NOT LISTED FOR SALE

5420 Bay Cir Cumming, GA 30041

Lake Lanier Neighborhood

Estimated Value: $1,227,000 - $1,609,000

5 Beds
4 Baths
3,479 Sq Ft
$410/Sq Ft Est. Value

Last Sold August 07, 2015

Last sale price $694,000 $199 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $8,565/month

Highlights

  • 3,300 Feet of Waterfront
  • Covered dock with one slips
  • Lake View
  • Chattahoochee Elementary School Rated A
  • Deep Water Access
  • Carriage House

About This Home

As of August 2015

Gorgeous Lake Views on Your Own Private Peninsula with 3300ft of Shore Line. 5 Bedroom/4 Bath Home on Lake Lanier, 3Car Garage, Carriage House(Bath & FP). Deep Water Access, Covered Party Dock & 8000lb. Boat Lift. All New Interior Paint, Just Polished Hardwood Floors Throughout, Sunroom, Skylights, 2-Story Great Room, Stacked Stone FP, Breakfast Area, Chef's Kitchen, All Appliances Remain, Pantry, Separate Dining and Bonus Vaulted Den. Master Suite with Private Balcony, Double Vanities, and Walk-In Closet. Nestled in Private Swim/Tennis Community.

Last Agent to Sell the Property

Craig Hatcher

Georgia Residential Realty License #272834 Listed on: 06/11/2015

Last Buyer's Agent

Liz Barwig

HomeSmart License #360665

HomeSmart

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,006

Year Built

  • Built in 1982

Lot Details

  • 3,300 Feet of Waterfront
  • Lake Front
  • Cul-De-Sac
  • Wooded Lot

HOA Fees

  • Property has a Home Owners Association

Parking

  • 3 Car Detached Garage
  • Garage Door Opener

Home Design

  • Carriage House
  • Traditional Architecture
  • Composition Roof

Interior Spaces

  • 3,479 Sq Ft Home
  • 3-Story Property
  • Bookcases
  • Ceiling height of 9 feet on the upper level
  • Ceiling Fan
  • Fireplace Features Masonry
  • Insulated Windows
  • Entrance Foyer
  • Family Room with Fireplace
  • Great Room
  • Formal Dining Room
  • Den
  • Bonus Room
  • Sun or Florida Room
  • Lake Views
  • Crawl Space
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Dishwasher
  • Tile Countertops
  • White Kitchen Cabinets

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub and Shower Combination in Primary Bathroom
  • Window or Skylight in Bathroom

Eco-Friendly Details

  • Energy-Efficient Windows

Outdoor Features

  • Deep Water Access
  • Party Deck
  • Covered dock with one slips
  • Deck
  • Patio

Schools

  • Chattahoochee - Forsyth Elementary School
  • Little Mill Middle School
  • Forsyth Central High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 244 028

Community Details

Overview

  • Southern Property Mgt Co. Association, Phone Number (770) 535-1020
  • Secondary HOA Phone (770) 535-1020
  • Bay Colony Subdivision
  • Community Lake

Recreation

  • Tennis Courts
  • Community Pool
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,006

Year Built

Built in 1982

Lot Details

0

HOA Fees

$52 per month

Parking

3

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: 1982
  • Levels Stories: Three Or More
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Carpet, Hardwood
  • Fireplace Features: Family Room, Masonry
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
  • Interior Amenities: Bookcases, Entrance Foyer, High Ceilings 9 ft Upper, Walk-In Closet(s)
  • Basement: Crawl Space
  • Kitchen Features: Cabinets White, Eat-in Kitchen, Pantry, Tile Counters
  • Common Walls: No Common Walls
  • Additional Rooms: Bonus Room, Den, Great Room - 1 Story, Sun Room, Other
  • Dining Room Features: Separate Dining Room
  • Square Footage: 3479.00
  • Window Features: Insulated Windows, Skylight(s)

Beds/Baths

  • Total Bedrooms: 5
  • Total Full Baths: 4
  • Main Full Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Skylights, Tub/Shower Combo

Exterior Features

  • Other Structures: Carriage House
  • Waterfront Frontage: 3300
  • Roof Type: Composition
  • Lake Name: Lanier
  • Patio And Porch Features: Deck, Patio
  • View: Lake

