NOT LISTED FOR SALE

3365 Shady Cove Rd Cumming, GA 30041

Estimated Value: $711,406 - $873,000

3 Beds
2.5 Baths
1,988 Sq Ft
$381/Sq Ft Est. Value

Last Sold July 14, 2020

Last sale price $503,000 $253 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $4,612/month

Highlights

  • 20 Feet of Waterfront
  • Boating
  • RV or Boat Parking
  • Mashburn Elementary School Rated A
  • Deep Water Access
  • Separate his and hers bathrooms

About This Home

As of July 2020

Wonderful opportunity to buy in a DEEP WATER COVE W/ DOCK PERMIT ON SOUTH END OF LAKE LANIER. Extremely private, 1.1 acre lot located on quiet, dead end street. Great outdoor space includes a stone fire-pit, gazebo, back deck, covered front porch, additional boat storage plus security gate. MASSIVE, Climate controlled 3-Car DETACHED GARAGE w/ large game room above. House offers hardwoods on main, vaulted ceilings and great room w/ fireplace. Convenient master on main, w/ large master bath includes soaking tub & walk-in closet. Pathway down to lake for dock access.

Last Agent to Sell the Property

Megan Primrose

Compass License #352231 Listed on: 05/11/2020

Compass

Last Buyer's Agent

Donna VanVarick

NOT A VALID MEMBER License #377017

NOT A VALID MEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,990

Year Built

  • Built in 2003

Lot Details

  • 1.1 Acre Lot
  • 20 Feet of Waterfront
  • Lake Front
  • Private Entrance
  • Wooded Lot
  • Private Yard
  • Back and Front Yard

Parking

  • 3 Car Detached Garage
  • Secured Garage or Parking
  • RV or Boat Parking

Home Design

  • Cape Cod Architecture
  • Vinyl Siding

Interior Spaces

  • 1,988 Sq Ft Home
  • 2-Story Property
  • Rear Stairs
  • Ceiling height of 10 feet on the lower level
  • Insulated Windows
  • Entrance Foyer
  • Living Room with Fireplace
  • Formal Dining Room
  • Game Room
  • Crawl Space
  • Security Gate

Kitchen

  • Eat-In Kitchen
  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops
  • Wood Stained Kitchen Cabinets

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Separate his and hers bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom
  • Soaking Tub

Laundry

  • Laundry on main level
  • Laundry in Kitchen

Outdoor Features

  • Deep Water Access
  • Deck
  • Covered Patio or Porch
  • Gazebo

Schools

  • Mashburn Elementary School
  • Lakeside - Forsyth Middle School
  • Forsyth Central High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities

Listing and Financial Details

  • Assessor Parcel Number 224 259

Community Details

Overview

  • Lanier Country Club Subdivision

Recreation

  • Boating

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,990

Year Built

Built in 2003

Lot Details

0

Parking

3

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cape Cod
  • Property Condition: Resale
  • Year Built: 2003
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Fireplace Features: Living Room
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator
  • Interior Amenities: Double Vanity, Entrance Foyer, High Ceilings 10 ft Lower, High Ceilings 10 ft Main, Walk-In Closet(s)
  • Basement: Crawl Space
  • Kitchen Features: Cabinets Stain, Eat-in Kitchen, Kitchen Island, Solid Surface Counters
  • Common Walls: No Common Walls
  • Additional Rooms: Game Room
  • Dining Room Features: Separate Dining Room
  • Square Footage: 1988.00
  • Spa Features: None
  • Window Features: Insulated Windows

Beds/Baths

  • Total Bedrooms: 3
  • Bedroom Features: Master on Main, Split Bedroom Plan
  • Main Bedrooms: 1
  • Total Bathrooms: 3
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Main Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Separate His/Hers, Separate Tub/Shower, Soaking Tub

Exterior Features

  • Other Structures: Garage(s), Gazebo, RV/Boat Storage
  • Waterfront Frontage: 20
  • Construction Materials: Vinyl Siding
  • Lake Name: Lanier
  • Patio And Porch Features: Covered, Deck, Front Porch, Rear Porch
  • Exterior Features: Private Front Entry, Private Yard, Rear Stairs

