NOT LISTED FOR SALE

1360 Timber Lake Trail Cumming, GA 30041

Estimated Value: $333,000 - $380,000

3 Beds
2 Baths
1,042 Sq Ft
$339/Sq Ft Est. Value

Last Sold July 31, 2020

Last sale price $200,000 $192 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $2,119/month

Highlights

  • Ranch Style House
  • Cathedral Ceiling
  • White Kitchen Cabinets
  • Mashburn Elementary School Rated A
  • Great Room with Fireplace
  • Open to Family Room

About This Home

As of July 2020

South Lake Lanier Location! Cozy step less ranch situated in a park-like setting. Soaring cathedral ceilings. Spacious 3 bedrooms with 2 full baths. Brand new hard surface flooring throughout the home. Storage outbuilding and a carport. NO HOA! Located 2 miles off of Hwy. GA 400. Convenient to Marketplace Blvd., with plenty of shopping and restaurants. 3 miles from Mary Alice boat ramp and beach area. Seller offers a Home Warranty with purchase. Best value in Cumming!!

Last Agent to Sell the Property

Sanders Team

NOT A VALID MEMBER Listed on: 06/01/2020

NOT A VALID MEMBER

Co-Listed By

Kelly Logan

Lantern Real Estate Group License #385045

Last Buyer's Agent

Sekhar Putta

Maximum One Executive Realtors License #357271

Maximum One Executive Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $180

Year Built

  • Built in 1989

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 75x203x71x203
  • Back and Front Yard

Home Design

  • Ranch Style House
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,042 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Insulated Windows
  • Great Room with Fireplace
  • Pull Down Stairs to Attic
  • Laundry in Hall

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Electric Range
  • Dishwasher
  • Laminate Countertops
  • White Kitchen Cabinets

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms
  • Vaulted Bathroom Ceilings
  • Bathtub and Shower Combination in Primary Bathroom

Outdoor Features

  • Patio
  • Outdoor Storage
  • Outbuilding
  • Front Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • 110 Volts
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • Lanier Country Club Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Legal Lot and Block 18 / E
  • Assessor Parcel Number 198 190

Home Details

Home Type

Single Family

Est. Annual Taxes

$180

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Condition: Resale
  • Year Built: 1989
  • Levels Stories: One
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Fireplace Features: Great Room
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
  • Interior Amenities: Cathedral Ceiling(s), Disappearing Attic Stairs, High Speed Internet
  • Kitchen Features: Cabinets White, Laminate Counters, Eat-in Kitchen, View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Great Room - 1 Story
  • Square Footage: 1042.00
  • Spa Features: None
  • Window Features: Insulated Windows

Beds/Baths

  • Total Bedrooms: 3
  • Main Bedrooms: 3
  • Total Bathrooms: 2
  • Total Full Baths: 2
  • Main Full Bathrooms: 2
  • Master Bathroom Features: Tub/Shower Combo, Vaulted Ceilings

Exterior Features

  • Other Structures: Outbuilding
  • Construction Materials: Frame
  • Roof Type: Composition
  • Patio And Porch Features: Front Porch, Patio
  • Exterior Features: Storage

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central
  • Laundry Features: In Hall
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Water Available
  • Electric: 110 Volts

Condo/Co-op/Association

  • Home Warranty: Yes
  • Subdivision Complex: Lanier Country Club

Schools

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

Lot Info

  • Acres: 0.3400
  • Lot: 18
  • Land/Lot: 148
  • Section G M D: 1st
  • Plat Book: 1
  • Plat Page: 397
  • Lot Features: Back Yard, Front Yard
  • Lot Dimensions: 75x203x71x203
  • Parcel Number: 198 190
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 180.00
  • Assessor Parcel Number: 198-000-190
  • Close Date: 2020-07-31
  • Tax Year: 2017

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2020
Closed on
Jul 31, 2020
Sold by
Beeken Kathryn M
Bought by
Gangumalla Sreenath R
Seller's Agent
Sanders Team
NOT A VALID MEMBER
Buyer's Agent
Sekhar Putta
Maximum One Executive Realtors
List Price
$225,000
Sold Price
$200,000
Premium/Discount to List
-$25,000
-11.11%
Current Estimated Value
$353,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,123
Avg. Annual Appreciation
11.65%
Original Mortgage
$150,000
Outstanding Balance
$133,061
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$220,062

Purchase Details

Closed on
Jan 31, 2008
Sold by
Burel Bill J
Bought by
Beeken Kathryn N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,813
Interest Rate
6.17%
Mortgage Type
New Conventional
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
Gangumalla Sreenath R $200,000 --
Beeken Kathryn N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gangumalla Sreenath R $150,000
Previous Owner Beeken Kathryn N $61,813
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2020 07/31/20 Sold $200,000 -11.1% $192 / Sq Ft
06/07/2020 06/07/20 Pending -- -- --
06/01/2020 06/01/20 For Sale $225,000 -- $216 / 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 $2,956 $127,348 $46,000 $81,348
2024 $2,956 $120,560 $38,400 $82,160
2023 $2,518 $102,284 $32,000 $70,284
2022 $2,199 $66,524 $20,000 $46,524
2021 $1,837 $66,524 $20,000 $46,524
2020 $179 $57,972 $16,000 $41,972
2019 $180 $56,084 $18,000 $38,084
2018 $184 $49,072 $18,000 $31,072
2017 $180 $43,376 $18,000 $25,376
2016 $178 $41,376 $16,000 $25,376
2015 $174 $37,376 $12,000 $25,376
2014 $156 $35,372 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6730917

First Multiple Listing Service (FMLS)

APN: 198-190