NOT LISTED FOR SALE

5040 Forest Cir Alpharetta, GA 30022

Estimated Value: $1,895,000 - $2,189,000

5 Beds
5.5 Baths
4,992 Sq Ft
$401/Sq Ft Est. Value

Last Sold December 28, 2020

Last sale price $1,255,000 $251 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $11,308/month

10 Days on Market

Highlights

  • Home Theater
  • Heated In Ground Pool
  • ENERGY STAR Certified Homes
  • Birmingham Falls Elementary School Rated A
  • Carriage House
  • Wooded Lot

About This Home

As of December 2020

Spectacular family farmhouse home located on a prime 1 acre cul-de-sac lot in the sought after Grove community in the heart of Milton, just minutes to Downtown Alpharetta, Avalon and Crabapple! Elegant finishes give you the feeling you’re staying in a 5 star hotel -- It’s the perfect mix of city and country. Indulge yourself in custom finishings from top to bottom of this stunning 'better than new' home that features chef’s dream kitchen with oversized island that provides lots of additional seating, high end appliances, custom cabinetry plus walk in pantry and separate mudroom with powder room. The kitchen opens to a family room with a stone fireplace, built-ins, coffered ceiling. Beautiful office with French doors and dining room right off the two story foyer plus bedroom suite on the main level. Upstairs you’ll find an impressive owner suite w/ sitting area; a one-of-a-kind walk-through shower; freestanding tub, custom-built closets; Fabulous secondary bedroom suites and well appointed spas. Incredible entertaining space just off your main level - Covered porch with stone fireplace and grilling station that opens to a breathtaking salt water pool and hot tub. Beautifully landscaped backyard perfect for that Thanksgiving game of football with the family. Backs up to a peaceful horse farm. Detached 3rd car garage w/finished private suite/office/man cave with full bath above. Award winning Milton schools.

Last Agent to Sell the Property

Cole Team

Real Broker, LLC. Listed on: 10/27/2020

Real Broker, LLC.

Last Buyer's Agent

REGAN COX

NOT A VALID MEMBER License #287161

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,584

Year Built

  • Built in 2015

Lot Details

  • 1 Acre Lot
  • Cul-De-Sac
  • Wood Fence
  • Landscaped
  • Irrigation Equipment
  • Wooded Lot
  • Garden
  • Back Yard Fenced and Front Yard

HOA Fees

  • $105 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway Level

Home Design

  • Carriage House
  • Craftsman Architecture
  • Farmhouse Style Home
  • Frame Construction
  • Ridge Vents on the Roof
  • Composition Roof
  • Cement Siding
  • Stone Siding

Interior Spaces

  • 4,992 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Bookcases
  • Tray Ceiling
  • Ceiling height of 10 feet on the main level
  • Ceiling Fan
  • Fireplace With Gas Starter
  • Fireplace Features Masonry
  • Insulated Windows
  • Two Story Entrance Foyer
  • Family Room with Fireplace
  • Formal Dining Room
  • Home Theater
  • Home Office
  • Loft
  • Bonus Room
  • Game Room
  • Home Gym
  • Wood Flooring

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Walk-In Pantry
  • Butlers Pantry
  • <<doubleOvenToken>>
  • Gas Range
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Kitchen Island
  • Stone Countertops
  • White Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • Walk-In Closet
  • In-Law or Guest Suite
  • Dual Vanity Sinks in Primary Bathroom
  • Low Flow Plumbing Fixtures
  • Separate Shower in Primary Bathroom
  • Soaking Tub

Laundry

  • Laundry Room
  • Laundry on upper level

Home Security

  • Security System Owned
  • Intercom
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient HVAC
  • Energy-Efficient Insulation
  • ENERGY STAR Certified Homes
  • Energy-Efficient Thermostat

Pool

  • Heated In Ground Pool
  • Gunite Pool

Outdoor Features

  • Covered patio or porch
  • Outdoor Fireplace

Schools

  • Birmingham Falls Elementary School
  • Northwestern Middle School
  • Milton High School

Utilities

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

Community Details

  • $950 Initiation Fee
  • Access Management Association
  • Secondary HOA Phone (770) 777-6890
  • The Grove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 22 391004500622

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,584

Year Built

Built in 2015

Lot Details

0

HOA Fees

$105 per month

Parking

3

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Craftsman, Farmhouse
  • Property Condition: Resale
  • Year Built: 2015
  • Levels Stories: Two
  • Cert Prof Home Bldrs Legacy: Ashton Woods
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Hardwood
  • Fireplace Features: Family Room, Gas Starter, Masonry, Outside
  • Number Of Fireplaces: 1
  • Other Equipment: Intercom, Irrigation Equipment
  • Appliances: Dishwasher, Disposal, Double Oven, ENERGY STAR Qualified Appliances, Gas Range, Gas Water Heater, Refrigerator
  • Interior Amenities: Bookcases, Double Vanity, Entrance Foyer, Entrance Foyer 2 Story, High Ceilings 9 ft Upper, High Ceilings 10 ft Main, High Speed Internet, Low-Flow Fixtures, Tray Ceiling(s), Walk-In Closet(s), Wet Bar
  • Kitchen Features: Cabinets White, Eat-in Kitchen, Kitchen Island, Pantry Walk-In, Stone Counters, View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Bonus Room, Den, Exercise Room, Family Room, Game Room, Loft, Media Room, Office
  • Dining Room Features: Butlers Pantry, Separate Dining Room
  • Square Footage: 4992.00
  • Spa Features: None
  • Window Features: Insulated Windows

