NOT LISTED FOR SALE

5340 Bay Cir Cumming, GA 30041

Lake Lanier Neighborhood

Estimated Value: $956,000 - $1,174,000

3 Beds
2.5 Baths
1,921 Sq Ft
$545/Sq Ft Est. Value

Last Sold August 01, 2014

Last sale price $506,000 $263 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $6,273/month

Highlights

  • 159 Feet of Waterfront
  • Covered dock with one slips
  • Lake View
  • Chattahoochee Elementary School Rated A
  • Fishing
  • Community Lake

About This Home

As of August 2014

Beautiful 3BR/2.5BA + large Bonus Rm on Lake Lanier. Carefully placed home on nearly an acre of hardwoods promises an enclave of lake living privacy. Built & maintained w/love; 1st time on Market! Front porch welcomes you home where friends & neighbors can gather in a wonderful social setting. Kit. w/granite SS Appl. & cooking island. Updated Mstr on main includes California style closets. Mstr BA features custom built granite vanities & copper sinks. Sunroom w/handmade cherry cabinets offers panoramic views. Single Slip Dock w/Party Deck & Electric.

Last Agent to Sell the Property

Tom Becker

Becker Realty, Inc. License #265435 Listed on: 04/28/2014

Last Buyer's Agent

Tracy Morton

HOME Real Estate, LLC License #349829

HOME Real Estate, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,397

Year Built

  • Built in 1985

Lot Details

  • 159 Feet of Waterfront
  • Lake Front
  • Landscaped
  • Private Lot
  • Irrigation Equipment

HOA Fees

  • $104 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway Level

Home Design

  • Traditional Architecture
  • Frame Construction
  • Ridge Vents on the Roof
  • Composition Roof
  • Cedar

Interior Spaces

  • 2-Story Property
  • Bookcases
  • Ceiling Fan
  • Factory Built Fireplace
  • Insulated Windows
  • Family Room with Fireplace
  • Great Room
  • Bonus Room
  • Workshop
  • Sun or Florida Room
  • Wood Flooring
  • Lake Views

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Electric Range
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • White Kitchen Cabinets

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main
  • Dual Closets
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only

Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Laundry in Basement
  • Stubbed For A Bathroom
  • Natural lighting in basement

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient Thermostat

Outdoor Features

  • Party Deck
  • Covered dock with one slips
  • Deck
  • Front Porch

Schools

  • Chattahoochee - Forsyth Elementary School
  • Otwell Middle School
  • Forsyth Central High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Air Source Heat Pump
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 29
  • Assessor Parcel Number 5340BAYCIR

Community Details

Overview

  • Bay Colony Subdivision
  • Community Lake

Recreation

  • Swim or tennis dues are required
  • Community Pool
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,397

Year Built

Built in 1985

Lot Details

0

HOA Fees

$104 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: Resale
  • Year Built: 1985
  • Levels Stories: Two
  • Special Features: None
  • Stories: 2

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Hardwood
  • Fireplace Features: Factory Built, Family Room
  • Number Of Fireplaces: 1
  • Other Equipment: Irrigation Equipment
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Self Cleaning Oven
  • Interior Amenities: Bookcases, Double Vanity, High Speed Internet, His and Hers Closets, Walk-In Closet(s)
  • Basement: Bath/Stubbed, Daylight, Exterior Entry, Full, Interior Entry
  • Kitchen Features: Cabinets White, Eat-in Kitchen, Kitchen Island, Stone Counters
  • Common Walls: No Common Walls
  • Additional Rooms: Bonus Room, Great Room - 1 Story, Sun Room, Workshop
  • Window Features: Insulated Windows

Beds/Baths

  • Total Bedrooms: 3
  • Bedroom Features: Master on Main
  • Main Bedrooms: 1
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Main Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Shower Only

Exterior Features

  • Waterfront Frontage: 159
  • Construction Materials: Cedar, Frame
  • Roof Type: Composition, Ridge Vents
  • Lake Name: Lanier
  • Patio And Porch Features: Deck, Front Porch
  • View: Lake

