NOT LISTED FOR SALE

3390 Shady Cove Rd Cumming, GA 30041

Estimated Value: $1,451,000 - $1,771,000

5 Beds
4.5 Baths
4,612 Sq Ft
$344/Sq Ft Est. Value

Last Sold April 18, 2016

Last sale price $835,000 $181 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $9,308/month

Highlights

  • 95 Feet of Waterfront
  • Covered dock with one slips
  • Home Theater
  • Mashburn Elementary School Rated A
  • Deep Water Access
  • Gated Community

About This Home

As of April 2016

Gated waterfront home on Lake Lanier.Paved pathway leads to a covered 1-slip dock with party deck.Two-story foyer,fireside great room with vaulted ceilings, spacious dining room,Gourmet kitchen with large breakfast room.Master bedroom with stone fireplace and luxurious master bath with jetted tub and glass shower.3 oversized upper bedrooms with large closet space.Full finished open floor plan terrace level, large recreation room with stone fireplace,and additional guest suite with kitchen/bar area.Oversized lake equipment storage room.Private Drive with 3 Car Garage.

Last Agent to Sell the Property

Teri Frye

The Rezerve, LLC License #124867 Listed on: 05/01/2015

Co-Listed By

Pete Frye

The Rezerve, LLC License #124410

Last Buyer's Agent

BEVERLY L CHEEK

Around Atlanta Realty License #169053

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,641

Year Built

  • Built in 1997

Lot Details

  • 95 Feet of Waterfront
  • Lake Front
  • Cul-De-Sac
  • Landscaped
  • Private Lot

Parking

  • 3 Car Attached Garage
  • Parking Accessed On Kitchen Level
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Shingle Siding
  • Stone Siding

Interior Spaces

  • 4,612 Sq Ft Home
  • 2-Story Property
  • Roommate Plan
  • Wet Bar
  • Tray Ceiling
  • Cathedral Ceiling
  • Ceiling Fan
  • Two Story Entrance Foyer
  • Family Room with Fireplace
  • 3 Fireplaces
  • Great Room
  • Breakfast Room
  • Formal Dining Room
  • Home Theater
  • Bonus Room
  • Game Room
  • Wood Flooring
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Double Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Wood Stained Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Vaulted Bathroom Ceilings
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Fireplace in Basement
  • Stubbed For A Bathroom
  • Natural lighting in basement

Accessible Home Design

  • Accessible Entrance

Outdoor Features

  • Deep Water Access
  • Party Deck
  • Covered dock with one slips
  • Deck
  • Patio

Schools

  • Mashburn Elementary School
  • Otwell Middle School
  • Forsyth Central High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 224 389

Community Details

Overview

  • Lanier Country Club Estates Subdivision
  • Community Lake

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,641

Year Built

Built in 1997

Lot Details

0

Parking

3

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: 1997
  • Accessibility Features: Accessible Entrance
  • Levels Stories: Two
  • Special Features: None
  • Stories: 2

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Hardwood
  • Fireplace Features: Basement, Family Room, Master Bedroom
  • Number Of Fireplaces: 3
  • Appliances: Dishwasher, Disposal, Double Oven, Electric Range, Gas Water Heater, Microwave, Refrigerator, Self Cleaning Oven
  • Interior Amenities: Cathedral Ceiling(s), Disappearing Attic Stairs, Double Vanity, Entrance Foyer, Entrance Foyer 2 Story, High Ceilings 9 ft Lower, High Ceilings 10 ft Main, High Speed Internet, Tray Ceiling(s), Walk-In Closet(s), Wet Bar
  • Basement: Bath/Stubbed, Daylight, Exterior Entry, Finished, Full, Interior Entry
  • Kitchen Features: Breakfast Bar, Breakfast Room, Cabinets Stain, Eat-in Kitchen, Solid Surface Counters, View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Bonus Room, Family Room, Game Room, Great Room - 1 Story, Media Room, Other
  • Dining Room Features: Separate Dining Room
  • Square Footage: 4612.00

Beds/Baths

  • Total Bedrooms: 5
  • Bedroom Features: Master on Main, Roommate Floor Plan
  • Lower Bedrooms: 1
  • Main Bedrooms: 1
  • Total Full Baths: 4
  • Total Half Baths: 1
  • Lower Full Bathrooms: 1
  • Main Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Separate Tub/Shower, Vaulted Ceilings, Whirlpool Tub

