NOT LISTED FOR SALE

4062 Summerhill Dr Gainesville, GA 30506

Estimated Value: $986,879 - $1,163,000

4 Beds
4 Baths
4,314 Sq Ft
$250/Sq Ft Est. Value

Last Sold July 20, 2020

Last sale price $687,000 $159 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $6,715/month

115 Days on Market

Highlights

  • 495 Feet of Waterfront
  • Pool House
  • Community Lake
  • Home Theater
  • Lake View
  • Dining Room Seats More Than Twelve

About This Home

As of July 2020

Large Traditional home in Gated community on Lake Lanier. Less than 15 min to NE Georgia Medical Center, close to Olympic Rowing Venue and public Lake Lanier Access. Many upgrades throughout...Master on Main level w french doors overlooking saltwater gunite heated pool & spa. Formal Dining room. All bedrooms are suites! Open floor plan w Gourmet Kitchen, 2 laundry rooms (1 each level).Separate pool House w FULL bath & kitchen, Property on Lake Lanier & Corps property (no dock).Go kayaking & fishing.Irrigation system , NEW roof 2019 and New HVAC units. North Hall Schools Additional Lot available for extra acreage and privacy **

Last Agent to Sell the Property

David McKinley

Keller Williams Lanier Partners License #173680 Listed on: 02/18/2020

Keller Williams Lanier Partners

Last Buyer's Agent

Dani Burns

Keller Williams Lanier Partners License #251739

Keller Williams Lanier Partners

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,948

Year Built

  • Built in 2000

Lot Details

  • 2.4 Acre Lot
  • Lot Dimensions are 401 x 371
  • 495 Feet of Waterfront
  • Lake Front
  • Property fronts a state road
  • Private Entrance
  • Wrought Iron Fence
  • Irrigation Equipment
  • Private Yard
  • Back Yard

HOA Fees

  • Property has a Home Owners Association

Parking

  • 3 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Driveway Level
  • Secured Garage or Parking

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Composition Roof
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 4,314 Sq Ft Home
  • 1.5-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Factory Built Fireplace
  • Fireplace Features Blower Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Private Rear Entry
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Dining Room Seats More Than Twelve
  • Breakfast Room
  • Formal Dining Room
  • Home Theater
  • Home Office
  • Bonus Room
  • Workshop
  • Ceramic Tile Flooring
  • Lake Views
  • Unfinished Basement

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Electric Oven
  • Self-Cleaning Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Wood Stained Kitchen Cabinets

Bedrooms and Bathrooms

  • Oversized primary bedroom
  • 4 Bedrooms | 1 Primary Bedroom on Main
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Home Security

  • Security Gate
  • Fire and Smoke Detector

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient HVAC
  • Energy-Efficient Insulation
  • Energy-Efficient Thermostat

Pool

  • Pool House
  • Heated In Ground Pool
  • Gunite Pool

Outdoor Features

  • Covered patio or porch
  • Outdoor Storage
  • Outbuilding

Location

  • Property is near schools
  • Property is near shops

Schools

  • Riverbend Elementary School
  • North Hall Middle School
  • North Hall High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Air Source Heat Pump
  • Underground Utilities
  • 220 Volts
  • Electric Water Heater
  • Septic Tank
  • Phone Available
  • Cable TV Available

Community Details

  • Old Ivy Subdivision
  • Community Lake

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 15
  • Assessor Parcel Number 10152 000063

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,948

Year Built

Built in 2000

Lot Details

0

HOA Fees

$75 per month

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: 2000
  • Levels Stories: One and One Half
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Ceramic Tile
  • Fireplace Features: Blower Fan, Factory Built, Family Room, Gas Log, Gas Starter, Living Room
  • Number Of Fireplaces: 2
  • Other Equipment: Irrigation Equipment
  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Self Cleaning Oven
  • Interior Amenities: Cathedral Ceiling(s), Double Vanity, Walk-In Closet(s)
  • Basement: Unfinished
  • Kitchen Features: Breakfast Bar, Breakfast Room, Cabinets Stain, Eat-in Kitchen, Kitchen Island, Pantry Walk-In, Solid Surface Counters, Stone Counters, View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Bonus Room, Den, Family Room, Media Room, Office, Workshop
  • Dining Room Features: Seats 12+, Separate Dining Room
  • Square Footage: 4314.00
  • Spa Features: None
  • Window Features: Insulated Windows

