$600,000
SOLD AUG 27, 2024

5467 Carolean St Gainesville, GA 30506

3 Beds
3 Baths
1,316 Sq Ft
0.64 Acres

Recently Sold

$456 Per Sq Ft

14% Below List Price

77 Days on Market

Highlights

  • 199 Feet of Waterfront
  • Lake View
  • Wood Flooring
  • Docks
  • Deck
  • 1 Fireplace

About This Home

As of August 2024

Lake Lanier gated estate - Long driveway leads to private and secluded cottage on 1.54 acres with year round views of water and an easy walk to the boathouse. Inside you'll find hardwood floors with a stone fireplace in the great room that's open to the dining room and kitchen. Your favorite spot will be the screened porch or the sun deck, both with beautiful views of the almost flat back yard leading to the water. The additional lakefront lot has 29 feet of lake frontage and 73 feet of frontage at the cul-de-sac. The detached garage makes great space for extra vehicles or for the hobbyist looking for a workshop. Make this your weekend getaway or it would also be a great full time residence. No seller disclosure as seller never lived there - Estate property.

Last Agent to Sell the Property

Kim Waters

The Norton Agency License #147810

The Norton Agency

Last Buyer's Agent

Ashley Lazarian

Real Broker License #291747

Real Broker

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,209

Year Built

  • Built in 1972

Lot Details

  • 0.64 Acre Lot
  • 199 Feet of Waterfront
  • Lake Front

Home Design

  • Block Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,316 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Double Pane Windows
  • Combination Dining and Living Room
  • Screened Porch
  • Lake Views
  • Crawl Space

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 3 Full Bathrooms

Parking

  • Garage
  • Carport

Accessible Home Design

  • Accessible Entrance

Outdoor Features

  • Docks
  • Deck

Schools

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

Utilities

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

Community Details

  • No Home Owners Association
  • Shady Lanes Subdivision

Listing and Financial Details

  • Tax Lot 25 26

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,209

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential
  • District: 10
  • Section: 00
  • Year Built: 1972
  • Electric: 220 Volts
  • Financing Type: Conventional
  • Levels: One
  • Lot Size Acres: .64
  • Other Sturctures: Garage(s)
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 1316
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Microwave
  • Bedrooms: 3
  • Dining Room Features: Dining Rm/Living Rm Combo
  • Basement: Crawl Space
  • Total Finished Sq Ft: 1316
  • Above Grade Finished Sq Ft: 1316
  • Interior Amenities: Master On Main Level, Other
  • Feature Name: Lanier
  • Accessibility Features: Accessible Entrance
  • Full Bathrooms: 3
  • Flooring: Carpet, Hardwood
  • Window Features: Double Pane Windows
  • Price Per Square Foot: 455.927

Beds/Baths

  • Main Level Full Bathrooms: 3
  • Bedroom Main Level: 3

Exterior Features

  • Waterfront Frontage: 199
  • Common Walls: No Common Walls
  • Construction Materials: Vinyl Siding
  • ExteriorFeatures: Dock
  • Foundation Details: Block
  • Lot Features: Other
  • Patio And Porch Features: Deck, Porch, Screened
  • Property Condition: Resale
  • Roof: Composition
  • View: Lake

Garage/Parking

  • Parking Features: Carport, Garage

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Laundry Features: Other
  • Sewer: Septic Tank
  • Utilities: Electricity Available
  • 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
  • Elementary School: Mount Vernon
  • Middle School: North Hall
  • High School: North Hall

Lot Info

  • Land Lot: 133
  • Lot: 25 26
  • Deed Book: 9378
  • Deed Page: 351
  • Plat Book: 22
  • Plat Page: 138

Multi Family

  • Total Fireplaces: 1

Tax Info

  • Year: 2023
  • Tax Annual Amount: 2209

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2024
Closed on
Aug 27, 2024
Sold by
Irvin Darrell Scott
Bought by
Duke Abram and Duke Angela
Seller's Agent
Kim Waters
The Norton Agency
Buyer's Agent
Ashley Lazarian
Real Broker
List Price
$700,000
Sold Price
$600,000
Premium/Discount to List
-$100,000
-14.29%
Total Days on Market
77
Views
66
Current Estimated Value
$638,860

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,860
Avg. Annual Appreciation
9.11%
Original Mortgage
$480,000
Outstanding Balance
$477,046
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$161,814

Purchase Details

Closed on
Aug 28, 2000
Sold by
Irvin Peggy A
Bought by
Peggy A Irvin Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.97%
Mortgage Type
Credit Line Revolving

Map

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $600,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $480,000 New Conventional
Previous Owner $50,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2024 08/27/24 Sold $600,000 -7.7% $456 / Sq Ft
07/25/2024 07/25/24 Pending -- -- --
07/16/2024 07/16/24 Price Changed $650,000 -7.1% $494 / Sq Ft
05/09/2024 05/09/24 For Sale $700,000 -- $532 / Sq Ft
Source: Georgia MLS

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 $6,806 $272,840 $193,520 $79,320
2023 $2,514 $281,400 $193,520 $87,880
2022 $1,270 $138,840 $77,400 $61,440
2021 $1,291 $133,800 $77,400 $56,400
2020 $1,295 $131,160 $77,400 $53,760
2019 $1,290 $127,440 $77,400 $50,040
2018 $1,203 $115,360 $72,320 $43,040
2017 $1,098 $111,400 $72,320 $39,080
2016 $3,101 $111,400 $72,320 $39,080
2015 $958 $111,400 $72,320 $39,080
2014 $958 $107,258 $72,320 $34,938
Source: Public Records

Source: Georgia MLS

MLS Number: 10295901

Georgia MLS

APN: 10-00133-09-042