NOT LISTED FOR SALE

5510 Mainsail Way Gainesville, GA 30504

Estimated Value: $1,040,000 - $1,302,000

6 Beds
5.5 Baths
7,120 Sq Ft
$165/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $875,000 $123 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $7,064/month

Highlights

  • Cabana
  • Lake View
  • Deck
  • Separate his and hers bathrooms
  • Community Lake
  • Oversized primary bedroom

About This Home

As of July 2021

Exquisite home with outdoor pool oasis and seasonal views of Lake Lanier. Located in the desirable neighborhood of Pointe South. Minutes from Sunrise Cove Marina. Resort style outdoor living with cabana kitchen and BBQ with TV and outdoor bar. The pool features a built in slide with hot tub that spills over into the pool. Open light and bright interior with white kitchen cabinets and beautiful granite kitchen counter tops. Built in bookcases, stone fireplace and high ceilings make the main floor perfect for family or entertaining. Master on the main with separate vanity and garden soaking tub. Walk in closet with plenty of space for his/hers. Secondary bedroom on the main can be an additional master suite. All upstairs bedrooms are oversized with bathrooms and walk in closets. Bonus room for additional play space for kids or library. Kitchenette in the basement with media room and game room. Basement area can be a mother in law suite. Exercise room complete with mirrors and plenty of storage space. Upper deck overlooks the pool while the lower deck is completed with a dry below system. This home has been beautifully maintained.

Last Agent to Sell the Property

Denise Volante

First United Realty of Ga, Inc. License #272213 Listed on: 06/25/2021

First United Realty of Ga, Inc.

Last Buyer's Agent

Pat Burke

Keller Williams Lanier Partners License #259254

Keller Williams Lanier Partners

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,220

Year Built

  • Built in 2001

Lot Details

  • 0.75 Acre Lot
  • Lot Dimensions are 125x288x100x301
  • Private Entrance
  • Landscaped
  • Back Yard Fenced and Front Yard

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Parking Accessed On Kitchen Level
  • Side Facing Garage
  • Garage Door Opener
  • Secured Garage or Parking

Home Design

  • Traditional Architecture
  • European Architecture
  • Composition Roof
  • Stone Siding
  • Four Sided Brick Exterior Elevation

Interior Spaces

  • 7,120 Sq Ft Home
  • 2-Story Property
  • Bookcases
  • Cathedral Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Fireplace With Gas Starter
  • Insulated Windows
  • Two Story Entrance Foyer
  • Family Room
  • Breakfast Room
  • Formal Dining Room
  • Bonus Room
  • Game Room
  • Home Gym
  • Lake Views
  • Laundry on main level

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Double Oven
  • Gas Cooktop
  • Dishwasher
  • Solid Surface Countertops
  • White Kitchen Cabinets

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Oversized primary bedroom
  • 6 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Separate his and hers bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom
  • Soaking Tub

Finished Basement

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

Home Security

  • Closed Circuit Camera
  • Fire and Smoke Detector

Pool

  • Cabana
  • Heated In Ground Pool
  • Spa

Outdoor Features

  • Courtyard
  • Deck
  • Outdoor Kitchen
  • Rain Gutters
  • Rear Porch

Schools

  • Oakwood Elementary School
  • West Hall Middle School
  • West Hall High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • 110 Volts
  • Septic Tank
  • Phone Available
  • Cable TV Available

Community Details

  • $100 Initiation Fee
  • Association Phone (503) 502-8083
  • Pointe South Subdivision
  • Rental Restrictions
  • Community Lake

Listing and Financial Details

  • Tax Lot 17
  • Assessor Parcel Number 08088 000022

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,220

Year Built

Built in 2001

Lot Details

0

HOA Fees

$50 per month

Parking

3

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: European, Traditional
  • Property Condition: Resale
  • Year Built: 2001
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Fireplace Features: Gas Starter
  • Number Of Fireplaces: 2
  • Appliances: Dishwasher, Double Oven, Gas Cooktop
  • Interior Amenities: Bookcases, Cathedral Ceiling(s), Double Vanity, Entrance Foyer 2 Story, High Ceilings 10 ft Lower
  • Basement: Daylight, Exterior Entry, Finished, Finished Bath
  • Kitchen Features: Breakfast Bar, Breakfast Room, Cabinets White, Solid Surface Counters, View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Bonus Room, Exercise Room, Family Room, Game Room
  • Dining Room Features: Separate Dining Room
  • Square Footage: 7120.00
  • Spa Features: Private
  • Window Features: Insulated Windows

Beds/Baths

  • Total Bedrooms: 6
  • Bedroom Features: Master on Main, Oversized Master
  • Lower Bedrooms: 1
  • Main Bedrooms: 2
  • Total Bathrooms: 6
  • Total Full Baths: 5
  • Total Half Baths: 1
  • Lower Full Bathrooms: 1
  • Main Full Bathrooms: 2
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Separate His/Hers, Separate Tub/Shower, Soaking Tub

