R
Seller's Agent in 2024
Robert T Weir
Weir Planning Agency
(678) 983-5911
14 Total Sales
4302 Franklin Goldmine Rd Cumming, GA 30028
Estimated Value: $374,000 - $696,723
6
Acres
$86,542
Price per Acre
265,716
Sq Ft Lot
Highlights
- Barn
- Stables
- Pasture
- Poole's Mill Elementary School Rated A
- Boarding Facilities
- Shed
About This Lot
As of September 2024ALL UNITS ARE CURRENTLY RENTED AND PRODUCE CONSISTENT RENTAL INCOME. DON'T MISS THE CHANCE TO OWN THIS AG ZONED LAND WITH EQUESTRIAN AMENITIES AND MULTIPLE INCOME PRODUCING PROPERTIES. THIS REMARKABLE 11.6 +/- ACRE PROPERTY HAS ENDLESS POSSIBILITIES. FEATURING 5 DISTINCT HOUSES, INCLUDING A SPACIOUS MAIN HOUSE WITH 2 SEPERATE EFFICIENCIES, A CHARMING BRICK HOUSE, AS WELL AS 3 MODULAR HOMES. THIS PROPERTY OFFERS VERSATILITY. THE FUNCTIONAL BARN BOASTS 14 STALLS AND A TACK ROOM, THE FENCED AREA IS PERFECTLY SUITED FOR HORESE AND GOATS, PROVIDING A SAFE AND SECURE ENVIRONMENT FOR YOUR BELOVED ANIMALS. THIS PROPERTY OFFERS A UNIQUE OPPORTUNITY TO EMBRACE A RURAL LIFESTYLE WHILE REMAINING CONVENIENTLY CLOSE TO SHOPPING AND RESTAURANTS.
** THIS TRACT WOULD HAS GREAT POTENTIAL FOR A RESIDENTIAL DEVELOPMENT AS WELL **
Property Details
Property Type
- Land
Est. Annual Taxes
- $5,151
Year Built
- Built in 1960
Lot Details
- Property fronts a county road
- Level Lot
- Property is zoned AG
Bedrooms and Bathrooms
- 1 Main Level Bedroom
- 1 Full Bathroom
Outdoor Features
- Boarding Facilities
- Shed
Farming
- Barn
- Pasture
Horse Facilities and Amenities
- Hay Storage
- Stables
Mobile Home
Additional Features
- 1-Story Property
- Residence on Property
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 009 023
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 3, 2024
Closed on
Sep 13, 2024
Sold by
Brannon Sandra Louise
Bought by
Karamched Prashanti and Karamched Suman K
Seller's Agent
Robert T Weir
Weir Planning Agency
Buyer's Agent
Robert T Weir
Weir Planning Agency
List Price
$1,649,500
Sold Price
$700,000
Premium/Discount to List
-$949,500
-57.56%
Total Days on Market
52
Views
25
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$172,092
Avg. Annual Appreciation
-36.10%
Original Mortgage
$665,000
Outstanding Balance
$660,715
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
-$132,807
Purchase Details
Closed on
May 24, 2006
Sold by
Brannon Sandra L
Bought by
Brannon Claude W and Brannon Sandra L
Purchase Details
Closed on
Dec 1, 2004
Sold by
Mcpherson Charles
Bought by
Brannon Sandra
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Karamched Prashanti | $700,000 | None Listed On Document | |
| Brannon Claude W | -- | -- | |
| Brannon Sandra | $175,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Karamched Prashanti | $665,000 | |
| Previous Owner | Brannon Sandra L | $324,000 | |
| Previous Owner | Brannon Sandra L | $214,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/13/2024 09/13/24 | Sold | $700,000 | +164.2% | $299 / Sq Ft |
| 09/13/2024 09/13/24 | Sold | $265,000 | -62.1% | $113 / Sq Ft |
| 06/24/2024 06/24/24 | Pending | -- | -- | -- |
| 06/24/2024 06/24/24 | Price Changed | $700,000 | 0.0% | $299 / Sq Ft |
| 06/24/2024 06/24/24 | Pending | -- | -- | -- |
| 06/24/2024 06/24/24 | Price Changed | $700,000 | -57.6% | $299 / Sq Ft |
| 05/03/2024 05/03/24 | For Sale | $1,649,500 | 0.0% | $704 / Sq Ft |
| 05/03/2024 05/03/24 | For Sale | $1,649,500 | -- | $704 / Sq Ft |
Source: First Multiple Listing Service (FMLS)
Tax History Compared to Growth
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 | $4,983 | $203,188 | $114,192 | $88,996 |
| 2023 | $5,151 | $209,284 | $122,976 | $86,308 |
| 2022 | $1,283 | $143,432 | $81,692 | $61,740 |
| 2021 | $1,077 | $143,432 | $81,692 | $61,740 |
| 2020 | $1,051 | $140,200 | $81,692 | $58,508 |
| 2019 | $908 | $121,412 | $63,536 | $57,876 |
| 2018 | $765 | $103,024 | $63,536 | $39,488 |
| 2017 | $714 | $95,480 | $57,488 | $37,992 |
| 2016 | $617 | $83,376 | $45,384 | $37,992 |
| 2015 | $617 | $83,376 | $45,384 | $37,992 |
| 2014 | $494 | $71,584 | $36,308 | $35,276 |
Source: Public Records
Agents Affiliated with this Home
-
Robert T Weir
Map
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Source: First Multiple Listing Service (FMLS)
MLS Number: 7380799
APN: 009-023
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