NOT LISTED FOR SALE

5441 Carolean St Gainesville, GA 30506

Estimated Value: $765,000 - $830,000

2 Beds
3 Baths
1,896 Sq Ft
$423/Sq Ft Est. Value

Last Sold May 12, 2022

Last sale price $479,900 $253 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $4,799/month

14 Days on Market

Highlights

  • 145 Feet of Waterfront
  • Covered Dock
  • Access To Lake
  • Mount Vernon Elementary School Rated 9+
  • Barn
  • RV or Boat Parking

About This Home

As of May 2022

Lake Lanier cabin located in the sought after area of Wahoo Creek with Single Slip dock! This adorable cabin is just beckoning you to begin Summer 2022 and years to come enjoying THE Lake Life! The property consists of two lots with over 100ft of water frontage in a quiet tranquil cove away from boat traffic perfect for swimming & fishing. Rustic & cozy interiors are perfect for leisurely living- the fireside two story Great Room with beams and tons of windows and the upstairs loft are perfect for fires, games and fun. The spacious owners en suite has an adjoining bath complete with a restored claw foot tub. The finished lower level offers a full bath and a couple of "bunk rooms" for your guest. Main level deck is the perfect spot to rock away the day and enjoy the sunset or head out to the larger lower level deck perfect for grilling and entertaining. The path to dock is gentle and winds to the single slip dock that the owners say has NEVER been dry since they have owned the property and a portion of the property is fenced as well. This little honey hole should go quick- make time to see it soon!

Last Agent to Sell the Property

Gina Kendrick

BHHS Georgia Properties License #203231 Listed on: 03/30/2022

BHHS Georgia Properties

Last Buyer's Agent

Elizabeth Gelber

RE/MAX Center License #344615

RE/MAX Center

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,195

Year Built

  • Built in 1993

Lot Details

  • 1.14 Acre Lot
  • 145 Feet of Waterfront
  • Lake Front
  • Back Yard Fenced
  • Garden

Home Design

  • Country Style Home
  • Cabin
  • Metal Roof
  • Log Siding

Interior Spaces

  • 1,896 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Factory Built Fireplace
  • Family Room with Fireplace
  • Combination Dining and Living Room
  • Loft
  • Bonus Room
  • Game Room
  • Tile Flooring
  • Lake Views
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • Double Vanity
  • Soaking Tub
  • Bathtub Includes Tile Surround
  • Separate Shower

Finished Basement

  • Interior and Exterior Basement Entry
  • Finished Basement Bathroom
  • Natural lighting in basement

Parking

  • 2 Car Garage
  • Parking Storage or Cabinetry
  • Parking Accessed On Kitchen Level
  • RV or Boat Parking

Outdoor Features

  • Access To Lake
  • Covered Dock
  • Deck
  • Separate Outdoor Workshop
  • Porch

Schools

  • Mount Vernon Elementary School
  • North Hall Middle School
  • North Hall High School

Farming

  • Barn

Utilities

  • Central Air
  • Heat Pump System
  • 220 Volts
  • Well
  • Septic Tank

Listing and Financial Details

  • Tax Lot 20-21

Community Details

Overview

  • No Home Owners Association
  • Shady Lanes Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,195

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1993
  • ArchitecturalStyle: Country/Rustic
  • Electric: 220 Volts
  • Financing Type: Conventional
  • Levels: Two
  • Lot Size Acres: 1.14
  • Other Sturctures: Covered Dock, Barn(s), Workshop
  • Property Sub-Type: Single Family Residence
  • Structure Type: Cabin
  • Total Finished Area2: 1896
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Microwave, Oven/Range (Combo), Refrigerator, Stainless Steel Appliance(s)
  • Bedrooms: 2
  • Dining Room Features: Dining Rm/Living Rm Combo
  • Basement: Bath Finished, Concrete, Daylight, Interior Entry, Exterior Entry, Finished
  • Total Finished Sq Ft: 1896
  • Above Grade Finished Sq Ft: 1896
  • Interior Amenities: Double Vanity, Beamed Ceilings, Soaking Tub, Separate Shower, Tile Bath
  • Feature Name: Lanier
  • Full Bathrooms: 3
  • Fireplace Features: Family Room, Factory Built
  • Flooring: Tile
  • Kitchen Features: Solid Surface Counters

Beds/Baths

  • Lower Level Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 1
  • Bedroom Main Level: 1

Exterior Features

  • Waterfront Frontage: 145
  • Common Walls: No Common Walls
  • Construction Materials: Log
  • ExteriorFeatures: Garden, Dock
  • Fencing: Fenced, Back Yard
  • Lot Features: Other
  • Patio And Porch Features: Deck, Porch
  • Property Condition: Resale
  • Roof: Metal
  • View: Lake
  • Waterfront Features: Lake Access, Lake

Garage/Parking

  • Parking Features: Garage, Kitchen Level, RV/Boat Parking, Storage
  • ParkingTotal: 2

Utilities

  • Cooling: Electric, Central Air
  • Heating: Electric, Heat Pump
  • Laundry Features: Common Area
  • Security Features: Smoke Detector(s)
  • Sewer: Septic Tank
  • Utilities: None, Other
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Mount Vernon
  • High School: North Hall
  • High School Bus: Yes
  • Middle School: North Hall
  • Middle School Bus: Yes

Lot Info

  • Lot: 20-21

Multi Family

  • Total Fireplaces: 1

Tax Info

  • Year: 2021
  • Tax Annual Amount: 1195

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2022
Closed on
May 12, 2022
Sold by
Lary Ernest F
Bought by
Sharifai Kayhan and Sharifai Mary K
Seller's Agent
Gina Kendrick
BHHS Georgia Properties
Buyer's Agent
Elizabeth Gelber
RE/MAX Center
List Price
$679,900
Sold Price
$479,900
Premium/Discount to List
-$200,000
-29.42%
Current Estimated Value
$801,420

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,520
Avg. Annual Appreciation
15.54%
Original Mortgage
$509,925
Outstanding Balance
$483,316
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$318,104
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sharifai Kayhan $679,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sharifai Kayhan $509,925
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2022 05/12/22 Sold $479,900 -29.4% $253 / Sq Ft
04/13/2022 04/13/22 Pending -- -- --
03/30/2022 03/30/22 For Sale $679,900 -- $359 / 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 $6,960 $280,992 $135,960 $145,032
2023 $2,827 $272,032 $135,960 $136,072
2022 $1,187 $129,312 $40,760 $88,552
2021 $1,204 $124,320 $40,760 $83,560
2020 $1,195 $120,640 $40,760 $79,880
2019 $1,173 $115,360 $40,760 $74,600
2018 $1,106 $105,640 $38,120 $67,520
2017 $2,799 $99,800 $38,120 $61,680
2016 $2,732 $99,800 $38,120 $61,680
2015 $2,020 $99,800 $38,120 $61,680
2014 $2,020 $132,688 $59,800 $72,888
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 10033487

Georgia MLS

APN: 10-00133-09-047