Garage/Parking

  • Carport or Garage: 3
  • Number of Garage Spaces: 3
  • Parking Features: Detached, Garage, Garage Door Opener

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Electric, Heat Pump
  • Laundry Features: Laundry Room

Condo/Co-op/Association

  • Community Features: Homeowners Assoc, Lake, Park, Pool, Tennis Court(s)
  • Association Fee Frequency: Annually
  • Master Association Fee: 624
  • Master Association Fee Frequency: Annually
  • Hoa Contact Phone: 770-535-1020
  • Management Company Email: spm@southernpropertymgt.com
  • Management Phone: 770-535-1020
  • Subdivision Complex: Bay Colony

Association/Amenities

  • Management Company: Southern Property Mgt Co.

Schools

  • Elementary School: Chattahoochee - Forsyth
  • Middle School: Little Mill
  • High School: Forsyth Central

Lot Info

  • Lot: 25
  • Land/Lot: 2426
  • Lot Features: Cul-De-Sac, Wooded
  • Lot Dimensions: 0.49 AC
  • Parcel Number: 244 028
  • Property Attached Yn: No

Green Features

  • Efficiency: Windows

Tax Info

  • Taxes: 6006.00
  • Assessor Parcel Number: 244-000-028
  • Close Date: 2015-08-07
  • Tax Year: 2014

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: Little Mill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2015
Closed on
Aug 7, 2015
Sold by
Mahoney D Scott
Bought by
Grauss Brett L and Grauss Teresa L
Seller's Agent
Craig Hatcher
Georgia Residential Realty
Buyer's Agent
Liz Barwig
HomeSmart
List Price
$709,995
Sold Price
$694,000
Premium/Discount to List
-$15,995
-2.25%
Current Estimated Value
$1,427,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$733,494
Avg. Annual Appreciation
7.33%
Original Mortgage
$417,000
Outstanding Balance
$328,636
Interest Rate
4.09%
Mortgage Type
New Conventional
Estimated Equity
$1,098,858

Purchase Details

Closed on
Jul 15, 1997
Sold by
Spohn Douglas B
Bought by
Mahoney Scott D and Mahoney Cheryl L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,000
Interest Rate
7.59%
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
Grauss Brett L $694,000 --
Mahoney Scott D $470,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grauss Brett L $417,000
Closed Grauss Brett L $136,000
Previous Owner Mahoney Scott D $146,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2015 08/07/15 Sold $694,000 -2.3% $199 / Sq Ft
06/18/2015 06/18/15 Pending -- -- --
06/15/2015 06/15/15 For Sale $709,995 -- $204 / 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 $11,325 $467,772 $300,000 $167,772
2024 $11,325 $461,816 $300,000 $161,816
2023 $9,919 $402,964 $240,000 $162,964
2022 $8,743 $280,324 $174,000 $106,324
2021 $7,741 $280,324 $174,000 $106,324
2020 $7,638 $276,588 $174,000 $102,588
2019 $7,640 $276,268 $174,000 $102,268
2018 $7,583 $274,216 $174,000 $100,216
2017 $7,017 $252,824 $174,000 $78,824
2016 $7,017 $252,824 $174,000 $78,824
2015 $6,473 $232,824 $154,000 $78,824
2014 $6,006 $226,876 $154,000 $72,876
Source: Public Records

Agents Affiliated with this Home

  • Craig Hatcher

    Seller's Agent in 2015

    Craig Hatcher

    Georgia Residential Realty

    (404) 939-3413

    1 in this area

    66 Total Sales

    Craig Hatcher
    Section Image

  • L

    Buyer's Agent in 2015

    Liz Barwig

    HomeSmart

    (770) 265-1356

    2 Total Sales

    Liz Barwig
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5553941

First Multiple Listing Service (FMLS)

APN: 244-028

Georgia Forsyth County Cumming 30041 Lake Lanier

5420 Bay Cir, Cumming, GA

This home is located at 5420 Bay Cir, Cumming, GA 30041 since 11 June 2015 and is currently estimated at $1,427,494, approximately $410 per square foot. This property was built in 1982. 5420 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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