$522,000
SOLD JUL 24, 2024

5038 Watchmans Cove Gainesville, GA 30504

3 Beds
3 Baths
2,937 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$178 Per Sq Ft

18 Days on Market

Highlights

  • Boat Dock
  • Gated Community
  • Dining Room Seats More Than Twelve
  • Senior Community
  • Community Lake
  • Clubhouse

About This Home

As of July 2024

Your piece of HEAVEN awaits you in this beautiful home within the exclusive, gated 55+ Active adult community of Stephens Point, located along the shores of Lake Lanier. A charming front porch welcomes you, perfect for those warm summer nights and a glass of lemonade. This home features three bedrooms and three full bathrooms, along with a spacious welcoming foyer. Additionally, it includes a versatile flex room suitable for an office, exercise space or a craft area. The open floor plan features a gourmet kitchen with quartz counters, stainless steel appliances, beautiful backsplash, and an extra-large walk-in-pantry. The kitchen island is exceptionally spacious, able to accommodate many people and is ideal for entertaining and preparing meals. Throughout the first floor you will notice the luxury vinyl plank flooring and there is a fabulous mud-room area for your coats and shoes. The space in this home is light filled, very spacious and perfect for parties, gatherings and celebrations. It also features a gas-fireplace, perfect for cozying up during those cold winter nights. The spacious primary bedroom easily can accommodate a king-size bed and additional furniture. The primary bathroom is generously sized, featuring double vanities and a zero-entry walk-in tiled shower with a built-in support bar. The water closet and bathroom are ADA compatible. There is a huge walk-in-closet accessible from the primary bathroom. There is an additional bedroom on main with a full bathroom, alongside a large laundry room. The second floor Guest suite features an additional full living room, complete with an additional bedroom that includes a full bath and a large, expansive closet, making it ideal for accommodating visitors. You will be excited to discover a unique temperature-controlled attic closet space that is perfect for storage, among many other possibilities. After exploring the beautiful interior of this home, step outside to the covered patio, perfect for enjoying cookouts and special time with your favorite people or animals. This amazing neighborhood boasts a 14-slip courtesy dock on LAKE LANIER, accessible via-a golf cart path to the community dock. It also features a beautiful pool with lake views, pickleball and tennis courts and a clubhouse equipped for entertaining with shuffleboard, billiards and a kitchen. This is a community not to be missed, offering a wealth of activities and clubs. Here, you can enjoy all that nature has to offer just steps from your home. The neighborhood is bustling with activities, including a walking group, theatre group, pickleball, card games, game nights, book club, crafts, fishing, golf, tennis, lunch/dinner groups as well as boating. You do not want to miss an opportunity to live in Stephens Point which includes lawn maintenance, trash and a gated entrance. Paradise awaits you at this amazing home.

Last Agent to Sell the Property

Kathleen Longspaugh

Crye-Leike, Realtors License #359511 Listed on: 05/31/2024

Crye-Leike, Realtors

Last Buyer's Agent

Elizabeth Pope

Mark Spain Real Estate License #402904

Mark Spain Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,387

Year Built

  • Built in 2022

Lot Details

  • 10,454 Sq Ft Lot
  • Private Lot
  • Corner Lot
  • Level Lot

HOA Fees

  • $245 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,937 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Double Pane Windows
  • Entrance Foyer
  • Family Room with Fireplace
  • Great Room
  • Dining Room Seats More Than Twelve
  • Home Office
  • Loft
  • Carbon Monoxide Detectors
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • <<builtInOvenToken>>
  • <<microwave>>
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Bathtub Includes Tile Surround
  • Separate Shower

Parking

  • Garage
  • Parking Accessed On Kitchen Level
  • Garage Door Opener

Accessible Home Design

  • Accessible Full Bathroom
  • Roll-in Shower
  • Accessible Entrance

Outdoor Features

  • Patio
  • Porch

Schools

  • Oakwood Elementary School
  • West Hall Middle School
  • West Hall High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • 220 Volts
  • Gas Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • Senior Community
  • $2,250 Initiation Fee
  • Association fees include ground maintenance, swimming, tennis, trash
  • Stephens Point Subdivision
  • Community Lake

