$605,000
SOLD SEP 9, 2024

240 Gaines Oak Way Suwanee, GA 30024

4 Beds
2.5 Baths
2,822 Sq Ft
0.25 Acres

Recently Sold

$214 Per Sq Ft

3% Above List Price

3 Days on Market

Highlights

  • Open-Concept Dining Room
  • City View
  • Traditional Architecture
  • Riverside Elementary School Rated A
  • Oversized primary bedroom
  • Wood Flooring

About This Home

As of September 2024

Welcome to this beautifully maintained and updated home within walking distance to the best schools in Gwinnett County (N. Gwinnett HS cluster). All the floors have been updated and fresh paint throughout. Modern open concept kitchen, office/study, larger bedrooms, newer roof (5 years old) has been maintained and care. Swim/Tennis community with playground is perfect for a family. The house is only 1 mile from N. Gwinnett HS. You won't find a better house in a better location for a better price.

Please take off shoes or use the shoe covering provided.

Preferred closing attorney is Pacific Law Group, LLC.

The seller needs 30 days of lease back to purchase their new home.

7/21/2024 -- We have received multiple offers. We are calling for the highest and best by noon Monday 7/22

Last Agent to Sell the Property

Arnold Oh

EXP Realty, LLC. License #403345 Listed on: 07/19/2024

EXP Realty, LLC.

Last Buyer's Agent

Esther Rao

America Realty Center, Inc. License #441745

America Realty Center, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,623

Year Built

  • Built in 2000

Lot Details

  • 0.25 Acre Lot
  • Back and Front Yard

HOA Fees

  • $51 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • HardiePlank Type

Interior Spaces

  • 2,822 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet on the main level
  • Insulated Windows
  • Open-Concept Dining Room
  • Bonus Room
  • Wood Flooring
  • City Views
  • Laundry closet

Kitchen

  • Double Oven
  • Dishwasher
  • White Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Oversized primary bedroom
  • Dual Vanity Sinks in Primary Bathroom

Outdoor Features

  • Patio

Schools

  • Riverside - Gwinnett Elementary School
  • North Gwinnett Middle School
  • North Gwinnett High School

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts
  • 110 Volts
  • Phone Available
  • Cable TV Available

Community Details

  • Built by Alcovy Builders, Inc.
  • Grandview Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Legal Lot and Block 3 / D
  • Assessor Parcel Number R7287 297

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,623

Year Built

Built in 2000

Lot Details

0

HOA Fees

$51 per month

Parking

2

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Property Condition: Resale
  • Year Built: 2000
  • Levels Stories: Two
  • Above Grade Finished Sq Ft: 2822.00
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Hardwood
  • Appliances: Dishwasher, Disposal, Double Oven
  • Interior Amenities: High Ceilings 9 ft Main
  • Kitchen Features: Cabinets White
  • Common Walls: No Common Walls
  • Additional Rooms: Bathroom, Bedroom, Bonus Room
  • Dining Room Features: Open Concept
  • Square Footage: 2822.00
  • Spa Features: None
  • Window Features: Insulated Windows

Beds/Baths

  • Total Bedrooms: 4
  • Bedroom Features: Oversized Master
  • Total Bathrooms: 3
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Double Vanity

Exterior Features

  • Construction Materials: Brick, HardiPlank Type
  • Roof Type: Composition
  • Patio And Porch Features: Patio
  • View: City
  • Pool Private: No
  • Foundation: Slab

Garage/Parking

  • Carport or Garage: 2
  • Number of Garage Spaces: 2
  • Parking Features: Garage

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Heating: Central, Forced Air
  • Laundry Features: Laundry Closet
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Electric: 110 Volts, 220 Volts

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Grounds
  • HOA Rent Restrictions: Yes
  • Association Fee: 610
  • Association Fee Frequency: Annually
  • Master Association Fee: 610
  • Master Association Fee Frequency: Annually
  • Association: Yes
  • Subdivision Complex: Grandview

Schools

  • Elementary School: Riverside - Gwinnett
  • Middle School: North Gwinnett
  • High School: North Gwinnett

