NOT LISTED FOR SALE

5540 Villa Lake Ct Suwanee, GA 30024

Estimated Value: $501,000 - $556,631

3 Beds
3 Baths
1,875 Sq Ft
$280/Sq Ft Est. Value

Last Sold April 20, 2022

Last sale price $503,875 $269 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,269/month

5 Days on Market

Highlights

  • No Units Above
  • Clubhouse
  • Wood Flooring
  • Sharon Elementary School Rated A
  • Vaulted Ceiling
  • Main Floor Primary Bedroom

About This Home

As of April 2022

LOCATION! LOCATION! LOCATION! Brand new carpet throughout & just freshly painted inside! Beautifully maintained brick villa Ranch (w/ upstairs bonus bed & bath) in the desirable Laurel Springs area! Great open floor plan, Master on main, lots of natural light! Main level features 2 bedrooms with 2 full baths with a full bed & full bath suite upstairs - perfect for your guests! Kitchen features spacious granite countertops, lots of storage space, & Stainless steel appliances. 2 car garage. All yard maintenance included! Located minutes from Peachtree Pkwy / 141, close to all shopping. Top school districts as well!

Last Listed By

Susan Lombardo

Keller Williams Rlty.North Atl License #364522 Listed on: 03/10/2022

Keller Williams Rlty.North Atl

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $771

Year Built

  • Built in 2005

Lot Details

  • 3,920 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls

HOA Fees

  • $242 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,875 Sq Ft Home
  • 1.5-Story Property
  • Bookcases
  • Tray Ceiling
  • Vaulted Ceiling
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Bonus Room

Kitchen

  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Low Flow Plumbing Fixtures

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Patio

Schools

  • Sharon Elementary School
  • Riverwatch Middle School
  • Lambert High School

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • 220 Volts
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 32

Community Details

Overview

  • $2,900 Initiation Fee
  • Villas At Laurel Springs Subdivision

Recreation

  • Tennis Courts

Additional Features

  • Clubhouse
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$771

Year Built

Built in 2005

Lot Details

0

HOA Fees

$242 per month

Listing Details

  • Property Type: Residential
  • District: 2
  • Section: 1
  • Year Built: 2005
  • Co List Office: KWNF01
  • Electric: 220 Volts
  • Financing Type: Cash
  • Levels: One and One Half
  • Lot Size Acres: .09
  • Property Sub-Type: Townhouse
  • Structure Type: Other
  • Total Finished Area2: 1875
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 1

Interior Features

  • Appliances: Dryer, Washer, Dishwasher, Disposal, Microwave
  • Bedrooms: 3
  • Basement: None
  • Total Finished Sq Ft: 1875
  • Above Grade Finished Sq Ft: 1875
  • Interior Amenities: Bookcases, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Master On Main Level
  • Full Bathrooms: 3
  • Fireplace Features: Family Room, Gas Starter, Gas Log
  • Flooring: Hardwood, Tile, Carpet
  • Kitchen Features: Breakfast Bar, Pantry
  • Price Per Square Foot: 268.73

Beds/Baths

  • Main Level Full Bathrooms: 2
  • Upper Level Full Bathrooms: 1
  • Bedroom Main Level: 2

Exterior Features

  • Common Walls: No One Below, 2+ Common Walls, No One Above
  • Construction Materials: Brick
  • Foundation Details: Slab
  • Lot Features: Level
  • Patio And Porch Features: Patio
  • Property Condition: Resale
  • Roof: Composition

Garage/Parking

  • Parking Features: Attached, Garage

Utilities

  • Cooling: Central Air
  • Heating: Natural Gas, Zoned
  • Laundry Features: Other
  • Security Features: Smoke Detector(s)
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • Annual Association Fee: 2900
  • Association: Yes
  • Community Features: Clubhouse, Tennis Court(s)

Fee Information

  • Initiation Fee: 2900
  • Association Fee Includes: None

Schools

  • Elementary School: Sharon
  • High School: Lambert
  • High School Bus: Yes
  • Middle School: Riverwatch
  • Middle School Bus: Yes
  • Elementary School: Sharon
  • Middle School: Riverwatch
  • High School: Lambert

Lot Info

  • Land Lot: 1134
  • Lot: 32
  • Plat Book: 87
  • Plat Page: 122

Green Features

  • GreenWaterConservation: Low-Flow Fixtures

Multi Family

  • Total Fireplaces: 1

Tax Info

  • Year: 2021
  • Tax Annual Amount: 771

MLS Schools

  • Elementary Bus Line: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 31, 2024
Sold by
Wallace Elizabeth T
Bought by
Elizabeth T Wallace Living Trust and Wallace
Total Days on Market
5
Current Estimated Value
$525,658

Purchase Details

Listed on
Mar 10, 2022
Closed on
May 13, 2022
Sold by
Purchasing Fund 2020-1 Llc
Bought by
Wallace Elizabeth T
Seller's Agent
Susan Lombardo
Keller Williams Rlty.North Atl
List Price
$469,000
Sold Price
$503,875
Premium/Discount to List
$34,875
7.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.72%

Purchase Details

Closed on
Sep 2, 2005
Sold by
Odwyer Homes Inc
Bought by
Francis Marlene M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
5.86%
Mortgage Type
New Conventional

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
Elizabeth T Wallace Living Trust -- None Listed On Document
Wallace Elizabeth T $516,000 None Listed On Document
Wallace Elizabeth T $516,000 None Listed On Document
Francis Marlene M $264,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Francis Marlene M $272,000
Previous Owner Francis Marlene M $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2022 04/20/22 Sold $503,875 +7.4% $269 / Sq Ft
03/15/2022 03/15/22 Pending -- -- --
03/10/2022 03/10/22 For Sale $469,000 -- $250 / 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 $1,182 $194,072 $66,000 $128,072
2023 $1,074 $195,912 $56,000 $139,912
2022 $788 $134,892 $56,000 $78,892
2021 $771 $134,892 $56,000 $78,892
2020 $766 $130,424 $56,000 $74,424
2019 $771 $129,796 $56,000 $73,796
2018 $755 $107,928 $36,000 $71,928
2017 $767 $108,452 $36,000 $72,452
2016 $757 $101,892 $36,000 $65,892
2015 $757 $101,892 $36,000 $65,892
2014 $621 $88,148 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Susan Lombardo

    Seller's Agent in 2022

    Susan Lombardo

    Keller Williams Rlty.North Atl

    (678) 478-7868

    104 in this area

    255 Total Sales

    Susan Lombardo
    Section Image
See All Agents

Map

Source: Georgia MLS

MLS Number: 10028119

Georgia MLS

APN: 138-408

Georgia Forsyth County Suwanee 30024

5540 Villa Lake Ct, Suwanee, GA

Homes for Sale in Suwanee, GA

This home is located at 5540 Villa Lake Ct, Suwanee, GA 30024 since 10 March 2022 and is currently estimated at $525,658, approximately $280 per square foot. This property was built in 2005. 5540 Villa Lake Ct is a home located in Forsyth County with nearby schools including Sharon Elementary School, Riverwatch Middle School, and Lambert High School.

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Georgia MLS The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than Redfin are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed. Copyright 2025 Georgia MLS. All rights reserved.

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