Exterior Features

  • Waterfront Frontage: 95
  • Construction Materials: Shingle Siding, Stone
  • Lake Name: Lanier
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Carport or Garage: 3
  • Number of Garage Spaces: 3
  • Parking Features: Attached, Garage, Garage Door Opener, Kitchen Level

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Fire Alarm, Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Central Air, Zoned
  • Heating: Forced Air, Natural Gas, Zoned
  • Laundry Features: Laundry Room, Main Level
  • Utilities: Cable Available, Underground Utilities

Condo/Co-op/Association

  • Community Features: Gated, Lake, Street Lights
  • Association Fee Frequency: Annually
  • Master Association Fee Frequency: Annually
  • Subdivision Complex: Lanier Country Club Estates

Schools

  • Elementary School: Mashburn
  • Middle School: Otwell
  • High School: Forsyth Central

Lot Info

  • Land/Lot: 159
  • Section G M D: 1
  • Plat Book: 48
  • Plat Page: 249
  • Lot Features: Cul-De-Sac, Landscaped, Private
  • Lot Dimensions: .59
  • Parcel Number: 224 389
  • Property Attached Yn: No

Tax Info

  • Taxes: 6641.00
  • Assessor Parcel Number: 224-000-389
  • Close Date: 2016-04-18
  • Tax Year: 2014

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: Otwell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2015
Closed on
Apr 18, 2016
Sold by
Hallway Inc
Bought by
Merlo James L and Merlo Shayne D
Seller's Agent
Teri Frye
The Rezerve, LLC
Buyer's Agent
BEVERLY L CHEEK
Around Atlanta Realty
List Price
$900,000
Sold Price
$835,000
Premium/Discount to List
-$65,000
-7.22%
Current Estimated Value
$1,585,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$750,516
Avg. Annual Appreciation
7.01%
Original Mortgage
$739,631
Outstanding Balance
$588,554
Interest Rate
3.73%
Mortgage Type
VA
Estimated Equity
$996,962

Purchase Details

Closed on
Oct 4, 2005
Sold by
Hall Jack H and Hall Beatrice
Bought by
Hallway Inc

Purchase Details

Closed on
Feb 15, 1999
Sold by
Travis Neal Homes
Bought by
Williamson Timothy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.79%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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 L $835,000 --
Hallway Inc -- --
Hall Jack H $890,000 --
Williamson Timothy M $406,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merlo James L $739,631
Previous Owner Williamson Timothy M $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2016 04/18/16 Sold $835,000 -5.1% $181 / Sq Ft
01/22/2016 01/22/16 Pending -- -- --
07/08/2015 07/08/15 Price Changed $880,000 -2.2% $191 / Sq Ft
05/01/2015 05/01/15 For Sale $900,000 -- $195 / 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 $10,819 $619,196 $200,000 $419,196
2024 $10,819 $619,196 $200,000 $419,196
2023 $10,656 $504,356 $160,000 $344,356
2022 $10,452 $384,648 $140,000 $244,648
2021 $10,094 $384,648 $140,000 $244,648
2020 $481 $391,844 $140,000 $251,844
2019 $8,874 $324,924 $114,400 $210,524
2018 $8,916 $326,720 $114,400 $212,320
2017 $8,846 $321,880 $114,400 $207,480
2016 $7,870 $283,548 $90,000 $193,548
2015 $7,383 $265,548 $72,000 $193,548
2014 $6,641 $250,864 $72,000 $178,864
Source: Public Records

Agents Affiliated with this Home

  • Teri Frye

    Seller's Agent in 2016

    Teri Frye

    The Rezerve, LLC

    (678) 428-4281

    2 in this area

    237 Total Sales

    Teri Frye
    Section Image

  • P

    Seller Co-Listing Agent in 2016

    Pete Frye

    The Rezerve, LLC

    (770) 715-5400

    96 Total Sales

    Pete Frye
    Section Image

  • B

    Buyer's Agent in 2016

    BEVERLY L CHEEK

    Around Atlanta Realty

    (404) 538-2471

    1 Total Sale

    BEVERLY L CHEEK
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5530341

First Multiple Listing Service (FMLS)

APN: 224-389

Georgia Forsyth County Cumming 30041

3390 Shady Cove Rd, Cumming, GA

This home is located at 3390 Shady Cove Rd, Cumming, GA 30041 since 01 May 2015 and is currently estimated at $1,585,516, approximately $343 per square foot. This property was built in 1997. 3390 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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