NOT LISTED FOR SALE

5550 Lake Forrest Dr Atlanta, GA 30342

Sandy Springs ITP Neighborhood

Estimated Value: $1,228,812 - $1,586,000

5 Beds
3 Baths
3,300 Sq Ft
$407/Sq Ft Est. Value

Last Sold July 01, 2016

Last sale price $650,000 $197 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $7,739/month

Highlights

  • Golf Course Community
  • Home Theater
  • 1.61 Acre Lot
  • Heards Ferry Elementary School Rated A
  • Separate his and hers bathrooms
  • Dining Room Seats More Than Twelve

About This Home

As of July 2016

Contemporary Modern on gorgeous double lot (1.61 ac) with-in walking distance of Chastain Park! Wonderful open floorplan with large rooms, hardwood floors throughout, floor to ceiling windows and finished terrace level. Foyer opens to Living RM, Family RM w/ stone fireplace and Dining RM. Renovated kitchen w/ Brkfst area, SS appliances, granite counter & backsplash. MSTR on main w/ 2 additional bdrms. Terrace level designed w/ flex space/Media RM/Recreation area and bedrooms. Level Private Backyard w/ in ground pool. Zoned for 2 lots.

Last Agent to Sell the Property

Irene Clary

BHGRE Metro Brokers License #203686 Listed on: 01/08/2016

BHGRE Metro Brokers

Last Buyer's Agent

Sharon Leone

NOT A VALID MEMBER License #352486

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,982

Year Built

  • Built in 1966

Lot Details

  • 1.61 Acre Lot
  • Landscaped
  • Private Lot
  • Corner Lot
  • Garden

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 3,300 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 10 feet on the main level
  • Ceiling Fan
  • Skylights
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Family Room with Fireplace
  • Great Room
  • Living Room
  • Dining Room Seats More Than Twelve
  • Formal Dining Room
  • Home Theater
  • Computer Room
  • Game Room
  • Home Gym
  • Wood Flooring
  • Security System Owned

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Double Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms
  • Dual Closets
  • Separate his and hers bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Low Flow Plumbing Fixtures
  • Shower Only

Laundry

  • Laundry on lower level
  • Laundry Chute

Finished Basement

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

Parking

  • Attached Garage
  • 2 Carport Spaces
  • Parking Pad
  • Parking Accessed On Kitchen Level

Eco-Friendly Details

  • Energy-Efficient HVAC
  • Energy-Efficient Thermostat

Outdoor Features

  • Gunite Pool
  • Patio
  • Outbuilding

Location

  • Property is near public transit

Schools

  • Heards Ferry Elementary School
  • Ridgeview Charter Middle School
  • Riverwood International Charter High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 4&5

Community Details

Overview

  • Chastain Subdivision

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,982

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary/Modern
  • Property Condition: Resale
  • Year Built: 1966
  • Levels Stories: One
  • Special Features: None
  • Stories: 1

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Hardwood
  • Fireplace Features: Family Room, Gas Log, Gas Starter, Masonry
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Disposal, Double Oven, Electric Range, Microwave
  • Interior Amenities: Double Vanity, High Ceilings 9 ft Lower, High Ceilings 10 ft Main, High Speed Internet, His and Hers Closets, Low-Flow Fixtures
  • Basement: Bath/Stubbed, Daylight, Exterior Entry, Finished, Full, Interior Entry
  • Kitchen Features: Breakfast Bar, Eat-in Kitchen, Stone Counters, View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Computer Room, Exercise Room, Game Room, Great Room - 1 Story, Living Room, Media Room
  • Dining Room Features: Seats 12+, Separate Dining Room
  • Square Footage: 3300.00
  • Window Features: Skylight(s)

Beds/Baths

  • Total Bedrooms: 5
  • Bedroom Features: Master on Main
  • Lower Bedrooms: 2
  • Main Bedrooms: 3
  • Total Full Baths: 3
  • Lower Full Bathrooms: 1
  • Main Full Bathrooms: 2
  • Master Bathroom Features: Double Vanity, Separate His/Hers, Shower Only

Exterior Features

  • Other Structures: Outbuilding
  • Construction Materials: Frame
  • Roof Type: Composition
  • Patio And Porch Features: Patio
  • Exterior Features: Garden
  • Pool Features: Gunite

