NOT LISTED FOR SALE

1308 Elderwood Way Cumming, GA 30041

Estimated Value: $456,000 - $503,000

3 Beds
2.5 Baths
1,900 Sq Ft
$250/Sq Ft Est. Value

Last Sold May 22, 2020

Last sale price $276,075 $145 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $2,848/month

Highlights

  • Bonus Room
  • Community Pool
  • Double Oven
  • Otwell Middle School Rated A
  • Computer Room
  • White Kitchen Cabinets

About This Home

As of September 2024

Beautiful TH available from Sep 1st 2024, No Application Fee Charged for qualified tenants with Credit Score above 650 and Yearly Income Above 60K. Low Monthly Maintenance with HOA taking care of the Lawn, landscape etc and Low Utilities Bills. Very close to Shopping and Exit 15 on Hwy 400. Minutes' Drive to Beautiful Lake Lanier, Cumming Downtown, Sawnee Mountain. Community Amenities include Swimming Pool, Tennis Courts. Most Popular Lennar Built Chastain Model with a Bonus Room/Computer Room upstairs. All Appliances are included and ready to move.

Last Agent to Rent the Property

Vijayendar Garlapati

GVR Realty, LLC. License #357616 Listed on: 07/30/2024

Last Renter's Agent

NON-MLS NMLS

Non FMLS Member

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,250

Year Built

  • Built in 2020

Lot Details

  • 2,178 Sq Ft Lot
  • Two or More Common Walls
  • Back Yard

Parking

  • 2 Car Garage

Home Design

  • Shingle Roof
  • Brick Front

Interior Spaces

  • 1,900 Sq Ft Home
  • 2-Story Property
  • Roommate Plan
  • Insulated Windows
  • Family Room with Fireplace
  • Computer Room
  • Bonus Room
  • Smart Home

Kitchen

  • Double Oven
  • Electric Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • White Kitchen Cabinets
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry in Kitchen
  • Dryer

Schools

  • Cumming Elementary School
  • Otwell Middle School
  • Forsyth Central High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Accessible Entrance
  • Patio
  • Property is near schools

Listing and Financial Details

  • Security Deposit $2,350
  • 12 Month Lease Term
  • $50 Application Fee
  • Assessor Parcel Number 195 351

Community Details

Overview

  • Property has a Home Owners Association
  • Application Fee Required
  • Cannon Place Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Pets Allowed
  • Pet Deposit $500

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,250

Year Built

Built in 2020

Lot Details

0

Parking

2

Rental Info

  • Furnished: Unfurnished
  • Tenant Pays: All Utilities, Cable TV, Electricity, Gas, Pest Control, Security, Telephone, Trash Collection, Water
  • Credit Report Required: Yes
  • Deposit: 2350
  • Lease Term: 12 Months
  • Move Out Fee: Yes
  • Move Out Fee: 250.00
  • Per Adult Dollar: 50.00
  • Per Family Dollar: 100.00
  • Pets Allowed: Yes
  • Application Fee Per Adult: Yes
  • Application Fee Per Family: Yes
  • Pet Deposit Dollar: 500.00
  • Deposit Required: Last Month’s Rent, Pet, Security

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Lease
  • MLS Status: Closed
  • Property Sub Type: Townhouse
  • Architectural Style: Townhouse
  • Year Built: 2020
  • Accessibility Features: Accessible Entrance
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Lease

Interior Features

  • Flooring: Carpet, Vinyl
  • Fireplace Features: Family Room
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Disposal, Double Oven, Dryer, Electric Oven, Electric Range, Gas Cooktop, Microwave
  • Interior Amenities: Smart Home
  • Kitchen Features: Cabinets White
  • Common Walls: 2+ Common Walls
  • Additional Rooms: Bonus Room, Computer Room
  • Square Footage: 1900.00
  • Spa Features: None
  • Window Features: Insulated Windows

Beds/Baths

  • Total Bedrooms: 3
  • Bedroom Features: Roommate Floor Plan, Split Bedroom Plan
  • Total Bathrooms: 3
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Separate Tub/Shower