Garage/Parking

  • Carport or Garage: 3
  • Number of Garage Spaces: 3
  • Parking Features: Detached, Garage

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Secured Garage/Parking, Security Gate
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: In Kitchen, Main Level
  • Utilities: Electricity Available, Underground Utilities
  • Electric: None

Condo/Co-op/Association

  • Community Features: Boating
  • Association Fee Frequency: Annually
  • Master Association Fee Frequency: Annually
  • Subdivision Complex: Lanier Country Club

Schools

  • Elementary School: Mashburn
  • Middle School: Lakeside - Forsyth
  • High School: Forsyth Central

Lot Info

  • Acres: 1.1000
  • Lot Features: Back Yard, Front Yard, Private, Wooded
  • Lot Dimensions: x
  • Parcel Number: 224 259
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 2990.00
  • Assessor Parcel Number: 224-000-259
  • Close Date: 2020-07-14
  • Tax Year: 2019

Multi Family

  • Waterfront Features: Lake, Lake Front

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Mashburn
  • High School: Forsyth Central
  • Middle School: Lakeside - Forsyth

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2020
Closed on
Jul 14, 2020
Sold by
M & T Bank
Bought by
Merlo James and Merlo Shayne D
Seller's Agent
Megan Primrose
Compass
Buyer's Agent
Donna VanVarick
NOT A VALID MEMBER
List Price
$489,900
Sold Price
$503,000
Premium/Discount to List
$13,100
2.67%
Current Estimated Value
$758,102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,102
Avg. Annual Appreciation
8.18%
Original Mortgage
$402,400
Outstanding Balance
$356,822
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$401,280

Purchase Details

Closed on
Feb 4, 2020
Sold by
Stone Wayne H
Bought by
Mt Bank

Purchase Details

Closed on
Oct 10, 2003
Sold by
Williamson Timothyg M
Bought by
Stone Wayne H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,550
Interest Rate
6.5%
Mortgage Type
New Conventional
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
Merlo James $503,000 --
Mt Bank $505,267 --
Stone Wayne H $403,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merlo James $402,400
Previous Owner Stone Wayne H $342,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2020 07/14/20 Sold $503,000 +2.7% $253 / Sq Ft
06/04/2020 06/04/20 For Sale $489,900 0.0% $246 / Sq Ft
06/03/2020 06/03/20 Pending -- -- --
05/22/2020 05/22/20 Pending -- -- --
05/11/2020 05/11/20 For Sale $489,900 -- $246 / 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 $7,110 $297,924 $160,000 $137,924
2024 $7,110 $297,924 $160,000 $137,924
2023 $5,977 $297,924 $160,000 $137,924
2022 $7,541 $252,056 $140,000 $112,056
2021 $6,960 $252,056 $140,000 $112,056
2020 $3,207 $116,140 $20,800 $95,340
2019 $2,990 $111,372 $23,400 $87,972
2018 $2,803 $104,520 $23,400 $81,120
2017 $2,256 $84,452 $23,400 $61,052
2016 $2,184 $81,852 $20,800 $61,052
2015 $2,044 $76,652 $15,600 $61,052
2014 $1,823 $72,148 $15,600 $56,548
Source: Public Records

Agents Affiliated with this Home

  • Megan Primrose

    Seller's Agent in 2020

    Megan Primrose

    Compass

    (404) 844-7607

    62 Total Sales

    Megan Primrose
    Section Image

  • D

    Buyer's Agent in 2020

    Donna VanVarick

    NOT A VALID MEMBER

    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6721438

First Multiple Listing Service (FMLS)

APN: 224-259

Georgia Forsyth County Cumming 30041

3365 Shady Cove Rd, Cumming, GA

This home is located at 3365 Shady Cove Rd, Cumming, GA 30041 since 11 May 2020 and is currently estimated at $758,102, approximately $381 per square foot. This property was built in 2003. 3365 Shady Cove 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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