NOT LISTED FOR SALE

1516 Gathering Place Cumming, GA 30040

Estimated Value: $307,000 - $344,000

2 Beds
2.5 Baths
1,292 Sq Ft
$255/Sq Ft Est. Value

Last Sold July 20, 2021

Last sale price $252,000 $195 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $2,024/month

5 Days on Market

Highlights

  • Community Lake
  • Deck
  • Wooded Lot
  • Otwell Middle School Rated A
  • Private Lot
  • Vaulted Ceiling

About This Home

As of July 2021

Welcome home to this well kept, conveniently located townhome in Pilgrim Lake! Neutral colors and brand new carpet! As you enter the front door, you will find a spacious hallway with coat closet, interior access to the garage with space ready for a rec room stubbed for a full bath. Make your upstairs on the brand new carpet to a spacious living, dining, kitchen and half bath. Gas fireplace in the living and a private deck great for outdoor entertaining. The top level features a cozy master with a large walk in closet and master bath. Conveniently located laundry room and spacious secondary bedroom with its own private bath. The community features a private lake and is conveniently located across the street from the popular Cumming Aquatic Center. Great schools, great location, convenient to 400. We can't wait for you to call this home.

Last Agent to Sell the Property

Lynda Kurtz

Atlanta Communities License #210423 Listed on: 06/16/2021

Atlanta Communities

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,686

Year Built

  • Built in 2022

Lot Details

  • 436 Sq Ft Lot
  • Two or More Common Walls
  • Wooded Lot

HOA Fees

  • $76 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Aluminum Siding
  • Vinyl Siding
  • Brick Front

Interior Spaces

  • 3-Story Property
  • Tray Ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • Great Room
  • Formal Dining Room
  • Carpet
  • Open Access

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry in Hall
  • Laundry on upper level

Basement

  • Partial Basement
  • Interior Basement Entry
  • Stubbed For A Bathroom

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Drive Under Main Level

Outdoor Features

  • Deck
  • Patio

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tax Lot 131

Community Details

Overview

  • $531 Initiation Fee
  • Association fees include trash, ground maintenance, management fee, private roads
  • Pilgrim Lake Subdivision
  • Community Lake

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,686

Year Built

Built in 2022

Lot Details

0

HOA Fees

$76 per month

Listing Details

  • Property Type: Residential
  • District: 3
  • Section: 1
  • Year Built: 2022
  • ArchitecturalStyle: Brick Front, Traditional
  • Main Level Half Bathrooms: 1
  • Financing Type: Conventional
  • Levels: Three Or More
  • Lot Size Acres: .01
  • Property Sub-Type: Townhouse
  • Total Finished Area2: 1292
  • Special Features: NewHome
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Oven/Range (Combo), Refrigerator
  • Bedrooms: 2
  • Dining Room Features: Separate Room
  • Basement: Bath/Stubbed, Interior Entry, Partial
  • Total Finished Sq Ft: 1292
  • Unfinished Below Grade Sq Ft: 216
  • Above Grade Finished Sq Ft: 1292
  • Interior Amenities: Tray Ceiling(s), Vaulted Ceiling(s), High Ceilings, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplace Features: Family Room, Gas Starter, Gas Log
  • Flooring: Carpet
  • Kitchen Features: Pantry
  • Price Per Square Foot: 195.046

Beds/Baths

  • Upper Level Full Bathrooms: 2

Exterior Features

  • Common Walls: 2+ Common Walls
  • Construction Materials: Aluminum Siding, Vinyl Siding
  • Lot Features: Private
  • Patio And Porch Features: Deck, Patio
  • Property Condition: Resale
  • Roof: Other

Garage/Parking

  • Parking Features: Garage Door Opener, Basement, Garage, Over 1 Space per Unit
  • ParkingTotal: 1

Utilities

  • Cooling: Electric, Ceiling Fan(s), Central Air
  • Heating: Natural Gas, Central, Forced Air
  • Laundry Features: In Hall, Upper Level, Laundry Closet
  • Security Features: Open Access, Smoke Detector(s)
  • Utilities: Sewer Connected
  • Water Source: Public

Condo/Co-op/Association

  • Annual Association Fee: 912
  • Association: Yes
  • Community Features: Lake

Fee Information

  • Initiation Fee: 531
  • Association Fee Includes: Trash, Maintenance Grounds, Management Fee, Private Roads

Schools

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

Lot Info

  • Land Lot: 1047
  • Lot: 131

Multi Family

  • Total Fireplaces: 1

Tax Info

  • Year: 2020
  • Tax Annual Amount: 1686

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2021
Closed on
Jul 20, 2021
Sold by
Sugg Jennifer
Bought by
Gurley Heike
Seller's Agent
Lynda Kurtz
Atlanta Communities
List Price
$240,000
Sold Price
$252,000
Premium/Discount to List
$12,000
5%
Current Estimated Value
$328,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,880
Avg. Annual Appreciation
6.61%
Original Mortgage
$184,000
Outstanding Balance
$167,562
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$161,318

Purchase Details

Closed on
Jan 31, 2003
Sold by
Homeland Legacy Inc
Bought by
Sugg Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,000
Interest Rate
5.89%
Mortgage Type
FHA
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
Gurley Heike $252,000 --
Sugg Jennifer $116,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gurley Heike $184,000
Closed Gurley Heike $184,000
Previous Owner Sugg Jennifer $101,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2021 07/20/21 Sold $252,000 +5.0% $195 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
06/16/2021 06/16/21 For Sale $240,000 -- $186 / Sq Ft
Source: Georgia MLS

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 $2,536 $129,540 $54,000 $75,540
2024 $2,536 $120,964 $54,000 $66,964
2023 $2,058 $114,940 $40,000 $74,940
2022 $2,185 $74,124 $22,000 $52,124
2021 $1,784 $74,124 $22,000 $52,124
2020 $1,686 $69,372 $20,000 $49,372
2019 $1,538 $62,100 $18,000 $44,100
2018 $1,439 $57,068 $18,000 $39,068
2017 $1,313 $50,840 $18,000 $32,840
2016 $1,195 $46,200 $14,000 $32,200
2015 $1,097 $42,600 $10,400 $32,200
2014 $968 $39,848 $10,400 $29,448
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lynda Kurtz

    Atlanta Communities

    (678) 910-6805

    9 in this area

    57 Total Sales

    Lynda Kurtz
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Map

Source: Georgia MLS

MLS Number: 8997734

Georgia MLS

APN: 194-637

Georgia Forsyth County Cumming 30040

1516 Gathering Place, Cumming, GA

This home is located at 1516 Gathering Place, Cumming, GA 30040 since 16 June 2021 and is currently estimated at $328,880, approximately $254 per square foot. This property was built in 2022. 1516 Gathering Place 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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