NOT LISTED FOR SALE

5220 Rustic Ct Unit 99 Cumming, GA 30040

Estimated Value: $808,000 - $832,000

5 Beds
4 Baths
-- Sq Ft
0.26 Acres

Last Sold January 25, 2016

Last sale price $403,400

Est. 102% increase in value since last sale

Current estimated payment $4,912/month

143 Days on Market

Highlights

  • Home Theater
  • Lake On Lot
  • Recreation Room
  • Sawnee Elementary School Rated A
  • Community Lake
  • Community Pool

About This Home

As of January 2016

"Wilmington A" Brand New 2-Story 5Bed+4Bath Slab Home w/ Covered Porch & Bed+Bath on Main. Media/Game Room & Coat Valet! Inviting 2-Story Foyer separating Living&Dining Room & Leads to Spacious Family Room w/ Roosevelt Cast Sandstone Fireplace. Gourmet Kitchen w/ 42" Cabinets, Under Cabinet Lighting, Quartz Countertops & SS Appliances. Huge Master Bed w/ Sitting Room & Trey Ceiling, Huge Master Bath w/ His+Hers Closet & Frameless Glass Shower Door. Great Fam Home w/ Upgrades Throughout: Wrought Iron Railing, Framed Mirror in All Baths & More. MOVE IN READY

Last Agent to Sell the Property

Peter Danos

Atlanta Commercial Associates License #150289 Listed on: 07/30/2015

Last Buyer's Agent

Felecia Mormon

HomeSmart License #354409

HomeSmart

Property Details

Home Type

  • Other

Est. Annual Taxes

  • $7,296

Year Built

  • 2015

Lot Details

  • 0.26

Home Design

  • Slab Foundation
  • Ceiling Insulation
  • Floor Insulation
  • Roof Vent Fans

Interior Spaces

  • Low Flow Plumbing Fixtures
  • Double Pane Windows
  • Family Room
  • Living Room
  • Dining Room
  • Home Theater
  • Recreation Room

Home Security

  • Alarm System
  • Fire and Smoke Detector

Outdoor Features

  • Lake On Lot

Utilities

  • Electric Air Filter
  • Programmable Thermostat
  • Underground Utilities
  • Gas Water Heater

Listing and Financial Details

  • Legal Lot and Block 99 / A

Community Details

Overview

  • Property has a Home Owners Association
  • Community Lake

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Property Details

Home Type

Other

Est. Annual Taxes

$7,296

Year Built

2015

Lot Details

0

Listing Details

  • District: 3
  • Section: 1
  • Property Setting: Lake
  • Special Features: NewHome
  • Year Built: 2015

Interior Features

  • Fireplaces: 1
  • Fireplace(s): 1, In Great/Family Room, Factory Built
  • Main Floor Bedrooms: 1
  • Main Level Full Bathrooms: 1
  • Basement: Slab/None
  • Equipment: Burglar Alarm, Smoke/Fire Alarm, Electric Air Filter
  • Kitchen Equipment: Convection Oven, Separate Cooktop, Dishwasher, Double Oven, Garbage Disposal, Icemaker Line, Built-In Microwave, Wall Oven
  • Feature Name: Other Lake
  • Interior Amenities: Cable In Street, Trey Ceilings, Ceilings 9 Ft Plus, Double Vanity, 2 Story Foyer, Entrance Foyer, Garden Tub, Gas Logs, Hardwood Floors, Pulldown Attic Stairs, Separate Shower, Walk-in Closet, Wall-to-wall Carpet
  • Laundry Location: Upstairs
  • Laundry Type: Room
  • Kitchen / Breakfast: Breakfast Area, Breakfast Bar, Island, Solid Surface Counters, Walk-in Pantry

Exterior Features

  • Roof: Composition
  • Exterior Features: Deck/Patio, Porch, Screen Porch
  • Construction: Brick Front, Stone