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Central Air, Heat Pump, Zoned
  • Heating: Forced Air, Natural Gas, Zoned
  • Laundry Features: In Basement
  • Utilities: Cable Available, Underground Utilities

Condo/Co-op/Association

  • HOA Fee Includes: Swim/Tennis
  • Community Features: Fishing, Homeowners Assoc, Lake, Pool
  • Association Fee: 1248
  • Association Fee Frequency: Annually
  • Master Association Fee Frequency: Annually
  • Swim Tennis Fee Due: Required
  • Association: Yes
  • Subdivision Complex: BAY COLONY

Schools

  • Elementary School: Chattahoochee - Forsyth
  • Middle School: Otwell
  • High School: Forsyth Central

Lot Info

  • Lot: 29
  • Land/Lot: 287
  • Section G M D: 1
  • Deed Book: 723
  • Deed Page: 470
  • Lot Features: Landscaped, Private
  • Parcel Number: 5340BAYCIR
  • Property Attached Yn: No

Green Features

  • Efficiency: Thermostat, Windows

Tax Info

  • Taxes: 1397.00
  • Assessor Parcel Number: 244-000-166
  • Close Date: 2014-08-01
  • Tax Year: 2012

Multi Family

  • Waterfront Features: Lake, Lake Front

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Chattahoochee - Forsyth
  • High School: Forsyth Central
  • Middle School: Otwell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2014
Closed on
Aug 1, 2014
Sold by
Mccarthy John J
Bought by
Reeves William and Reeves Christa
Seller's Agent
Tom Becker
Becker Realty, Inc.
Buyer's Agent
Tracy Morton
HOME Real Estate, LLC
List Price
$550,000
Sold Price
$506,000
Premium/Discount to List
-$44,000
-8%
Current Estimated Value
$1,046,237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$540,237
Avg. Annual Appreciation
6.70%
Original Mortgage
$404,800
Outstanding Balance
$309,235
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$737,002
Source: Public Records

Range of Values:

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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
Reeves William $506,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reeves William $404,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2014 08/01/14 Sold $506,000 -8.0% $263 / Sq Ft
05/30/2014 05/30/14 Pending -- -- --
04/28/2014 04/28/14 For Sale $550,000 -- $286 / 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 $7,461 $376,916 $220,000 $156,916
2024 $7,461 $372,524 $220,000 $152,524
2023 $6,364 $313,504 $176,000 $137,504
2022 $6,228 $217,028 $127,600 $89,428
2021 $5,709 $217,028 $127,600 $89,428
2020 $5,618 $212,620 $127,600 $85,020
2019 $5,614 $212,044 $127,600 $84,444
2018 $5,626 $212,072 $127,600 $84,472
2017 $5,303 $195,812 $127,600 $68,212
2016 $5,303 $195,812 $127,600 $68,212
2015 $5,173 $189,212 $121,000 $68,212
2014 $1,467 $59,988 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tom Becker

    Seller's Agent in 2014

    Tom Becker

    Becker Realty, Inc.

    (678) 596-5053

    11 in this area

    43 Total Sales

    Tom Becker
    Section Image
  • Tracy Morton

    Buyer's Agent in 2014

    Tracy Morton

    HOME Real Estate, LLC

    (404) 784-6970

    75 Total Sales

    Tracy Morton
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5283179

First Multiple Listing Service (FMLS)

APN: 244-166

Georgia Forsyth County Cumming 30041 Lake Lanier

5340 Bay Cir, Cumming, GA

This home is located at 5340 Bay Cir, Cumming, GA 30041 since 28 April 2014 and is currently estimated at $1,046,237, approximately $544 per square foot. This property was built in 1985. 5340 Bay Cir is a home located in Forsyth County with nearby schools including Chattahoochee Elementary School and Little Mill Middle School.

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