NOT LISTED FOR SALE

1505 Gathering Place Cumming, GA 30040

Estimated Value: $343,000 - $366,000

3 Beds
3.5 Baths
1,812 Sq Ft
$194/Sq Ft Est. Value

Last Sold May 24, 2019

Last sale price $200,000 $110 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $2,198/month

Highlights

  • Open-Concept Dining Room
  • No Units Above
  • Wood Flooring
  • Otwell Middle School Rated A
  • Deck
  • Ceiling height of 9 feet on the main level

About This Home

As of May 2019

Must see, move-in ready townhome in convenient Cumming location with private fenced yard. Located in quiet Pilgrim Lake, this 3 bedroom, 3 bath home has it all with hardwoods throughout, upgraded kitchen, upgraded master bath, and fresh paint. Relax in the fireside family room or enjoy the inviting kitchen with bay window breakfast nook. The large deck overlooks the easy to maintain fenced backyard giving plenty of outdoor space. Don't miss the wet bar in main level bedroom which is great for guests or in-laws. Close to Lake Lanier, GA-400, restaurants, and more.

Last Agent to Sell the Property

Kelly Thrash

Atlanta Fine Homes Sotheby's International License #350295 Listed on: 04/04/2019

Atlanta Fine Homes Sotheby's International

Last Buyer's Agent

Chris Wolfe

NOT A VALID MEMBER License #379792

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,465

Year Built

  • Built in 2003

Lot Details

  • 871 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Privacy Fence
  • Back Yard Fenced

HOA Fees

  • $73 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Pad
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,812 Sq Ft Home
  • 3-Story Property
  • Roommate Plan
  • Wet Bar
  • Rear Stairs
  • Ceiling height of 9 feet on the main level
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Entrance Foyer
  • Great Room with Fireplace
  • Family Room
  • Open-Concept Dining Room
  • Breakfast Room
  • Pull Down Stairs to Attic
  • Security System Owned

Kitchen

  • Breakfast Bar
  • Gas Range
  • Dishwasher
  • Wood Stained Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • Dual Closets
  • In-Law or Guest Suite
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub and Shower Combination in Primary Bathroom
  • Soaking Tub

Laundry

  • Laundry in Hall
  • Laundry on upper level

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Underground Utilities
  • 110 Volts
  • Phone Available
  • Cable TV Available

Additional Features

  • Energy-Efficient Thermostat
  • Deck

Listing and Financial Details

  • Tax Lot 153
  • Assessor Parcel Number 194 659

Community Details

Overview

  • Pilgrim Lake Subdivision
  • Rental Restrictions

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,465

Year Built

Built in 2003

Lot Details

0

HOA Fees

$73 per month

Parking

1

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Townhouse
  • Architectural Style: Townhouse
  • Property Condition: Resale
  • Year Built: 2003
  • Levels Stories: Three Or More
  • Special Features: None

Property Details

  • Property: Residential Attached

Interior Features

  • Flooring: Hardwood, Vinyl
  • Fireplace Features: Gas Log, Great Room
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Disposal, Gas Range
  • Interior Amenities: Disappearing Attic Stairs, Entrance Foyer, High Ceilings 9 ft Main, High Ceilings 9 ft Upper, His and Hers Closets, Wet Bar
  • Kitchen Features: Breakfast Bar, Breakfast Room, Cabinets Stain
  • Common Walls: 2+ Common Walls, No One Above
  • Additional Rooms: Family Room
  • Dining Room Features: Open Concept
  • Square Footage: 1812.00
  • Spa Features: None
  • Window Features: Insulated Windows

Beds/Baths

  • Total Bedrooms: 3
  • Bedroom Features: In-Law Suite/Apartment, Roommate Floor Plan
  • Lower Bedrooms: 1
  • Total Bathrooms: 4
  • Total Full Baths: 3
  • Total Half Baths: 1
  • Lower Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Soaking Tub, Tub/Shower Combo

Exterior Features

  • Construction Materials: Vinyl Siding
  • Roof Type: Composition
  • Fencing: Back Yard, Fenced, Privacy
  • Patio And Porch Features: Deck
  • Exterior Features: Rear Stairs

Garage/Parking

  • Carport or Garage: 1
  • Number of Garage Spaces: 1
  • Number Of Parking Spaces: 2
  • Parking Features: Attached, Garage, Garage Door Opener, Garage Faces Front, Parking Pad

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Security System Owned, Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Zoned
  • Heating: Natural Gas, Zoned
  • Laundry Features: In Hall, Upper Floor
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available
  • Electric: 110 Volts

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Grounds, Reserve Fund, Sewer, Trash
  • HOA Rent Restrictions: Yes
  • Community Features: Homeowners Assoc
  • Association Fee: 73
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Subdivision Complex: Pilgrim Lake

