NOT LISTED FOR SALE

5240 Driver Ln Cumming, GA 30041

Lake Lanier Neighborhood

Estimated Value: $145,000 - $268,000

3 Beds
2 Baths
1,152 Sq Ft
$162/Sq Ft Est. Value

Last Sold June 26, 2023

Last sale price $140,000 $122 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,137/month

2 Days on Market

Highlights

  • 1.46 Acre Lot
  • No HOA
  • Central Air
  • Chattahoochee Elementary School Rated A
  • 1-Story Property
  • Heat Pump System

About This Home

As of June 2023

Great location! Conveniently located: minutes from Lake Lanier and GA 400. Huge lot with over an acre of land. Investment property sold as-is. Cash buyer. This home has the potential to produce a great rental home!

Last Agent to Sell the Property

Heather Jackson

Coldwell Banker Realty License #412018 Listed on: 05/25/2023

Coldwell Banker Realty

Last Buyer's Agent

Monica Bernal

Keller Williams Realty Atl. Partners License #343979

Keller Williams Realty Atl. Partners

Property Details

Home Type

  • Mobile/Manufactured

Est. Annual Taxes

  • $942

Year Built

  • Built in 2004

Lot Details

  • 1.46 Acre Lot
  • No Common Walls

Parking

  • Off-Street Parking

Home Design

  • Fixer Upper
  • Composition Roof

Interior Spaces

  • 1,152 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Schools

  • Chattahoochee Elementary School
  • Little Mill Middle School
  • East Forsyth High School

Utilities

  • Central Air
  • Heat Pump System
  • Private Water Source
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 649

Property Details

Home Type

Mobile/Manufactured

Est. Annual Taxes

$942

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 2004
  • Financing Type: Cash
  • Levels: One
  • Lot Size Acres: 1.46
  • Property Sub-Type: Mobile Home
  • Structure Type: Manufactured House
  • Total Finished Area2: 1152
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 1

Interior Features

  • Appliances: Other
  • Bedrooms: 3
  • Basement: None
  • Total Finished Sq Ft: 1152
  • Above Grade Finished Sq Ft: 1152
  • Interior Amenities: Other
  • Full Bathrooms: 2
  • Flooring: Other
  • Price Per Square Foot: 121.527

Beds/Baths

  • Main Level Full Bathrooms: 2
  • Bedroom Main Level: 3

Exterior Features

  • Common Walls: No Common Walls
  • Construction Materials: Other
  • Lot Features: Other
  • Property Condition: Fixer
  • Roof: Composition

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Cooling: Central Air, Heat Pump
  • Heating: Electric, Heat Pump
  • Laundry Features: Other
  • Sewer: Septic Tank
  • Utilities: None
  • Water Source: Private

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Chattahoochee
  • High School: East Forsyth
  • High School Bus: Yes
  • Middle School: Little Mill
  • Middle School Bus: Yes
  • Elementary School: Chattahoochee
  • Middle School: Little Mill
  • High School: East Forsyth

Lot Info

  • Lot: 649
  • Deed Book: 3279
  • Deed Page: 754

Tax Info

  • Year: 2022
  • Tax Annual Amount: 942

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2016
Closed on
Aug 11, 2016
Sold by
Judy
Bought by
Smith Joshua and Wilson Smith Zarahbeth Anne
Seller's Agent
Rex Gravitt
Landmark Realty Associates, Inc.
Buyer's Agent
Valerie Smith
NOT A VALID MEMBER
List Price
$115,000
Sold Price
$99,000
Premium/Discount to List
-$16,000
-13.91%
Total Days on Market
2
Current Estimated Value
$186,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,640
Avg. Annual Appreciation
7.45%
Original Mortgage
$97,206
Outstanding Balance
$80,402
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$106,238

Purchase Details

Closed on
Mar 31, 2004
Sold by
Crowe Sandra
Bought by
Hyde Judy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,362
Interest Rate
5.53%
Mortgage Type
VA

Purchase Details

Closed on
Jan 20, 2004
Sold by
Millholland Darlene S
Bought by
Crowe Sandra
Source: Public Records

Range of Values:

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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
Smith Joshua $99,000 --
Hyde Judy $106,000 --
Crowe Sandra $62,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Joshua $97,206
Previous Owner Hyde Judy $104,362
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2023 06/26/23 Sold $140,000 +12.0% $122 / Sq Ft
05/27/2023 05/27/23 Pending -- -- --
05/25/2023 05/25/23 For Sale $125,000 +26.3% $109 / Sq Ft
08/11/2016 08/11/16 Sold $99,000 -13.9% $86 / Sq Ft
06/20/2016 06/20/16 Pending -- -- --
06/02/2016 06/02/16 For Sale $115,000 -- $100 / 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 $1,074 $43,800 $43,800 --
2023 $1,078 $43,800 $43,800 $0
2022 $942 $35,400 $26,280 $9,120
2021 $978 $35,400 $26,280 $9,120
2020 $987 $35,760 $26,280 $9,480
2019 $715 $25,840 $14,600 $11,240
2018 $715 $25,840 $14,600 $11,240
2017 $717 $25,840 $14,600 $11,240
2016 $630 $25,840 $14,600 $11,240
2015 $631 $25,840 $14,600 $11,240
2014 $616 $26,560 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Heather Jackson

    Seller's Agent in 2023

    Heather Jackson

    Coldwell Banker Realty

    (702) 469-9792

    2 in this area

    4 Total Sales

    Heather Jackson
    Section Image
  • Monica Bernal

    Buyer's Agent in 2023

    Monica Bernal

    Keller Williams Realty Atl. Partners

    (678) 790-0516

    1 in this area

    176 Total Sales

    Monica Bernal
    Section Image

  • R

    Seller's Agent in 2016

    Rex Gravitt

    Landmark Realty Associates, Inc.

    (770) 886-9499

    20 in this area

    37 Total Sales

    Rex Gravitt
    Section Image
  • Valerie Smith

    Buyer's Agent in 2016

    Valerie Smith

    NOT A VALID MEMBER

    (770) 356-8746

    3 Total Sales

    Section Image
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Map

Source: Georgia MLS

MLS Number: 10163508

Georgia MLS

APN: 269-076

Georgia Forsyth County Cumming 30041 Lake Lanier

5240 Driver Ln, Cumming, GA

This home is located at 5240 Driver Ln, Cumming, GA 30041 since 25 May 2023 and is currently estimated at $186,640, approximately $162 per square foot. This property was built in 2004. 5240 Driver Ln is a home located in Forsyth County with nearby schools including Chattahoochee Elementary School, Little Mill Middle School, and Cornerstone Schools.

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