Exterior Features

  • Construction Materials: Brick Front
  • Roof Type: Shingle
  • Patio And Porch Features: Patio
  • Exterior Features: Tennis Court(s)
  • Pool Private: No

Garage/Parking

  • Carport or Garage: 2
  • Number of Garage Spaces: 2
  • Parking Features: Garage

Utilities

  • Security: Carbon Monoxide Detector(s), Fire Alarm, Smoke Detector(s)
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: In Kitchen
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Community Features: Homeowners Assoc, Near Schools, Pool, Tennis Court(s)
  • Management: Professionally Managed
  • Subdivision Complex: Cannon Place

Schools

  • Elementary School: Cumming
  • Middle School: Otwell
  • High School: Forsyth Central

Lot Info

  • Acres: 0.0500
  • Lot Features: Back Yard, Level
  • Lot Dimensions: x
  • Parcel Number: 195 351
  • Property Attached Yn: No

Tax Info

  • Assessor Parcel Number: 195-000-351
  • Close Date: 2024-09-09

MLS Schools

  • Elementary School: Cumming
  • High School: Forsyth Central
  • Middle School: Otwell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2020
Closed on
May 22, 2020
Sold by
Lennar Georgia Inc
Bought by
Bonala Sudheer
Seller's Agent
Vijayendar Garlapati
GVR Realty, LLC.
Buyer's Agent
NON-MLS NMLS
Non FMLS Member
Sold Price
$1,750
Current Estimated Value
$475,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$473,906
Avg. Annual Appreciation
10.52%
Original Mortgage
$207,056
Outstanding Balance
$142,109
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$333,547
Source: Public Records

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
Bonala Sudheer $276,075 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bonala Sudheer $207,056
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/09/2024 09/09/24 Rented $2,200 -2.2% --
08/26/2024 08/26/24 Price Changed $2,250 -4.3% $1 / Sq Ft
07/30/2024 07/30/24 For Rent $2,350 +6.8% --
03/11/2024 03/11/24 Rented $2,200 -2.2% --
02/29/2024 02/29/24 For Rent $2,250 +28.6% --
06/12/2020 06/12/20 Rented $1,750 0.0% --
05/22/2020 05/22/20 Sold $276,075 0.0% $146 / Sq Ft View Prior Sale
05/16/2020 05/16/20 For Rent $1,749 0.0% --
12/31/2019 12/31/19 Pending -- -- --
12/11/2019 12/11/19 Price Changed $276,300 -0.1% $146 / Sq Ft
12/11/2019 12/11/19 For Sale $276,600 -- $147 / 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 $4,250 $182,624 $54,000 $128,624
2024 $4,250 $173,316 $54,000 $119,316
2023 $4,240 $172,248 $52,000 $120,248
2022 $3,298 $107,052 $32,000 $75,052
2021 $2,956 $107,052 $32,000 $75,052
2020 $884 $32,000 $32,000 $0
2019 $498 $18,000 $18,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Vijayendar Garlapati

    Landlord's Agent in 2024

    Vijayendar Garlapati

    GVR Realty, LLC.

    (470) 662-9274

    10 in this area

    189 Total Sales

    Vijayendar Garlapati
    Section Image

  • N

    Tenant's Agent in 2024

    NON-MLS NMLS

    Non FMLS Member

  • Tamra Wade

    Seller's Agent in 2020

    Tamra Wade

    RE/MAX

    (770) 502-6232

    9 in this area

    2,851 Total Sales

    Tamra Wade
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7428816

First Multiple Listing Service (FMLS)

APN: 195-351

Georgia Forsyth County Cumming 30041

1308 Elderwood Way, Cumming, GA

This home is located at 1308 Elderwood Way, Cumming, GA 30041 since 30 July 2024 and is currently priced at $475,656. This property was built in 2020. 1308 Elderwood Way is a home located in Forsyth County with nearby schools including Cumming Elementary School, Otwell Middle School, and Forsyth Central High School.

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