NOT LISTED FOR SALE

2501 E Lake Rd McDonough, GA 30252

Estimated Value: $706,000 - $873,000

5 Beds
3 Baths
3,272 Sq Ft
$237/Sq Ft Est. Value

Last Sold March 19, 2020

Last sale price $475,000 $145 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $4,909/month

245 Days on Market

Highlights

  • Deck
  • Cathedral Ceiling
  • 1 Fireplace
  • Union Grove High School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of March 2020

LOCATION - LOCATION - LOCATION!!! McDonough, Ga. - East Lake Rd. area. This lovely estate property has a large, brick, ranch home on 9.6 acres of private land. Home sites way back off the road - very private. The front acreage is all pasture so bring the horses, cows and goats!!! Property is not subject to any neighborhood restrictions or fees such HOA dues. Property is home to many berry bushes and fruit trees. 5 Bedrooms, 3 Full Baths with finished terrace level. Terrace level was professionally finished with a full kitchen, 2 additional bedrooms and a full bath. There is also additional sq. ft of unfinished storage space in the terrace level with a roll up boat door. This hard to find ranch plan has the master suite on one side of the home and two additional secondary bedrooms and bath on the opposite side of the home - creating lots of privacy. The kitchen is "Spectacular" - a large open room with custom cabinetry, an eat in breakfast area, a center island and custom counter tops. The laundry room is conveniently located just off of the kitchen and is a large room with custom cabinets, hanging racks and an office. You will not want to miss the Great room with it's brick fireplace and the sunroom with lots of light. This home boast of appro 5200 sq. ft. There is a driveway easement for the existing driveway; however, according to the county, there is plenty of road frontage to create your own private drive should you wanted to. There is water on the property, a small wet area near the left side of the property that is shared with the neighbor, next door.

Last Agent to Sell the Property

Judy Roberts

Southern Land Exchange, LLC Listed on: 06/18/2019

Last Buyer's Agent

Judy Roberts

Southern Land Exchange, LLC Listed on: 06/18/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,639

Year Built

  • Built in 2002

Lot Details

  • 9.61

Parking

  • 1 Car Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1-Story Property
  • Tray Ceiling
  • Cathedral Ceiling
  • 1 Fireplace
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Home Security System

Kitchen

  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Deck

Schools

  • Timber Ridge Elementary School
  • Union Grove Middle School
  • Union Grove High School

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 136-01014000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,639

Year Built

Built in 2002

Lot Details

0

Parking

1

Listing Details

  • GarageYN: Yes
  • Inclusions: Security System
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Year Built: 2002
  • ResoSecurityFeatures: Security System
  • Subdivision Name: No Recorded Subdivision
  • Architectural Style: Ranch
  • Reso Flooring: Wood
  • Reso Interior Features: Tray Ceiling(s), Cathedral Ceiling(s), Kitchen Island
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Dishwasher
  • Basement: Full, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplaces: 1
  • Stories: 1

Exterior Features

  • Acres: 9.61
  • Home Warranty: No
  • Construction Type: Brick
  • Exterior Features: Deck, Other
  • Patio And Porch Features: Deck

Garage/Parking

  • Garage Spaces: 1.0
  • Total Parking Spaces: 2.0

Utilities

  • Sewer: Septic Tank
  • Cooling: Other
  • Heating: Central, Electric, Forced Air, Heat Pump
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Union Grove Middle School

Lot Info

  • Lot Size Area: 9.61
  • Parcel Number: 136-01014000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6639.0

MLS Schools

  • Elementary School: Timber Ridge Elementary
  • HighSchool: Union Grove High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2022
Sold by
Hagler Denise
Bought by
Rainey Robert L and Blair Janet R
Current Estimated Value
$776,451

Purchase Details

Listed on
Jun 18, 2019
Closed on
Mar 19, 2020
Sold by
Boone Raymond D
Bought by
Rainey Ben L and Rainey Trust
Seller's Agent
Judy Roberts
Southern Land Exchange, LLC
Buyer's Agent
Judy Roberts
Southern Land Exchange, LLC
List Price
$489,000
Sold Price
$475,000
Premium/Discount to List
-$14,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.81%

Purchase Details

Closed on
Sep 26, 2017
Sold by
Adam Peppers
Bought by
Boone Denise and Boone Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,597
Interest Rate
3.83%

Purchase Details

Closed on
May 2, 2001
Sold by
O'Connor Roy G and O'Connor Linda S
Bought by
Boone Raymond D and Boone Denise R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,600
Interest Rate
6.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Rainey Robert L -- --
Rainey Robert L -- --
Rainey Ben L $475,000 --
Boone Denise $35,000 --
Boone Raymond D $181,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Boone Denise $58,597
Previous Owner Boone Denise --
Previous Owner Boone Raymond D $151,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2020 03/19/20 Sold $475,000 -2.9% $145 / Sq Ft
02/18/2020 02/18/20 Pending -- -- --
06/18/2019 06/18/19 For Sale $489,000 -- $149 / Sq Ft
Source: Savannah Multi-List Corporation

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 $10,191 $305,348 $57,640 $247,708
2024 $10,191 $283,080 $51,880 $231,200
2023 $8,729 $277,600 $49,960 $227,640
2022 $2,669 $222,080 $46,120 $175,960
2021 $2,618 $190,000 $39,520 $150,480
2020 $6,903 $191,880 $42,880 $149,000
2019 $6,679 $183,680 $40,680 $143,000
2018 $6,530 $178,520 $37,560 $140,960
2016 $3,821 $135,560 $33,160 $102,400
2015 $3,920 $145,440 $43,160 $102,280
2014 $3,709 $139,160 $43,160 $96,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Savannah Multi-List Corporation

MLS Number: CM970118

Savannah Multi-List Corporation

APN: 0136-01-014-000