Lot Info

  • Acres: 0.2500
  • Lot: 3
  • Land/Lot: 23
  • Section G M D: 43
  • Plat Book: 33
  • Plat Page: 2
  • Lot Features: Back Yard, Front Yard
  • Lot Dimensions: x 101
  • Parcel Number: R7287 297
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 7623.00
  • Assessor Parcel Number: R7287-297
  • Close Date: 2024-09-09
  • Tax Year: 2023

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Riverside - Gwinnett
  • High School: North Gwinnett
  • Middle School: North Gwinnett

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2024
Closed on
Aug 23, 2024
Sold by
Park Seo Y
Bought by
Wu Xuefeng and Rao Shuying
Seller's Agent
Arnold Oh
EXP Realty, LLC.
Buyer's Agent
Esther Rao
America Realty Center, Inc.
List Price
$589,900
Sold Price
$605,000
Premium/Discount to List
$15,100
2.56%
Total Days on Market
3
Views
30
Current Estimated Value
$608,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,196
Avg. Annual Appreciation
0.70%

Purchase Details

Listed on
Jan 12, 2022
Closed on
Feb 22, 2022
Sold by
Lee Andy K
Bought by
Park Seo Y
Seller's Agent
Nicole Lee
Heritage GA. Realty
Buyer's Agent
Alicia Burr
Berkshire Hathaway HomeServices Georgia Properties
List Price
$499,900
Sold Price
$510,000
Premium/Discount to List
$10,100
2.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.93%

Purchase Details

Listed on
Apr 11, 2016
Closed on
May 25, 2016
Sold by
Mtg Guaranty Insurace Corp
Bought by
Lee Andy K
Seller's Agent
PATRICK CONKLIN
NOT A VALID MEMBER
Buyer's Agent
Nicole Lee
Heritage GA. Realty
List Price
$296,900
Sold Price
$294,500
Premium/Discount to List
-$2,400
-0.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.02%
Original Mortgage
$237,481
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 15, 2016
Sold by
Federal National Mortgage Association
Bought by
Mtg Guaranty Insurace Corp

Purchase Details

Closed on
Nov 11, 2015
Sold by
Wells Fargo Bank Na
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 3, 2015
Sold by
Coppley Ann W
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Feb 8, 2008
Sold by
Naranjo Julie C
Bought by
Coppley Ann W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
6.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2005
Sold by
Jernigan Caroline A
Bought by
Naranjo Julie C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,440
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2000
Sold by
Pulte Home Corp
Bought by
Jernigan Caroline A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,600
Interest Rate
6.75%
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 Type Sale Price Title Company
Warranty Deed $605,000 --
Warranty Deed $510,000 --
Warranty Deed $294,500 --
Warranty Deed -- --
Warranty Deed $249,871 --
Foreclosure Deed $249,871 --
Deed $260,000 --
Deed $231,800 --
Deed $198,300 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $237,481 New Conventional
Previous Owner $234,000 New Conventional
Previous Owner $185,440 New Conventional
Previous Owner $160,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $158,600 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2024 09/09/24 Sold $605,000 +2.6% $214 / Sq Ft
07/23/2024 07/23/24 Pending -- -- --
07/19/2024 07/19/24 For Sale $589,900 +15.7% $209 / Sq Ft
02/22/2022 02/22/22 Sold $510,000 +2.0% $181 / Sq Ft
01/15/2022 01/15/22 Pending -- -- --
01/12/2022 01/12/22 For Sale $499,900 +69.7% $177 / Sq Ft
05/25/2016 05/25/16 Sold $294,500 -0.8% $104 / Sq Ft
04/13/2016 04/13/16 Pending -- -- --
04/11/2016 04/11/16 For Sale $296,900 -- $105 / 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
2023 $7,584 $204,000 $40,400 $163,600
2022 $5,506 $167,880 $38,400 $129,480
2021 $4,880 $134,280 $27,600 $106,680
2020 $4,910 $134,280 $27,600 $106,680
2019 $4,738 $134,280 $27,600 $106,680
2018 $4,824 $128,240 $26,000 $102,240
2016 $3,996 $104,160 $26,800 $77,360
2015 $3,676 $93,920 $24,400 $69,520
2014 -- $88,560 $21,200 $67,360
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7422516

First Multiple Listing Service (FMLS)

APN: 7-287-297