NOT LISTED FOR SALE

502 Penman Way Alpharetta, GA 30022

Ocee Neighborhood

Estimated Value: $807,000 - $943,000

5 Beds
4.5 Baths
3,038 Sq Ft
$293/Sq Ft Est. Value

Last Sold January 20, 2012

Last sale price $312,000 $103 Per Sq Ft

Est. 185% increase in value since last sale

Current estimated payment $5,357/month

Highlights

  • Home Theater
  • Sitting Area In Primary Bedroom
  • Traditional Architecture
  • Ocee Elementary School Rated A
  • Dining Room Seats More Than Twelve
  • Wood Flooring

About This Home

As of January 2012

This home is elegant and upgrade galore located in Prestigious Gated Commuinity of Jones Bridge Estates. This three stories home has elevator shaft, charming and inviting wrap around porches. Gourtmet Kitchen with large island, Top of the line stainless steel appliances, Hardwood floors throughout the main level. Gorgoeous master bedroom with spa like bath and huge walk in closet. Must See. Motivated Seller ** ALL WRAP AROUND PORCHES AND DECKS HAS BEEN PRESSURE WASHED AND NEWLY STAINED**This is not a foreclosure/Short Sale!!!!!

Last Agent to Sell the Property

Chet Patel

NOT A VALID MEMBER License #336110 Listed on: 05/02/2011

Last Buyer's Agent

Chet Patel

NOT A VALID MEMBER License #336110 Listed on: 05/02/2011

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,155

Year Built

  • Built in 2008

Lot Details

  • Corner Lot
  • Level Lot
  • Irrigation Equipment
  • Garden

HOA Fees

  • $85 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Driveway Level

Home Design

  • Traditional Architecture
  • Cedar

Interior Spaces

  • 3,038 Sq Ft Home
  • 3-Story Property
  • Tray Ceiling
  • Ceiling height of 10 feet on the main level
  • Ceiling Fan
  • Fireplace With Gas Starter
  • Family Room with Fireplace
  • Dining Room Seats More Than Twelve
  • Home Theater
  • Home Office

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Butlers Pantry
  • Double Self-Cleaning Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Kitchen Island
  • Stone Countertops
  • Wood Stained Kitchen Cabinets

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • Sitting Area In Primary Bedroom
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level

Finished Basement

  • Basement Fills Entire Space Under The House
  • Garage Access
  • Exterior Basement Entry
  • Natural lighting in basement

Home Security

  • Security System Owned
  • Security Gate

Outdoor Features

  • Patio
  • Wrap Around Porch

Schools

  • Ocee Elementary School
  • Taylor Road Middle School
  • Chattahoochee High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Satellite Dish

Community Details

  • Jones Bridge Estates Subdivision

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 502PenmanWAY

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,155

Year Built

Built in 2008

Lot Details

0

HOA Fees

$85 per month

Parking

2

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Property Condition: Resale
  • Year Built: 2008
  • Levels Stories: Three Or More
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Carpet, Hardwood
  • Fireplace Features: Family Room, Gas Starter
  • Number Of Fireplaces: 1
  • Other Equipment: Irrigation Equipment, Satellite Dish
  • Appliances: Dishwasher, Double Oven, ENERGY STAR Qualified Appliances, Gas Range, Microwave, Self Cleaning Oven
  • Interior Amenities: High Ceilings 9 ft Lower, High Ceilings 9 ft Main, High Ceilings 10 ft Main, High Speed Internet, Tray Ceiling(s), Walk-In Closet(s)
  • Basement: Daylight, Driveway Access, Exterior Entry, Finished, Full
  • Kitchen Features: Cabinets Stain, Stone Counters, Eat-in Kitchen, Kitchen Island, Pantry, View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Family Room, Media Room, Office
  • Dining Room Features: Seats 12+, Butlers Pantry
  • Square Footage: 3038.00

