NOT LISTED FOR SALE

2505 Cove Rd Gainesville, GA 30506

Lake District Neighborhood

Estimated Value: $581,000 - $886,000

5 Beds
3 Baths
3,404 Sq Ft
$214/Sq Ft Est. Value

Last Sold February 14, 2020

Last sale price $270,000 $79 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $4,396/month

Highlights

  • Lake Front
  • Second Kitchen
  • Dining Room Seats More Than Twelve
  • Single Slip
  • Community Lake
  • Deck

About This Home

As of February 2020

Cottage home on Lake Lanier with 2 lake front lots and 1 single slip dock permit. TONS of potential . New roof and 2 new HVAC's already installed. This property is ready for your custom touches and renovations for a full time lake home, or summer getaway. Right, open great room with vaulted 2-story ceiling and wall of windows to enjoy the lake views. Full basement outfitted with a second kitchen-perfect for an in law suite.

Last Agent to Sell the Property

Larissa Benson

RE/MAX Legends License #278324 Listed on: 01/03/2020

RE/MAX Legends

Co-Listed By

SARAH MORRA

RE/MAX Legends License #346795

Last Buyer's Agent

Lauren Meyer

NOT A VALID MEMBER License #368809

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,409

Year Built

  • Built in 1973

Lot Details

  • 1.07 Acre Lot
  • Lake Front
  • Property fronts a state road
  • Wooded Lot

Home Design

  • Cottage
  • Composition Roof
  • Cedar

Interior Spaces

  • 3,404 Sq Ft Home
  • 3-Story Property
  • Ceiling height of 10 feet on the main level
  • Family Room with Fireplace
  • Second Story Great Room
  • Dining Room Seats More Than Twelve
  • Keeping Room
  • Wood Flooring
  • Lake Views
  • Fire and Smoke Detector

Kitchen

  • Second Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Laminate Countertops
  • Wood Stained Kitchen Cabinets

Bedrooms and Bathrooms

  • In-Law or Guest Suite
  • Bathtub and Shower Combination in Primary Bathroom

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Finished Basement Bathroom
  • Laundry in Basement
  • Natural lighting in basement

Parking

  • Detached Garage
  • 1 Carport Space

Outdoor Features

  • Single Slip
  • Deck
  • Gazebo

Schools

  • Riverbend Elementary School
  • North Hall Middle School
  • North Hall High School

Utilities

  • Air Source Heat Pump
  • Septic Tank

Community Details

  • River Point Subdivision
  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 10126 000049

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,409

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cottage
  • Property Condition: Resale
  • Year Built: 1973
  • Levels Stories: Three Or More
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Hardwood
  • Fireplace Features: Family Room
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Electric Range, Microwave
  • Interior Amenities: High Ceilings 10 ft Main
  • Basement: Daylight, Exterior Entry, Finished, Finished Bath, Full
  • Kitchen Features: Cabinets Stain, Keeping Room, Laminate Counters, Second Kitchen
  • Common Walls: No Common Walls
  • Additional Rooms: Great Room - 2 Story
  • Dining Room Features: Great Room, Seats 12+
  • Square Footage: 3404.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 5
  • Bedroom Features: In-Law Suite/Apartment
  • Lower Bedrooms: 1
  • Main Bedrooms: 1
  • Total Bathrooms: 3
  • Total Full Baths: 3
  • Lower Full Bathrooms: 1
  • Main Full Bathrooms: 1
  • Master Bathroom Features: Tub/Shower Combo

Exterior Features

  • Other Structures: Gazebo
  • Construction Materials: Cedar
  • Roof Type: Composition
  • Lake Name: Lanier
  • Patio And Porch Features: Deck
  • View: Lake

Garage/Parking

  • Number of Carport Spaces: 1
  • Parking Features: Carport, Covered, Detached

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: Smoke Detector(s)
  • Cooling: Heat Pump
  • Heating: Electric, Heat Pump
  • Laundry Features: In Basement
  • Utilities: Electricity Available, Water Available
  • Electric: Other

