Seller's Agent in 2023
Kimberly Yates
Yates Estates
(678) 314-1737
5 in this area
175 Total Sales
5090 New Chapel Hill Way Cumming, GA 30041
Estimated Value: $1,775,000 - $2,652,000
7
Beds
8
Baths
12,712
Sq Ft
$182/Sq Ft
Est. Value
Highlights
- Water Views
- Boating
- Stables
- Haw Creek Elementary School Rated A
- Barn
- Home Theater
About This Home
As of December 2023Rare Opportunity to Own a Custom Mansion and Barn on 35+ acres of Land close to Lake Lanier. Property-Bordering Haw Creek spanning the length of the Property offers extensive Waterfront Land with Beautiful Scenery. Miles of Hand-Built Trails featured throughout Acreage. Many Recent Modern Renovations and Improvements. Extended Newly Black-topped Driveway through Electronic Gate leads to Both Barn and Private Home, Circular Driveway with Paver Accents/Large Water Fountain Welcomes You to the Double-arched Iron Front Door. Manor-esque Style Home with Soaring 14' + Ceilings-14' on two Main Levels, Stained Judges Paneled front Office/Library, three Floor-to-ceiling Stone Fireplaces, and Kitchen Offers Commercial-grade Appliances, two Custom Refrigerator size Wine-coolers and ice makers. High-end oversized theater and control-4 smart home features throughout the home. Boasts a sauna, oversized steam shower, walk-in gun safe, three Level Elevator, Master Bathroom Soaker tub, plus four additional Master-like Suites. Well Maintained and Neutrally Decorated. Approx. 25 acres of Private Treed/Pastures and a 10-acre Estate with Plenty of Room for a Recreation/Pool/Sports Court. Miles of Hand-built Trails Perfect for Hiking/Biking/Equestrian Featured on the Property. Perfect Set-up for Home-based Business Separate from the Main Dwelling. Plenty of Storage on the Terrace Level, Walk-in attic and a 3500 sq ft+ Barn. Commercial Grade Generator and Many High-end Finishes like Custom Closet Concepts, Slate Patio with Stone Accents, Large Steam Shower, Large In-door Sauna, Reclaimed 100 Year Old Barn Wood Flooring, Stained Tongue and Groove Ceilings, 18 TV Outlets both Inside and Outside the Home, Oversized Custom Theater, Custom Wood Mud Rooms, Cedar Wood Garage Doors, Outdoor Jacuzzi, Large Firepit sitting Area and much more. Property is Being Marketed below Last 4 Appraisals and Tax Values
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $22,679
Year Built
- Built in 2005
Lot Details
- 35 Acre Lot
- Lot Dimensions are 238x533x783x475x707x173
- Home fronts a creek
- Property fronts a county road
- Cul-De-Sac
- Wood Fence
- Landscaped
- Irrigation Equipment
- Front Yard Sprinklers
- Wooded Lot
- Private Yard
- Back and Front Yard
Parking
- 5 Car Garage
- Parking Accessed On Kitchen Level
- Rear-Facing Garage
- Garage Door Opener
- Driveway Level
Property Views
- Water
- Woods
Home Design
- Traditional Architecture
- European Architecture
- Tudor Architecture
- Composition Roof
- Stone Siding
- Four Sided Brick Exterior Elevation
- Concrete Perimeter Foundation
Interior Spaces
- 3-Story Property
- Central Vacuum
- Home Theater Equipment
- Bookcases
- Crown Molding
- Tray Ceiling
- Ceiling height of 10 feet on the lower level
- Ceiling Fan
- Gas Log Fireplace
- Fireplace Features Masonry
- Double Pane Windows
- Insulated Windows
- Private Rear Entry
- Entrance Foyer
- Great Room with Fireplace
- 3 Fireplaces
- Family Room
- Living Room
- Dining Room Seats More Than Twelve
- Formal Dining Room
- Home Theater
- Home Office
- Library
- Game Room
- Sauna
- Keeping Room with Fireplace
- Home Gym
Kitchen
- Open to Family Room
- Walk-In Pantry
- <<doubleOvenToken>>
- Gas Oven
- Gas Cooktop
- <<microwave>>
- Dishwasher
- Kitchen Island
- Stone Countertops
- Disposal
Flooring
- Wood
- Carpet
- Stone
- Marble
Bedrooms and Bathrooms
- Oversized primary bedroom
- 7 Bedrooms | 2 Main Level Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- In-Law or Guest Suite
- Vaulted Bathroom Ceilings
- Dual Vanity Sinks in Primary Bathroom
- Separate Shower in Primary Bathroom
- Soaking Tub
