NOT LISTED FOR SALE

5500 Truman Mountain Rd Gainesville, GA 30506

Lake Lanier Neighborhood

Estimated Value: $755,000 - $957,472

4 Beds
4 Baths
3,464 Sq Ft
$257/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $869,000 $251 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,342/month

43 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Floating Dock
  • Lake View
  • Chestatee Elementary School Rated A-
  • Access To Lake
  • 1.25 Acre Lot

About This Home

As of June 2024

This exquisite property offers breathtaking long-range views of the beautiful waters of Lake Lanier, set against the majestic backdrop of Walker Mountain on 1.25 Acres with a Single Slip Party Dock on deep water. It is love at first sight with the updated exterior (April 2024) New Paint, New Porch, New Retaining Wall, Decks Stained and a New HVAC. Step inside to discover the epitome of elegance with10-foot ceilings, crown molding, and loads of windows and glass doors that flood the interior with natural light while framing picturesque lake and mountain views. The open flowing floor plan is perfect for entertaining. The kitchen, with 42-inch cabinets and granite countertops offers a breakfast bar and is open to the dining area and living room with floor to ceiling stacked stone fireplace. The primary suite awaits on the main floor with a view that will draw you right out of bed and out your private set of glass doors onto the deck to enjoy the morning air. Laundry room and a powder room are conveniently located on the main. The first floor down offers a spacious family room with a fireplace, 2 secondary bedrooms and both a half bath and a full bath. The lowest level provides an additional bunkroom and a large room that would be a perfect game room or gym. Plenty of room for guests to visit. Did we mention EVERY living room space and EVERY bedroom opens to a deck and has AMAZING VIEWS!! Close to HWY 400, Great Dining, Shopping and Hospitals. Don't miss your chance to make this extraordinary property your own. Close to Skogie's restaurant at Gainesville Marina and about a 30-minute boat ride to Pelican Pete's and Pig Tales.

Last Agent to Sell the Property

Susan Rovner

HomeSmart License #360758 Listed on: 04/27/2024

HomeSmart

Co-Listed By

Heather Skoglind

HomeSmart License #280155

Last Buyer's Agent

Ryan Assad

Keller Williams Realty Atl. Partners License #173234

Keller Williams Realty Atl. Partners

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,248

Year Built

  • Built in 1988

Lot Details

  • 1.25 Acre Lot
  • 100 Feet of Waterfront
  • Lake Front
  • Property borders a national or state park
  • Sloped Lot
  • Wooded Lot

Parking

  • Parking Pad

Home Design

  • 3-Story Property
  • Bungalow
  • Block Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,464 Sq Ft Home
  • High Ceiling
  • Ceiling Fan
  • Fireplace Features Masonry
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Combination Dining and Living Room
  • Den
  • Bonus Room
  • Lake Views
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Primary Bedroom on Main
  • Walk-In Closet
  • Soaking Tub

Laundry

  • Laundry in Mud Room
  • Laundry Room

Finished Basement

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

Eco-Friendly Details

  • Energy-Efficient Thermostat

Outdoor Features

  • Access To Lake
  • Deep Water Access
  • Army Corps Of Engineers Controlled
  • Floating Dock
  • Dock Rights
  • Deck
  • Shed

Schools

  • Chestatee Primary Elementary School
  • Little Mill Middle School
  • East Forsyth High School

Utilities

  • Zoned Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Lakefront Lake Lanier Subdivision

Listing and Financial Details

  • Tax Lot 5

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,248

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential
  • District: 14TH
  • Section: 1ST
  • Year Built: 1988
  • ArchitecturalStyle: Bungalow/Cottage, Ranch
  • Lower Level Half Bathrooms: 1
  • Main Level Half Bathrooms: 1
  • Co List Office: PHPA01
  • Financing Type: Conventional
  • GreenEnergyEfficient: Thermostat
  • Levels: Three Or More
  • Lot Size Acres: 1.25
  • Other Sturctures: Shed(s)
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Total Finished Area2: 3464
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Electric Water Heater, Microwave, Refrigerator
  • Bedrooms: 4
  • Dining Room Features: Dining Rm/Living Rm Combo
  • Basement: Bath Finished, Daylight, Exterior Entry, Finished, Full, Interior Entry
  • Total Finished Sq Ft: 3464
  • Above Grade Finished Sq Ft: 3464
  • Interior Amenities: High Ceilings, Master On Main Level, Soaking Tub, Walk-In Closet(s)
  • Feature Name: LANIER
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Fireplace Features: Living Room, Masonry
  • Flooring: Carpet, Hardwood, Tile
  • Kitchen Features: Breakfast Bar
  • Price Per Square Foot: 250.866

Beds/Baths

  • Lower Level Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Bedroom Lower Level: 3
  • Bedroom Main Level: 1

Exterior Features

  • Waterfront Frontage: 100
  • Common Walls: No Common Walls
  • Construction Materials: Wood Siding
  • ExteriorFeatures: Other
  • Foundation Details: Block
  • Lot Features: Sloped
  • Patio And Porch Features: Deck
  • Property Condition: Resale
  • Roof: Composition
  • View: Lake
  • Waterfront Features: Corps of Engineers Control, Deep Water Access, Dock Rights, Floating Dock, Lake, Lake Access

Garage/Parking

  • Parking Features: Parking Pad

Utilities

  • Cooling: Ceiling Fan(s), Central Air, Electric, Heat Pump
  • Heating: Central, Heat Pump, Zoned
  • Laundry Features: In Mud Room
  • Security Features: Smoke Detector(s)
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Chestatee Primary
  • High School: East Forsyth
  • High School Bus: Yes
  • Middle School: Little Mill
  • Middle School Bus: Yes
  • Elementary School: Chestatee Primary
  • Middle School: Little Mill
  • High School: East Forsyth