Condo/Co-op/Association

  • Community Features: Lake
  • Master Association Fee Frequency: Annually
  • Subdivision Complex: River Point

Schools

  • Elementary School: Riverbend
  • Middle School: North Hall
  • High School: North Hall

Lot Info

  • Acres: 1.0700
  • Lot Features: Wooded
  • Parcel Number: 10126 000049
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 3409.00
  • Assessor Parcel Number: 10-00126-00-049
  • Close Date: 2020-02-14
  • Tax Year: 2018

Multi Family

  • Waterfront Features: Lake, Lake Front

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Riverbend
  • High School: North Hall
  • Middle School: North Hall

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2020
Closed on
Feb 14, 2020
Sold by
Federal National Mortgage Association
Bought by
Lawson Katherine
Seller's Agent
Larissa Benson
RE/MAX Legends
Buyer's Agent
Lauren Meyer
NOT A VALID MEMBER
List Price
$255,000
Sold Price
$270,000
Premium/Discount to List
$15,000
5.88%
Current Estimated Value
$728,921

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$458,921
Avg. Annual Appreciation
19.03%
Original Mortgage
$170,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2018
Sold by
Bayview Loan Servicing Llc
Bought by
Federal National Mtg Associati

Purchase Details

Closed on
Mar 6, 2018
Sold by
Oakley Williard R
Bought by
Bayview Loan Servicing Llc

Purchase Details

Closed on
May 22, 2013

Purchase Details

Closed on
May 14, 2013
Sold by
Oakley Willard R
Bought by
White Debra K

Purchase Details

Closed on
Dec 22, 1994
Sold by
Campbell Robert F Anne D
Bought by
White Debra K and Oakley Willard R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,600
Interest Rate
7.25%
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
Lawson Katherine -- --
Federal National Mtg Associati $319,400 --
Bayview Loan Servicing Llc $319,400 --
-- $325,000 --
White Debra K -- --
White Debra K $84,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lawson Katherine $170,000
Previous Owner White Debra K $159,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2020 02/14/20 Sold $270,000 +5.9% $79 / Sq Ft
01/14/2020 01/14/20 Pending -- -- --
01/03/2020 01/03/20 For Sale $255,000 -- $75 / 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
2024 $6,520 $263,160 $144,440 $118,720
2023 $3,950 $247,040 $134,680 $112,360
2022 $4,115 $157,068 $97,440 $59,628
2021 $4,240 $158,920 $97,440 $61,480
2020 $3,580 $129,840 $70,880 $58,960
2019 $3,530 $126,840 $70,880 $55,960
2018 $3,409 $118,440 $66,240 $52,200
2017 $3,355 $117,760 $66,240 $51,520
2016 $3,274 $117,760 $66,240 $51,520
2015 $2,931 $117,760 $66,240 $51,520
2014 $2,931 $125,040 $77,920 $47,120
Source: Public Records

Agents Affiliated with this Home

  • Larissa Benson

    Seller's Agent in 2020

    Larissa Benson

    RE/MAX

    (678) 730-7111

    43 Total Sales

    Larissa Benson
    Section Image
  • SARAH MORRA

    Seller Co-Listing Agent in 2020

    SARAH MORRA

    RE/MAX

    (770) 827-1588

    53 Total Sales

    SARAH MORRA
    Section Image

  • L

    Buyer's Agent in 2020

    Lauren Meyer

    NOT A VALID MEMBER

    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6661970

First Multiple Listing Service (FMLS)

APN: 10-00126-00-049

Georgia Hall County Gainesville 30506 Lake District

2505 Cove Rd, Gainesville, GA

This home is located at 2505 Cove Rd, Gainesville, GA 30506 since 03 January 2020 and is currently estimated at $728,921, approximately $214 per square foot. This property was built in 1973. 2505 Cove Rd is a home located in Hall County with nearby schools including Riverbend Elementary School, North Hall Middle School, and North Hall High School.

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