Beds/Baths

  • Total Bedrooms: 5
  • Bedroom Features: Sitting Room
  • Lower Bedrooms: 2
  • Total Full Baths: 4
  • Total Half Baths: 1
  • Lower Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Separate Tub/Shower, Whirlpool Tub

Exterior Features

  • Construction Materials: Cedar
  • Patio And Porch Features: Front Porch, Patio, Wrap Around
  • Exterior Features: Garden

Garage/Parking

  • Carport or Garage: 2
  • Number of Garage Spaces: 2
  • Parking Features: Garage, Level Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Security Gate, Security System Owned
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Forced Air, Natural Gas
  • Laundry Features: Laundry Room, Upper Floor

Condo/Co-op/Association

  • Association Fee: 1020
  • Association Fee Frequency: Annually
  • Master Association Fee Frequency: Annually
  • Association: Yes
  • Management Company Email: GMahoski@Comcast.Net
  • Subdivision Complex: Jones Bridge Estates

Schools

  • Elementary School: Ocee
  • Middle School: Taylor Road
  • High School: Chattahoochee

Lot Info

  • Lot: 19
  • Land/Lot: 193
  • Lot Features: Corner Lot, Level
  • Lot Dimensions: Under 1/3 Acre
  • Parcel Number: 502PenmanWAY
  • Property Attached Yn: No

Tax Info

  • Taxes: 6155.00
  • Assessor Parcel Number: 11-0450-0193-125-4
  • Close Date: 2012-01-20
  • Tax Year: 2009

MLS Schools

  • Elementary School: Ocee
  • High School: Chattahoochee
  • Middle School: Taylor Road

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2011
Closed on
Jan 20, 2012
Sold by
Parmar Hirenkumar V
Bought by
Williams Clarence
Seller's Agent
Chet Patel
NOT A VALID MEMBER
Buyer's Agent
Chet Patel
NOT A VALID MEMBER
List Price
$425,000
Sold Price
$312,000
Premium/Discount to List
-$113,000
-26.59%
Current Estimated Value
$889,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$577,789
Avg. Annual Appreciation
7.85%
Original Mortgage
$304,090
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 14, 2009
Sold by
Aldridge Jason E
Bought by
Parmar Hirenkumar and Parmar Jignaya H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,000
Interest Rate
5.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2008
Sold by
Alpharetta Community Bank
Bought by
Aldridge Jason E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Interest Rate
5.88%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Williams Clarence $312,000 --
Parmar Hirenkumar $395,000 --
Aldridge Jason E $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Clarence $304,090
Previous Owner Parmar Hirenkumar $316,000
Previous Owner Aldridge Jason E $365,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/20/2012 01/20/12 Sold $312,000 -26.6% $103 / Sq Ft
12/15/2011 12/15/11 Pending -- -- --
05/02/2011 05/02/11 For Sale $425,000 -- $140 / 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
2025 $6,656 $339,400 $92,200 $247,200
2023 $6,360 $225,320 $42,960 $182,360
2022 $6,360 $225,320 $42,960 $182,360
2021 $6,892 $218,760 $41,720 $177,040
2020 $6,218 $193,160 $65,680 $127,480
2019 $748 $189,760 $64,520 $125,240
2018 $6,034 $185,280 $63,000 $122,280
2017 $5,442 $159,880 $47,720 $112,160
2016 $5,363 $159,880 $47,720 $112,160
2015 $5,422 $159,880 $47,720 $112,160
2014 $5,639 $159,880 $47,720 $112,160
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2012

    Chet Patel

    NOT A VALID MEMBER

See All Agents

Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 4217525

First Multiple Listing Service (FMLS)

APN: 11-0450-0193-125-4

Georgia Fulton County Alpharetta 30022 Ocee

502 Penman Way, Alpharetta, GA

This home is located at 502 Penman Way, Alpharetta, GA 30022 since 02 May 2011 and is currently estimated at $889,789, approximately $292 per square foot. This property was built in 2008. 502 Penman Way is a home located in Fulton County with nearby schools including Ocee Elementary School, Taylor Road Middle School, and Chattahoochee High School.

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