditional Architecture
  • Composition Roof
  • Cement Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,268 Sq Ft Home
  • 2-Story Property
  • Roommate Plan
  • Rear Stairs
  • Cathedral Ceiling
  • Insulated Windows
  • Two Story Entrance Foyer
  • Great Room with Fireplace
  • Formal Dining Room
  • Rural Views
  • Finished Basement
  • Finished Basement Bathroom
  • Pull Down Stairs to Attic

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • In-Law or Guest Suite
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Septic Tank
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 42
  • Assessor Parcel Number C40 064

Community Details

Overview

  • $1,500 Initiation Fee
  • Grove Park Community Assoc Association
  • Secondary HOA Phone (678) 779-5161
  • Grove Park Subdivision
  • Rental Restrictions

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,218

Year Built

Built in 1994

Lot Details

0

HOA Fees

$42 per month

Parking

2

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Property Condition: Resale
  • Year Built: 1994
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Fireplace Features: Great Room
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Disposal, Dryer, Gas Cooktop, Gas Oven, Refrigerator, Washer
  • Interior Amenities: Cathedral Ceiling(s), Disappearing Attic Stairs, Entrance Foyer 2 Story, High Ceilings 10 ft Main, High Speed Internet, Walk-In Closet(s)
  • Basement: Finished, Finished Bath
  • Kitchen Features: Breakfast Bar, Cabinets Other, Eat-in Kitchen, Pantry, Stone Counters, View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Great Room - 2 Story
  • Dining Room Features: Separate Dining Room
  • Square Footage: 3268.00
  • Spa Features: None
  • Window Features: Insulated Windows
  • Below Grade Finished Sq Ft: 1114.00

Beds/Baths

  • Total Bedrooms: 5
  • Bedroom Features: In-Law Suite/Apartment, Roommate Floor Plan
  • Lower Bedrooms: 1
  • Main Bedrooms: 1
  • Total Bathrooms: 4
  • Total Full Baths: 4
  • Lower Full Bathrooms: 1
  • Main Full Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Separate Tub/Shower, Whirlpool Tub

Exterior Features

  • Construction Materials: Cement Siding
  • Roof Type: Composition
  • Patio And Porch Features: Deck
  • Exterior Features: Private Yard, Rear Stairs
  • View: Rural
  • Foundation: Concrete Perimeter

Garage/Parking

  • Carport or Garage: 2
  • Number of Garage Spaces: 2
  • Parking Features: Attached, Garage Door Opener, Driveway, Garage

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Central Air, Zoned
  • Heating: Electric, Forced Air, Zoned
  • Laundry Features: Laundry Room
  • Utilities: Cable Available, Electricity Available, Phone Available, Water Available
  • Electric: None

Condo/Co-op/Association

  • HOA Rent Restrictions: Yes
  • Community Features: Clubhouse, Playground, Pool, Tennis Court(s)
  • Association Fee: 500
  • Association Fee Frequency: Annually
  • Association: Yes
  • Management Company Email: Groveparkprez@gmail.com
  • Management Phone: 678-779-5161
  • Subdivision Complex: Grove Park

Association/Amenities

  • Management Company: Grove Park Community Assoc

Schools

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

Lot Info

  • Acres: 0.9500
  • Lot: 42
  • Land/Lot: 212
  • Section G M D: 1
  • Deed Book: 8037
  • Deed Page: 49
  • Plat Book: 41
  • Plat Page: 59
  • Lot Features: Back Yard, Private, Wooded
  • Lot Dimensions: 104x87x227x210x195
  • Parcel Number: C40 064
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Rental Info

  • Initiation Fee: 1500

Tax Info

  • Taxes: 4218.00
  • Assessor Parcel Number: C40 064
  • Close Date: 2021-05-21
  • Tax Year: 2019

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
Feb 24, 2021
Closed on
May 21, 2021
Sold by
Crump Jason Dennis
Bought by
Hovis Wesley E
Seller's Agent
Linde Moore
Keller Williams Rlty, First Atlanta
Buyer's Agent
Bob Freeman
Harry Norman Realtors
List Price
$425,000
Sold Price
$450,000
Premium/Discount to List
$25,000
5.88%
Current Estimated Value
$670,399

