NOT LISTED FOR SALE

5505 Orchard Hill Terrace Cumming, GA 30028

Estimated Value: $470,000 - $494,000

4 Beds
2.5 Baths
2,482 Sq Ft
$193/Sq Ft Est. Value

Last Sold June 05, 2020

Last sale price $289,500 $117 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $2,620/month

67 Days on Market

Highlights

  • Craftsman Architecture
  • Private Lot
  • Main Floor Primary Bedroom
  • Silver City Elementary School Rated A
  • Wood Flooring
  • Solid Surface Countertops

About This Home

As of June 2020

Recent price improvement! Home features kitchen with granite CT, Stainless steel appliances, and tile backsplash. Master on main offers duel vanity, seperate garden tub and shower, with HUGE walk in closet! Enjoy the screened in porch off the breakfast room! New roof, fresh paint, and HE Maytag Washer and dryer staying!

Last Agent to Sell the Property

Mark Spain

Mark Spain Real Estate License #178501 Listed on: 03/03/2020

Mark Spain Real Estate

Co-Listed By

John Boyzo

NOT A VALID MEMBER License #371934

Last Buyer's Agent

Jeff Fountain

Virtual Properties Realty.com License #130812

Virtual Properties Realty.com

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,632

Year Built

  • Built in 2007

Lot Details

  • 0.26 Acre Lot
  • Private Lot
  • Level Lot
  • Back Yard

HOA Fees

  • $38 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Craftsman Architecture
  • Shingle Roof
  • Cement Siding
  • Brick Front

Interior Spaces

  • 2,482 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 10 feet on the lower level
  • Gas Log Fireplace
  • Family Room
  • Wood Flooring
  • Laundry on main level

Kitchen

  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Primary Bedroom on Main
  • Dual Vanity Sinks in Primary Bathroom

Schools

  • Silver City Elementary School
  • North Forsyth Middle School
  • North Forsyth High School

Utilities

  • Central Heating and Cooling System

Community Details

  • $450 Initiation Fee
  • Heritage Property Mgmt Association, Phone Number (888) 722-6669
  • Glenn Ivey Subdivision

Listing and Financial Details

  • Tax Lot 125
  • Assessor Parcel Number 234 214

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,632

Year Built

Built in 2007

Lot Details

0

HOA Fees

$38 per month

Parking

2

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Craftsman
  • Property Condition: Resale
  • Year Built: 2007
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Hardwood
  • Fireplace Features: Gas Log
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Disposal, Refrigerator, Microwave
  • Interior Amenities: High Ceilings 10 ft Lower, Double Vanity
  • Kitchen Features: Solid Surface Counters, Pantry
  • Common Walls: No Common Walls
  • Additional Rooms: Family Room
  • Square Footage: 2482.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 4
  • Bedroom Features: Master on Main
  • Main Bedrooms: 1
  • Total Bathrooms: 3
  • Total Full Baths: 2
  • Total Half Baths: 1
  • Main Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Double Vanity

Exterior Features

  • Construction Materials: Brick Front, Cement Siding
  • Roof Type: Shingle

Garage/Parking

  • Number of Garage Spaces: 2
  • Parking Features: Garage

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Main Level
  • Electric: None

Condo/Co-op/Association

  • HOA Fee Includes: Swim/Tennis
  • Community Features: Homeowners Assoc
  • Association Fee: 450
  • Association Fee Frequency: Annually
  • Association: Yes
  • Hoa Contact Phone: 888-722-6669
  • Management Phone: 888-722-6669
  • Subdivision Complex: Glenn Ivey

Association/Amenities

  • Management Company: HERITAGE PROPERTY MGMT

Lot Info

  • Acres: 0.2600
  • Lot: 125
  • Section G M D: 1
  • Lot Features: Back Yard, Level, Private
  • Parcel Number: 234 214
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Rental Info

  • Initiation Fee: 450

Tax Info

  • Taxes: 2632.00
  • Tax Year: 2019

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Silver City
  • High School: North Forsyth
  • Middle School: North Forsyth

