$310,000
SOLD MAY 31, 2024

4880 Patterson Ln Gainesville, GA 30506

4 Beds
3 Baths
2,371 Sq Ft
2 Acres

Recently Sold

$131 Per Sq Ft

3% Above List Price

3 Days on Market

Highlights

  • RV or Boat Parking
  • Private Lot
  • L-Shaped Dining Room
  • Deck
  • Wooded Lot
  • No HOA

About This Home

As of May 2024

Loads of room in this house on an oversized 2-acre lot in the north end area of Lake Lanier. Live around the fabulous lake where you can have fun boating, fishing, and enjoying the water. (2 miles away to the west + 4 miles away to the east). Look at the square footage of this home. Ample space for the whole family with 3 bedrooms and 2 full bathrooms on one side of the ranch home and a huge master suite with a full bath on the other. You can enjoy yourself on the front rocking chair porch or you can watch nature in the backyard on the covered deck. This house boasts a large living room on the right as you come through the front doors with hardwood floors, bookshelves for your books and nick knacks and drapes on the windows. The family room is at the backside of the house next to the kitchen-nice area for the large dining room table and a good area for the sofa, easy chairs, and a large screen television. Loads of cabinets in the kitchen and ample countertops for prepping those goods meals. From the family room you can open French doors to the covered deck-nice place to relax in the early morning or late afternoons. This all-electric home is on well water and a septic tank. One can almost be self-sufficient in this home. THIS HOME QUALIFIES FOR NO MONEY DOWN FHA FINANCING PLUS ADDITIONAL 1.5% FOR CLOSING COSTS! See PRIVATE remarks for more details.

Last Agent to Sell the Property

Ira Mosher

Atlanta Communities License #147641 Listed on: 05/01/2024

Atlanta Communities

Last Buyer's Agent

Kelly Gillian

Keller Williams Community Partners License #310808

Keller Williams Community Partners

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,755

Year Built

  • Built in 1964

Lot Details

  • 2 Acre Lot
  • Private Lot
  • Level Lot
  • Open Lot
  • Wooded Lot
  • Garden

Home Design

  • Block Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,371 Sq Ft Home
  • 1-Story Property
  • Roommate Plan
  • Ceiling Fan
  • Bay Window
  • Entrance Foyer
  • Family Room
  • L-Shaped Dining Room
  • Den
  • Crawl Space
  • Laundry in Hall

Kitchen

  • Breakfast Area or Nook
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Accessed On Kitchen Level
  • Off-Street Parking
  • RV or Boat Parking

Outdoor Features

  • Deck
  • Shed
  • Outbuilding

Schools

  • Lanier Elementary School
  • Chestatee Middle School
  • Chestatee High School

Utilities

  • Forced Air Heating and Cooling System
  • 220 Volts
  • Well
  • Electric Water Heater
  • Private Sewer
  • High Speed Internet
  • Phone Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 53

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,755

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Type: Residential
  • District: 10
  • Year Built: 1964
  • Electric: 220 Volts
  • Financing Type: Conventional
  • Levels: One
  • Lot Size Acres: 2.00
  • Other Sturctures: Outbuilding, Shed(s)
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 2371
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Electric Water Heater, Refrigerator
  • Bedrooms: 4
  • Dining Room Features: L Shaped
  • Basement: Crawl Space
  • Total Finished Sq Ft: 2371
  • Above Grade Finished Sq Ft: 2371
  • Interior Amenities: Master On Main Level, Other, Roommate Plan
  • Full Bathrooms: 3
  • Flooring: Carpet, Laminate
  • Kitchen Features: Breakfast Area
  • Window Features: Bay Window(s)
  • Price Per Square Foot: 130.746

Beds/Baths

  • Main Level Full Bathrooms: 3
  • Bedroom Main Level: 4

Exterior Features

  • Common Walls: No Common Walls
  • Construction Materials: Vinyl Siding
  • ExteriorFeatures: Garden
  • Foundation Details: Block
  • Lot Features: Level, Open Lot, Private
  • Patio And Porch Features: Deck
  • Property Condition: Resale
  • Roof: Composition
  • Waterfront Features: No Dock Or Boathouse

Garage/Parking

  • Parking Features: Kitchen Level, Off Street, RV/Boat Parking
  • ParkingTotal: 4

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Electric, Forced Air
  • Laundry Features: In Hall
  • Sewer: Private Sewer
  • Utilities: Electricity Available, High Speed Internet, Phone Available, Water Available
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Lanier
  • High School: Chestatee
  • High School Bus: Yes
  • Middle School: Chestatee
  • Middle School Bus: Yes
  • Elementary School: Lanier
  • Middle School: Chestatee
  • High School: Chestatee

Lot Info

  • Land Lot: 53
  • Deed Book: 7030
  • Deed Page: 125
  • Plat Book: 785
  • Plat Page: 133

Tax Info

  • Year: 2023
  • Tax Annual Amount: 1755

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2024
Closed on
May 31, 2024
Sold by
Jones Michela Kay
Bought by
Johnson Jeffrey
Seller's Agent
Ira Mosher
Atlanta Communities
Buyer's Agent
Kelly Gillian
Keller Williams Community Partners
List Price
$300,000
Sold Price
$310,000
Premium/Discount to List
$10,000
3.33%
Total Days on Market
3
Views
165
Current Estimated Value
$333,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,070
Avg. Annual Appreciation
7.52%
Original Mortgage
$217,000
Outstanding Balance
$215,250
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$117,820

Purchase Details

Listed on
Mar 2, 2012
Closed on
May 23, 2012
Sold by
Us Bank National Associati
Bought by
Jones Kay
Seller's Agent
Lauren McGuire
Virtual Properties Realty.com
Buyer's Agent
Wilma Hine
NOT A VALID MEMBER
List Price
$59,900
Sold Price
$59,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.64%
Original Mortgage
$83,438
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 4, 2011
Sold by
Smith Milton B
Bought by
Us Bank Na Series 2005-4

Purchase Details

Closed on
Jan 5, 2005
Sold by
Smith Vicki R
Bought by
Smith Milton Brannon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,870
Interest Rate
5.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2004
Sold by
Smith Vicki R
Bought by
Smith Newman
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $310,000 --
Warranty Deed $59,900 --
Foreclosure Deed $90,858 --
Deed $90,900 --
Deed $145,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $217,000 New Conventional
Previous Owner $108,150 FHA
Previous Owner $83,438 FHA
Previous Owner $87,870 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $310,000 +3.3% $131 / Sq Ft
05/01/2024 05/01/24 For Sale $300,000 +400.8% $127 / Sq Ft
05/23/2012 05/23/12 Sold $59,900 0.0% $25 / Sq Ft
03/21/2012 03/21/12 Pending -- -- --
03/02/2012 03/02/12 For Sale $59,900 -- $25 / 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
2024 $2,285 $91,520 $5,280 $86,240
2023 $2,234 $85,880 $5,280 $80,600
2022 $1,550 $59,280 $5,280 $54,000
2021 $1,530 $57,480 $4,960 $52,520
2020 $1,578 $57,680 $4,960 $52,720
2019 $1,506 $54,520 $4,960 $49,560
2018 $1,093 $38,147 $4,960 $33,187
2017 $1,082 $38,147 $4,960 $33,187
2016 $1,057 $38,147 $4,960 $33,187
2015 $1,065 $38,147 $4,960 $33,187
2014 $1,065 $38,147 $4,960 $33,187
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 10290811

Georgia MLS

APN: 10-00053-00-037