NOT LISTED FOR SALE

3120 Chamblee Gap Rd Cumming, GA 30040

Estimated Value: $520,000 - $701,000

2 Beds
1 Bath
2,072 Sq Ft
$301/Sq Ft Est. Value

Sale Details

Date Sold: January 6, 2025

Last sale price $690,000 $333 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $3,766 / mo

20 Days on Market

Highlights

  • 4.09 Acre Lot
  • Private Lot
  • Ranch Style House
  • Sawnee Elementary School Rated A
  • Wooded Lot
  • No HOA

About This Home

As of January 2025

Incredible opportunity to own 4.09 +/- acres of property in the West Forsyth High School District in Cumming GA 30040. This property offers boundless potential for those seeking a unique lifestyle or investment. This property has a ranch style home that would be perfect for a mini farm with horses and a garden or the property is suited for a family estate with enough acreage to subdivided the property into possibly 4 lots which would be ideal for multi-generational living. For investors or developers, this property has the potential to be subdivided into 4 lots and each lot would be 1 +/- acres. Prime location in Cumming, within minutes of shopping, entertainment, hiking, & medical care. Shopping and entertainment are abundant; Vickery Village, Cumming City Center, The Collection at Forsyth, Halcyon & Avalon. Less than 5 minutes from Hwy 20 which is currently being widened to 4 lanes from Canton to downtown Cumming and conveniently located near Lake Lanier and Northside Hospital. NO HOA. Shown by Appointment Only

Last Agent to Sell the Property

Matthew Sipera

Anchor Real Estate Advisors License #321359 Listed on: 10/25/2024

Last Buyer's Agent

Matthew Sipera

Anchor Real Estate Advisors License #321359 Listed on: 10/25/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,457

Year Built

  • Built in 1982

Lot Details

  • 4.09 Acre Lot
  • Private Lot
  • Wooded Lot

Home Design

  • Ranch Style House
  • Block Foundation

Interior Spaces

  • 2,072 Sq Ft Home
  • Ceiling Fan
  • Family Room
  • Combination Dining and Living Room
  • Crawl Space
  • Oven or Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Parking

  • 3 Parking Spaces
  • Carport

Outdoor Features

  • Porch

Schools

  • Sawnee Elementary School
  • Hendricks Middle School
  • West Forsyth High School

Utilities

  • Forced Air Heating and Cooling System
  • Shared Well
  • Septic Tank

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,457

Year Built

Built in 1982

Lot Details

4.09 Acres

Listing Details

  • Property Type: Residential
  • Year Built: 1982
  • ArchitecturalStyle: Ranch
  • Financing Type: Conventional
  • Levels: One
  • Lot Size Acres: 4.09
  • Other Sturctures: Other
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 2072
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Oven/Range (Combo), Refrigerator
  • Bedrooms: 2
  • Dining Room Features: Dining Rm/Living Rm Combo
  • Basement: Crawl Space
  • Total Finished Sq Ft: 2072
  • Above Grade Finished Sq Ft: 2072
  • Interior Amenities: Other
  • Full Bathrooms: 1
  • Flooring: Carpet, Vinyl

Beds/Baths

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

Exterior Features

  • Construction Materials: Other
  • Fencing: Other
  • Foundation Details: Block
  • Lot Features: Private
  • Patio And Porch Features: Porch
  • Property Condition: Resale
  • Roof: Other

Garage/Parking

  • Parking Features: Attached, Carport
  • ParkingTotal: 3

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central, Forced Air
  • Laundry Features: Other
  • Sewer: Septic Tank
  • Utilities: Other
  • Water Source: Shared Well

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Sawnee
  • High School: West Forsyth
  • High School Bus: Yes
  • Middle School: Hendricks
  • Middle School Bus: Yes

Tax Info

  • Year: 2023
  • Tax Annual Amount: 5457.22

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2024
Closed on
Jan 6, 2025
Sold by
Mamidi Keerthi and Kothandan Kamesh
Bought by
Mamidi Praveen and Batchu Praveena
Seller's Agent
Matthew Sipera
Anchor Real Estate Advisors
Buyer's Agent
Matthew Sipera
Anchor Real Estate Advisors
List Price
$750,000
Sold Price
$690,000
Premium/Discount to List
-$60,000
-8%
Views
26
Current Estimated Value
$624,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$65,980
Avg. Annual Appreciation
-7.91%
Original Mortgage
$552,500
Outstanding Balance
$548,070
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$75,950

Purchase Details

Closed on
Nov 16, 2023
Sold by
Koochi Swetha and Mamidi Keerthi
Bought by
Koochi Swetha and Mamidi Keerthi

Purchase Details

Listed on
Apr 17, 2023
Closed on
Sep 8, 2023
Sold by
Koochi Swetha and Mamidi Keerthi
Bought by
Koochi Swetha and Mamidi Keerthi
Seller's Agent
Matthew Thaxton
Keller Williams Realty Community Partners
Buyer's Agent
Matthew Sipera
Anchor Real Estate Advisors, LLC
List Price
$500,000
Sold Price
$497,131
Premium/Discount to List
-$2,869
-0.57%
Views
104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.32%
Original Mortgage
$298,278
Interest Rate
6.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2015
Sold by
Tallant Ricky J
Bought by
Banasiak James and Banasiak Cyndi
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mamidi Praveen $690,000 None Listed On Document
Mamidi Praveen $690,000 None Listed On Document
Koochi Swetha -- None Listed On Document
Koochi Swetha -- None Listed On Document
Koochi Swetha $497,200 None Listed On Document
Banasiak James $62,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mamidi Praveen $552,500
Closed Mamidi Praveen $552,500
Previous Owner Koochi Swetha $298,278
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/06/2025 01/06/25 Sold $690,000 -8.0% $333 / Sq Ft
11/14/2024 11/14/24 Pending -- -- --
10/25/2024 10/25/24 For Sale $750,000 +50.9% $362 / Sq Ft
09/08/2023 09/08/23 Sold $497,131 -0.6% $240 / Sq Ft View Prior Sale
08/14/2023 08/14/23 Pending -- -- --
08/11/2023 08/11/23 For Sale $500,000 +0.6% $241 / Sq Ft
06/01/2023 06/01/23 Off Market $497,131 -- --
05/31/2023 05/31/23 For Sale $500,000 +0.6% $241 / Sq Ft
05/12/2023 05/12/23 Off Market $497,131 -- --
05/12/2023 05/12/23 For Sale $500,000 +0.6% $241 / Sq Ft
04/21/2023 04/21/23 Off Market $497,131 -- --
04/17/2023 04/17/23 For Sale $475,000 -- $229 / Sq Ft
Source: Georgia MLS

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 $4,876 $238,068 $147,960 $90,108
2024 $4,876 $198,840 $119,280 $79,560
2023 $5,457 $221,712 $143,608 $78,104
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    Matthew Sipera

    Anchor Real Estate Advisors

    (678) 828-4408

    6 in this area

    17 Total Sales

    Matthew Sipera
    Section Image
  • Matthew Thaxton

    Seller's Agent in 2023

    Matthew Thaxton

    Keller Williams Realty Community Partners

    (770) 366-9506

    18 in this area

    69 Total Sales

    Matthew Thaxton
    Section Image
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Map

Source: Georgia MLS

MLS Number: 10401994

Georgia MLS

APN: 077-049

Georgia Forsyth County Cumming 30040

3120 Chamblee Gap Rd, Cumming, GA

Not Listed for Sale

Detached

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