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2020
Closed on
Jun 5, 2020
Sold by
Lewis Majorie
Bought by
Pierce Nancy B
Seller's Agent
Mark Spain
Mark Spain Real Estate
Buyer's Agent
Jeff Fountain
Virtual Properties Realty.com
List Price
$299,990
Sold Price
$289,500
Premium/Discount to List
-$10,490
-3.5%
Current Estimated Value
$477,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,486
Avg. Annual Appreciation
9.47%
Original Mortgage
$275,025
Outstanding Balance
$243,789
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$234,197

Purchase Details

Listed on
Dec 6, 2019
Closed on
Jan 27, 2020
Sold by
Lindsey Elizabeth B
Bought by
Lewis Majorie and Lewis Linda M
Seller's Agent
Sue Stancil
NOT A VALID MEMBER
Buyer's Agent
Shelley Moore
Berkshire Hathaway HomeServices Georgia Properties
List Price
$299,000
Sold Price
$280,000
Premium/Discount to List
-$19,000
-6.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.71%

Purchase Details

Closed on
Feb 8, 2017
Sold by
Hills Laurence G
Bought by
Lindsey Elizabeth B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2009
Sold by
Rbc Real Estate Finance Inc
Bought by
Hills Laurence G

Purchase Details

Closed on
Nov 4, 2008
Sold by
White Horse Homes Llc
Bought by
Rbc R/E Fin Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Pierce Nancy B $289,500 --
Lewis Majorie $280,000 --
Lindsey Elizabeth B $262,500 --
Hills Laurence G $175,000 --
Rbc R/E Fin Inc $176,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pierce Nancy B $275,025
Previous Owner Lindsey Elizabeth B $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/05/2020 06/05/20 Sold $289,500 -0.1% $117 / Sq Ft
05/09/2020 05/09/20 Pending -- -- --
04/29/2020 04/29/20 Price Changed $289,900 -3.4% $117 / Sq Ft
04/14/2020 04/14/20 Price Changed $300,000 +3.5% $121 / Sq Ft
03/26/2020 03/26/20 Price Changed $289,900 -3.4% $117 / Sq Ft
03/03/2020 03/03/20 For Sale $299,990 +7.1% $121 / Sq Ft
01/27/2020 01/27/20 Sold $280,000 -6.4% $113 / Sq Ft View Prior Sale
01/10/2020 01/10/20 Pending -- -- --
12/14/2019 12/14/19 For Sale $299,000 +6.8% $120 / Sq Ft
12/14/2019 12/14/19 Off Market $280,000 -- --
12/06/2019 12/06/19 For Sale $299,000 -- $120 / 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 $849 $188,916 $52,000 $136,916
2024 $849 $167,008 $48,000 $119,008
2023 $745 $167,172 $36,000 $131,172
2022 $832 $111,492 $18,000 $93,492
2021 $819 $111,492 $18,000 $93,492
2020 $604 $110,616 $18,000 $92,616
2019 $2,632 $104,668 $18,000 $86,668
2018 $2,557 $100,560 $18,000 $82,560
2017 $550 $79,992 $18,000 $61,992
2016 $542 $74,272 $15,200 $59,072
2015 $497 $68,432 $15,200 $53,232
2014 $450 $65,924 $12,000 $53,924
Source: Public Records

Agents Affiliated with this Home

  • Mark Spain

    Seller's Agent in 2020

    Mark Spain

    Mark Spain

    (678) 537-8980

    198 in this area

    9,772 Total Sales

    Mark Spain
    Section Image

  • S

    Seller's Agent in 2020

    Sue Stancil

    NOT A VALID MEMBER

    Section Image

  • J

    Seller Co-Listing Agent in 2020

    John Boyzo

    NOT A VALID MEMBER

    Section Image
  • Jeff Fountain

    Buyer's Agent in 2020

    Jeff Fountain

    Virtual Properties Realty.com

    (985) 320-2223

    8 in this area

    57 Total Sales

    Jeff Fountain
    Section Image
  • Shelley Moore

    Buyer's Agent in 2020

    Shelley Moore

    Berkshire Hathaway HomeServices Georgia Properties

    (404) 862-0288

    24 Total Sales

    Shelley Moore
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6690159

First Multiple Listing Service (FMLS)

APN: 234-214

Georgia Forsyth County Cumming 30028

5505 Orchard Hill Terrace, Cumming, GA

Not Listed for Sale

Detached

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