NOT LISTED FOR SALE

1240 Summit Rd Alpharetta, GA 30004

Estimated Value: $517,000 - $547,000

3.2 Acres
$168,084 Price per Acre
139,392 Sq Ft Lot

Last Sold August 16, 2024

Last sale price $520,000 $456 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,899/month

73 Days on Market

Highlights

  • 3.2 Acre Lot
  • Private Lot
  • Property is near schools
  • Summit Hill Elementary School Rated A
  • Wooded Lot

About This Lot

As of August 2024

Incredible opportunity to build your dream home on acreage in the heart of Milton and just minutes to sought after locations like The Union and Summit Hill Elementary. Set on +/- 3.26 acres, this prime location offers access to first-class amenities, a vibrant community, and top schools in the area between Summit Hill Elementary, Northwestern Middle and Cambridge High. Enjoy the peaceful setting of Summit Road with estate homes nestled on sprawling and private lots, while taking advantage of the close proximity to restaurants, retail, green space, and entertainment in downtown Crabapple, downtown Alpharetta and The Avalon development. Don't miss the chance to experience the refined lifestyle and idyllic surroundings that are true to Milton's equestrian heritage.

Last Agent to Sell the Property

Andrea Cueny

Ansley Real Estate| Christie's International Real Estate License #268117 Listed on: 04/19/2024

Ansley Real Estate| Christie's International Real Estate

Co-Listed By

Myranda McGinn

Ansley Real Estate| Christie's International Real Estate License #411545

Last Buyer's Agent

Murali Sunkara

Virtual Properties Realty.com License #405621

Virtual Properties Realty.com

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,168

Lot Details

  • 3.2 Acre Lot
  • Private Lot
  • Wooded Lot
  • Landscaped with Trees
  • Property is zoned AG1

Location

  • Property is near schools
  • Property is near shops

Schools

  • Summit Hill Elementary School
  • Northwestern Middle School
  • Cambridge High School

Listing and Financial Details

  • Assessor Parcel Number 22 427007710139

Property Details

Property Type

Land

Est. Annual Taxes

$3,168

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Legal Description: x
  • Property Type: Land
  • MLS Status: Closed
  • Property Sub Type: Unimproved Land
  • Current Classification: Undeveloped/Zoned Agriculture
  • Special Features: None

Property Details

  • Property: Land

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Water Available

Condo/Co-op/Association

  • Community Features: Near Schools, Near Shopping

Schools

  • Elementary School: Summit Hill
  • Middle School: Northwestern
  • High School: Cambridge

Lot Info

  • Acres: 3.2000
  • Timber: Hardwoods
  • Land/Lot: 771
  • Possible Use: Agricultural, Residential
  • Section G M D: 2ND
  • Current Zoning: AG1
  • Current Use: Agricultural
  • Lot Features: Private
  • Lot Dimensions: X
  • Parcel Number: 22 427007710139
  • Price Acre Dollar: 162500.00
  • Horse Amenities: None
  • Property Attached Yn: No

Tax Info

  • Taxes: 3168.00
  • Assessor Parcel Number: 22-4270-0771-013-9
  • Close Date: 2024-08-16
  • Tax Year: 2023

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Summit Hill
  • High School: Cambridge
  • Middle School: Northwestern

