NOT LISTED FOR SALE

2725 Rustic Lake Terrace Cumming, GA 30041

Estimated Value: $1,114,000 - $1,174,000

5 Beds
3.5 Baths
3,439 Sq Ft
$333/Sq Ft Est. Value

Last Sold September 28, 2023

Last sale price $1,100,000 $320 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,202/month

13 Days on Market

Highlights

  • Heated In Ground Pool
  • Craftsman Architecture
  • Outdoor Fireplace
  • Haw Creek Elementary School Rated A
  • Vaulted Ceiling
  • Wood Flooring

About This Home

As of September 2023

Experience the epitome of luxury living in this exquisite home, where every detail exudes elegance and comfort. Step into the bright and inviting open floor plan, where the primary suite resides on the main level for your utmost convenience and privacy. Unleash your culinary creativity in the gourmet chef's kitchen, a true masterpiece. The oversized quartz center island takes center stage, complemented by leathered countertops, custom cabinets, and top-of-the-line stainless steel appliances. The tiled backsplash and pendant lighting add a touch of sophistication, while the walk-in pantry ensures all your culinary essentials are within reach.*The family room is a haven of relaxation, complete with a charming brick fireplace and custom cabinets. Double doors gracefully unveil the screened porch, seamlessly merging indoor and outdoor living. Imagine your evenings by the saltwater pebbletec pool, complete with a hot tub, waterfall, and tanning deck. It's a perpetual staycation, a retreat you can call your own.* The primary suite on the main level is a sanctuary of indulgence. The oversized tiled shower with dual shower heads, a soaking tub, and his-and-her vanities create a spa-like escape. The enormous closet provides ample space for your wardrobe treasures. With private access to the pool and spa, luxury truly knows no bounds.*Upstairs, discover three additional secondary bedrooms, each boasting their own charm. Two full baths with custom vanities and meticulously tiled showers provide comfort and style. The oversized bonus room, designed for both entertainment and relaxation, is the perfect spot to enjoy sporting events or movies on the three flat-screen TVs. A dedicated AC system ensures your comfort in any season.*This former model home seamlessly marries turn-key convenience with refined appointments. Plantation shutters, hardwood flooring, and 10-foot ceilings enhance the ambiance. The main-level laundry room offers practicality, while the ample yard space invites outdoor play and relaxation.*Nestled just minutes away from Haw Creek Elementary and Lakeside Middle Schools, this residence offers not only elegance but also convenience. Your dream home awaits, where luxury, comfort, and sophistication converge into an unparalleled living experience.

Last Agent to Sell the Property

Amy Herington

BHHS Georgia Properties License #207025 Listed on: 08/22/2023

BHHS Georgia Properties

Last Buyer's Agent

Angelica Ortiz

LPT Realty License #381370

LPT Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,905

Year Built

  • Built in 2017

Lot Details

  • 0.42 Acre Lot
  • Privacy Fence
  • Back Yard Fenced
  • Level Lot
  • Sprinkler System

HOA Fees

  • $83 Monthly HOA Fees

Home Design

  • Craftsman Architecture
  • Contemporary Architecture
  • Traditional Architecture
  • Composition Roof
  • Brick Front

Interior Spaces

  • 3,439 Sq Ft Home
  • 2-Story Property
  • Roommate Plan
  • Vaulted Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Factory Built Fireplace
  • Fireplace With Gas Starter
  • Double Pane Windows
  • Great Room
  • Family Room
  • Home Office
  • Screened Porch
  • Home Gym
  • Fire and Smoke Detector
  • Basement

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Soaking Tub
  • Separate Shower

Parking

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

Pool

  • Heated In Ground Pool
  • Saltwater Pool

Outdoor Features

  • Outdoor Fireplace

Location

  • Property is near schools
  • Property is near shops

Schools

  • Haw Creek Elementary School
  • Lakeside Middle School
  • South Forsyth High School

Utilities

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

Community Details

  • Association fees include reserve fund
  • Echols Enclave Subdivision

Listing and Financial Details

  • Tax Lot 12

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,905

Year Built

Built in 2017

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Property Type: Residential
  • Section: 1ST
  • Year Built: 2017
  • ArchitecturalStyle: Brick Front, Contemporary, Craftsman, Traditional
  • Main Level Half Bathrooms: 1
  • Financing Type: Conventional
  • Levels: Two
  • Lot Size Acres: .42
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 3439
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Gas Water Heater, Microwave, Refrigerator
  • Bedrooms: 5
  • Basement: Concrete, None
  • Total Finished Sq Ft: 3439
  • Above Grade Finished Sq Ft: 3439
  • Interior Amenities: Master On Main Level, Roommate Plan, Separate Shower, Soaking Tub, Split Bedroom Plan, Vaulted Ceiling(s)
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Fireplace Features: Factory Built, Gas Starter, Outside
  • Flooring: Carpet, Hardwood, Tile
  • Kitchen Features: Breakfast Bar, Kitchen Island, Walk-in Pantry
  • Window Features: Double Pane Windows
  • Price Per Square Foot: 319.860

Beds/Baths

  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 2
  • Bedroom Main Level: 1

Exterior Features

  • Common Walls: No Common Walls
  • Construction Materials: Other
  • ExteriorFeatures: Other, Sprinkler System
  • Fencing: Back Yard, Privacy
  • Lot Features: Level, Private
  • Patio And Porch Features: Screened
  • Pool Features: Heated, In Ground, Salt Water
  • Property Condition: Resale
  • Roof: Composition

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Annual Association Fee: 1000
  • Association: Yes
  • Community Features: Street Lights, Walk To Schools, Walk To Shopping

