NOT LISTED FOR SALE

2540 Gatewater Ct Cumming, GA 30040

Estimated Value: $403,000 - $443,000

3 Beds
2.5 Baths
1,648 Sq Ft
$259/Sq Ft Est. Value

Last Sold October 07, 2022

Last sale price $400,000 $243 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,677/month

3 Days on Market

Highlights

  • Gated Community
  • Clubhouse
  • Traditional Architecture
  • George W. Whitlow Elementary School Rated A
  • Private Lot
  • Wood Flooring

About This Home

As of October 2022

What a wonderful home, move-in ready, in gated South Forsyth neighborhood, convenient to everything! Natural light galore, beautiful floors, soaring 2-story great room opens to dining area and kitchen. Kitchen has granite counters, tile backsplash, stained cabinets and gas range. Spacious master suite has trey ceiling and bay area, nice bath with soaking tub and walk in closet. Roof is only 6 years old, new water heater and newer zoned HVAC. Sprinkler system front and back. Shopping and GA 400 under 10 minutes away, 5 minutes to Fowler Park and Greenway. Clubhouse and neighborhood pool. This one won't last - hurry!

Last Agent to Sell the Property

Art Worley

Solid Source Realty GA License #053469 Listed on: 09/13/2022

Solid Source Realty GA

Last Buyer's Agent

Shelly Boodram

eXp Realty License #353971

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,485

Year Built

  • Built in 2004

Lot Details

  • 3,920 Sq Ft Lot
  • Private Lot
  • Level Lot

HOA Fees

  • $95 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Composition Roof
  • Vinyl Siding
  • Brick Front

Interior Spaces

  • 1,648 Sq Ft Home
  • 2-Story Property
  • Tray Ceiling
  • Ceiling Fan
  • Factory Built Fireplace
  • Fireplace With Gas Starter
  • Great Room
  • Living Room with Fireplace
  • Combination Dining and Living Room

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Soaking Tub
  • Separate Shower

Laundry

  • Laundry Room
  • Laundry in Kitchen

Parking

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

Outdoor Features

  • Patio

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 25

Community Details

Overview

  • $150 Initiation Fee
  • Association fees include ground maintenance, reserve fund, swimming
  • Stonebrooke Commons Subdivision

Recreation

  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,485

Year Built

Built in 2004

Lot Details

0

HOA Fees

$95 per month

Listing Details

  • Property Type: Residential
  • District: 2
  • Section: 1
  • Unit: 1
  • Year Built: 2004
  • ArchitecturalStyle: Brick Front, Traditional
  • Main Level Half Bathrooms: 1
  • Financing Type: Other
  • Levels: Two
  • Lot Size Acres: .09
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 1648
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Dishwasher, Disposal, Microwave, Oven/Range (Combo), Stainless Steel Appliance(s)
  • Bedrooms: 3
  • Dining Room Features: Dining Rm/Living Rm Combo
  • Basement: None
  • Total Finished Sq Ft: 1648
  • Above Grade Finished Sq Ft: 1648
  • Interior Amenities: Tray Ceiling(s), Soaking Tub, Separate Shower, Walk-In Closet(s)
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplace Features: Living Room, Factory Built, Gas Starter
  • Flooring: Hardwood, Carpet, Vinyl
  • Kitchen Features: Breakfast Area, Pantry, Solid Surface Counters
  • Price Per Square Foot: 242.72

Beds/Baths

  • Upper Level Full Bathrooms: 2

Exterior Features

  • Construction Materials: Brick, Vinyl Siding
  • Foundation Details: Slab
  • Lot Features: Level, Private
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition

Garage/Parking

  • Parking Features: Attached, Garage Door Opener, Garage, Kitchen Level

Utilities

  • Cooling: Ceiling Fan(s), Central Air, Zoned
  • Heating: Natural Gas, Forced Air, Zoned
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Utilities: Underground Utilities, Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Annual Association Fee: 1140
  • Association: Yes
  • Community Features: Clubhouse, Gated, Pool, Street Lights

