NOT LISTED FOR SALE

2875 Gatewater Ct Cumming, GA 30040

Estimated Value: $389,000 - $435,548

3 Beds
2.5 Baths
1,515 Sq Ft
$274/Sq Ft Est. Value

Last Sold June 20, 2017

Last sale price $196,000 $129 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $2,448/month

Highlights

  • Open-Concept Dining Room
  • Gated Community
  • Solid Surface Countertops
  • George W. Whitlow Elementary School Rated A
  • Traditional Architecture
  • Open to Family Room

About This Home

As of June 2017

HUD HOME SOLD AS-IS BY ELECTRONIC BID ONLY. AVAILABLE BEGINNING 4/22/2017. This property is currently in an owner occupied bidding status with initial bids due 4/5/1/17 @ 11:59:59 (CST) FHA # 105-292193.. LIGHTS & HEAT OFF, BRING FLASHLIGHT DURING EVENING HOURS! $1000 EARNEST MONEY REQUIRED . STANDARD DISCLOSURE SAGE ACQUISITIONS AND/OR OWNERS MAKE NO WARRANTY TO THE EXISTENCE OF(LBP) LEAD BASED PAINT AND OR MOLD IN ANY PROPERTY AND IS NOT LIABLE FOR ANY HARMFUL EFFECTS. IN CASES WHERE PLUMBING DEFICIENCIES EXIST, APPROVAL FOR WATER TURN-ON MAY BE DENIED

Last Agent to Sell the Property

William Bustos

NOT A VALID MEMBER License #370302 Listed on: 04/22/2017

Last Buyer's Agent

Qingxu Hou

Georgia Realty Brokers International Corporation License #296952

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,918

Year Built

  • Built in 2006

Lot Details

  • 10,019 Sq Ft Lot
  • Level Lot

Parking

  • 2 Carport Spaces

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,515 Sq Ft Home
  • 2-Story Property
  • Bookcases
  • Ceiling Fan
  • Gas Log Fireplace
  • Family Room
  • Living Room with Fireplace
  • Open-Concept Dining Room
  • Carpet
  • Security Gate
  • Laundry on main level

Kitchen

  • Open to Family Room
  • Gas Range
  • Dishwasher
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Soaking Tub

Outdoor Features

  • Patio
  • Front Porch

Schools

  • George W. Whitlow Elementary School
  • Otwell Middle School
  • Forsyth Central High School

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 55 / 1
  • Assessor Parcel Number 106 515

Community Details

Overview

  • Property has a Home Owners Association
  • Stonebrooke Commons Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,918

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Property Condition: Resale
  • Year Built: 2006
  • Levels Stories: Two
  • Special Features: None
  • Stories: 2

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Carpet
  • Fireplace Features: Gas Log, Living Room
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Gas Range
  • Interior Amenities: Bookcases
  • Kitchen Features: Solid Surface Counters, View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Family Room
  • Dining Room Features: Open Concept
  • Square Footage: 1515.00

Beds/Baths

  • Total Bedrooms: 3
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Soaking Tub

Exterior Features

  • Construction Materials: Vinyl Siding
  • Roof Type: Shingle
  • Patio And Porch Features: Front Porch, Patio

Garage/Parking

  • Carport or Garage: 2
  • Number of Carport Spaces: 2
  • Parking Features: Carport

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Security Gate
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air
  • Laundry Features: Main Level

Condo/Co-op/Association

  • Community Features: Gated
  • Association: Yes
  • Subdivision Complex: Stonebrooke Commons

Schools

  • Elementary School: George W. Whitlow
  • Middle School: Otwell
  • High School: Forsyth Central

Lot Info

  • Acres: 0.2300
  • Lot: 55
  • Land/Lot: 74
  • Lot Features: Level
  • Parcel Number: 106 515
  • Property Attached Yn: No

Tax Info

  • Taxes: 1918.00
  • Assessor Parcel Number: 106-000-515
  • Close Date: 2017-06-20
  • Tax Year: 2016

MLS Schools

  • Elementary School: George W. Whitlow
  • High School: Forsyth Central
  • Middle School: Otwell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2017
Closed on
Jun 20, 2017
Bought by
Kohli Sarvshreshth
Seller's Agent
William Bustos
NOT A VALID MEMBER
Buyer's Agent
Qingxu Hou
Georgia Realty Brokers International Corporation
List Price
$223,000
Sold Price
$196,000
Premium/Discount to List
-$27,000
-12.11%
Current Estimated Value
$414,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,637
Avg. Annual Appreciation
9.42%

Purchase Details

Closed on
Feb 1, 2017
Sold by
Carrington Mtg Svcs Llc
Bought by
Sec Of Housing & Urban

Purchase Details

Closed on
Dec 1, 2015
Sold by
Mejia Miryan
Bought by
Carrington Mtg Svcs Llc

Purchase Details

Closed on
Jan 31, 2007
Sold by
R H Homes Dev Llc
Bought by
Mejia Miryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,928
Interest Rate
6.19%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 11, 2006
Sold by
Forsyth Land Venture
Bought by
R H Devel Llc
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
Kohli Sarvshreshth $196,000 --
Sec Of Housing & Urban -- --
Carrington Mtg Svcs Llc $143,220 --
Mejia Miryan $208,200 --
R H Devel Llc $1,955,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mejia Miryan $204,928
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2017 06/20/17 Sold $196,000 -12.1% $129 / Sq Ft
05/30/2017 05/30/17 Pending -- -- --
04/22/2017 04/22/17 For Sale $223,000 -- $147 / 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
2025 $3,077 $140,231 $66,000 $74,231
2024 $3,077 $147,612 $66,000 $81,612
2023 $2,354 $95,644 $32,000 $63,644
2022 $2,545 $95,644 $32,000 $63,644
2021 $2,245 $95,644 $32,000 $63,644
2020 $2,487 $90,056 $32,000 $58,056
2019 $2,075 $85,548 $32,000 $53,548
2018 $1,843 $78,400 $32,520 $45,880
2017 $2,141 $77,124 $32,000 $45,124
2016 $1,918 $69,124 $24,000 $45,124
2015 $1,755 $63,124 $18,000 $45,124
2014 $1,424 $53,776 $18,000 $35,776
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2017

    William Bustos

    NOT A VALID MEMBER

  • Q

    Buyer's Agent in 2017

    Qingxu Hou

    Georgia Realty Brokers International Corporation

    (678) 665-3317

    6 Total Sales

    Qingxu Hou
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5837559

First Multiple Listing Service (FMLS)

APN: 106-515

Georgia Forsyth County Cumming 30040

2875 Gatewater Ct, Cumming, GA

This home is located at 2875 Gatewater Ct, Cumming, GA 30040 since 22 April 2017 and is currently estimated at $414,637, approximately $273 per square foot. This property was built in 2006. 2875 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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