NOT LISTED FOR SALE

2885 Gatewater Ct Unit 54 Cumming, GA 30040

Estimated Value: $456,000 - $518,713

4 Beds
4 Baths
2,001 Sq Ft
$241/Sq Ft Est. Value

Last Sold April 23, 2021

Last sale price $336,600 $168 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $3,025/month

Highlights

  • Clubhouse
  • Traditional Architecture
  • Open to Family Room
  • George W. Whitlow Elementary School Rated A
  • Private Yard
  • Cul-De-Sac

About This Home

As of April 2021

Nice 4 bedroom 2.5 bath home located in a quite culdesac with a fenced backyard in swim community. Close to GA 400, sought after school district and close to shopping and theaters. Home offers two car garage, deck, family room with fireplace, stainless steel appliances in the kitchen. Washer dryer included with the rental. Basement has some finished space and a bathroom but is not heated or airconditioned. For Investors only, property is currently leased

Last Agent to Sell the Property

Wasif Alvi

RE/MAX Center License #257699 Listed on: 02/24/2021

RE/MAX Center

Last Buyer's Agent

Wasif Alvi

RE/MAX Center License #257699 Listed on: 02/24/2021

RE/MAX Center

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,775

Year Built

  • Built in 2007

Lot Details

  • 0.76 Acre Lot
  • Cul-De-Sac
  • Private Yard

HOA Fees

  • $95 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,001 Sq Ft Home
  • 2-Story Property
  • Factory Built Fireplace
  • Fireplace With Gas Starter
  • Family Room
  • Laundry Room

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Wood Stained Kitchen Cabinets

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Finished Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Interior Basement Entry
  • Natural lighting in basement

Schools

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

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tax Lot 54
  • Assessor Parcel Number 106 514

Community Details

Overview

  • Heritage Properties Association, Phone Number (770) 200-8576
  • Stonebrook Commons Subdivision

Amenities

  • Clubhouse

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,775

Year Built

Built in 2007

Lot Details

0

HOA Fees

$95 per month

Parking

2

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: 2007
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Fireplace Features: Factory Built, Gas Starter
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Refrigerator, Microwave
  • Interior Amenities: Walk-In Closet(s)
  • Basement: Daylight, Finished, Full, Interior Entry, Partial
  • Kitchen Features: Breakfast Bar, Cabinets Stain, Pantry, View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Family Room
  • Square Footage: 2001.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 4
  • Total Bathrooms: 4
  • Total Full Baths: 2
  • Total Half Baths: 2
  • Lower Half Bathrooms: 1
  • Main Half Bathrooms: 1

Exterior Features

  • Construction Materials: Vinyl Siding
  • Roof Type: Shingle
  • Exterior Features: Private Yard
  • Foundation: Concrete Perimeter

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Heating: Central, Forced Air
  • Laundry Features: Laundry Room
  • Electric: None

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Grounds, Security, Swim/Tennis
  • Community Features: Clubhouse
  • Association Fee: 95
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Hoa Contact Phone: 770-200-8576
  • Subdivision Complex: Stonebrook Commons

Association/Amenities

  • Management Company: Heritage Properties

Schools

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

Lot Info

  • Acres: 0.7600
  • Lot: 54
  • Land/Lot: 344
  • Section G M D: 1
  • Plat Book: 84
  • Plat Page: 72-76
  • Lot Features: Cul-De-Sac
  • Parcel Number: 106 514
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 2775.00
  • Assessor Parcel Number: 106-000-514
  • Close Date: 2021-04-23
  • Tax Year: 2020

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
Feb 24, 2021
Closed on
Apr 27, 2021
Sold by
Jafri Syed W
Bought by
Obatoyinbo Adesunloye
Seller's Agent
Wasif Alvi
RE/MAX Center
Buyer's Agent
Wasif Alvi
RE/MAX Center
List Price
$325,000
Sold Price
$336,600
Premium/Discount to List
$11,600
3.57%
Current Estimated Value
$483,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,578
Avg. Annual Appreciation
8.36%

Purchase Details

Closed on
Apr 27, 2007
Sold by
R H Homes Dev Llc
Bought by
Jafri Syed W and Jafri Tasneem F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
6.12%
Mortgage Type
New Conventional

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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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
Obatoyinbo Adesunloye $336,600 --
Jafri Syed W $232,600 --
R H Devel Llc $1,955,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jafri Syed W $232,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2021 04/23/21 Sold $336,600 +3.6% $168 / Sq Ft
03/23/2021 03/23/21 Pending -- -- --
02/24/2021 02/24/21 For Sale $325,000 0.0% $162 / Sq Ft
04/15/2020 04/15/20 Rented $1,700 0.0% --
01/29/2020 01/29/20 Price Changed $1,700 -5.6% $1 / Sq Ft
11/11/2019 11/11/19 Price Changed $1,800 +2.9% $1 / Sq Ft
10/24/2019 10/24/19 Price Changed $1,750 -2.8% $1 / Sq Ft
10/18/2019 10/18/19 For Rent $1,800 -- --
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 $4,513 $192,996 $66,000 $126,996
2024 $4,513 $184,036 $66,000 $118,036
2023 $4,523 $183,748 $60,000 $123,748
2022 $3,583 $118,168 $32,000 $86,168
2021 $2,933 $118,168 $32,000 $86,168
2020 $2,775 $110,504 $32,000 $78,504
2019 $2,639 $103,720 $32,000 $71,720
2018 $2,573 $100,136 $32,000 $68,136
2017 $2,428 $92,804 $32,000 $60,804
2016 $2,259 $84,804 $24,000 $60,804
2015 $2,103 $78,804 $18,000 $60,804
2014 $1,665 $66,180 $18,000 $48,180
Source: Public Records

Agents Affiliated with this Home

  • Wasif Alvi

    Seller's Agent in 2021

    Wasif Alvi

    RE/MAX

    (678) 462-3010

    5 in this area

    65 Total Sales

    Wasif Alvi
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6844669

First Multiple Listing Service (FMLS)

APN: 106-514

Georgia Forsyth County Cumming 30040

2885 Gatewater Ct Unit 54, Cumming, GA

This home is located at 2885 Gatewater Ct Unit 54, Cumming, GA 30040 since 24 February 2021 and is currently estimated at $483,178, approximately $241 per square foot. This property was built in 2007. 2885 Gatewater Ct Unit 54 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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