NOT LISTED FOR SALE

505 Somerton Place Cumming, GA 30040

Estimated Value: $370,000 - $410,000

2 Beds
2 Baths
1,480 Sq Ft
$264/Sq Ft Est. Value

About This Home

This home is located at 505 Somerton Place, Cumming, GA 30040 and is currently estimated at $390,596, approximately $263 per square foot. 505 Somerton Place is a home located in Forsyth County with nearby schools including Cumming Elementary School, Otwell Middle School, and Forsyth Central High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2004
Sold by
Newbury Vlg Devel Llc
Bought by
Anderson Janet B
Current Estimated Value
$390,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,000
Interest Rate
5.77%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Anderson Janet B $185,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Janet B $86,000
Closed Anderson Janet B $71,000
Source: Public Records

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 $564 $148,828 $58,000 $90,828
2023 $464 $146,044 $44,000 $102,044
2022 $565 $101,212 $32,000 $69,212
2021 $548 $101,212 $32,000 $69,212
2020 $547 $100,660 $32,000 $68,660
2019 $546 $94,868 $20,000 $74,868
2018 $550 $90,196 $20,000 $70,196
2017 $557 $88,964 $20,000 $68,964
2016 $513 $70,484 $20,000 $50,484
2015 $513 $70,484 $20,000 $50,484
2014 $410 $60,652 $20,000 $40,652
Source: Public Records

Map

Georgia Forsyth County Cumming 30040

505 Somerton Place, Cumming, GA

This home is located at 505 Somerton Place, Cumming, GA 30040 and is currently estimated at $390,596, approximately $263 per square foot. 505 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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