NOT LISTED FOR SALE

5150 Riverlake Dr Duluth, GA 30097

Estimated Value: $1,029,000 - $1,169,000

5 Beds
5.5 Baths
6,384 Sq Ft
$175/Sq Ft Est. Value

Last Sold March 31, 2021

Last sale price $660,000 $103 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $7,237/month

5 Days on Market

Highlights

  • Lake Front
  • Single Slip
  • Lake On Lot
  • Simpson Elementary School Rated A
  • Fishing
  • 0.94 Acre Lot

About This Home

As of March 2021

House in Charleston style and has an elevator. Well maintained, beautiful, lakefront house in sought after Wellington Lake subdivision. House has 5 bedrooms, 5.5 bathrooms. It has more than 6000 sq feet and is great for living and entertaining. Granite countertops are in kitchen and master bath. Family room with fireplace leads to outdoor deck. Master is on main with fireplace. Hardwood floors on main floor and upstairs. House has his and her libraries. Finished full basement is above ground. 3 car garages. House is very private. It sits on 0.94 acre and dock have access the lake to fish. House has a renewable 10 year Termite Bond.

Last Listed By

Gary Yip

Right Path Realty License #177213 Listed on: 03/01/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,182

Year Built

  • Built in 1995

Lot Details

  • 0.94 Acre Lot
  • Lake Front
  • Property fronts a private road
  • Cul-De-Sac
  • Level Lot
  • Wooded Lot
  • Garden
  • Back and Front Yard

HOA Fees

  • $79 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Colonial Architecture
  • Split Level Home
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation
  • Synthetic Stucco Exterior

Interior Spaces

  • 6,384 Sq Ft Home
  • Bookcases
  • Factory Built Fireplace
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room
  • Dining Room Seats More Than Twelve
  • Breakfast Room
  • Formal Dining Room
  • Library
  • Wood Flooring
  • Lake Views
  • Security System Owned

Kitchen

  • Double Oven
  • Electric Cooktop
  • Range Hood
  • Dishwasher
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • Oversized primary bedroom
  • 5 Bedrooms | 1 Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Finished Basement

  • Basement Fills Entire Space Under The House
  • Garage Access
  • Exterior Basement Entry
  • Finished Basement Bathroom
  • Natural lighting in basement

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Courtesy Dock
  • Single Slip
  • Lake On Lot
  • Deck
  • Wrap Around Porch

Location

  • Property is near schools
  • Property is near shops

Schools

  • Simpson Elementary School
  • Pinckneyville Middle School
  • Norcross High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number R6330 375

Community Details

Overview

  • $2,000 Initiation Fee
  • American Properties Group Association, Phone Number (678) 427-5437
  • Wellington Lake Subdivision
  • Community Lake

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Swim Team
  • Community Pool
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,182

Year Built

Built in 1995

Lot Details

0

HOA Fees

$79 per month

Parking

3

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Colonial
  • Property Condition: Resale
  • Year Built: 1995
  • Accessibility Features: Accessible Elevator Installed
  • Levels Stories: Multi/Split
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Hardwood
  • Fireplace Features: Factory Built, Family Room, Master Bedroom
  • Number Of Fireplaces: 2
  • Appliances: Dishwasher, Disposal, Double Oven, Electric Cooktop, Range Hood, Refrigerator
  • Interior Amenities: Bookcases, Elevator, Walk-In Closet(s)
  • Basement: Daylight, Driveway Access, Exterior Entry, Finished, Finished Bath, Full
  • Kitchen Features: Breakfast Room, Cabinets Other, Stone Counters
  • Common Walls: No Common Walls
  • Additional Rooms: Family Room, Library, Living Room
  • Dining Room Features: Seats 12+, Separate Dining Room
  • Square Footage: 6384.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 5
  • Bedroom Features: Master on Main, Oversized Master
  • Lower Bedrooms: 2
  • Main Bedrooms: 1
  • Total Bathrooms: 6
  • Total Full Baths: 5
  • Total Half Baths: 1
  • Lower Full Bathrooms: 2
  • Main Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Separate Tub/Shower

Exterior Features

  • Construction Materials: Synthetic Stucco
  • Roof Type: Composition, Shingle
  • Patio And Porch Features: Covered, Deck, Front Porch, Wrap Around
  • Exterior Features: Garden
  • View: Lake
  • Foundation: Concrete Perimeter

