NOT LISTED FOR SALE

5320 Cheatam Ave Cumming, GA 30040

Estimated Value: $972,000 - $1,164,000

5 Beds
4 Baths
4,473 Sq Ft
$240/Sq Ft Est. Value

Last Sold November 21, 2018

Last sale price $537,205 $120 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $6,477/month

Highlights

  • Newly Remodeled
  • Community Lake
  • Family Room with Fireplace
  • Vickery Creek Middle School Rated A
  • Deck
  • Traditional Architecture

About This Home

As of November 2018

Ready October! Monroe Floor Plan! 2 Stories, 5 Bedrooms, 4.5 Bathrooms. Enjoy a generously-sized family room with views of the gourmet island kitchen, breakfast area and keeping room. Guest suite with its very own sitting area on the main. Upstairs are spacious secondary bedrooms and an oversized Master Suite with large bath and walk-in closet. Attractive community features include a Junior Olympic-sized swimming pool, sun deck, cabana, two lighted tennis courts, playground and scenic views, with easy proximity to area schools! Low property taxes and low HOA dues!

Last Agent to Sell the Property

Tamra Wade

RE/MAX Tru License #214598 Listed on: 08/20/2018

RE/MAX Tru

Last Buyer's Agent

Sekhar Thadiparthi

Sekhars Realty, LLC. License #344359

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,962

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 0.38 Acre Lot
  • Landscaped
  • Level Lot

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway Level

Home Design

  • Traditional Architecture
  • Composition Roof
  • Cement Siding
  • Three Sided Brick Exterior Elevation

Interior Spaces

  • 4,473 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet on the main level
  • Ceiling Fan
  • Factory Built Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Second Story Great Room
  • Living Room
  • Formal Dining Room
  • Home Office
  • Computer Room
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Double Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Primary Bedroom on Main
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom
  • Soaking Tub

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Natural lighting in basement

Schools

  • Vickery Creek Elementary And Middle School
  • West Forsyth High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Energy-Efficient Thermostat
  • Deck

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Tax Lot 49

Community Details

Overview

  • $600 Initiation Fee
  • Chatsworth Manor Subdivision
  • Community Lake

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,962

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

HOA Fees

$50 per month

Parking

2

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Property Condition: New Construction
  • Year Built: 2018
  • Levels Stories: Two
  • Special Features: NewHome
  • Stories: 2

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Carpet, Hardwood
  • Fireplace Features: Factory Built, Family Room
  • Number Of Fireplaces: 2
  • Appliances: Dishwasher, Disposal, Double Oven, Gas Range, Gas Water Heater, Microwave
  • Interior Amenities: Double Vanity, Entrance Foyer, High Ceilings 9 ft Main, Walk-In Closet(s)
  • Basement: Daylight, Exterior Entry, Full, Interior Entry, Unfinished
  • Kitchen Features: Eat-in Kitchen, Kitchen Island, Pantry, View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Computer Room, Family Room, Great Room - 2 Story, Living Room, Office
  • Dining Room Features: Separate Dining Room
  • Square Footage: 4473.00

Beds/Baths

  • Total Bedrooms: 5
  • Bedroom Features: Master on Main
  • Main Bedrooms: 1
  • Total Full Baths: 4
  • Main Full Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Separate Tub/Shower, Soaking Tub

Exterior Features

  • Construction Materials: Brick 3 Sides, Cement Siding
  • Roof Type: Composition
  • Patio And Porch Features: Deck

Garage/Parking

  • Carport or Garage: 2
  • Number of Garage Spaces: 2
  • Parking Features: Attached, Driveway, Garage, Level Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Fire Alarm, Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Central Air, Zoned
  • Heating: Forced Air, Natural Gas, Zoned
  • Laundry Features: Laundry Room
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Underground Utilities

Condo/Co-op/Association

  • Community Features: Homeowners Assoc, Lake, Playground, Pool, Sidewalks, Tennis Court(s)
  • Association Fee: 600
  • Association Fee Frequency: Annually
  • Master Association Fee Frequency: Annually
  • Association: Yes
  • Home Warranty: Yes
  • Subdivision Complex: Chatsworth Manor

Schools

  • Elementary School: Vickery Creek
  • Middle School: Vickery Creek
  • High School: West Forsyth

Lot Info

  • Acres: 0.3820
  • Lot: 49
  • Land/Lot: 45,46
  • Section G M D: 1
  • Plat Book: 168
  • Plat Page: 57
  • Lot Features: Landscaped, Level
  • Lot Dimensions: .382
  • Property Attached Yn: No

Green Features

  • Efficiency: Thermostat

Rental Info

  • Initiation Fee: 600

Tax Info

  • Close Date: 2018-11-21
  • Tax Year: 2017

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Vickery Creek
  • High School: West Forsyth
  • Middle School: Vickery Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2020
Sold by
Gote Mohan Suresh
Bought by
Gote Mohan Suresh and Gote Savita Mohan
Current Estimated Value
$1,075,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,000
Outstanding Balance
$259,874
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$815,770

Purchase Details

Listed on
Aug 20, 2018
Closed on
Nov 21, 2018
Sold by
Lennar Georgia Inc
Bought by
Gote Mohan Suresh and Wangi Savita
Seller's Agent
Tamra Wade
RE/MAX Tru
Buyer's Agent
Sekhar Thadiparthi
Sekhars Realty, LLC.
List Price
$586,705
Sold Price
$537,205
Premium/Discount to List
-$49,500
-8.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.68%
Original Mortgage
$429,764
Interest Rate
4.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Gote Mohan Suresh -- --
Gote Mohan Suresh $537,205 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gote Mohan Suresh $371,000
Previous Owner Gote Mohan Suresh $380,000
Previous Owner Gote Mohan Suresh $429,000
Previous Owner Gote Mohan Suresh $429,764
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2018 11/21/18 Sold $537,205 -8.4% $120 / Sq Ft
09/30/2018 09/30/18 Pending -- -- --
08/20/2018 08/20/18 For Sale $586,705 -- $131 / 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
2025 $8,962 $458,660 $72,000 $386,660
2024 $8,962 $423,264 $64,000 $359,264
2023 $8,277 $401,372 $60,000 $341,372
2022 $6,349 $220,628 $40,000 $180,628
2021 $5,962 $220,628 $40,000 $180,628
2020 $5,927 $218,936 $40,000 $178,936
2019 $5,852 $214,880 $40,000 $174,880
2018 $885 $32,000 $32,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Tamra Wade

    Seller's Agent in 2018

    Tamra Wade

    RE/MAX

    (770) 502-6232

    2,877 Total Sales

    Tamra Wade
    Section Image
  • Sekhar Thadiparthi

    Buyer's Agent in 2018

    Sekhar Thadiparthi

    Sekhars Realty, LLC.

    (404) 808-9978

    659 Total Sales

    Sekhar Thadiparthi
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6060599

First Multiple Listing Service (FMLS)

APN: 057-275

Georgia Forsyth County Cumming 30040

5320 Cheatam Ave, Cumming, GA

This home is located at 5320 Cheatam Ave, Cumming, GA 30040 since 20 August 2018 and is currently estimated at $1,075,644, approximately $240 per square foot. This property was built in 2018. 5320 Cheatam Ave is a home located in Forsyth County with nearby schools including Vickery Creek Middle School, West Forsyth High School, and Montessori School of Cumming.

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