Lot Info

  • Land Lot: 1336
  • Lot: 5
  • Plat Book: 19
  • Plat Page: 166+

Multi Family

  • Total Fireplaces: 2

Tax Info

  • Year: 2023
  • Tax Annual Amount: 6248

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2024
Closed on
Jun 28, 2024
Sold by
Squires James W and Squires Nancy K
Bought by
Paul Eric and Paul Karen
Seller's Agent
Susan Rovner
HomeSmart
Buyer's Agent
Ryan Assad
Keller Williams Realty Atl. Partners
List Price
$899,925
Sold Price
$869,000
Premium/Discount to List
-$30,925
-3.44%
Views
62
Current Estimated Value
$891,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,368
Avg. Annual Appreciation
2.07%
Original Mortgage
$500,000
Outstanding Balance
$493,971
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$397,398

Purchase Details

Listed on
Mar 11, 2020
Closed on
May 15, 2020
Sold by
Lubell Evanne
Bought by
Squires James W and Squires Nancy K
Seller's Agent
BEVERLY KNIGHT
Keller Williams Lanier Partners
Buyer's Agent
Susan Rovner
HomeSmart
List Price
$599,900
Sold Price
$575,000
Premium/Discount to List
-$24,900
-4.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.54%
Original Mortgage
$460,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2011
Sold by
Lubell Alan M
Bought by
Lubell Evanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,000
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 2004
Sold by
Whitaker Ellen O and Whitaker David
Bought by
Lubell Alan M and Lubell Evanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,700
Interest Rate
5.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 1998
Sold by
Towson Bobby G
Bought by
Whitaker Ellen and Whitaker David P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,150
Interest Rate
6.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 1996
Sold by
Andrews James J Michelle
Bought by
Towson Bobby G
Source: Public Records

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 Buyer Sale Price Title Company
Paul Eric $869,000 None Listed On Document
Squires James W $575,000 --
Lubell Evanne -- --
Lubell Evanne -- --
Lubell Alan M $424,600 --
Whitaker Ellen $304,000 --
Towson Bobby G $217,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paul Eric $500,000
Previous Owner Squires James W $460,000
Previous Owner Lubell Evanne $302,000
Previous Owner Lubell Alan M $333,700
Previous Owner Whitaker Ellen O $100,000
Previous Owner Whitaker Ellen $227,150
Closed Towson Bobby G $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2024 06/28/24 Sold $869,000 -3.4% $251 / Sq Ft
06/09/2024 06/09/24 Pending -- -- --
04/27/2024 04/27/24 For Sale $899,925 +56.5% $260 / Sq Ft
05/15/2020 05/15/20 Sold $575,000 0.0% $166 / Sq Ft
04/12/2020 04/12/20 Pending -- -- --
04/03/2020 04/03/20 Price Changed $575,000 -4.2% $166 / Sq Ft
03/11/2020 03/11/20 For Sale $599,900 -- $173 / 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
2025 $7,623 $341,712 $198,000 $143,712
2024 $7,623 $345,624 $216,000 $129,624
2023 $6,248 $286,492 $168,000 $118,492
2022 $6,351 $228,000 $144,000 $84,000
2021 $6,206 $228,000 $144,000 $84,000
2020 $1,346 $240,996 $156,000 $84,996
2019 $1,354 $239,632 $156,000 $83,632
2018 $1,364 $226,196 $156,000 $70,196
2017 $1,301 $168,460 $100,000 $68,460
2016 $1,301 $168,460 $100,000 $68,460
2015 $1,301 $168,460 $100,000 $68,460
2014 $1,198 $163,552 $100,000 $63,552
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Susan Rovner

    HomeSmart

    (954) 562-1846

    1 in this area

    24 Total Sales

    Susan Rovner
    Section Image
  • Heather Skoglind

    Seller Co-Listing Agent in 2024

    Heather Skoglind

    HomeSmart

    (678) 612-8310

    7 in this area

    56 Total Sales

    Heather Skoglind
    Section Image
  • Ryan Assad

    Buyer's Agent in 2024

    Ryan Assad

    Keller Williams Realty Atl. Partners

    (678) 520-8661

    3 in this area

    184 Total Sales

    Ryan Assad
    Section Image
  • BEVERLY KNIGHT

    Seller's Agent in 2020

    BEVERLY KNIGHT

    Keller Williams Lanier Partners

    (678) 860-0990

    15 in this area

    132 Total Sales

    BEVERLY KNIGHT
    Section Image
  • Darlene Plavcan

    Seller Co-Listing Agent in 2020

    Darlene Plavcan

    Keller Williams Lanier Partners

    (678) 300-1275

    11 in this area

    104 Total Sales

    Darlene Plavcan
    Section Image
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Map

Source: Georgia MLS

MLS Number: 10288674

Georgia MLS

APN: 322-062

Georgia Forsyth County Gainesville 30506 Lake Lanier

5500 Truman Mountain Rd, Gainesville, GA

This home is located at 5500 Truman Mountain Rd, Gainesville, GA 30506 since 27 April 2024 and is currently estimated at $891,368, approximately $257 per square foot. This property was built in 1988. 5500 Truman Mountain Rd is a home located in Forsyth County with nearby schools including Chestatee Elementary School and Little Mill Middle School.

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