NOT LISTED FOR SALE

1500 W Lake Dr Gainesville, GA 30501

Estimated Value: $638,000 - $1,153,000

4 Beds
3.5 Baths
4,056 Sq Ft
$242/Sq Ft Est. Value

Last Sold February 22, 2022

Last sale price $870,000 $214 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $6,045/month

Highlights

  • 452 Feet of Waterfront
  • Open-Concept Dining Room
  • Lake View
  • Covered dock with one slips
  • RV or Boat Parking
  • Deck

About This Home

As of February 2022

One of Lake Lanier's best lots-Private with an easy walk to deep water and year-round views. Rare find on Lake Lanier-Gentle 1.13 acre, culdesac lot; Mowing permit for grass to water. Year-round water views from this well crafted, solid home; Massive stone fireplace on each level; Beautiful pegged wood flooring and beamed ceilings. Sullivan & Forbes sunroom overlooks back with decks on either side that overlook fenced back yard; Garage outbuilding plus a storage outbuilding. BRAND NEW HVAC at terrace level-installed Dec 2021. So quiet and private with almost unheard of 452' of US Corp lake frontage along a deep cove. Close to shopping, schools, hospital and restaurants.

Last Agent to Sell the Property

Kim Waters

The Norton Agency License #147810 Listed on: 12/08/2021

The Norton Agency

Last Buyer's Agent

Maureen Reese

Atlanta Communities License #390671

Atlanta Communities

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,090

Year Built

  • Built in 1975

Lot Details

  • 1.13 Acre Lot
  • Lot Dimensions are 200 x 245
  • 452 Feet of Waterfront
  • Lake Front
  • Private Entrance
  • Chain Link Fence
  • Level Lot
  • Back Yard Fenced and Front Yard

Parking

  • 3 Car Garage
  • Side Facing Garage
  • RV or Boat Parking

Home Design

  • Ranch Style House
  • Fixer Upper
  • Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Beamed Ceilings
  • Ceiling height of 9 feet on the main level
  • Ceiling Fan
  • Wood Burning Stove
  • Fireplace With Gas Starter
  • Fireplace Features Masonry
  • Insulated Windows
  • Private Rear Entry
  • Entrance Foyer
  • Great Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Open-Concept Dining Room
  • Sun or Florida Room
  • Lake Views
  • Fire and Smoke Detector

Kitchen

  • Open to Family Room
  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • Studio bedroom
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Bathtub and Shower Combination in Primary Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Finished Basement

  • Basement Fills Entire Space Under The House
  • Fireplace in Basement
  • Finished Basement Bathroom

Outdoor Features

  • Covered dock with one slips
  • Deck
  • Patio
  • Outdoor Storage
  • Outbuilding

Location

  • Property is near schools
  • Property is near shops

Schools

  • Centennial Arts Academy Elementary School
  • Gainesville Middle School
  • Gainesville High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 220 Volts
  • Gas Water Heater
  • Septic Tank

Community Details

  • Lakeshore Heights Subdivision

Listing and Financial Details

  • Legal Lot and Block 13 / C
  • Assessor Parcel Number 01114 001146

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,090

Year Built

Built in 1975

Lot Details

0

Parking

3

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Property Condition: Fixer Upper
  • Year Built: 1975
  • Levels Stories: One
  • Above Grade Finished Sq Ft: 2116.00
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Ceramic Tile, Hardwood
  • Fireplace Features: Basement, Gas Starter, Living Room, Masonry, Wood Burning Stove
  • Number Of Fireplaces: 2
  • Appliances: Dishwasher, Electric Range, Gas Water Heater
  • Interior Amenities: Beamed Ceilings, Entrance Foyer, High Ceilings 9 ft Main
  • Basement: Finished, Finished Bath, Full
  • Kitchen Features: View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Sun Room
  • Dining Room Features: Great Room, Open Concept
  • Square Footage: 4056.00
  • Spa Features: None
  • Window Features: Insulated Windows
  • Below Grade Finished Sq Ft: 1940.00

Beds/Baths

  • Total Bedrooms: 4
  • Bedroom Features: Master on Main, Studio
  • Lower Bedrooms: 2
  • Main Bedrooms: 2
  • Total Bathrooms: 4
  • Total Full Baths: 3
  • Total Half Baths: 1
  • Lower Full Bathrooms: 1
  • Main Full Bathrooms: 2
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Tub/Shower Combo, Whirlpool Tub