Garage/Parking

  • Carport or Garage: 3
  • Number of Garage Spaces: 3
  • Parking Features: Garage, Garage Door Opener, Garage Faces Front

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Security System Owned
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Laundry Features: Laundry Room, Main Level
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Electric: Other

Condo/Co-op/Association

  • HOA Fee Includes: Reserve Fund, Swim/Tennis
  • Community Features: Clubhouse, Fishing, Homeowners Assoc, Lake, Near Schools, Near Shopping, Playground, Pool, Sidewalks, Street Lights, Swim Team, Tennis Court(s)
  • Association Fee: 950
  • Association Fee Frequency: Annually
  • Association: Yes
  • Hoa Contact Phone: 678-427-5437
  • Management Company Email: wellingtonlakehoa@gmail.comq
  • Subdivision Complex: Wellington Lake

Association/Amenities

  • Management Company: American Properties Group

Schools

  • Elementary School: Simpson
  • Middle School: Pinckneyville
  • High School: Norcross

Lot Info

  • Acres: 0.9400
  • Lot: x
  • Land/Lot: x
  • Section G M D: x
  • Deed Book: 49722
  • Deed Page: 146
  • Plat Book: x
  • Plat Page: x
  • Lot Features: Back Yard, Cul-De-Sac, Front Yard, Lake On Lot, Level, Wooded
  • Lot Dimensions: x 53
  • Parcel Number: R6330 375
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Rental Info

  • Initiation Fee: 2000

Tax Info

  • Taxes: 8182.00
  • Assessor Parcel Number: R6330-375
  • Close Date: 2021-03-31
  • Tax Year: 2019

Multi Family

  • Waterfront Features: Lake

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Simpson
  • High School: Norcross
  • Middle School: Pinckneyville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2021
Closed on
Mar 31, 2021
Sold by
Fan Jiong
Bought by
Pearson Jason and Pearson Nicole Haynes
Seller's Agent
Gary Yip
Right Path Realty
Buyer's Agent
Jennifer Holley
Chapman Hall Realtors
List Price
$669,000
Sold Price
$660,000
Premium/Discount to List
-$9,000
-1.35%
Total Days on Market
5
Current Estimated Value
$1,116,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$456,107
Avg. Annual Appreciation
14.15%
Original Mortgage
$528,000
Outstanding Balance
$483,888
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$655,970

Purchase Details

Closed on
Sep 10, 2009
Sold by
Lai Zhaowei
Bought by
Lai Zhaowei and Fan Jiong

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 30, 2003
Sold by
Fremont Investment /Loan
Bought by
Lai Zhaowei

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,000
Interest Rate
5.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 6, 2001
Sold by
Lovett Andrew M
Bought by
Carolina Bldrs Corp

Purchase Details

Closed on
Feb 15, 2000
Sold by
First Nat'L Bk/Chicago
Bought by
Lovett Andrew M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$446,250
Interest Rate
8.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 1996
Sold by
Dan Cowart Inc
Bought by
Sanders Kerry T

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
Pearson Jason $660,000 --
Lai Zhaowei -- --
Lai Zhaowei $520,000 --
Carolina Bldrs Corp -- --
Lovett Andrew M $525,000 --
Sanders Kerry T $627,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pearson Jason $528,000
Closed Pearson Jason $528,000
Previous Owner Lai Zhaowei $405,000
Previous Owner Lai Zhaowei $417,000
Previous Owner Lai Zhaowei $417,000
Previous Owner Lai Zhadwei $333,600
Previous Owner Lai Zhaowei $416,000
Previous Owner Lovett Andrew M $450,000
Previous Owner Lovett Andrew M $250,000
Previous Owner Lovett Andrew M $446,250
Closed Sanders Kerry T $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2021 03/31/21 Sold $660,000 -1.3% $103 / Sq Ft
03/06/2021 03/06/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $669,000 -- $105 / 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
2023 $11,639 $382,520 $69,200 $313,320
2022 $9,454 $264,000 $63,200 $200,800
2021 $8,374 $269,400 $44,000 $225,400
2020 $6,236 $269,400 $44,000 $225,400
2019 $7,313 $268,120 $44,000 $224,120
2018 $7,404 $230,760 $40,000 $190,760
2016 $6,330 $184,000 $40,000 $144,000
2015 $6,403 $184,000 $40,000 $144,000
2014 $5,533 $156,400 $34,000 $122,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6847133

First Multiple Listing Service (FMLS)

APN: 6-330-375