Exterior Features

  • Other Structures: Cabana, Outdoor Kitchen
  • Construction Materials: Brick 4 Sides, Stone
  • Roof Type: Composition
  • Lake Name: Lanier
  • Fencing: Back Yard
  • Patio And Porch Features: Deck, Rear Porch
  • Exterior Features: Courtyard, Private Front Entry, Private Yard, Rain Gutters
  • Pool Features: Heated, In Ground
  • View: Lake
  • Pool Private: Yes
  • Foundation: None

Garage/Parking

  • Carport or Garage: 3
  • Number of Garage Spaces: 3
  • Parking Features: Garage, Garage Door Opener, Garage Faces Side, Kitchen Level

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: Closed Circuit Camera(s), Fire Alarm, Secured Garage/Parking, Smoke Detector(s)
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central, Natural Gas
  • Laundry Features: Main Level
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Underground Utilities
  • Electric: 110 Volts

Condo/Co-op/Association

  • HOA Rent Restrictions: Yes
  • Community Features: Homeowners Assoc, Lake
  • Association Fee: 600
  • Association Fee Frequency: Annually
  • Association: Yes
  • Hoa Contact Phone: 503-502-8083
  • Subdivision Complex: Pointe South

Schools

  • Elementary School: Oakwood
  • Middle School: West Hall
  • High School: West Hall

Lot Info

  • Acres: 0.7500
  • Lot: 17
  • Land/Lot: 88
  • Plat Book: 430
  • Plat Page: 139A
  • Lot Features: Back Yard, Front Yard, Landscaped
  • Lot Dimensions: 125x288x100x301
  • Parcel Number: 08088 000022
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Rental Info

  • Initiation Fee: 100

Tax Info

  • Taxes: 7220.00
  • Assessor Parcel Number: 08-00088-00-022
  • Close Date: 2021-07-30
  • Tax Year: 2020

MLS Schools

  • Elementary School: Oakwood
  • High School: West Hall
  • Middle School: West Hall

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2021
Closed on
Jul 30, 2021
Sold by
Eggerton Max
Bought by
Doan My Hanh Thi
Seller's Agent
Denise Volante
First United Realty of Ga, Inc.
Buyer's Agent
Pat Burke
Keller Williams Lanier Partners
List Price
$895,000
Sold Price
$875,000
Premium/Discount to List
-$20,000
-2.23%
Current Estimated Value
$1,171,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$296,367
Avg. Annual Appreciation
6.09%
Original Mortgage
$700,000
Outstanding Balance
$643,344
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$474,984

Purchase Details

Listed on
Apr 7, 2017
Closed on
Jun 9, 2017
Sold by
Patersen James A
Bought by
Eggerton Max
Seller's Agent
Chad Buffington
Buffington Real Estate Group, LLC
Buyer's Agent
Michael McDougald
Virtual Properties Realty.com
List Price
$650,000
Sold Price
$637,500
Premium/Discount to List
-$12,500
-1.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.95%
Original Mortgage
$478,125
Interest Rate
9.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 25, 2008
Sold by
Snow Michael W and Snow Karen M
Bought by
Petersen James A and Petersen Sara M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
6.37%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Doan My Hanh Thi $875,000 --
Eggerton Max $637,500 --
Petersen James A $550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Doan My Hanh Thi $700,000
Closed Doan My Hanh Thi $700,000
Previous Owner Eggerton Max $26,930
Previous Owner Eggerton Max $553,600
Previous Owner Eggerton Max $35,000
Previous Owner Eggerton Max $478,125
Previous Owner Petersen James A $168,000
Previous Owner Petersen James A $417,000
Previous Owner Petersen James A $495,000
Previous Owner Snow Michael W $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $875,000 -2.2% $123 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
06/25/2021 06/25/21 For Sale $895,000 +40.4% $126 / Sq Ft
06/09/2017 06/09/17 Sold $637,500 -1.9% $141 / Sq Ft
04/23/2017 04/23/17 Pending -- -- --
04/07/2017 04/07/17 For Sale $650,000 -- $144 / 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
2024 $9,935 $395,560 $56,400 $339,160
2023 $9,547 $379,720 $56,400 $323,320
2022 $8,996 $343,000 $56,400 $286,600
2021 $7,327 $274,800 $20,520 $254,280
2020 $7,220 $263,000 $20,520 $242,480
2019 $7,083 $255,675 $18,040 $237,635
2018 $6,722 $234,635 $18,040 $216,595
2016 $4,756 $170,822 $18,040 $152,782
2015 $4,788 $170,822 $18,040 $152,782
2014 $4,788 $170,822 $18,040 $152,782
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6906131

First Multiple Listing Service (FMLS)

APN: 08-00088-00-022