$690,000
SOLD JAN 6, 2025

3120 Chamblee Gap Rd Cumming, GA 30040

2 Beds
1 Bath
2,072 Sq Ft
4.09 Acres

Recently Sold

$333 Per Sq Ft

8% Below List Price

20 Days on Market

Highlights

  • Private Lot
  • Wooded Lot
  • Porch
  • Sawnee Elementary School Rated A
  • No HOA
  • 1-Story Property

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

Last Buyer's Agent

Matthew Sipera

Anchor Real Estate Advisors License #321359

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

  • Block Foundation

Interior Spaces

  • 2,072 Sq Ft Home
  • 1-Story Property
  • 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

0

Listing Details

  • Property Type: Residential
  • Year Built: 1982
  • 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
  • Price Per Square Foot: 333.011

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

Lot Info

  • Deed Book: 11133
  • Deed Page: 542

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%
Total Days on Market
20
Views
26
Current Estimated Value
$684,872

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,128
Avg. Annual Appreciation
-1.71%
Original Mortgage
$552,500
Outstanding Balance
$552,019
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$133,936

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
106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.26%
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

Map

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 Type Sale Price Title Company
Special Warranty Deed $690,000 None Listed On Document
Special Warranty Deed $690,000 None Listed On Document
Warranty Deed -- None Listed On Document
Warranty Deed -- None Listed On Document
Administrators Deed $497,200 None Listed On Document
Warranty Deed $62,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $552,500 New Conventional
Closed $552,500 New Conventional
Previous Owner $298,278 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
2024 $4,876 $198,840 $119,280 $79,560
2023 $5,457 $221,712 $143,608 $78,104
2022 $4,636 $136,672 $80,816 $55,856
2021 $3,774 $136,672 $80,816 $55,856
2020 $3,448 $124,876 $71,580 $53,296
2019 $3,057 $110,540 $57,724 $52,816
2018 $2,535 $91,660 $57,724 $33,936
2017 $2,078 $74,872 $43,872 $31,000
2016 $1,822 $65,636 $34,636 $31,000
2015 $2,181 $78,432 $47,432 $31,000
2014 $1,759 $66,444 $37,948 $28,496
Source: Public Records

Source: Georgia MLS

MLS Number: 10401994

Georgia MLS

APN: 077-049