J
Seller's Agent in 2023
JOHN HAWN
eXp Realty
(770) 380-6785
3 in this area
23 Total Sales
1240 Buford Dam Way Cumming, GA 30041
Estimated Value: $826,000 - $980,000
4
Beds
2
Baths
1,920
Sq Ft
$468/Sq Ft
Est. Value
Highlights
- Boathouse
- 50 Feet of Waterfront
- Deep Water Access
- Mashburn Elementary School Rated A
- 1 Boat Dock
- Lake View
About This Home
As of December 2023AMAZING VALUE ON LAKE LANIER! What better than a 4 bed, 2 bath Classic Ranch Lake House on the South End of Lake Lanier with a covered dock in a cove that hasn't gone dry in 38 years (owner has been there since 1985) with quick access to GA 400 and close to all of the action in Forsyth County? BETTER IS ALL OF THAT PLUS A 1.52 ACRE LOT THAT CAN BE PARCELED INTO 2 LOTS TO BUILD ANOTHER HOME! There are endless possibilities for this property with a house that has been tastefully updated through the years (kitchen, bathrooms, expanded deck, windows and doors), a detached 2 car garage, a covered dock with an additional exterior covered slip, a dock location on a point with deep water, a second building site along Buford Dam Way (County Building Dept has stated the lot can be subdivided; would require survey). Amazing privacy with a treehouse panorama view from the abundant windows and doors. County water and sewer available at the street. 24 x 28 dock permit. Second building site would be along Buford Dam Way. Selling Broker shall receive 1% co-op fee if Buyers Agent is not present at first showing.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $623
Year Built
- Built in 1974
Lot Details
- 1.53 Acre Lot
- 50 Feet of Waterfront
- Lake Front
- Cul-De-Sac
- Private Lot
- Sloped Lot
- Wooded Lot
Home Design
- 2-Story Property
- Block Foundation
- Composition Roof
Interior Spaces
- Bookcases
- Beamed Ceilings
- High Ceiling
- Ceiling Fan
- Gas Log Fireplace
- Double Pane Windows
- Family Room with Fireplace
- 2 Fireplaces
- Breakfast Room
- Game Room
- Lake Views
Kitchen
- Microwave
- Dishwasher
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms | 2 Main Level Bedrooms
- Primary Bedroom on Main
- Split Bedroom Floorplan
Laundry
- Laundry Room
- Dryer
- Washer
Finished Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
- Fireplace in Basement
- Laundry in Basement
- Natural lighting in basement
Outdoor Features
- Deep Water Access
- Boathouse
- 1 Boat Dock
- Deck
- Patio
Schools
- Mashburn Elementary School
- Lakeside Middle School
- Forsyth Central High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Well
- Gas Water Heater
- Septic Tank
- High Speed Internet
- Cable TV Available
Additional Features
- Energy-Efficient Appliances
- Property is near shops
Community Details
- No Home Owners Association
- Lake Lanier Subdivision
Listing and Financial Details
- Tax Lot 76
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 28, 2023
Closed on
Dec 21, 2023
Sold by
Hollingsworth Thomas N
Bought by
Sca Investments Group Llc
Seller's Agent
JOHN HAWN
eXp Realty
Buyer's Agent
Dianne Whitmire
Promotion Realty, Inc.
List Price
$950,000
Sold Price
$880,000
Premium/Discount to List
-$70,000
-7.37%
Views
76
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,219
Avg. Annual Appreciation
1.13%
Original Mortgage
$616,000
Outstanding Balance
$605,775
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$292,444
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sca Investments Group Llc | $880,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sca Investments Group Llc | $616,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/21/2023 12/21/23 | Sold | $880,000 | -4.9% | $458 / Sq Ft |
| 11/17/2023 11/17/23 | Pending | -- | -- | -- |
| 11/15/2023 11/15/23 | Price Changed | $925,000 | -2.6% | $482 / Sq Ft |
| 10/28/2023 10/28/23 | For Sale | $950,000 | -- | $495 / Sq Ft |
Source: Georgia MLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2025 | $7,939 | $327,448 | $225,000 | $102,448 |
| 2024 | $7,939 | $323,768 | $225,000 | $98,768 |
| 2023 | $510 | $216,404 | $140,000 | $76,404 |
| 2022 | $623 | $174,060 | $120,000 | $54,060 |
| 2021 | $596 | $174,060 | $120,000 | $54,060 |
| 2020 | $595 | $172,256 | $120,000 | $52,256 |
| 2019 | $601 | $171,532 | $120,000 | $51,532 |
| 2018 | $623 | $159,692 | $120,000 | $39,692 |
| 2017 | $605 | $135,280 | $100,000 | $35,280 |
| 2016 | $605 | $135,280 | $100,000 | $35,280 |
| 2015 | $605 | $135,280 | $100,000 | $35,280 |
| 2014 | $539 | $133,212 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
JOHN HAWN
-
Dianne Whitmire
Buyer's Agent in 2023
Dianne Whitmire
Promotion Realty, Inc.
(770) 475-7744
3 in this area
23 Total Sales
Map
Source: Georgia MLS
MLS Number: 10219416
APN: 197-169
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.
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