NOT LISTED FOR SALE

Estimated Value: $1,665,000 - $2,046,000

6 Beds
4.5 Baths
5,000 Sq Ft
$386/Sq Ft Est. Value

Last Sold March 24, 2017

Last sale price $600,000 $120 Per Sq Ft

Est. 222% increase in value since last sale

Current estimated payment $11,520/month

1,577 Days on Market

Highlights

  • Lake View
  • 1.3 Acre Lot
  • Wood Flooring
  • Oglethorpe Point Elementary School Rated A
  • Traditional Architecture
  • Porch

About This Home

As of March 2017

Bank owned Property located in Black Banks. This large home was remodeled to include a gourmet kitchen, open floor plan with seperate livings areas, large master suite(on second level). In addition, this home offers a study, pool with cabana, detached guest house, 3 car garage and more. A great opportunity.

Last Agent to Sell the Property

Freddy Stroud

Georgia Coast Realty License #150357 Listed on: 11/06/2012

Last Buyer's Agent

Patsy Bryan

BHHS Hodnett Cooper Real Estate License #150160

BHHS Hodnett Cooper Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,530

Year Built

  • Built in 1979

Lot Details

  • 1.3 Acre Lot
  • Zoning described as Res Single

HOA Fees

  • $71 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Exterior Columns
  • Fire Rated Drywall
  • Shingle Roof
  • Wood Roof
  • Wood Siding

Interior Spaces

  • 5,000 Sq Ft Home
  • 2-Story Property
  • Crown Molding
  • Family Room with Fireplace
  • Lake Views
  • Crawl Space

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms

Outdoor Features

  • Open Patio
  • Porch

Schools

  • Oglethorpe Elementary School
  • Glynn Middle School
  • Glynn Academy High School

Additional Features

  • Energy-Efficient Insulation
  • Heating System Uses Gas

Community Details

  • Black Banks Subdivision

Listing and Financial Details

  • Assessor Parcel Number 04-00773

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,530

Year Built

Built in 1979

Lot Details

0

HOA Fees

$71 per month

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.3
  • Lot Size: 170,170,376,290
  • Road Surface Type: Paved
  • Ownership: Fee Simple
  • Subdivision Name: Black Banks
  • Directions: Take the entrance off Sea Island Road. Turn left on Tanglewood. House will be on your left
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Efficiency: Insulation
  • Building Stories: 2
  • Year Built: 1979
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Has Basement: Crawl Space
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Family Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Tile
  • Interior Amenities: Crown Molding
  • Living Area: 5000.0
  • Stories: 2

Exterior Features

  • Lot Features: 1 to 5 Acres, Flood Zone, Subdivision
  • View: Lake, Residential
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood Siding, Drywall
  • Exterior Features: Balcony, Columns, Porch, Paved Driveway
  • Foundation Details: Crawlspace
  • Patio And Porch Features: Balcony, Open, Patio, Porch
  • Property Condition: Fixer
  • Roof: Shingle, Wood

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Driveway, Paved

Utilities

  • Heating: Gas
  • Heating Yn: Yes
  • Utilities: Electricity Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 850.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Oglethorpe
  • High School: Glynn Academy
  • Middle Or Junior School: Glynn Middle

Lot Info

  • Parcel #: 04-00773
  • Zoning Description: Res Single
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2012
Closed on
Mar 24, 2017
Bought by
Thompson Michael H and Rachel Thompson V
Seller's Agent
Freddy Stroud
Georgia Coast Realty
Buyer's Agent
Patsy Bryan
BHHS Hodnett Cooper Real Estate
List Price
$999,500
Sold Price
$600,000
Premium/Discount to List
-$399,500
-39.97%
Total Days on Market
1577
Current Estimated Value
$1,929,280

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,329,280
Avg. Annual Appreciation
14.30%

Purchase Details

Closed on
Aug 7, 2012
Sold by
Martelli Miguel J
Bought by
Ameris Bank
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
Thompson Michael H $600,000 --
Ameris Bank -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Michael H $455,800
Open Thompson Michael H $800,000
Closed Thompson Michael H $800,000
Previous Owner Martelli Miguel J $1,480,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2017 03/24/17 Sold $600,000 -40.0% $120 / Sq Ft
03/02/2017 03/02/17 Pending -- -- --
11/06/2012 11/06/12 For Sale $999,500 -- $200 / Sq Ft
Source: Golden Isles Association of REALTORS®

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 $14,530 $579,360 $320,960 $258,400
2023 $14,362 $579,360 $320,960 $258,400
2022 $14,655 $579,360 $320,960 $258,400
2021 $11,334 $433,440 $144,440 $289,000
2020 $9,097 $343,640 $144,440 $199,200
2019 $8,399 $316,880 $144,440 $172,440
2018 $4,825 $180,000 $120,360 $59,640
2017 $6,697 $251,720 $80,240 $171,480
2016 $4,668 $189,280 $80,240 $109,040
2015 $4,687 $189,280 $80,240 $109,040
2014 $4,687 $189,280 $80,240 $109,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Golden Isles Association of REALTORS®

MLS Number: 1561249

Golden Isles Association of REALTORS®

APN: 04-00773