Fee Information

  • Initiation Fee: 150
  • Association Fee Includes: Maintenance Grounds, Reserve Fund, Swimming

Schools

  • Elementary School: Whitlow
  • High School: Forsyth Central
  • High School Bus: Yes
  • Middle School: Otwell
  • Middle School Bus: Yes
  • Elementary School: Whitlow
  • Middle School: Otwell
  • High School: Forsyth Central

Lot Info

  • Land Lot: 344
  • Lot: 25
  • Plat Book: 80
  • Plat Page: 158-162

Multi Family

  • Total Fireplaces: 1

Tax Info

  • Year: 2021
  • Tax Annual Amount: 2485

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2022
Closed on
Oct 7, 2022
Sold by
Nichols Daniel J
Bought by
Patel Yash Dbarmeshbhai and Parikh Shrinal Snehal
Seller's Agent
Art Worley
Solid Source Realty GA
Buyer's Agent
Shelly Boodram
eXp Realty
List Price
$385,000
Sold Price
$400,000
Premium/Discount to List
$15,000
3.9%
Views
4
Current Estimated Value
$427,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,553
Avg. Annual Appreciation
2.25%
Original Mortgage
$380,000
Outstanding Balance
$364,682
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$62,871

Purchase Details

Listed on
Oct 4, 2015
Closed on
Dec 4, 2015
Sold by
Lopez Federico
Bought by
Nichols Daniel J and Nichols Rebecca S
Seller's Agent
SIKIU YEPES
HomeSmart
Buyer's Agent
Art Worley
Solid Source Realty GA
List Price
$209,900
Sold Price
$209,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.89%
Original Mortgage
$199,405
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 27, 2004
Sold by
R H Homes Dev Llc
Bought by
Lopez Federico and Lopez Hilda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,950
Interest Rate
3.62%
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 Buyer Sale Price Title Company
Patel Yash Dbarmeshbhai $400,000 --
Nichols Daniel J $209,900 --
Lopez Federico $178,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Yash Dbarmeshbhai $380,000
Previous Owner Nichols Daniel J $199,405
Previous Owner Lopez Federico $169,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/07/2022 10/07/22 Sold $400,000 +3.9% $243 / Sq Ft
09/16/2022 09/16/22 Pending -- -- --
09/13/2022 09/13/22 For Sale $385,000 +83.4% $234 / Sq Ft
12/04/2015 12/04/15 Sold $209,900 0.0% -- View Prior Sale
11/02/2015 11/02/15 Pending -- -- --
10/04/2015 10/04/15 For Sale $209,900 -- --
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 $3,783 $162,012 $66,000 $96,012
2024 $3,783 $154,264 $66,000 $88,264
2023 $3,753 $152,472 $60,000 $92,472
2022 $2,856 $100,788 $32,000 $68,788
2021 $2,485 $100,788 $32,000 $68,788
2020 $2,357 $94,600 $32,000 $62,600
2019 $2,250 $89,256 $32,000 $57,256
2018 $2,145 $83,788 $32,000 $51,788
2017 $2,051 $78,944 $32,000 $46,944
2016 $1,842 $70,944 $24,000 $46,944
2015 $1,718 $64,944 $18,000 $46,944
2014 $1,374 $55,196 $18,000 $37,196
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Art Worley

    Solid Source Realty GA

    Section Image

  • S

    Buyer's Agent in 2022

    Shelly Boodram

    eXp Realty

    Section Image

  • S

    Seller's Agent in 2015

    SIKIU YEPES

    HomeSmart

    Section Image
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Map

Source: Georgia MLS

MLS Number: 20073217

Georgia MLS

APN: 106-344

Georgia Forsyth County Cumming 30040

2540 Gatewater Ct, Cumming, GA

This home is located at 2540 Gatewater Ct, Cumming, GA 30040 since 13 September 2022 and is currently estimated at $427,553, approximately $259 per square foot. This property was built in 2004. 2540 Gatewater Ct is a home located in Forsyth County with nearby schools including George W. Whitlow Elementary School, Otwell Middle School, and Forsyth Central High School.

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