Garage/Parking

  • Parking: 2 Car, Attached, Auto Garage Door, Garage

Utilities

  • Cooling Fuel: Electric
  • Cooling: Ceiling Fan, Central, Zoned/Dual
  • Heating Fuel: Gas
  • Heating: Forced Air, Zoned/Dual
  • Energy Features: Double Pane/Thermo, Ceiling Insulation, Floor Insulation, Programmable Thermostat, Roof Vent Fans, Gas Water Heater
  • Water/Sewer: Low Flow Fixtures, Public Water, Sewer Connected

Condo/Co-op/Association

  • HOA Fees: 600
  • HOA Fee Frequency: Annual

Association/Amenities

  • Amenities: Lake, Neighborhood Association, Playground, Pool, Tennis Courts, Underground Utilities

Fee Information

  • Initiation Fee: 600.0

Schools

  • Elementary Bus Line: Yes
  • High School Bus: Yes
  • Middle School Bus: Yes
  • Elementary School: Sawnee / Forsyth / Forsyth County, GA
  • Middle School: Liberty / Forsyth / Forsyth County, GA
  • High School: West Forsyth / Forsyth / Forsyth County, GA

Lot Info

  • Lot Description: Level Lot, Private Backyard
  • Lot Size: Less than 1/3 Acre
  • Land Lot: 1093
  • Lot: 99
  • Unit/Lot Number: 99

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2021
Sold by
Mormon Felecia L
Bought by
Kattamreddy Ashok Kumar
Current Estimated Value
$815,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$498,750
Outstanding Balance
$452,538
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$362,510

Purchase Details

Listed on
Jul 30, 2015
Closed on
Jan 25, 2016
Sold by
Calatantic Grp Inc
Bought by
Mormon Larry Earl and Mormon Felicia L
Seller's Agent
Peter Danos
Atlanta Commercial Associates
Buyer's Agent
Felecia Mormon
HomeSmart
List Price
$427,721
Sold Price
$403,400
Premium/Discount to List
-$24,321
-5.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.54%
Original Mortgage
$383,230
Interest Rate
3.98%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Kattamreddy Ashok Kumar $560,000 --
Mormon Larry Earl $403,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kattamreddy Ashok Kumar $498,750
Closed Kattamreddy Ashok Kumar Reddy $498,750
Previous Owner Mormon Larry Earl $383,230
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2016 01/25/16 Sold $403,400 -6.1% --
12/21/2015 12/21/15 Pending -- -- --
10/01/2015 10/01/15 Price Changed $429,721 +0.5% --
07/30/2015 07/30/15 For Sale $427,721 -- --
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
2025 $7,296 $299,132 $72,000 $227,132
2024 $7,296 $305,724 $64,000 $241,724
2023 $7,147 $290,348 $52,000 $238,348
2022 $5,707 $174,816 $40,000 $134,816
2021 $4,662 $174,816 $40,000 $134,816
2020 $4,618 $172,672 $40,000 $132,672
2019 $4,180 $154,408 $32,000 $122,408
2018 $4,676 $174,848 $32,000 $142,848
2017 $4,391 $161,360 $31,440 $129,920
2016 $4,554 $164,076 $32,000 $132,076
2015 $890 $32,000 $32,000 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2016

    Peter Danos

    Atlanta Commercial Associates

    Section Image

  • F

    Buyer's Agent in 2016

    Felecia Mormon

    HomeSmart

    (678) 612-1591

    5 Total Sales

    Felecia Mormon
    Section Image
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Map

Source: Georgia MLS

MLS Number: 07498052

Georgia MLS

APN: 078-471

Georgia Forsyth County Cumming 30040

5220 Rustic Ct Unit 99, Cumming, GA

This home is located at 5220 Rustic Ct Unit 99, Cumming, GA 30040 since 30 July 2015 and is currently estimated at $815,048. This property was built in 2015. 5220 Rustic Ct Unit 99 is a home located in Forsyth County with nearby schools including Sawnee Elementary School, West Forsyth High School, and Montessori School of Cumming.

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