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2024
Closed on
Aug 16, 2024
Sold by
Case Christian Tanner
Bought by
Jasline Deepthi Das Varadi and Seeli John Wincent
Seller's Agent
Andrea Cueny
Ansley Real Estate| Christie's International Real Estate
Buyer's Agent
Murali Sunkara
Virtual Properties Realty.com
List Price
$575,000
Sold Price
$520,000
Premium/Discount to List
-$55,000
-9.57%
Views
59
Current Estimated Value
$537,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,869
Avg. Annual Appreciation
3.12%
Original Mortgage
$390,000
Interest Rate
6.77%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 19, 2020
Closed on
Jul 9, 2021
Sold by
Akturk Hasan
Bought by
Case Kevin B and Case Christian Tanner
Seller's Agent
Minu Gill
Berkshire Hathaway HomeServices Georgia Properties
Buyer's Agent
Kelly Rabern
NOT A VALID MEMBER
List Price
$375,000
Sold Price
$360,000
Premium/Discount to List
-$15,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.55%
Original Mortgage
$270,000
Interest Rate
2.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 19, 2019
Sold by
Akturk Sal
Bought by
Akturk Hasan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,600
Interest Rate
3.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 19, 2014
Closed on
Apr 27, 2015
Sold by
Roberts George Charles Estate
Bought by
Akturk Sal and Demirbas Nazli
Seller's Agent
Rhonda Haran
Ansley Real Estate| Christie's International Real Estate
Buyer's Agent
Minu Gill
Berkshire Hathaway HomeServices Georgia Properties
List Price
$250,000
Sold Price
$220,000
Premium/Discount to List
-$30,000
-12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.96%
Original Mortgage
$154,000
Interest Rate
3.79%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
Jasline Deepthi Das Varadi $520,000 --
Case Kevin B $360,000 --
Akturk Hasan $325,000 --
Akturk Sal $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Jasline Deepthi Das Varadi $390,000
Previous Owner Case Kevin B $270,000
Previous Owner Akturk Hasan $235,600
Previous Owner Akturk Sal $154,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2024 08/16/24 Sold $520,000 -9.6% $456 / Sq Ft
07/01/2024 07/01/24 Pending -- -- --
04/19/2024 04/19/24 For Sale $575,000 +59.7% $504 / Sq Ft
07/09/2021 07/09/21 Sold $360,000 -4.0% $316 / Sq Ft
05/28/2021 05/28/21 Pending -- -- --
11/19/2020 11/19/20 For Sale $375,000 +70.5% $329 / Sq Ft
04/27/2015 04/27/15 Sold $220,000 -12.0% $193 / Sq Ft
03/24/2015 03/24/15 Pending -- -- --
12/19/2014 12/19/14 For Sale $250,000 -- $219 / 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
2025 $574 $144,560 $144,560 --
2023 $574 $120,960 $120,960 $0
2022 $3,087 $117,320 $117,320 $0
2021 $3,964 $146,120 $119,160 $26,960
2020 $4,013 $144,400 $117,760 $26,640
2019 $754 $141,840 $115,680 $26,160
2018 $3,910 $138,520 $112,960 $25,560
2017 $2,632 $90,200 $71,000 $19,200
2016 $2,632 $90,200 $71,000 $19,200
2015 $3,070 $90,200 $71,000 $19,200
2014 $2,765 $90,200 $71,000 $19,200
Source: Public Records

Agents Affiliated with this Home

  • Andrea Cueny

    Seller's Agent in 2024

    Andrea Cueny

    Ansley Real Estate| Christie's International Real Estate

    (404) 695-7040

    47 in this area

    294 Total Sales

    Andrea Cueny
    Section Image

  • M

    Seller Co-Listing Agent in 2024

    Myranda McGinn

    Ansley Real Estate| Christie's International Real Estate

    (770) 284-9900

    4 in this area

    83 Total Sales

    Myranda McGinn
    Section Image
  • Murali Sunkara

    Buyer's Agent in 2024

    Murali Sunkara

    Virtual Properties Realty.com

    (470) 380-5086

    7 in this area

    462 Total Sales

    Murali Sunkara
    Section Image
  • Minu Gill

    Seller's Agent in 2021

    Minu Gill

    Berkshire Hathaway HomeServices Georgia Properties

    (678) 833-4111

    1 in this area

    12 Total Sales

    Minu Gill
    Section Image

  • K

    Buyer's Agent in 2021

    Kelly Rabern

    NOT A VALID MEMBER

  • Rhonda Haran

    Seller's Agent in 2015

    Rhonda Haran

    Ansley Real Estate| Christie's International Real Estate

    (404) 556-5600

    3 in this area

    76 Total Sales

    Rhonda Haran
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7372093

First Multiple Listing Service (FMLS)

APN: 22-4270-0771-013-9

Georgia Fulton County Alpharetta 30004

1240 Summit Rd, Alpharetta, GA

This home is located at 1240 Summit Rd, Alpharetta, GA 30004 since 19 April 2024 and is currently estimated at $537,869, approximately $471 per square foot. 1240 Summit Rd is a home located in Fulton County with nearby schools including Summit Hill Elementary School, Northwestern Middle School, and Cambridge High School.

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