Fee Information

  • Association Fee Includes: Reserve Fund

Schools

  • Elementary School: Haw Creek
  • High School: South Forsyth
  • High School Bus: Yes
  • Middle School: Lakeside
  • Middle School Bus: Yes
  • Elementary School: Haw Creek
  • Middle School: Lakeside
  • High School: South Forsyth

Lot Info

  • Land Lot: 48149
  • Lot: 12
  • Plat Book: 165
  • Plat Page: 62

Multi Family

  • Total Fireplaces: 2

Tax Info

  • Year: 2022
  • Tax Annual Amount: 6905

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2023
Closed on
Sep 28, 2023
Sold by
Formaro Charles Le and Rodriguez Paula F
Bought by
Medina Patricia
Seller's Agent
Amy Herington
BHHS Georgia Properties
Buyer's Agent
Angelica Ortiz
LPT Realty
List Price
$1,150,000
Sold Price
$1,100,000
Premium/Discount to List
-$50,000
-4.35%
Views
27
Current Estimated Value
$1,153,919

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,919
Avg. Annual Appreciation
2.19%
Original Mortgage
$726,200
Outstanding Balance
$715,129
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$430,328

Purchase Details

Listed on
Jun 28, 2022
Closed on
Aug 31, 2022
Sold by
Charles Formaro Iii
Bought by
Formaro Charles and Rodriguez Paula F
Seller's Agent
Ginny Laitinen
Engel & Völkers Atlanta
Buyer's Agent
Amy Herington
BHHS Georgia Properties
List Price
$1,199,900
Sold Price
$1,050,000
Premium/Discount to List
-$149,900
-12.49%
Views
5

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.40%
Original Mortgage
$647,200
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2020
Sold by
Stevenson Cindy Jenice
Bought by
Stocks Tom

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 10, 2018
Closed on
Oct 11, 2018
Sold by
Stocks Tom
Bought by
Stocks Tom and Stevenson Cindy Jenice
Seller's Agent
Tamra Wade
RE/MAX Tru
Buyer's Agent
THOMAS F STOCKS
Harry Norman Realtors
List Price
$579,900
Sold Price
$579,000
Premium/Discount to List
-$900
-0.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.49%
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 Buyer Sale Price Title Company
Medina Patricia $1,100,000 None Listed On Document
Formaro Charles -- --
Formaro Charles $1,050,000 --
Stocks Tom -- --
Stocks Tom -- --
Stocks Tom $579,000 --
Southern Heritage Home Builders Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Medina Patricia $726,200
Previous Owner Formaro Charles $647,200
Previous Owner Formaro Charles $192,695
Previous Owner Stocks Tom $485,000
Previous Owner Stocks Tom $473,000
Previous Owner Stocks Tom $471,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2023 09/28/23 Sold $1,100,000 -4.3% $320 / Sq Ft
09/05/2023 09/05/23 Pending -- -- --
08/22/2023 08/22/23 For Sale $1,150,000 +9.5% $334 / Sq Ft
08/31/2022 08/31/22 Sold $1,050,000 -4.5% $279 / Sq Ft
07/28/2022 07/28/22 Pending -- -- --
07/22/2022 07/22/22 Price Changed $1,099,999 -4.3% $292 / Sq Ft
07/12/2022 07/12/22 Price Changed $1,149,900 -4.2% $305 / Sq Ft
06/28/2022 06/28/22 For Sale $1,199,900 +107.2% $318 / Sq Ft
10/11/2018 10/11/18 Sold $579,000 -0.2% $159 / Sq Ft
08/30/2018 08/30/18 Pending -- -- --
08/10/2018 08/10/18 For Sale $579,900 -- $159 / 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 $9,988 $419,068 $60,000 $359,068
2023 $8,407 $391,720 $60,000 $331,720
2022 $6,905 $215,580 $40,000 $175,580
2021 $5,863 $215,580 $40,000 $175,580
2020 $5,595 $205,900 $40,000 $165,900
2019 $6,011 $220,620 $40,000 $180,620
2018 $4,823 $174,388 $32,000 $142,388
Source: Public Records

Agents Affiliated with this Home

  • Amy Herington

    Seller's Agent in 2023

    Amy Herington

    BHHS Georgia Properties

    (404) 545-0149

    2 in this area

    63 Total Sales

    Section Image

  • A

    Buyer's Agent in 2023

    Angelica Ortiz

    LPT Realty

    (404) 587-0396

    3 in this area

    58 Total Sales

    Section Image

  • G

    Seller's Agent in 2022

    Ginny Laitinen

    Engel & Völkers Atlanta

    (770) 558-5696

    1 in this area

    5 Total Sales

    Section Image
  • Tamra Wade

    Seller's Agent in 2018

    Tamra Wade

    RE/MAX

    (770) 502-6232

    4 in this area

    2,948 Total Sales

    Section Image

  • T

    Buyer's Agent in 2018

    THOMAS F STOCKS

    Harry Norman Realties

    (678) 283-9570

    26 in this area

    279 Total Sales

    Section Image
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Map

Source: Georgia MLS

MLS Number: 10194151

Georgia MLS

APN: 227-373

Georgia Forsyth County Cumming 30041

2725 Rustic Lake Terrace, Cumming, GA

This home is located at 2725 Rustic Lake Terrace, Cumming, GA 30041 since 22 August 2023 and is currently estimated at $1,146,089, approximately $333 per square foot. This property was built in 2017. 2725 Rustic Lake Terrace is a home located in Forsyth County with nearby schools including Haw Creek Elementary School, Lakeside Middle School, and South Forsyth High School.

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