NOT LISTED FOR SALE

1275 Timber Lake Trail Cumming, GA 30041

Estimated Value: $524,695 - $582,000

4 Beds
2 Baths
1,972 Sq Ft
$275/Sq Ft Est. Value

Last Sold March 06, 2019

Last sale price $350,000 $177 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $3,138/month

11 Days on Market

Highlights

  • Deep Water Access
  • Open-Concept Dining Room
  • Deck
  • Mashburn Elementary School Rated A
  • Lake View
  • Family Room with Fireplace

About This Home

As of March 2019

Cozy lake home located on SOUTH Lake Lanier with covered, 1-slip Dock. Recent renovations include all new interior & exterior paint, brand new back deck, new dock in last year, and new carpet throughout. Great location in NO HOA neighborhood. Spacious living area w/ stone fireplace, walks out onto the oversized deck w/ Lake views. Enough space for family home w/ 4 total bedrooms, 2 on each level. Fully fenced back yard area & covered patio. Perfect fit for someone looking to put their personal touch on a lake home. Get in now and be ready to hit the water come Spring!

Last Listed By

Mark Spain

Mark Spain Real Estate License #178501 Listed on: 01/16/2019

Mark Spain Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,178

Year Built

  • Built in 1973

Lot Details

  • 0.52 Acre Lot
  • Wooded Lot

Home Design

  • Traditional Architecture
  • Composition Roof

Interior Spaces

  • 1,972 Sq Ft Home
  • 1-Story Property
  • Fireplace Features Masonry
  • Family Room with Fireplace
  • 2 Fireplaces
  • Great Room
  • Open-Concept Dining Room
  • Carpet
  • Lake Views

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher
  • Wood Stained Kitchen Cabinets

Bedrooms and Bathrooms

  • Double Vanity

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Laundry in Basement
  • Natural lighting in basement

Parking

  • Attached Garage
  • 2 Carport Spaces
  • Driveway Level

Outdoor Features

  • Deep Water Access
  • Waterfront Lights
  • Deck
  • Patio

Schools

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

Utilities

  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 198 200

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,178

Year Built

Built in 1973

Lot Details

0

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: 1973
  • Levels Stories: One
  • Special Features: None
  • Stories: 1

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Carpet
  • Fireplace Features: Family Room, Masonry
  • Number Of Fireplaces: 2
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Interior Amenities: Double Vanity
  • Basement: Daylight, Exterior Entry, Finished, Full, Interior Entry
  • Kitchen Features: Breakfast Bar, Cabinets Stain, View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Great Room - 1 Story
  • Dining Room Features: Open Concept
  • Square Footage: 1972.00

Beds/Baths

  • Total Bedrooms: 4
  • Lower Bedrooms: 2
  • Main Bedrooms: 2
  • Total Full Baths: 2
  • Lower Full Bathrooms: 1
  • Main Full Bathrooms: 1

Exterior Features

  • Roof Type: Composition
  • Patio And Porch Features: Deck, Patio
  • View: Lake

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Laundry Features: In Basement

Schools

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

Lot Info

  • Acres: 0.5200
  • Deed Book: 6589
  • Deed Page: 192
  • Lot Features: Wooded
  • Lot Dimensions: .52A
  • Parcel Number: 198 200
  • Property Attached Yn: No

Tax Info

  • Taxes: 4178.00
  • Assessor Parcel Number: 198-000-200
  • Close Date: 2019-03-06
  • Tax Year: 2018

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

Closed on
Feb 7, 2024
Sold by
Schmidt Milton F and Ramirez Maria Fernanda
Bought by
Schmidt
Total Days on Market
11
Current Estimated Value
$542,674

Purchase Details

Listed on
Jan 16, 2019
Closed on
Mar 6, 2019
Sold by
Riggle Susan J
Bought by
Schmidt Milton F and Ramirez Maria Fernanda
Seller's Agent
Mark Spain
Mark Spain Real Estate
Buyer's Agent
Teffany Emerson
Century 21 Results
List Price
$350,000
Sold Price
$350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.28%
Original Mortgage
$339,500
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2004
Sold by
Mickelson Margie A
Bought by
Faklaris Christoper J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
4.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 30, 1993
Sold by
Siler M Dan
Bought by
Mickelson Margie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,900
Interest Rate
7.25%

Range of Values:

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Average Value
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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
Schmidt -- None Listed On Document
Schmidt Milton F $350,000 --
Faklaris Christoper J $270,000 --
Mickelson Margie A $69,950 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schmidt Milton F $339,500
Previous Owner Schmidt Milton F $339,500
Previous Owner Riggle Susan J $206,100
Previous Owner Faklaris Christoper J $216,000
Previous Owner Mickelson Margie A $171,500
Previous Owner Mickelson Margie A $134,010
Previous Owner Mickelson Margie A $132,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2019 03/06/19 Sold $350,000 0.0% $177 / Sq Ft
01/27/2019 01/27/19 Pending -- -- --
01/16/2019 01/16/19 For Sale $350,000 -- $177 / 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 $1,195 $213,840 $140,000 $73,840
2023 $1,064 $184,368 $112,000 $72,368
2022 $4,366 $145,320 $98,000 $47,320
2021 $3,923 $145,320 $98,000 $47,320
2020 $3,776 $140,000 $88,960 $51,040
2019 $4,263 $154,172 $98,000 $56,172
2018 $4,178 $151,072 $98,000 $53,072
2017 $3,401 $122,524 $79,800 $42,724
2016 $3,284 $118,324 $75,600 $42,724
2015 $3,134 $112,724 $70,000 $42,724
2014 $2,891 $109,204 $70,000 $39,204
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6120959

First Multiple Listing Service (FMLS)

APN: 198-200