NOT LISTED FOR SALE

5099 Watchmans Cove Gainesville, GA 30504

Estimated Value: $517,115 - $565,000

3 Beds
2 Baths
2,880 Sq Ft
$188/Sq Ft Est. Value

Last Sold January 11, 2024

Last sale price $501,500 $174 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,387/month

54 Days on Market

Highlights

  • 14 Boat Docks
  • Clubhouse
  • 1 Fireplace
  • Gated Community
  • Wood Flooring
  • Bonus Room

About This Home

As of January 2024

Welcome Home to Stephens Point, an Active 55 and over community on Lake Lanier. You do not want to miss out on this home with its open plan that has upgraded features throughout. When you first walk through the door, you will feel like you are already at home. This home is so open and inviting. The primary bedroom and primary bathroom are on the main floor, with a walk-in shower. With a second bedroom next to a full bath & laundry room. A flex room at front entry can be whatever you need. You have this amazingly open concept with your kitchen, dining, sunroom/morning room and family room. The kitchen is for the cook, center island, and stainless-steel appliances. The kitchen also has an oversized pantry. The kitchen opening to the living room is a perfect combination for all families to enjoy. Also, with the beautiful, covered patio that has a remote controlled shade, you can entertain family and friends rain or shine. The upstairs is a must see with bedroom/rec room with heated and cooled closet and storage rooms. Seller has spent over $17,000 in updating lighting, expanded patio, ceiling fans, fenced rear yard, shrub, trees & plants just to name a few items. They have many activities at the clubhouse, and updates are posted on Facebook - this is definitely a active and wonderful community Enjoy pickleball, tennis, swimming pool, clubhouse and community dock on Lake Lanier. Home was appraised and inspection completed in past 3 weeks. Back on market at no fault of sellers.

Last Agent to Sell the Property

Anne Watson-Smith

Keller Williams Realty Atl. Partners License #173272 Listed on: 10/27/2023

Keller Williams Realty Atl. Partners

Last Buyer's Agent

Stacey Dodson

Keller Williams Realty North Atlanta License #394560

Keller Williams Realty North Atlanta

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,490

Year Built

  • Built in 2021

Lot Details

  • 6,970 Sq Ft Lot
  • Level Lot

HOA Fees

  • $220 Monthly HOA Fees

Home Design

  • Composition Roof
  • Concrete Siding

Interior Spaces

  • 2,880 Sq Ft Home
  • 1-Story Property
  • Roommate Plan
  • Ceiling Fan
  • 1 Fireplace
  • Entrance Foyer
  • Family Room
  • Breakfast Room
  • Bonus Room

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Double Vanity

Laundry

  • Laundry Room
  • Laundry in Hall

Parking

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

Outdoor Features

  • 14 Boat Docks

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Gas Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 80

Community Details

Overview

  • $1,500 Initiation Fee
  • Association fees include insurance, ground maintenance, management fee, private roads, swimming, tennis
  • Stephens Point Subdivision

Recreation

  • Boat Dock
  • Tennis Courts
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,490

Year Built

Built in 2021

Lot Details

0

HOA Fees

$220 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2021
  • Financing Type: Conventional
  • Levels: One
  • Lot Size Acres: .16
  • Property Sub-Type: Single Family Residence
  • Structure Type: Other
  • Total Dock Slips: 14
  • Total Finished Area2: 2880
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Gas Water Heater, Cooktop, Dishwasher, Disposal, Microwave, Oven (Wall), Refrigerator, Stainless Steel Appliance(s)
  • Bedrooms: 3
  • Basement: None
  • Total Finished Sq Ft: 2880
  • Above Grade Finished Sq Ft: 2880
  • Interior Amenities: Double Vanity, Walk-In Closet(s), Master On Main Level, Roommate Plan
  • Feature Name: Lake Lanier
  • Full Bathrooms: 2
  • Flooring: Hardwood, Carpet, Stone
  • Kitchen Features: Breakfast Bar, Breakfast Room, Kitchen Island, Pantry, Walk-in Pantry
  • Price Per Square Foot: 174.131

Beds/Baths

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

Exterior Features

  • Construction Materials: Concrete
  • Lot Features: Level
  • Property Condition: Resale
  • Roof: Composition

Garage/Parking

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

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Natural Gas
  • Laundry Features: In Hall, Other
  • Sewer: Public Sewer
  • Utilities: Underground Utilities, Cable Available, Sewer Connected, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Annual Association Fee: 2640
  • Association: Yes
  • Community Features: Clubhouse, Gated, Pool, Sidewalks, Street Lights, Tennis Court(s), Shared Dock

Fee Information

  • Initiation Fee: 1500
  • Association Fee Includes: Insurance, Maintenance Grounds, Management Fee, Private Roads, Swimming, Tennis

Schools

  • Elementary School: Oakwood
  • High School: West Hall
  • Middle School: West Hall
  • Middle School Bus: No
  • Elementary School: Oakwood
  • Middle School: West Hall
  • High School: West Hall

Lot Info

  • Lot: 80

Multi Family

  • Total Fireplaces: 1

Tax Info

  • Year: 2022
  • Tax Annual Amount: 1490

MLS Schools

  • Elementary Bus Line: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2023
Closed on
Jan 11, 2024
Sold by
Watson Patricia
Bought by
Bassett William Gary and Bassett Jennifer L
Seller's Agent
Anne Watson-Smith
Keller Williams Realty Atl. Partners
Buyer's Agent
Stacey Dodson
Keller Williams Realty North Atlanta
List Price
$510,000
Sold Price
$501,500
Premium/Discount to List
-$8,500
-1.67%
Views
46
Current Estimated Value
$542,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,779
Avg. Annual Appreciation
5.54%
Original Mortgage
$476,425
Outstanding Balance
$470,263
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$72,016

Purchase Details

Closed on
Oct 23, 2023
Sold by
Watson Family Revocable Living Trust
Bought by
Watson Patricia and Watson William T

Purchase Details

Closed on
Apr 17, 2023
Sold by
Watson William T
Bought by
Watson Family Rev Liv Tr

Purchase Details

Closed on
Dec 22, 2021
Sold by
Lennar Georgia Inc
Bought by
Watson William T and Watson Patricia
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 Buyer Sale Price Title Company
Bassett William Gary $501,500 --
Watson Patricia -- --
Watson Family Rev Liv Tr -- --
Watson William T $429,290 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bassett William Gary $476,425
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2024 01/11/24 Sold $501,500 -1.7% $174 / Sq Ft
12/20/2023 12/20/23 Pending -- -- --
12/09/2023 12/09/23 For Sale $510,000 0.0% $177 / Sq Ft
11/17/2023 11/17/23 Pending -- -- --
10/27/2023 10/27/23 For Sale $510,000 -- $177 / 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 $1,746 $199,240 $30,000 $169,240
2023 $1,777 $186,760 $28,000 $158,760
2022 $1,490 $153,920 $28,000 $125,920
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: 20154963

Georgia MLS

APN: 08-00065-00-280