NOT LISTED FOR SALE

4940 Wil Ray Ln Cumming, GA 30040

Estimated Value: $468,585 - $504,000

4 Beds
3.5 Baths
2,429 Sq Ft
$202/Sq Ft Est. Value

Highlights

  • Open-Concept Dining Room
  • Deck
  • Stone Countertops
  • Kelly Mill Elementary School Rated A
  • End Unit
  • White Kitchen Cabinets

About This Home

As of September 2023

Living your Best Life in this Luxury Townhome! You just had the best glass of wine and amazing meal with your favorite people over at Vickery Village. After dinner you stroll around the Village to enjoy the fun shops and live music. Then just a short ride to your on point/designer styled townhome. Fresh, modern and sophisticated details from the luxury hardwood flooring, to the quartz counters, every detail has been thought of. You drop your packages on the kitchen island, step over and sink into your plush sofa, prop your feet up and talk about the day. Tomorrow you are grabbing the bikes and hitting the Big Creek Greenway at Fowler Park. So many fun things to do just minutes from your doorstep. And top Forsyth County Schools. What are you waiting for? Call your real estate agent and have them schedule a showing today!

*Additional $15 per month for Resident Benefit Package which includes Quarterly Filter Shipment, Online Tenant Portal, After Hours Emergency Maintenance Hotline and 1 time forgiveness of late fee (rent paid in full by10th of month). Credit must be 650 or greater. Monthly NET Income must be equal to or greater than 3 x the monthly rent.

Last Agent to Rent the Property

Karen Spalding

Spalding Brokers, LLC. License #321898 Listed on: 06/20/2023

Co-Listed By

mark spalding

EXP Realty, LLC.

Last Renter's Agent

Kenyetta Wiggins

EXP Realty, LLC. License #422909

EXP Realty, LLC.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,917

Year Built

  • Built in 2021

Lot Details

  • 3,485 Sq Ft Lot
  • End Unit
  • Back Yard

Parking

  • 2 Car Garage
  • Front Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Shingle Roof
  • Brick Front

Interior Spaces

  • 2,429 Sq Ft Home
  • 3-Story Property
  • Bookcases
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Open-Concept Dining Room

Kitchen

  • Open to Family Room
  • Gas Oven
  • Gas Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • White Kitchen Cabinets

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Deck
  • Patio

Schools

  • Kelly Mill Elementary School
  • Hendricks Middle School
  • West Forsyth High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $3,000
  • 12 Month Lease Term
  • $50 Application Fee
  • Assessor Parcel Number 056 492

Community Details

Overview

  • Property has a Home Owners Association
  • Application Fee Required
  • Wil Ray Subdivision

Pet Policy

  • Call for details about the types of pets allowed
  • Pet Deposit $300

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,917

Year Built

Built in 2021

Lot Details

0

Parking

2

Rental Info

  • Furnished: Unfurnished
  • Tenant Pays: All Utilities, Pest Control, Security, Telephone, Trash Collection
  • Credit Report Required: Yes
  • Deposit: 3000
  • Lease Term: 12 Months
  • Move Out Fee: Yes
  • Move Out Fee: 300.00
  • Per Adult Dollar: 50.00
  • Pets Allowed: Call
  • Reservation Deposit: 3000.00
  • Application Fee Per Adult: Yes
  • Pet Deposit Dollar: 300.00
  • Deposit Required: Security

Listing Details

  • Standard Status: Closed
  • Property Type: Residential Lease
  • MLS Status: Closed
  • Property Sub Type: Townhouse
  • Architectural Style: Townhouse
  • Year Built: 2021
  • Levels Stories: Three Or More
  • Above Grade Finished Sq Ft: 2429.00
  • Special Features: NewHome