Association/Amenities

  • Number Of Units In Community: 1

Schools

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

Lot Info

  • Acres: 0.0200
  • Lot: 153
  • Land/Lot: 1047
  • Section G M D: 1st
  • Plat Book: 74
  • Plat Page: 181
  • Lot Features: Back Yard
  • Lot Dimensions: x 0
  • Parcel Number: 194 659
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: Yes

Green Features

  • Efficiency: Thermostat
  • Green Energy Generation: None

Tax Info

  • Taxes: 1465.00
  • Assessor Parcel Number: 194-000-659
  • Close Date: 2019-05-24
  • Tax Year: 2018

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2019
Closed on
May 24, 2019
Sold by
Elhabbassi Jake M
Bought by
Schuchart Regina F
Seller's Agent
Kelly Thrash
Atlanta Fine Homes Sotheby's International
Buyer's Agent
Chris Wolfe
NOT A VALID MEMBER
List Price
$199,000
Sold Price
$200,000
Premium/Discount to List
$1,000
0.5%
Current Estimated Value
$351,164

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,164
Avg. Annual Appreciation
9.29%
Original Mortgage
$196,377
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 28, 2018
Closed on
Apr 27, 2018
Sold by
Battle Michael E
Bought by
Elhabbassi Jake M
Seller's Agent
Ken Harris
Ken Harris and Associates Realty
Buyer's Agent
Sandra M Elhabbassi
NOT A VALID MEMBER
List Price
$174,900
Sold Price
$178,500
Premium/Discount to List
$3,600
2.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.21%
Original Mortgage
$175,266
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Listed on
Dec 20, 2015
Closed on
Apr 22, 2016
Sold by
Battle Michael E
Bought by
Battle Micahel E and Posley Nika D
Seller's Agent
Rhonda Duffy
Duffy Realty of Atlanta
Buyer's Agent
Ken Harris
NOT A VALID MEMBER
List Price
$150,000
Sold Price
$137,000
Premium/Discount to List
-$13,000
-8.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.07%
Original Mortgage
$134,518
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 29, 2011
Sold by
Hud & Housing Of Urban Dev
Bought by
Franklin Kelly L and Malone Nicholas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,000
Interest Rate
4.53%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 7, 2010
Sold by
Wells Fargo Bk Na
Bought by
Hud & Housing Of Urban Dev

Purchase Details

Closed on
Jun 30, 2003
Sold by
Homeland Legacy Inc
Bought by
Espinoa Rosa D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,476
Interest Rate
5.29%
Mortgage Type
FHA
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
Schuchart Regina F $200,000 --
Elhabbassi Jake M $178,500 --
Battle Micahel E -- --
Battle Michael E $137,000 --
Franklin Kelly L -- --
Franklin Kelly L $67,000 --
Hud & Housing Of Urban Dev -- --
Wells Fargo Bk Na $138,476 --
Espinoa Rosa D $140,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schuchart Regina F $196,377
Previous Owner Elhabbassi Jake M $175,266
Previous Owner Battle Michael E $134,518
Previous Owner Franklin Kelly L $67,000
Previous Owner Franklin Kelly L $67,144
Previous Owner Espinoa Rosa D $138,476
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2019 05/24/19 Sold $200,000 +0.5% $110 / Sq Ft
04/07/2019 04/07/19 Pending -- -- --
04/04/2019 04/04/19 For Sale $199,000 +11.5% $110 / Sq Ft
04/27/2018 04/27/18 Sold $178,500 +2.1% $99 / Sq Ft
03/16/2018 03/16/18 Pending -- -- --
02/28/2018 02/28/18 For Sale $174,900 +27.7% $97 / Sq Ft
04/22/2016 04/22/16 Sold $137,000 -2.1% $76 / Sq Ft
03/07/2016 03/07/16 Pending -- -- --
03/04/2016 03/04/16 Price Changed $140,000 -1.4% $77 / Sq Ft
02/19/2016 02/19/16 Price Changed $142,000 -0.7% $78 / Sq Ft
02/05/2016 02/05/16 Price Changed $143,000 -2.7% $79 / Sq Ft
01/25/2016 01/25/16 Price Changed $147,000 -2.0% $81 / Sq Ft
12/20/2015 12/20/15 For Sale $150,000 -- $83 / 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 $3,245 $142,468 $54,000 $88,468
2024 $3,245 $132,332 $54,000 $78,332
2023 $3,112 $126,428 $40,000 $86,428
2022 $2,616 $83,400 $22,000 $61,400
2021 $2,303 $83,400 $22,000 $61,400
2020 $2,155 $78,048 $20,000 $58,048
2019 $1,669 $60,336 $18,000 $42,336
2018 $1,465 $57,636 $18,000 $39,636
2017 $1,337 $51,324 $18,000 $33,324
2016 $1,190 $46,684 $14,000 $32,684
2015 $1,110 $43,084 $10,400 $32,684
2014 $981 $40,332 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6530635

First Multiple Listing Service (FMLS)

APN: 194-659