$86,500
SOLD JUL 25, 2014

2860 Hitt Rd Cumming, GA 30041

3 Beds
2 Baths
1,680 Sq Ft
1.03 Acres

Recently Sold

$51 Per Sq Ft

38% Below List Price

70 Days on Market

About This Home

As of September 2015

HOUSE IS LOCATED ON A GREAT LOT NEAR THE LAKE. THE HOUSE IS SOLD AS-IS AND NEEDS SOME WORK. NO DISCLOSURE STATEMENT PROVIDED BECAUSE SELLER HAS NOT LIVED IN THE HOME. THE HOUSE

Last Agent to Sell the Property

Lia Varga

Homesmart Realty Partners License #296678 Listed on: 05/16/2014

Homesmart Realty Partners

Last Buyer's Agent

Lia Varga

Homesmart Realty Partners License #296678 Listed on: 05/16/2014

Homesmart Realty Partners

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $3,400

Year Built

  • 1960

Home Design

  • Slab Foundation

Interior Spaces

  • Great Room

Schools

  • Mashburn / Forsyth / Forsyth County Elementary School
  • Otwell / Forsyth / Forsyth County Middle School
  • Forsyth Central / Forsyth / Forsyth County High School

Property Details

Home Type

Other

Est. Annual Taxes

$3,400

Year Built

1960

Lot Details

0

Listing Details

  • Special Features: None
  • Year Built: 1960

Interior Features

  • Fireplace(s): 1
  • Basement: Slab/None
  • Interior Amenities: Cable In Street, Cable TV Connections, Hardwood Floors

Exterior Features

  • Construction: Wood Siding

Garage/Parking

  • Parking: Parking Pad

Utilities

  • Cooling Fuel: Electric
  • Cooling: Central
  • Heating Fuel: Gas
  • Heating: Forced Air
  • Water/Sewer: Public Water, Sewer Connected

Schools

  • Elementary School: Mashburn / Forsyth / Forsyth County, GA
  • High School: Forsyth Central / Forsyth / Forsyth County, GA
  • Middle School: Otwell / Forsyth / Forsyth County, GA

Lot Info

  • Lot Description: Level Lot, Private Backyard
  • Lot Size: 1-2 Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2015
Closed on
Sep 14, 2015
Sold by
Mda Investments Llc
Bought by
Gutierrez Oscar Solomon Rosas and Chavez Maria G Villeda
Seller's Agent
LUIS AMORETTI
NOT A VALID MEMBER
Buyer's Agent
Miriam Lopez
NOT A VALID MEMBER
List Price
$189,900
Sold Price
$172,990
Premium/Discount to List
-$16,910
-8.9%
Current Estimated Value
$423,704

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$250,714
Avg. Annual Appreciation
9.29%
Original Mortgage
$166,393
Outstanding Balance
$132,732
Interest Rate
3.97%
Mortgage Type
Commercial
Estimated Equity
$284,277

Purchase Details

Listed on
Sep 16, 2014
Closed on
Jan 26, 2015
Sold by
Premier Management Properties
Bought by
Mda Investments Llc
Seller's Agent
Andrei Leon
Artisan Haus Real Estate
Buyer's Agent
LUIS AMORETTI
NOT A VALID MEMBER
List Price
$117,000
Sold Price
$92,000
Premium/Discount to List
-$25,000
-21.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
172.45%
Original Mortgage
$87,500
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 16, 2014
Closed on
Jul 25, 2014
Sold by
Suciu Viorel
Bought by
Premier Management Properties
Seller's Agent
Lia Varga
Homesmart Realty Partners
Buyer's Agent
Lia Varga
Homesmart Realty Partners
List Price
$140,000
Sold Price
$86,500
Premium/Discount to List
-$53,500
-38.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.12%

Purchase Details

Listed on
May 12, 2012
Closed on
Jul 30, 2012
Sold by
Wells Fargo Bank Na Truste
Bought by
Suciu Viorel
Seller's Agent
Sandra Cato
NOT A VALID MEMBER
Buyer's Agent
Lia Varga
Homesmart Realty Partners
List Price
$27,000
Sold Price
$50,199
Premium/Discount to List
$23,199
85.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.45%

Purchase Details

Closed on
May 1, 2012
Sold by
Eidson Teri J
Bought by
Wells Fargo Bank Na Trustee and Asset Backed Securities Corp E

Purchase Details

Closed on
Nov 7, 1995
Sold by
Clark Chas H Allen S
Bought by
Fleet Finance
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
Warranty Deed $172,990 --
Warranty Deed $92,000 --
Warranty Deed $86,500 --
Warranty Deed $50,199 --
Foreclosure Deed $89,000 --
Deed $53,100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $166,393 Commercial
Closed $166,393 Commercial
Previous Owner $87,500 New Conventional
Previous Owner $135,000 Stand Alone Second
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2015 09/14/15 Sold $172,990 -8.9% $103 / Sq Ft
07/09/2015 07/09/15 Pending -- -- --
05/12/2015 05/12/15 For Sale $189,900 +106.4% $113 / Sq Ft
01/26/2015 01/26/15 Sold $92,000 -21.4% $55 / Sq Ft
12/27/2014 12/27/14 Pending -- -- --
09/16/2014 09/16/14 For Sale $117,000 +35.3% $70 / Sq Ft
07/30/2014 07/30/14 Pending -- -- --
07/25/2014 07/25/14 Sold $86,500 -38.2% $51 / Sq Ft
05/16/2014 05/16/14 For Sale $140,000 +178.9% $83 / Sq Ft
07/30/2012 07/30/12 Sold $50,199 +85.9% $30 / Sq Ft
06/30/2012 06/30/12 Pending -- -- --
05/12/2012 05/12/12 For Sale $27,000 -- $16 / 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 $3,400 $138,636 $42,644 $95,992
2023 $3,232 $131,316 $40,788 $90,528
2022 $2,853 $90,544 $25,956 $64,588
2021 $2,500 $90,544 $25,956 $64,588
2020 $2,334 $84,516 $23,484 $61,032
2019 $2,227 $80,520 $20,000 $60,520
2018 $1,939 $70,128 $20,000 $50,128
2017 $1,856 $66,868 $20,000 $46,868
2016 $1,800 $64,868 $18,000 $46,868
2015 $718 $25,828 $10,000 $15,828
2014 $612 $23,108 $10,000 $13,108
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2015

    LUIS AMORETTI

    NOT A VALID MEMBER

  • Andrei Leon

    Seller's Agent in 2015

    Andrei Leon

    Artisan Haus Real Estate

    (678) 439-9346

    33 Total Sales

    Section Image

  • M

    Buyer's Agent in 2015

    Miriam Lopez

    NOT A VALID MEMBER

  • Lia Varga

    Seller's Agent in 2014

    Lia Varga

    Homesmart Realty Partners

    (678) 618-1238

    6 Total Sales

    Section Image

  • S

    Seller's Agent in 2012

    Sandra Cato

    NOT A VALID MEMBER

    Section Image
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Map

Source: Georgia MLS

MLS Number: 07270950

Georgia MLS

APN: 246-003

Georgia Forsyth County Cumming 30041

2860 Hitt Rd, Cumming, GA

This home is located at 2860 Hitt Rd, Cumming, GA 30041 and is currently priced at $86,500, approximately $51 per square foot. This property was built in 1960. 2860 Hitt Rd is a home located in Forsyth County with nearby schools including Mashburn Elementary School, Lakeside Middle School, and Forsyth Central High School.

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