Property Details

  • Property: Residential Lease

Interior Features

  • Flooring: Carpet, Laminate
  • Fireplace Features: Family Room, Gas Log
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Dryer, Gas Oven, Gas Range, Microwave, Range Hood, Refrigerator, Washer
  • Interior Amenities: Bookcases, Double Vanity, Walk-In Closet(s)
  • Kitchen Features: Cabinets White, Kitchen Island, Pantry, Stone Counters, View to Family Room
  • Common Walls: End Unit
  • Additional Rooms: Family Room
  • Dining Room Features: Open Concept
  • Square Footage: 2429.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 4
  • Lower Bedrooms: 1
  • Total Bathrooms: 4
  • Total Full Baths: 3
  • Total Half Baths: 1
  • Lower Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Shower Only

Exterior Features

  • Construction Materials: Brick Front
  • Roof Type: Shingle
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Carport or Garage: 2
  • Number of Garage Spaces: 2
  • Parking Features: Driveway, Garage, Garage Door Opener, Garage Faces Front

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Upper Floor
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available

Condo/Co-op/Association

  • Community Features: Homeowners Assoc
  • Management: Professionally Managed
  • Subdivision Complex: Wil Ray

Schools

  • Elementary School: Kelly Mill
  • Middle School: Hendricks
  • High School: West Forsyth

Lot Info

  • Acres: 0.0800
  • Lot Features: Back Yard
  • Lot Dimensions: x
  • Parcel Number: 056 492
  • Property Attached Yn: No

Tax Info

  • Assessor Parcel Number: 056-000-492
  • Close Date: 2023-09-05

MLS Schools

  • Elementary School: Kelly Mill
  • High School: West Forsyth
  • Middle School: Hendricks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2022
Closed on
Jun 3, 2022
Sold by
Chs Property Management Llc
Bought by
Babu Malladi Madhukar and Murishetty Shravan Kumar
Seller's Agent
Karen Spalding
Spalding Brokers, LLC.
Buyer's Agent
Bonnie H Smith
Atlanta Fine Homes Sotheby's International
Sold Price
$3,150
Current Estimated Value
$489,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$486,746
Original Mortgage
$398,190
Outstanding Balance
$378,313
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$111,583
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
Babu Malladi Madhukar $423,200 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Babu Malladi Madhukar $398,190
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2023 09/05/23 Rented $3,000 0.0% --
08/18/2023 08/18/23 Under Contract -- -- --
08/01/2023 08/01/23 Price Changed $3,000 -4.8% $1 / Sq Ft
06/20/2023 06/20/23 For Rent $3,150 0.0% --
06/29/2022 06/29/22 Rented $3,150 0.0% --
06/18/2022 06/18/22 For Rent $3,150 -- --
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
2025 $4,917 $207,416 $66,000 $141,416
2024 $4,917 $200,532 $66,000 $134,532
2023 $4,087 $166,060 $56,000 $110,060
2022 $3,106 $32,000 $32,000 $0
2021 $884 $32,000 $32,000 $0
2020 $884 $32,000 $32,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Karen Spalding

    Landlord's Agent in 2023

    Karen Spalding

    Spalding Brokers, LLC.

    (770) 789-9052

    42 Total Sales

    Karen Spalding
    Section Image

  • m

    Landlord's Co-Listing Agent in 2023

    mark spalding

    EXP Realty, LLC.

    (678) 776-1135

    27 Total Sales

    mark spalding
    Section Image
  • Kenyetta Wiggins

    Tenant's Agent in 2023

    Kenyetta Wiggins

    EXP Realty, LLC.

    (678) 327-4000

    3 Total Sales

    Kenyetta Wiggins
    Section Image
  • Bonnie H Smith

    Buyer's Agent in 2022

    Bonnie H Smith

    Atlanta Fine Homes Sotheby's International Realty

    (404) 713-7713

    144 Total Sales

    Bonnie H Smith
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7234616

First Multiple Listing Service (FMLS)

APN: 056-492

Georgia Forsyth County Cumming 30040

4940 Wil Ray Ln, Cumming, GA

This home is located at 4940 Wil Ray Ln, Cumming, GA 30040 since 20 June 2023 and is currently priced at $489,896. This property was built in 2021. 4940 Wil Ray Ln is a home located in Forsyth County with nearby schools including Kelly Mill Elementary School, West Forsyth High School, and Montessori School of Cumming.

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