Beds/Baths

  • Total Bedrooms: 5
  • Bedroom Features: In-Law Suite/Apartment
  • Main Bedrooms: 1
  • Total Bathrooms: 6
  • Total Full Baths: 5
  • Total Half Baths: 1
  • Main Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Separate Tub/Shower, Soaking Tub

Exterior Features

  • Other Structures: Carriage House
  • Construction Materials: Cement Siding, Frame, Stone
  • Roof Type: Composition, Ridge Vents
  • Fencing: Back Yard, Fenced, Privacy, Wood
  • Patio And Porch Features: Covered, Front Porch, Patio
  • Exterior Features: Garden, Private Yard
  • Pool Features: Gunite, Heated, In Ground
  • Pool Private: Yes

Garage/Parking

  • Carport or Garage: 3
  • Number of Garage Spaces: 3
  • Parking Features: Attached, Garage, Garage Door Opener, Level Driveway, Storage

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: Carbon Monoxide Detector(s), Fire Alarm, Security System Owned, Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Central Air, Humidity Control, Zoned
  • Heating: Forced Air, Natural Gas
  • Laundry Features: Laundry Room, Upper Floor
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Underground Utilities, Water Available
  • Electric: Other

Condo/Co-op/Association

  • HOA Fee Includes: Maintenance Grounds, Trash
  • Community Features: Homeowners Assoc, Sidewalks, Street Lights
  • Association Fee: 1260
  • Association Fee Frequency: Annually
  • Association: Yes
  • Management Company Email: KLONGFELLOW@ACCESSMANAGEMENT.COM
  • Management Phone: 770-777-6890
  • Subdivision Complex: The Grove

Association/Amenities

  • Management Company: ACCESS MANAGEMENT

Schools

  • Elementary School: Birmingham Falls
  • Middle School: Northwestern
  • High School: Milton

Lot Info

  • Acres: 1.0010
  • Land/Lot: 450
  • Section G M D: 2nd
  • Deed Book: 56343
  • Deed Page: 622
  • Plat Book: 376
  • Plat Page: 41
  • Lot Features: Back Yard, Cul-De-Sac, Front Yard, Landscaped, Private, Wooded
  • Lot Dimensions: x
  • Parcel Number: 22 391004500622
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Efficiency: HVAC, Insulation, Thermostat, Windows
  • Green Building Certifications: ENERGY STAR Certified Homes
  • Green Energy Generation: None

Rental Info

  • Initiation Fee: 950

Tax Info

  • Taxes: 6584.00
  • Assessor Parcel Number: 22-3910-0450-062-2
  • Close Date: 2020-12-28
  • Tax Year: 2019

MLS Schools

  • Elementary School: Birmingham Falls
  • High School: Milton
  • Middle School: Northwestern

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2020
Closed on
Dec 28, 2020
Sold by
Overstreet Donald W
Bought by
Yancey Terry Chance and Yancey Ali Postma
Seller's Agent
Cole Team
Real Broker, LLC.
Buyer's Agent
REGAN COX
NOT A VALID MEMBER
List Price
$1,250,000
Sold Price
$1,255,000
Premium/Discount to List
$5,000
0.4%
Current Estimated Value
$2,003,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$748,501
Avg. Annual Appreciation
10.88%
Original Mortgage
$1,004,000
Outstanding Balance
$900,015
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,103,486

Purchase Details

Closed on
Jun 30, 2016
Bought by
Overstreet Donald W and Overstreet Kathryn H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$632,000
Interest Rate
3.66%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Yancey Terry Chance $1,255,000 --
Overstreet Donald W $790,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yancey Terry Chance $1,004,000
Previous Owner Overstreet Donald W $632,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2020 12/28/20 Sold $1,255,000 +0.4% $251 / Sq Ft
11/06/2020 11/06/20 Pending -- -- --
10/27/2020 10/27/20 For Sale $1,250,000 -- $250 / 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 $1,653 $674,560 $145,800 $528,760
2023 $12,684 $449,360 $114,120 $335,240
2022 $8,291 $475,920 $114,120 $361,800
2021 $8,274 $401,600 $120,480 $281,120
2020 $6,675 $315,920 $95,320 $220,600
2019 $1,305 $339,240 $82,400 $256,840
2018 $8,063 $331,280 $80,480 $250,800
2017 $6,959 $238,520 $25,680 $212,840
2016 $679 $238,520 $25,680 $212,840
2015 $679 $19,960 $19,960 $0
Source: Public Records

Agents Affiliated with this Home

  • Cole Team

    Seller's Agent in 2020

    Cole Team

    Real Broker, LLC.

    (770) 316-3110

    8 in this area

    253 Total Sales

    Cole Team
    Section Image

  • R

    Buyer's Agent in 2020

    REGAN COX

    NOT A VALID MEMBER

    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6801305

First Multiple Listing Service (FMLS)

APN: 22-3910-0450-062-2

Georgia Fulton County Alpharetta 30004

5040 Forest Cir, Alpharetta, GA

This home is located at 5040 Forest Cir, Alpharetta, GA 30022 since 27 October 2020 and is currently estimated at $2,003,501, approximately $401 per square foot. This property was built in 2015. 5040 Forest Cir is a home located in Fulton County with nearby schools including Birmingham Falls Elementary School, Northwestern Middle School, and Milton High School.

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