NOT LISTED FOR SALE

1640 Magnolia Place Cumming, GA 30040

Estimated Value: $372,000 - $421,076

4 Beds
3 Baths
2,338 Sq Ft
$172/Sq Ft Est. Value

Last Sold June 27, 2024

Last sale price $430,000 $184 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $2,212/month

28 Days on Market

Highlights

  • Home fronts a creek
  • Above Ground Pool
  • Wooded Lot
  • Otwell Middle School Rated A
  • Private Lot
  • Traditional Architecture

About This Home

As of June 2024

Charming Ranch with no HOA Located in the city limits of downtown Cumming within walking distance to Forsyth County Arts and Learning Center. The home has two masters. One on the main level, as well as one on the lower level with a large cedar closet. Upstairs master has been completely renovated. Hall bath includes a large soaking tab. Complete kitchen renovation in 2021 and includes a refrigerator and spacious pantry. Granite countertops washer and dryer to remain too! Nice sunroom off the kitchen. New HVAC in 2021 and new furnace in 2023. The entire interior was painted in 2022 decking for pool repaired or replaced 2022. New liner 2022, new pool filter 2023. 20 trees removed 2022, fireplace painted and gas logs added in 2023. Approximately 2.5 miles to the new Cumming City Center.

Last Agent to Sell the Property

ROBERT REILLY

Century 21 Results License #277986 Listed on: 05/10/2024

Century 21 Results

Last Buyer's Agent

Millie Duran-Gonzalez

Keller Williams Chattahoochee License #283824

Keller Williams Chattahoochee

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $781

Year Built

  • Built in 1985

Lot Details

  • 0.81 Acre Lot
  • Home fronts a creek
  • Back Yard Fenced
  • Private Lot
  • Wooded Lot

Home Design

  • Traditional Architecture
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Rear Stairs
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Sun or Florida Room
  • Laminate Flooring

Kitchen

  • Breakfast Area or Nook
  • Double Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms

Laundry

  • Laundry in Mud Room
  • Laundry in Hall

Finished Basement

  • Exterior Basement Entry
  • Finished Basement Bathroom
  • Natural lighting in basement

Parking

  • 1 Car Garage
  • Parking Accessed On Kitchen Level
  • Garage Door Opener

Outdoor Features

  • Above Ground Pool
  • Shed

Schools

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

Utilities

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

Community Details

  • No Home Owners Association
  • Brookfield Subdivision

Listing and Financial Details

  • Tax Lot 53

Home Details

Home Type

Single Family

Est. Annual Taxes

$781

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1985
  • ArchitecturalStyle: Traditional
  • Financing Type: Conventional
  • Levels: One
  • Lot Size Acres: .81
  • Other Sturctures: Shed(s)
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 2338
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Double Oven, Microwave
  • Bedrooms: 4
  • Basement: Bath Finished, Daylight, Exterior Entry, Finished
  • Below Grade Finished Sq Ft: 946
  • Total Finished Sq Ft: 1392
  • Unfinished Below Grade Sq Ft: 446
  • Above Grade Finished Sq Ft: 1392
  • Interior Amenities: Master On Main Level, Other, Rear Stairs
  • Full Bathrooms: 3
  • Fireplace Features: Family Room, Gas Log
  • Flooring: Laminate
  • Kitchen Features: Breakfast Area, Kitchen Island, Pantry
  • Price Per Square Foot: 183.917

Beds/Baths

  • Lower Level Full Bathrooms: 1
  • Main Level Full Bathrooms: 2
  • Bedroom Lower Level: 1
  • Bedroom Main Level: 3

Exterior Features

  • Common Walls: No Common Walls
  • Construction Materials: Wood Siding
  • Fencing: Back Yard, Fenced, Wood
  • Lot Features: Private
  • Pool Features: Above Ground
  • Property Condition: Resale
  • Roof: Composition
  • Waterfront Features: Creek, No Dock Or Boathouse

Garage/Parking

  • Parking Features: Garage, Garage Door Opener, Kitchen Level
  • ParkingTotal: 1

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Laundry Features: In Hall, In Mud Room
  • Sewer: Public Sewer
  • Utilities: Other
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

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

Lot Info

  • Lot: 53
  • Deed Book: 10523
  • Deed Page: 92

Multi Family

  • Total Fireplaces: 1

Tax Info

  • Year: 2023
  • Tax Annual Amount: 781

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2021
Closed on
Dec 10, 2021
Sold by
Lanni Tina
Bought by
Taylor Honor
Seller's Agent
ROBERT REILLY
Century 21 Results
Buyer's Agent
ROBERT REILLY
Century 21 Results
List Price
$349,900
Sold Price
$335,000
Premium/Discount to List
-$14,900
-4.26%
Current Estimated Value
$403,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,019
Avg. Annual Appreciation
5.00%

Purchase Details

Closed on
Mar 31, 2008
Sold by
Osborne Martha L
Bought by
Lanni Tina and Farnham Shawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,296
Interest Rate
5.97%
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
Taylor Honor $335,000 --
Lanni Tina $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lanni Tina $172,296
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2024 06/27/24 Sold $430,000 -4.2% $184 / Sq Ft
05/31/2024 05/31/24 Price Changed $449,000 -2.2% $192 / Sq Ft
05/10/2024 05/10/24 For Sale $459,000 +37.0% $196 / Sq Ft
12/10/2021 12/10/21 Sold $335,000 -4.3% $241 / Sq Ft
11/12/2021 11/12/21 Pending -- -- --
11/12/2021 11/12/21 For Sale $349,900 -- $251 / 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 $896 $168,520 $36,000 $132,520
2024 $896 $152,244 $34,000 $118,244
2023 $781 $148,584 $30,000 $118,584
2022 $3,148 $84,520 $20,000 $64,520
2021 $2,092 $84,520 $20,000 $64,520
2020 $2,036 $81,836 $20,000 $61,836
2019 $1,975 $78,724 $18,000 $60,724
2018 $1,798 $69,884 $18,000 $51,884
2017 $1,661 $63,076 $18,000 $45,076
2016 $1,552 $59,076 $14,000 $45,076
2015 $1,320 $50,636 $12,000 $38,636
2014 $1,329 $53,488 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 10297089

Georgia MLS

APN: C32-063