NOT LISTED FOR SALE

4165 Settingdown Rd Cumming, GA 30028

Estimated Value: $354,000 - $1,142,879

57 Acres
$11,167 Price per Acre
2,461,140 Sq Ft Lot

Last Sold September 08, 2022

Last sale price $3,335,000

Current estimated payment $4,231/month

666 Days on Market

Highlights

  • Barn
  • 56.5 Acre Lot
  • Pasture
  • Coal Mountain Elementary School Rated A
  • Corner Lot
  • Landscaped with Trees

About This Lot

As of September 2022

Opportunity for potential industrial/commercial development. Property is located in area of industrial development just west of GA 400 at Settingdown and Martin Roads. Frontage on three (3) arterial roads with gentle topography. Utilities within reasonable distance to site.

Last Agent to Sell the Property

JB Bader

Keller Williams Realty Community Partners License #144398 Listed on: 05/14/2019

Keller Williams Realty Community Partners

Last Buyer's Agent

Scott Hutchison

Wilson Hutchison Realty, LLC. License #262587

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,746

Year Built

  • Built in 1955

Lot Details

  • 56.5 Acre Lot
  • Property fronts a state road
  • Barbed Wire
  • Corner Lot
  • Lot Has A Rolling Slope
  • Landscaped with Trees
  • Grass Covered Lot
  • Property is zoned AG

Schools

  • Coal Mountain Elementary School
  • North Forsyth Middle School
  • North Forsyth High School

Farming

  • Barn
  • Pasture

Listing and Financial Details

  • Assessor Parcel Number 236 006

Property Details

Property Type

Land

Est. Annual Taxes

$1,746

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Land
  • MLS Status: Closed
  • Current Classification: Undeveloped/Zoned Agriculture
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: LotsLands

Property Details

  • Property: Land

Exterior Features

  • Other Structures: Barn(s)
  • Fencing: Barbed Wire

Schools

  • Elementary School: Coal Mountain
  • Middle School: North Forsyth
  • High School: North Forsyth

Lot Info

  • Acres: 56.5000
  • Timber: Mixed
  • Land/Lot: 240
  • Possible Use: Commercial, Industrial
  • Section G M D: 1
  • Current Zoning: AG
  • Deed Book: 3786
  • Deed Page: 344
  • Current Use: Agricultural, Cattle, Horses
  • Lot Features: Corner Lot, Rolling Slope
  • Parcel Number: 236 006
  • Price Acre Dollar: 59026.55
  • Horse Amenities: None
  • Property Attached Yn: No

Tax Info

  • Taxes: 1746.00
  • Assessor Parcel Number: 236-000-006
  • Additional Assessor Parcel Numbers: 236-044, 215-037 and 216-024
  • Close Date: 2022-09-08
  • Tax Year: 2018

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Coal Mountain
  • High School: North Forsyth
  • Middle School: North Forsyth

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 11, 2025
Sold by
Settingdown 4165 Llc
Bought by
Hp Cm Property Llc
Current Estimated Value
$630,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,825,000
Outstanding Balance
$45,825,000
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
-$45,163,388

Purchase Details

Listed on
May 14, 2019
Closed on
Sep 8, 2022
Sold by
Residuary Trust
Bought by
Settingdown 4165 Llc
Seller's Agent
JB Bader
Keller Williams Realty Community Partners
Buyer's Agent
Scott Hutchison
Wilson Hutchison Realty, LLC.
List Price
$7,062,500
Sold Price
$3,335,000
Premium/Discount to List
-$3,727,500
-52.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-43.65%

Purchase Details

Closed on
Apr 28, 2021
Sold by
Martin Emory
Bought by
Martin Ruth B and Martin Andrew M
Source: Public Records

Range of Values:

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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
Hp Cm Property Llc $13,000,000 None Listed On Document
Hp Cm Property Llc $13,000,000 None Listed On Document
Settingdown 4165 Llc $1,258,100 --
Settingdown 4165 Llc $1,907,900 --
Martin Ruth B -- --
Martin Ruth B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hp Cm Property Llc $45,825,000
Closed Hp Cm Property Llc $45,825,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2022 09/08/22 Sold $3,335,000 -52.8% --
04/21/2022 04/21/22 For Sale $7,062,500 0.0% --
03/10/2021 03/10/21 Pending -- -- --
05/14/2019 05/14/19 For Sale $7,062,500 -- --
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 $8,946 $364,804 $336,000 $28,804
2023 $7,618 $201,794 $173,686 $28,108
2022 $2,489 $147,524 $127,604 $19,920
2021 $691 $147,524 $127,604 $19,920
2020 $687 $147,404 $127,604 $19,800
2019 $655 $108,552 $89,796 $18,756
2018 $570 $105,676 $89,796 $15,880
2017 $455 $82,564 $70,892 $11,672
2016 $451 $68,384 $56,712 $11,672
2015 $447 $68,384 $56,712 $11,672
2014 $418 $68,252 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6552796

First Multiple Listing Service (FMLS)

APN: 236-006