$1,100,000
SOLD MAY 27, 2022 RENTED MAR 4, 2025

2401 Nuckolls Rd Cumming, GA 30041

12.3 Acres
$89,431 Price per Acre
535,788 Sq Ft Lot

Recently Sold

$580 Per Sq Ft

8% Below List Price

4 Days on Market

Highlights

  • Barn
  • 12.3 Acre Lot
  • Partially Wooded Lot
  • Mashburn Elementary School Rated A
  • Community Lake
  • No HOA

About This Lot

As of May 2022

Developers/Investors/Builders... 12.30 acres of beautiful land, Priced perfectly in Cumming. With frontage on Nuckolls Rd, Build a gated community within the Haw Creek subdivision. Perfectly located in Forsyth County, a savvy investor will immediately see the great investment opportunity. 1 mile away from all of the commercial brands for shopping, your new homeowners will discover the local stores and shops that are interwoven throughout the neighborhood, 5-minute drive to the beautiful Lake Lanier and Haw Creek Park Multi-Use Trail, so much to engage in the growing Cumming area! Highly Rated Schools. Average price point for homes begins in the mid 500s. Imagine the value added in this new community... Res-3 is available for rezoning with a sewer installation, the Owner is giving a credit to the Buyer.

Last Agent to Sell the Property

Marlisha Marsh

Weichert Realtors - The Collective License #396186 Listed on: 03/23/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $7,874

Lot Details

  • 12.3 Acre Lot
  • Property fronts a state road
  • Level Lot
  • Partially Wooded Lot

Location

  • Property is near schools
  • Property is near shops

Schools

  • Mashburn Elementary School
  • Otwell Middle School

Farming

  • Barn

Community Details

  • No Home Owners Association
  • Haw Creek Subdivision
  • Community Lake

Listing and Financial Details

  • Tax Lot 1

Property Details

Property Type

Land

Est. Annual Taxes

$7,874

Lot Details

0

Listing Details

  • Property Type: Land
  • District: 2
  • Section: 1
  • Financing Type: Conventional
  • Lot Size Acres: 12.30
  • Other Sturctures: Barn(s)
  • Property Sub-Type: Residential Lot
  • Road Frontage Type: State Road
  • Road Surface Type: Paved
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Feature Name: LANIER
  • Price Per Square Foot: 89430.8

Exterior Features

  • Lot Features: Curb, Level, Other
  • Waterfront Features: No Dock Or Boathouse

Utilities

  • Sewer: None
  • Utilities: Electricity Available, Natural Gas Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Lake, Walk To Schools, Walk To Shopping, Street Lights

Schools

  • Elementary School: Mashburn
  • High School: Other
  • Middle School: Otwell
  • Elementary School: Mashburn
  • Middle School: Otwell
  • High School: Other

Lot Info

  • Lot: 1
  • Plat Book: 5831
  • Plat Page: 375
  • CurrentUse: Other

Tax Info

  • Year: 2021
  • Tax Annual Amount: 7874

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2024
Sold by
Koduru Naga Padmasri and Koduru Chandra Sekhar
Bought by
Chandra Sekhar Koduru Revocable Living Trust and Naga Padmasri Koduru Revocable Living Trust
Current Estimated Value
$1,013,792

Purchase Details

Listed on
Mar 23, 2022
Closed on
May 27, 2022
Sold by
Rosalind Brash
Bought by
Rochelles 2010 Llc
Seller's Agent
Marlisha Marsh
Weichert Realtors - The Collective
List Price
$1,200,000
Sold Price
$1,100,000
Premium/Discount to List
-$100,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.73%

Purchase Details

Listed on
Mar 23, 2022
Closed on
May 21, 2022
Sold by
Rochelles 2010 Llc
Bought by
Koduru Naga Padmasri and Koduru Chandra Sekhar
Seller's Agent
Marlisha Marsh
Weichert Realtors - The Collective
List Price
$1,200,000
Sold Price
$1,100,000
Premium/Discount to List
-$100,000
-8.33%

Purchase Details

Closed on
Nov 15, 2010
Sold by
Brash Rosalind
Bought by
Rochelles 2010 Llc

Purchase Details

Closed on
Oct 31, 2005
Sold by
Barr Roger A and Barr Gerri
Bought by
Willow Royal Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
5.76%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Special Warranty Deed -- None Listed On Document
Special Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Deed -- --
Deed $756,000 --
Deed $363,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $647,000 New Conventional
Previous Owner $560,259 Stand Alone Second
Previous Owner $1,462,500 Stand Alone Second
Previous Owner $510,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2025 03/04/25 Rented $2,300 0.0% --
02/06/2025 02/06/25 For Rent $2,300 0.0% --
05/27/2022 05/27/22 Sold $1,100,000 -8.3% $580 / Sq Ft
03/27/2022 03/27/22 Pending -- -- --
03/23/2022 03/23/22 For Sale $1,200,000 -- $633 / 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
2024 $11,236 $458,220 $347,676 $110,544
2023 $10,697 $434,580 $332,560 $102,020
2022 $9,132 $285,160 $211,456 $73,704
2021 $7,874 $285,160 $211,456 $73,704
2020 $7,211 $261,132 $191,316 $69,816
2019 $7,323 $264,808 $195,520 $69,288
2018 $7,008 $253,400 $195,520 $57,880
2017 $13,525 $487,324 $430,144 $57,180
2016 $14,055 $595,780 $407,220 $57,180
2015 $5,013 $180,300 $122,200 $58,100
2014 $4,650 $175,644 $122,200 $53,444
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 10031889

Georgia MLS

APN: 199-027