Exterior Features

  • Other Structures: Garage(s), Outbuilding, RV/Boat Storage
  • Waterfront Frontage: 452
  • Construction Materials: Frame
  • Roof Type: Composition
  • Lake Name: Lanier
  • Fencing: Back Yard, Chain Link
  • Patio And Porch Features: Deck, Patio
  • Exterior Features: Private Front Entry, Private Rear Entry, Private Yard, Storage
  • View: Lake
  • Foundation: Concrete Perimeter

Garage/Parking

  • Carport or Garage: 3
  • Number of Garage Spaces: 3
  • Parking Features: Attached, Detached, Garage, Garage Faces Side

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air, Natural Gas
  • Laundry Features: Laundry Room, Main Level
  • Utilities: Electricity Available, Natural Gas Available
  • Electric: 220 Volts

Condo/Co-op/Association

  • Community Features: Near Schools, Near Shopping
  • Subdivision Complex: Lakeshore Heights

Schools

  • Elementary School: Centennial Arts Academy
  • Middle School: Gainesville
  • High School: Gainesville

Lot Info

  • Acres: 1.1300
  • Lot: 13
  • Land/Lot: 163
  • Section G M D: 7
  • Deed Book: 2786
  • Deed Page: 156
  • Plat Book: 141
  • Plat Page: 177
  • Lot Features: Back Yard, Front Yard, Level, Private
  • Lot Dimensions: 200 x 245
  • Parcel Number: 01114 001146
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 6090.00
  • Assessor Parcel Number: 01-00114-01-146
  • Close Date: 2022-02-22
  • Tax Year: 2020

Multi Family

  • Waterfront Features: Lake, Lake Front

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Centennial Arts Academy
  • High School: Gainesville
  • Middle School: Gainesville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2021
Closed on
Feb 22, 2022
Sold by
Phillips W Jones
Bought by
Reese Maureen Ellen and Reese Raymond John
Seller's Agent
Kim Waters
The Norton Agency
Buyer's Agent
Maureen Reese
Atlanta Communities
List Price
$899,900
Sold Price
$870,000
Premium/Discount to List
-$29,900
-3.32%
Current Estimated Value
$980,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,066
Avg. Annual Appreciation
3.35%
Original Mortgage
$647,200
Outstanding Balance
$603,609
Interest Rate
3.92%
Mortgage Type
Cash
Estimated Equity
$376,457

Purchase Details

Closed on
Dec 14, 1996
Sold by
Bennett Anita
Bought by
Phillips Jones
Source: Public Records

Range of Values:

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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
Reese Maureen Ellen $870,000 --
Phillips Jones $325,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reese Maureen Ellen $647,200
Closed Phillips Jones $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/22/2022 02/22/22 Sold $870,000 -3.3% $214 / Sq Ft
01/19/2022 01/19/22 Pending -- -- --
12/08/2021 12/08/21 For Sale $899,900 -- $222 / 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 $10,192 $356,152 $209,880 $146,272
2023 $1,326 $366,512 $218,360 $148,152
2022 $1,463 $312,488 $218,360 $94,128
2021 $1,064 $206,308 $109,160 $97,148
2020 $6,090 $202,948 $109,160 $93,788
2019 $6,044 $198,468 $109,160 $89,308
2018 $1,203 $204,908 $118,680 $86,228
2017 $1,345 $202,748 $118,680 $84,068
2016 $5,974 $197,588 $113,520 $84,068
2015 $3,504 $187,268 $103,200 $84,068
2014 $3,504 $187,268 $103,200 $84,068
Source: Public Records

Agents Affiliated with this Home

  • Kim Waters

    Seller's Agent in 2022

    Kim Waters

    The Norton Agency

    (770) 540-3788

    167 Total Sales

    Kim Waters
    Section Image
  • Maureen Reese

    Buyer's Agent in 2022

    Maureen Reese

    Atlanta Communities

    (678) 656-4897

    19 Total Sales

    Maureen Reese
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6978608

First Multiple Listing Service (FMLS)

APN: 01-00114-01-146

Georgia Hall County Gainesville 30501

1500 W Lake Dr, Gainesville, GA

This home is located at 1500 W Lake Dr, Gainesville, GA 30501 since 08 December 2021 and is currently estimated at $980,066, approximately $241 per square foot. This property was built in 1975. 1500 W Lake Dr is a home located in Hall County with nearby schools including Centennial Arts Academy, Gainesville Middle School, and Gainesville High School.

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