NOT LISTED FOR SALE

503 Somerton Place Cumming, GA 30040

Estimated Value: $387,000 - $419,000

2 Beds
2 Baths
1,480 Sq Ft
$195/mo HOA Fee

Last Sold May 15, 2015

Last sale price $195,000 $132 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $2,382/month

Highlights

  • Fitness Center
  • Traditional Architecture
  • Sun or Florida Room
  • Otwell Middle School Rated A
  • Wood Flooring
  • End Unit

About This Home

As of May 2015

This home is located at 503 Somerton Place, Cumming, GA 30040 since 14 March 2015 and is currently estimated at $402,139, approximately $271 per square foot. This property was built in 2003. 503 Somerton Place is a home located in Forsyth County with nearby schools including Cumming Elementary School, Otwell Middle School, and Forsyth Central High School.

Last Agent to Sell the Property

BILL BROWN

Bill Brown Real Estate License #33591 Listed on: 03/14/2015

Last Buyer's Agent

Kimberly Yates

Yates Estates License #314038

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $398

Year Built

  • Built in 2003

Lot Details

  • End Unit
  • Landscaped

HOA Fees

  • $195 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Garden Home
  • Composition Roof

Interior Spaces

  • 1,480 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet on the main level
  • Ceiling Fan
  • Factory Built Fireplace
  • Gas Log Fireplace
  • Insulated Windows
  • Family Room with Fireplace
  • Great Room
  • Formal Dining Room
  • Sun or Florida Room
  • Open Access

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Dishwasher
  • Laminate Countertops
  • Wood Stained Kitchen Cabinets

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only

Laundry

  • Laundry Room
  • Laundry in Hall

Accessible Home Design

  • Accessible Entrance

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient Doors

Schools

  • Cumming Elementary School
  • Otwell Middle School
  • Forsyth Central High School

Utilities

  • Forced Air Zoned Cooling and Heating System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number C05 062

Community Details

Overview

  • Newbury Subdivision

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$398

Year Built

Built in 2003

Lot Details

0

HOA Fees

$195 per month

Parking

2

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Condominium
  • Architectural Style: Garden (1 Level), Traditional
  • Property Condition: Resale
  • Year Built: 2003
  • Accessibility Features: Accessible Entrance
  • Levels Stories: One
  • Special Features: None

Property Details

  • Property: Residential Attached

Interior Features

  • Flooring: Carpet, Hardwood
  • Fireplace Features: Factory Built, Family Room, Gas Log, Gas Starter
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Gas Range, Gas Water Heater
  • Interior Amenities: Double Vanity, High Ceilings 9 ft Main, High Speed Internet
  • Kitchen Features: Cabinets Stain, Eat-in Kitchen, Laminate Counters
  • Common Walls: End Unit
  • Additional Rooms: Great Room - 1 Story, Sun Room
  • Dining Room Features: Separate Dining Room
  • Square Footage: 1480.00
  • Window Features: Insulated Windows

Beds/Baths

  • Total Bedrooms: 2
  • Bedroom Features: Master on Main
  • Main Bedrooms: 2
  • Total Full Baths: 2
  • Main Full Bathrooms: 2
  • Master Bathroom Features: Double Vanity, Shower Only

Exterior Features

  • Roof Type: Composition

Garage/Parking

  • Carport or Garage: 2
  • Number of Garage Spaces: 2
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Security: Open Access
  • Cooling: Ceiling Fan(s), Central Air, Zoned
  • Heating: Forced Air, Natural Gas
  • Laundry Features: In Hall, Laundry Room
  • Utilities: Cable Available, Underground Utilities

Condo/Co-op/Association

  • Community Features: Fitness Center, Homeowners Assoc, Pool, Tennis Court(s)
  • Association Fee: 195
  • Association Fee Frequency: Monthly
  • Master Association Fee Frequency: Annually
  • Association: Yes
  • Subdivision Complex: Newbury

Schools

  • Elementary School: Cumming
  • Middle School: Otwell
  • High School: Forsyth Central

Green Features

  • Efficiency: Doors, Windows

Lot Info

  • Lot Features: Landscaped
  • Parcel Number: C05 062
  • Property Attached Yn: Yes

Tax Info

  • Taxes: 398.00
  • Assessor Parcel Number: C05-000-062
  • Close Date: 2015-05-15
  • Tax Year: 2014

MLS Schools

  • Elementary School: Cumming
  • High School: Forsyth Central
  • Middle School: Otwell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2015
Closed on
May 15, 2015
Sold by
Morrison Douglas
Bought by
Morrison Douglas and Morrison Joann L
Seller's Agent
BILL BROWN
Bill Brown Real Estate
Buyer's Agent
Kimberly Yates
Yates Estates
List Price
$195,000
Sold Price
$195,000
Current Estimated Value
$402,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,139
Avg. Annual Appreciation
7.20%
Original Mortgage
$180,775
Outstanding Balance
$139,816
Interest Rate
3.79%
Mortgage Type
VA
Estimated Equity
$262,323

Purchase Details

Closed on
May 26, 2005
Sold by
Cooledge Norman A
Bought by
Williams Ann W

Purchase Details

Closed on
May 20, 2004
Sold by
Newbury Village Devel Llc
Bought by
Cooledge Norman A
Source: Public Records

Range of Values:

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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
Morrison Douglas -- --
Morrison Douglas $195,000 --
Williams Ann W $193,000 --
Cooledge Norman A $186,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morrison Douglas $180,775
Closed Morrison Douglas $180,775
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2015 05/15/15 Sold $195,000 0.0% $132 / Sq Ft
04/04/2015 04/04/15 Pending -- -- --
03/14/2015 03/14/15 For Sale $195,000 -- $132 / 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 $554 $152,964 $58,000 $94,964
2024 $554 $147,028 $58,000 $89,028
2023 $454 $144,084 $44,000 $100,084
2022 $555 $99,852 $32,000 $67,852
2021 $538 $99,852 $32,000 $67,852
2020 $537 $99,340 $32,000 $67,340
2019 $536 $93,388 $20,000 $73,388
2018 $540 $88,836 $20,000 $68,836
2017 $547 $87,644 $20,000 $67,644
2016 $525 $71,884 $20,000 $51,884
2015 $498 $68,564 $20,000 $48,564
2014 -- $59,092 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • BILL BROWN

    Seller's Agent in 2015

    BILL BROWN

    Bill Brown Real Estate

    (770) 653-5638

    1 in this area

    8 Total Sales

    BILL BROWN
    Section Image
  • Kimberly Yates

    Buyer's Agent in 2015

    Kimberly Yates

    Yates Estates

    (678) 314-1737

    161 Total Sales

    Kimberly Yates
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5509886

First Multiple Listing Service (FMLS)

APN: C05-062

Georgia Forsyth County Cumming 30040

503 Somerton Place, Cumming, GA

This home is located at 503 Somerton Place, Cumming, GA 30040 since 14 March 2015 and is currently estimated at $402,139, approximately $271 per square foot. This property was built in 2003. 503 Somerton Place is a home located in Forsyth County with nearby schools including Cumming Elementary School, Otwell Middle School, and Forsyth Central High School.

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