NOT LISTED FOR SALE

5310 Ridge Farms Dr Cumming, GA 30041

Lake Lanier Neighborhood

Estimated Value: $103,406

1.1 Acres
$94,005 Price per Acre
47,916 Sq Ft Lot

Last Sold June 02, 2023

Last sale price $60,000

Est. 72% increase in value since last sale

Current estimated payment $629/month

121 Days on Market

Highlights

  • Wooded Lot
  • Cul-De-Sac
  • Level Lot
  • Chestatee Elementary School Rated A-

About This Lot

As of June 2023

Perfectly situated in the prized location at the end of the cul de sac, this property is ready and waiting for you and your builder! The lot is over an acre in size and located in the highly desirable Farms at Mountain Ridge subdivision. Soil test has been completed.

Last Agent to Sell the Property

The Evert Miller Group

Keller Williams Lanier Partners Listed on: 01/11/2023

Keller Williams Lanier Partners

Last Buyer's Agent

Cindy Young

Keller Williams Rlty, First Atlanta License #283920

Keller Williams Rlty, First Atlanta

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $639

Lot Details

  • 1.1 Acre Lot
  • Property fronts a county road
  • Cul-De-Sac
  • Level Lot
  • Wooded Lot
  • Landscaped with Trees
  • Property is zoned R3

HOA Fees

  • $17 Monthly HOA Fees

Schools

  • Chattahoochee - Forsyth Elementary School
  • North Forsyth Middle School
  • East Forsyth High School

Utilities

  • Underground Utilities
  • Phone Available
  • Cable TV Available

Community Details

  • The Farms At Mountain Ridge Subdivision

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 249 071

Property Details

Property Type

Land

Est. Annual Taxes

$639

Lot Details

0

HOA Fees

$17 per month

Listing Details

  • Standard Status: Closed
  • Legal Description: Deed book 7683 page number 254
  • Property Type: Land
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Current Classification: Developed/Zoned Residential
  • Restrictions Requirements: Archit Controls
  • Special Features: None

Property Details

  • Property: Res Developed Lots

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Underground Utilities, Water Available

Condo/Co-op/Association

  • Association Fee: 200
  • Association Fee Frequency: Annually
  • Association: Yes
  • Subdivision Complex: The Farms at Mountain Ridge

Lot Info

  • Acres: 1.1000
  • Lot: 10
  • Timber: Mixed
  • Section G M D: 14
  • Current Zoning: R3
  • Current Use: Vacant
  • Lot Features: Cul-De-Sac, Curbs & Gutters, Level, Street Lights
  • Lot Dimensions: 0 x 0
  • Parcel Number: 249 071
  • Price Acre Dollar: 54545.45
  • Horse Amenities: None
  • Property Attached Yn: No

Tax Info

  • Taxes: 639.00
  • Tax Year: 2022

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Chattahoochee - Forsyth
  • High School: East Forsyth
  • Middle School: North Forsyth

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2025
Sold by
Pike Family Investments Llc
Bought by
Derebe Nebyu
Current Estimated Value
$103,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,500
Outstanding Balance
$47,433
Interest Rate
6.72%
Mortgage Type
Seller Take Back
Estimated Equity
$53,899

Purchase Details

Listed on
Jan 11, 2023
Closed on
Jun 2, 2023
Sold by
Mcmahon Timothy
Bought by
Pike Family Investments Llc
Seller's Agent
The Evert Miller Group
Keller Williams Lanier Partners
Buyer's Agent
Cindy Young
Keller Williams Rlty, First Atlanta
List Price
$70,000
Sold Price
$60,000
Premium/Discount to List
-$10,000
-14.29%
Views
296

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.29%

Purchase Details

Closed on
Mar 2, 2016
Sold by
Powder Springs Partnership Lp
Bought by
Mcmahon Timothy
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
Derebe Nebyu $99,000 None Listed On Document
Pike Family Investments Llc $60,000 None Listed On Document
Mcmahon Timothy $10,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Derebe Nebyu $49,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2023 06/02/23 Sold $60,000 -14.3% --
05/12/2023 05/12/23 Pending -- -- --
03/01/2023 03/01/23 For Sale $70,000 +16.7% --
02/15/2023 02/15/23 Off Market $60,000 -- --
02/15/2023 02/15/23 For Sale $70,000 +16.7% --
01/29/2023 01/29/23 Off Market $60,000 -- --
01/29/2023 01/29/23 Pending -- -- --
01/11/2023 01/11/23 For Sale $70,000 -- --
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
2025 $837 $46,000 $46,000 --
2024 $837 $24,000 $24,000 --
2023 $837 $34,000 $34,000 $0
2022 $639 $14,000 $14,000 $0
2021 $387 $14,000 $14,000 $0
2020 $387 $14,000 $14,000 $0
2019 $387 $14,000 $14,000 $0
2018 $387 $14,000 $14,000 $0
2017 $389 $14,000 $14,000 $0
2016 $389 $14,000 $14,000 $0
2015 $389 $14,000 $14,000 $0
2014 $318 $12,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • The Evert Miller Group

    Seller's Agent in 2023

    The Evert Miller Group

    Keller Williams Lanier Partners

    (470) 228-0880

    3 in this area

    87 Total Sales

    The Evert Miller Group
    Section Image
  • Cindy Young

    Buyer's Agent in 2023

    Cindy Young

    Keller Williams Rlty, First Atlanta

    (678) 231-0557

    2 in this area

    90 Total Sales

    Cindy Young
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 7165643

First Multiple Listing Service (FMLS)

APN: 249-071

Georgia Forsyth County Cumming 30041 Lake Lanier

5310 Ridge Farms Dr, Cumming, GA

This home is located at 5310 Ridge Farms Dr, Cumming, GA 30041 since 11 January 2023 and is currently estimated at $103,406. 5310 Ridge Farms Dr is a home located in Forsyth County with nearby schools including Chestatee Elementary School, North Forsyth Middle School, and War Hill Christian Academy.

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