Beds/Baths

  • Total Bedrooms: 4
  • Bedroom Features: Master on Main, Oversized Master
  • Main Bedrooms: 1
  • Total Bathrooms: 4
  • Total Full Baths: 4
  • Main Full Bathrooms: 2
  • Master Bathroom Features: Double Vanity, Separate Tub/Shower, Whirlpool Tub

Exterior Features

  • Other Structures: Garage(s), Outbuilding, Pool House
  • Waterfront Frontage: 495
  • Construction Materials: Brick 4 Sides
  • Roof Type: Composition, Shingle
  • Lake Name: Lanier
  • Fencing: Wrought Iron
  • Patio And Porch Features: Covered, Front Porch, Rear Porch, Side Porch
  • Exterior Features: Private Front Entry, Private Rear Entry, Private Yard, Storage
  • Pool Features: Gunite, Heated, In Ground
  • View: Lake
  • Pool Private: Yes

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: Secured Garage/Parking, Security Gate, Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Central Air, Heat Pump, Zoned
  • Heating: Central, Electric, Zoned
  • Laundry Features: Laundry Room, Main Level, Upper Floor
  • Utilities: Cable Available, Electricity Available, Phone Available, Underground Utilities, Water Available
  • Electric: 220 Volts

Condo/Co-op/Association

  • HOA Fee Includes: Reserve Fund
  • Community Features: Homeowners Assoc, Lake, Near Schools, Near Shopping, Street Lights
  • Association Fee Frequency: Annually
  • Master Association Fee: 900
  • Master Association Fee Frequency: Annually
  • Association: Yes
  • Home Warranty: Yes
  • Subdivision Complex: Old Ivy

Schools

  • Elementary School: Riverbend
  • Middle School: North Hall
  • High School: North Hall

Lot Info

  • Acres: 2.4000
  • Lot: 15
  • Deed Book: 7890
  • Deed Page: 45
  • Plat Book: 511
  • Plat Page: 195A
  • Lot Features: Back Yard
  • Lot Dimensions: 401 x 371
  • Parcel Number: 10152 000063
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Efficiency: HVAC, Insulation, Thermostat, Windows
  • Green Energy Generation: None

Tax Info

  • Taxes: 4948.00
  • Assessor Parcel Number: 10-00152-00-063
  • Close Date: 2020-07-20
  • Tax Year: 2018

Multi Family

  • Waterfront Features: Lake

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Riverbend
  • High School: North Hall
  • Middle School: North Hall

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2020
Closed on
Jul 20, 2020
Sold by
Wright Timothy Scott
Bought by
Magnus Matthew M and Magnus Bethany S
Seller's Agent
David McKinley
Keller Williams Lanier Partners
Buyer's Agent
Dani Burns
Keller Williams Lanier Partners
List Price
$750,000
Sold Price
$687,000
Premium/Discount to List
-$63,000
-8.4%
Total Days on Market
115
Current Estimated Value
$1,076,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$389,970
Avg. Annual Appreciation
9.61%
Original Mortgage
$387,000
Outstanding Balance
$347,721
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$729,249

Purchase Details

Closed on
Apr 21, 2017
Sold by
Wright Timothy Scott
Bought by
Wright Timothy Scott and Wright Cheryl Leann

Purchase Details

Closed on
Sep 16, 2002
Sold by
Wright Timothy Scott
Bought by
Wright Timothy Scott and Wright Cheryl L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,500
Interest Rate
6.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2000
Sold by
Par 4 Partnership
Bought by
Wright Timothy Scott and Wright Cheryl Leeann
Source: Public Records

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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
Magnus Matthew M $687,000 --
Wright Timothy Scott -- --
Wright Timothy Scott -- --
Wright Timothy Scott $12,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Magnus Matthew M $387,000
Previous Owner Wright Timothy Scott $225,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2020 07/20/20 Sold $687,000 -6.3% $159 / Sq Ft
03/26/2020 03/26/20 Price Changed $733,500 -2.2% $170 / Sq Ft
02/18/2020 02/18/20 For Sale $750,000 -- $174 / 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
2024 $7,407 $299,140 $34,440 $264,700
2023 $7,372 $285,620 $34,440 $251,180
2022 $6,673 $245,464 $34,440 $211,024
2021 $6,422 $236,236 $34,440 $201,796
2020 $6,052 $221,436 $34,440 $186,996
2019 $6,192 $227,760 $34,440 $193,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6682373

First Multiple Listing Service (FMLS)

APN: 10-00152-00-063