Recreation

  • Boat Dock
  • Tennis Courts
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,387

Year Built

Built in 2022

Lot Details

0

HOA Fees

$245 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2022
  • ArchitecturalStyle: Brick Front, Ranch
  • Electric: 220 Volts
  • Financing Type: Conventional
  • Levels: Two
  • Lot Size Acres: .24
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 2937
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Disposal, Gas Water Heater, Microwave, Oven (Wall), Stainless Steel Appliance(s)
  • Bedrooms: 3
  • Dining Room Features: Seats 12+
  • Basement: None
  • Total Finished Sq Ft: 2937
  • Above Grade Finished Sq Ft: 2937
  • Interior Amenities: Master On Main Level, Separate Shower, Tile Bath, Walk-In Closet(s)
  • Accessibility Features: Accessible Entrance, Accessible Full Bath, Shower Access Wheelchair
  • Full Bathrooms: 3
  • Fireplace Features: Family Room, Gas Log
  • Flooring: Tile, Vinyl
  • Kitchen Features: Breakfast Bar, Kitchen Island, Pantry, Walk-in Pantry
  • Window Features: Double Pane Windows
  • Price Per Square Foot: 177.732

Beds/Baths

  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 1
  • Bedroom Main Level: 2

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Slab
  • Lot Features: Corner Lot, Level, Private
  • Patio And Porch Features: Patio, Porch
  • Property Condition: Resale
  • Roof: Composition

Garage/Parking

  • Parking Features: Attached, Garage, Garage Door Opener, Kitchen Level

Utilities

  • Cooling: Ceiling Fan(s), Central Air, Electric, Zoned
  • Heating: Central, Forced Air, Natural Gas, Zoned
  • Laundry Features: Laundry Closet
  • Security Features: Carbon Monoxide Detector(s)
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Connected, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Annual Association Fee: 2940
  • Association: Yes
  • Community Features: Clubhouse, Gated, Lake, Pool, Retirement Community, Shared Dock, Sidewalks, Street Lights, Tennis Court(s)

Fee Information

  • Initiation Fee: 2250
  • Association Fee Includes: Maintenance Grounds, Swimming, Tennis, Trash

Schools

  • Elementary School: Oakwood
  • High School: West Hall
  • Middle School: West Hall
  • Elementary School: Oakwood
  • Middle School: West Hall
  • High School: West Hall

Lot Info

  • Deed Book: 9201
  • Deed Page: 493

Multi Family

  • Total Fireplaces: 1

Tax Info

  • Year: 2023
  • Tax Annual Amount: 1387

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2024
Closed on
Jul 24, 2024
Sold by
Muriset Alan D
Bought by
Mahaffey Elizabeth Ellen
Seller's Agent
Kathleen Longspaugh
Crye-Leike, Realtors
Buyer's Agent
Elizabeth Pope
Mark Spain Real Estate
List Price
$522,000
Sold Price
$522,000
Views
22

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.59%
Original Mortgage
$382,000
Outstanding Balance
$378,356
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$156,459

Purchase Details

Closed on
Sep 23, 2022
Sold by
Lennar Georgia Llc
Bought by
Muriset Alan D and Muriset Gwendolyn D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,180
Interest Rate
5.55%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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
Limited Warranty Deed $522,000 --
Warranty Deed $470,180 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $382,000 New Conventional
Previous Owner $220,180 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 For Sale $549,000 +5.2% $187 / Sq Ft
07/24/2024 07/24/24 Sold $522,000 0.0% $178 / Sq Ft
06/18/2024 06/18/24 Pending -- -- --
05/31/2024 05/31/24 For Sale $522,000 -- $178 / 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 $1,494 $177,240 $25,751 $151,489
2023 $1,619 $177,240 $28,000 $149,240
2022 $412 $12,600 $12,600 $0
2021 $377 $13,040 $13,040 $0
2020 $278 $9,000 $9,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 10309812

Georgia MLS

APN: 08-00065-00-201