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$220,399
Avg. Annual Appreciation
10.01%
Original Mortgage
$360,000
Outstanding Balance
$329,463
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$340,911

Purchase Details

Listed on
Sep 13, 2016
Closed on
Dec 13, 2016
Sold by
John
Bought by
Crump Jason Dennis
Seller's Agent
Brad Carlton
BHGRE Metro Brokers
Buyer's Agent
Andrew Groslimond
Keller Williams Realty Peachtree Rd.
List Price
$359,923
Sold Price
$349,000
Premium/Discount to List
-$10,923
-3.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.89%
Original Mortgage
$342,678
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 2, 2016
Closed on
Aug 12, 2016
Sold by
Leonard R
Bought by
Gibbs John and Gibbs Sharron
Seller's Agent
Brad Carlton
BHGRE Metro Brokers
Buyer's Agent
Brad Carlton
BHGRE Metro Brokers
List Price
$319,913
Sold Price
$273,000
Premium/Discount to List
-$46,913
-14.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
105.93%

Purchase Details

Closed on
Jun 30, 1994
Sold by
Hedgewood Prop Inc
Bought by
Malone John Glenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
8.52%
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 Type Sale Price Title Company
Warranty Deed $450,000 --
Warranty Deed $349,000 --
Warranty Deed $273,000 --
Deed $168,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $360,000 New Conventional
Closed $360,000 New Conventional
Previous Owner $342,678 FHA
Previous Owner $188,075 Stand Alone Refi Refinance Of Original Loan
Previous Owner $202,400 New Conventional
Previous Owner $125,000 No Value Available
Previous Owner $50,000 No Value Available
Previous Owner $80,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2021 05/21/21 Sold $450,000 +5.9% $138 / Sq Ft
03/22/2021 03/22/21 For Sale $425,000 -5.6% $130 / Sq Ft
03/20/2021 03/20/21 Pending -- -- --
03/02/2021 03/02/21 Off Market $450,000 -- --
03/02/2021 03/02/21 Pending -- -- --
02/10/2021 02/10/21 For Sale $425,000 +21.8% $130 / Sq Ft
12/13/2016 12/13/16 Sold $349,000 -3.0% $106 / Sq Ft
10/28/2016 10/28/16 Pending -- -- --
10/17/2016 10/17/16 For Sale $359,923 0.0% $109 / Sq Ft
10/06/2016 10/06/16 Pending -- -- --
10/03/2016 10/03/16 Price Changed $359,923 -1.4% $109 / Sq Ft
09/27/2016 09/27/16 Price Changed $364,923 -1.4% $111 / Sq Ft
09/22/2016 09/22/16 Price Changed $369,923 -1.2% $112 / Sq Ft
09/13/2016 09/13/16 For Sale $374,473 +37.2% $114 / Sq Ft
08/12/2016 08/12/16 Sold $273,000 -8.7% $83 / Sq Ft
07/31/2016 07/31/16 Pending -- -- --
07/20/2016 07/20/16 Price Changed $299,000 -6.5% $91 / Sq Ft
06/03/2016 06/03/16 For Sale $319,913 -- $97 / 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 $5,463 $254,608 $60,000 $194,608
2023 $4,929 $243,836 $50,000 $193,836
2022 $4,559 $159,796 $34,000 $125,796
2021 $3,904 $159,796 $34,000 $125,796
2020 $3,786 $154,104 $34,000 $120,104
2019 $3,748 $151,968 $24,000 $127,968
2018 $3,679 $147,672 $24,000 $123,672
2017 $3,304 $129,232 $24,000 $105,232
2016 $2,559 $99,724 $20,000 $79,724
2015 $2,442 $93,964 $18,000 $75,964
2014 $2,189 $87,552 $18,000 $69,552
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6838891

First Multiple Listing Service (FMLS)

APN: C40-064