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
- Sink Near Laundry
- 220 Volts In Laundry
Finished Basement
- Interior and Exterior Basement Entry
- Garage Access
- Fireplace in Basement
- Finished Basement Bathroom
- Natural lighting in basement
Home Security
- Security System Owned
- Security Gate
- Intercom
- Smart Home
- Storm Windows
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Spa
- Courtyard
- Covered patio or porch
- Exterior Lighting
- Separate Outdoor Workshop
- Outdoor Gas Grill
Location
- Property is near schools
- Property is near shops
Schools
- Haw Creek Elementary School
- Lakeside - Forsyth Middle School
- South Forsyth High School
Farming
- Barn
- Pasture
Horse Facilities and Amenities
- Hay Storage
- Stables
- Riding Trail
Utilities
- Forced Air Zoned Cooling and Heating System
- Heating System Uses Natural Gas
- Underground Utilities
- Power Generator
- Tankless Water Heater
- Gas Water Heater
- Septic Tank
- Phone Available
- Satellite Dish
- Cable TV Available
Additional Features
- Accessible Elevator Installed
- Energy-Efficient Windows
Listing and Financial Details
- Assessor Parcel Number 226 010
Community Details
Overview
- Via Princeton Square Subdivision
Recreation
- Boating
- Park
- Trails
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 10, 2023
Closed on
Dec 5, 2023
Sold by
Yates Kimberly
Bought by
Chang Sangkyu and Chang Meesoon
Seller's Agent
Kimberly Yates
Yates Estates
Buyer's Agent
W F Todd Wyatt
Sanders RE, LLC
List Price
$2,795,500
Sold Price
$2,400,000
Premium/Discount to List
-$395,500
-14.15%
Views
54
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$82,901
Avg. Annual Appreciation
-1.14%
Purchase Details
Closed on
Jan 30, 2015
Sold by
Cotter Alice M
Bought by
Yates Kimberly
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
4.13%
Purchase Details
Closed on
Oct 26, 2005
Sold by
Cotter Douglas W
Bought by
Cotter Douglas W and Cotter Alice M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.63%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 26, 2004
Sold by
Cotter Alice
Bought by
Cotter Douglas W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
5.53%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Chang Sangkyu | -- | None Listed On Document | |
| Chang Sangkyu | -- | None Listed On Document | |
| Chang Sangkyu | $2,400,000 | None Listed On Document | |
| Yates Kimberly | $1,000,000 | -- | |
| Cotter Douglas W | -- | -- | |
| Cotter Douglas W | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Yates Kimberly | $254,000 | |
| Previous Owner | Yates Kimberly | $800,000 | |
| Previous Owner | Cotter Alice M | $2,000,000 | |
| Previous Owner | Cotter Douglas W | $1,000,000 | |
| Previous Owner | Cotter Douglas W | $750,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/05/2023 12/05/23 | Sold | $2,400,000 | -14.1% | $189 / Sq Ft |
| 11/27/2023 11/27/23 | Pending | -- | -- | -- |
| 11/10/2023 11/10/23 | For Sale | $2,795,500 | -- | $220 / Sq Ft |
Source: First Multiple Listing Service (FMLS)
Tax History Compared to Growth
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 | $24,229 | $1,134,096 | $389,612 | $744,484 |
| 2023 | $23,006 | $1,072,508 | $389,612 | $682,896 |
| 2022 | $21,810 | $720,448 | $233,768 | $486,680 |
| 2021 | $19,351 | $720,448 | $233,768 | $486,680 |
| 2020 | $18,809 | $694,172 | $233,768 | $460,404 |
| 2019 | $18,222 | $664,476 | $207,792 | $456,684 |
| 2018 | $18,174 | $661,908 | $181,820 | $480,088 |
| 2017 | $18,191 | $655,436 | $181,820 | $473,616 |
| 2016 | $17,830 | $642,448 | $168,832 | $473,616 |
| 2015 | $13,948 | $504,816 | $31,200 | $473,616 |
| 2014 | $12,068 | $459,116 | $31,200 | $427,916 |
Source: Public Records
Agents Affiliated with this Home
-
Kimberly Yates
-
W F Todd Wyatt
Buyer's Agent in 2023
W F Todd Wyatt
Sanders RE, LLC
(404) 663-0233
2 in this area
83 Total Sales
Map
Source: First Multiple Listing Service (FMLS)
MLS Number: 7305321
APN: 226-010
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