NOT LISTED FOR SALE

4045 Jot Em Down Rd Cumming, GA 30028

Estimated Value: $235,000 - $469,000

3 Beds
2 Baths
1,680 Sq Ft
$179/Sq Ft Est. Value

Last Sold April 26, 2024

Last sale price $255,000 $152 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,703/month

10 Days on Market

Highlights

  • 2 Acre Lot
  • No HOA
  • 1-Story Property
  • Silver City Elementary School Rated A

About This Home

As of April 2024

Great Investment property with mobile home onsite and tenant in place / and or potential future homesite / approximately 2-acres located in the heart of Cumming, Georgia / new homes nearby starting in the 500s. The property is surrounded with lush greenery, pastures and tranquil landscapes / amenities include close access to shopping centers, a diverse culinary scene, and an abundance of natural resources including parks, trails, and recreational areas. Unlock the financial benefits of this property with an existing income stream. Whether it's through leasing or future development, this versatile acreage is a sound investment opportunity. PLEASE DO NOT USE SHOWING TIME-PLEASE DO NOT DISTURB TENANT -NO ONSITE OR INSIDE TOURS ALLOWED DURING THE MARKETING PHASE- DRIVE BY ONLY

Last Agent to Sell the Property

Sylvia Patterson

Keller Williams Realty Cityside License #105092 Listed on: 03/26/2024

Keller Williams Realty Cityside

Last Buyer's Agent

Deborah Knowles

RE/MAX Town & Country License #212072

RE/MAX Town & Country

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,389

Year Built

  • Built in 1998

Lot Details

  • 2

Home Design

  • Block Foundation

Parking

  • 3 Parking Spaces
  • Parking Pad
  • Off-Street Parking

Schools

  • Silver City Elementary School
  • North Forsyth Middle School
  • North Forsyth High School

Additional Features

  • 1-Story Property
  • 2 Acre Lot
  • Septic Tank

Community Details

  • No Home Owners Association
  • Gross Income $7,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,389

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Section: 2ND
  • Year Built: 1998
  • Financing Type: Cash
  • Levels: One
  • Lot Size Acres: 2.00
  • Structure Type: Other
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement: None

Exterior Features

  • Construction Materials: Other
  • Foundation Details: Block
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Off Street, Parking Pad
  • ParkingTotal: 3

Utilities

  • Cooling: Other
  • Heating: Other
  • Sewer: Septic Tank
  • Utilities: Electricity Individual Meters, Water Individual Meters
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Silver City
  • High School: North Forsyth
  • High School Bus: Yes
  • Middle School: North Forsyth
  • Middle School Bus: Yes

Rental Info

  • Owner Pays: Other

Tax Info

  • Year: 2023
  • Tax Annual Amount: 1389

Multi Family

  • GrossIncome: 7200
  • NumberOfUnitsTotal: 1

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2024
Closed on
Apr 26, 2024
Sold by
Chapman Family Limited Partnership
Bought by
Mohebbi Foroushani Sohayla and Mohebbi Mohammadreza Mohebesfahani
Seller's Agent
Sylvia Patterson
Keller Williams Realty Cityside
Buyer's Agent
Deborah Knowles
RE/MAX Town & Country
List Price
$200,000
Sold Price
$255,000
Premium/Discount to List
$55,000
27.5%
Views
138
Current Estimated Value
$301,350

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,350
Avg. Annual Appreciation
10.58%

Purchase Details

Closed on
Nov 17, 2005
Sold by
Lorence Debra
Bought by
Chapman Family Ltd Partnership

Purchase Details

Closed on
Aug 23, 2000
Sold by
Conseco Finance Svcing Corp
Bought by
Lorence Debra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,448
Interest Rate
7.83%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Mohebbi Foroushani Sohayla $255,000 None Listed On Document
Chapman Family Ltd Partnership $290,000 --
Lorence Debra $94,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lorence Debra $94,448
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2024 04/26/24 Sold $255,000 +27.5% $152 / Sq Ft
04/05/2024 04/05/24 Pending -- -- --
03/26/2024 03/26/24 For Sale $200,000 -- $119 / Sq Ft
Source: Georgia MLS

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 $1,434 $69,888 $69,888 --
2024 $1,434 $58,464 $58,464 --
2023 $1,389 $56,448 $56,448 $0
2022 $1,180 $35,856 $35,856 $0
2021 $990 $35,856 $35,856 $0
2020 $990 $35,856 $35,856 $0
2019 $698 $25,232 $25,232 $0
2018 $698 $25,232 $25,232 $0
2017 $553 $19,920 $19,920 $0
2016 $442 $15,936 $15,936 $0
2015 $443 $15,936 $15,936 $0
2014 $422 $15,936 $15,936 $0
Source: Public Records

Agents Affiliated with this Home

  • Sylvia Patterson

    Seller's Agent in 2024

    Sylvia Patterson

    Keller Williams Realty Cityside

    (770) 652-0057

    3 in this area

    30 Total Sales

    Sylvia Patterson
    Section Image
  • Deborah Knowles

    Buyer's Agent in 2024

    Deborah Knowles

    RE/MAX

    (770) 374-0314

    4 in this area

    71 Total Sales

    Deborah Knowles
    Section Image
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Map

Source: Georgia MLS

MLS Number: 10271986

Georgia MLS

APN: 232-089

Georgia Forsyth County Cumming 30028

4045 Jot Em Down Rd, Cumming, GA

Not Listed for Sale

MultiFamily

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