NOT LISTED FOR SALE

4850 Settingdown Rd Cumming, GA 30041

Lake Lanier Neighborhood

Estimated Value: $476,000 - $622,000

10 Acres
$54,053 Price per Acre
447,797 Sq Ft Lot

Last Sold August 20, 2021

Last sale price $370,000 $234 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,449/month

182 Days on Market

Highlights

  • 10.28 Acre Lot
  • Wooded Lot
  • Level Lot
  • Chestatee Elementary School Rated A-

About This Lot

As of August 2021

Amazing opportunity to own over 10 acres in a prime North Forsyth location just off Hwy 400. Backing up to the highly sought after Hampton Golf Village, this is one of the few parcels of its kind left in the area. 185 feet of road frontage, as well as an easement that gives access to the back of the parcel. Build your dream estate home, farm, or subdivide for multiple homesites. So many opportunities exist for this very hard to find piece of land.

Last Agent to Sell the Property

Sarah Coleman

Maximum One Premier Realtors License #371407 Listed on: 01/29/2021

Maximum One Premier Realtors

Last Buyer's Agent

Mark Phillips

NOT A VALID MEMBER License #374061

NOT A VALID MEMBER

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $524

Year Built

  • Built in 1968

Lot Details

  • 10.28 Acre Lot
  • Lot Dimensions are 185x1440x312x1500
  • Level Lot
  • Cleared Lot
  • Wooded Lot
  • Property is zoned A1

Schools

  • Chestatee Elementary School
  • North Forsyth Middle School
  • North Forsyth High School

Listing and Financial Details

  • Assessor Parcel Number 235 018

Property Details

Property Type

Land

Est. Annual Taxes

$524

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Land
  • MLS Status: Closed
  • Current Classification: Undeveloped/Zoned Agriculture
  • Property Condition: Resale
  • Year Built: 1968
  • Special Features: None
  • Property Sub Type: LotsLands

Property Details

  • Property: Land

Schools

  • Elementary School: Chestatee
  • Middle School: North Forsyth
  • High School: North Forsyth

Lot Info

  • Acres: 10.2800
  • Land/Lot: 407 & 430
  • Possible Use: Cattle, Agricultural, Dairy, Farm, Horses, Hunting, Poultry, Residential
  • Section G M D: 1
  • Current Zoning: A1
  • Deed Book: 8447
  • Deed Page: 60
  • Plat Book: 24
  • Plat Page: 156
  • Current Use: Vacant
  • Lot Features: Level
  • Lot Dimensions: 185x1440x312x1500
  • Parcel Number: 235 018
  • Price Acre Dollar: 35992.22
  • Horse Amenities: None
  • Property Attached Yn: No

Tax Info

  • Taxes: 524.00
  • Assessor Parcel Number: 235-000-018
  • Close Date: 2021-08-20
  • Tax Year: 2018

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2022
Sold by
Willis & Willis Properties Llc
Bought by
Banos Marina Espinoza and Hernandez Prudencio Romero
Current Estimated Value
$555,664

Purchase Details

Listed on
Jan 29, 2021
Closed on
Aug 20, 2021
Sold by
Davis Mary Ruth
Bought by
Espinoza Luis Alexis Romero and Hernandez Prudencio Romero
Seller's Agent
Sarah Coleman
Maximum One Premier Realtors
Buyer's Agent
Mark Phillips
NOT A VALID MEMBER
List Price
$450,000
Sold Price
$370,000
Premium/Discount to List
-$80,000
-17.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.75%

Purchase Details

Closed on
Jan 10, 2018
Sold by
Davis James Willard
Bought by
Davis Mary Ruth
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
Banos Marina Espinoza $1,000,000 Bettis Law Group Llc
Espinoza Luis Alexis Romero $370,000 --
Davis Mary Ruth -- --
Davis Mary Ruth -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/20/2021 08/20/21 Sold $370,000 -7.5% $234 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
06/30/2021 06/30/21 Price Changed $399,995 -4.8% $253 / Sq Ft
05/11/2021 05/11/21 Price Changed $420,000 -6.7% $265 / Sq Ft
04/13/2021 04/13/21 For Sale $450,000 0.0% $284 / Sq Ft
02/19/2021 02/19/21 Pending -- -- --
01/29/2021 01/29/21 For Sale $450,000 -- $284 / 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 $4,571 $186,412 $186,028 $384
2023 $4,430 $179,980 $179,612 $368
2022 $3,764 $125,816 $121,016 $4,800
2021 $573 $125,816 $121,016 $4,800
2020 $573 $125,816 $121,016 $4,800
2019 $543 $89,720 $85,160 $4,560
2018 $552 $89,720 $85,160 $4,560
2017 $524 $71,792 $67,232 $4,560
2016 $416 $58,344 $53,784 $4,560
2015 $416 $58,344 $53,784 $4,560
2014 $392 $58,344 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sarah Coleman

    Seller's Agent in 2021

    Sarah Coleman

    Maximum One Premier Realtors

    (770) 876-5578

    37 in this area

    131 Total Sales

    Sarah Coleman
    Section Image

  • M

    Buyer's Agent in 2021

    Mark Phillips

    NOT A VALID MEMBER

    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6833993

First Multiple Listing Service (FMLS)

APN: 235-018

Georgia Forsyth County Cumming 30041 Lake Lanier

4850 Settingdown Rd, Cumming, GA

This home is located at 4850 Settingdown Rd, Cumming, GA 30041 since 29 January 2021 and is currently estimated at $555,664, approximately $350 per square foot. This property was built in 1968. 4850 Settingdown Rd is a home located in Forsyth County with nearby schools including Chestatee Elementary School, North Forsyth Middle School, and Cornerstone Schools.

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