Garage/Parking

  • Carport or Garage: 2
  • Number of Carport Spaces: 2
  • Parking Features: Attached, Carport, Kitchen Level, Parking Pad

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Security System Owned
  • Cooling: Ceiling Fan(s), Central Air, Zoned
  • Heating: Forced Air, Natural Gas, Zoned
  • Laundry Features: Lower Level, Laundry Chute
  • Utilities: Cable Available

Condo/Co-op/Association

  • Community Features: Golf Course, Park, Playground, Pool, Public Transportation, Sidewalks, Tennis Court(s)
  • Association Fee Frequency: Annually
  • Master Association Fee Frequency: Annually
  • Subdivision Complex: Chastain

Schools

  • Elementary School: Heards Ferry
  • Middle School: Ridgeview Charter
  • High School: Riverwood International Charter

Lot Info

  • Acres: 1.6100
  • Lot: 4&5
  • Land/Lot: 122
  • Plat Book: 82
  • Plat Page: 66
  • Lot Features: Corner Lot, Landscaped, Private
  • Property Attached Yn: No

Green Features

  • Efficiency: HVAC, Thermostat

Tax Info

  • Taxes: 8982.00
  • Assessor Parcel Number: 17-0122-LL-083
  • Close Date: 2016-07-01
  • Tax Year: 2014

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Heards Ferry
  • High School: Riverwood International Charter
  • Middle School: Ridgeview Charter

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2016
Closed on
Jul 1, 2016
Sold by
Harry M
Bought by
Patel Amita and Chaganthi Madhusudan
Seller's Agent
Irene Clary
BHGRE Metro Brokers
Buyer's Agent
Sharon Leone
NOT A VALID MEMBER
List Price
$745,000
Sold Price
$650,000
Premium/Discount to List
-$95,000
-12.75%
Current Estimated Value
$1,342,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$692,953
Avg. Annual Appreciation
8.11%
Original Mortgage
$417,000
Outstanding Balance
$330,729
Interest Rate
3.38%
Mortgage Type
New Conventional
Estimated Equity
$1,012,224
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
Patel Amita $650,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Amita $417,000
Closed Patel Amita $99,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2016 07/01/16 Sold $650,000 -12.8% $197 / Sq Ft
06/02/2016 06/02/16 Pending -- -- --
05/18/2016 05/18/16 For Sale $745,000 0.0% $226 / Sq Ft
05/17/2016 05/17/16 Pending -- -- --
04/14/2016 04/14/16 Price Changed $745,000 -6.3% $226 / Sq Ft
03/22/2016 03/22/16 Price Changed $795,000 -2.5% $241 / Sq Ft
01/08/2016 01/08/16 For Sale $815,000 -- $247 / 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 $8,348 $434,000 $258,760 $175,240
2023 $10,633 $376,720 $192,840 $183,880
2022 $7,884 $347,800 $173,640 $174,160
2021 $7,844 $337,680 $168,600 $169,080
2020 $7,671 $255,160 $113,800 $141,360
2019 $7,556 $250,680 $111,800 $138,880
2018 $7,115 $228,400 $94,920 $133,480
2017 $7,325 $228,400 $94,920 $133,480
2016 $8,610 $253,880 $177,680 $76,200
2015 $8,639 $253,840 $177,680 $76,160
2014 $8,982 $253,840 $177,680 $76,160
Source: Public Records

Agents Affiliated with this Home

  • Irene Clary

    Seller's Agent in 2016

    Irene Clary

    Better Homes and Gardens Real Estate

    (770) 540-5431

    2 in this area

    66 Total Sales

    Irene Clary
    Section Image

  • S

    Buyer's Agent in 2016

    Sharon Leone

    NOT A VALID MEMBER

See All Agents

Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5633500

First Multiple Listing Service (FMLS)

APN: 17-0122-LL-083-4

Georgia Fulton County Atlanta 30342 Sandy Springs ITP

5550 Lake Forrest Dr, Atlanta, GA

This home is located at 5550 Lake Forrest Dr, Atlanta, GA 30342 since 08 January 2016 and is currently estimated at $1,342,953, approximately $406 per square foot. This property was built in 1966. 5550 Lake Forrest Dr is a home located in Fulton County with nearby schools including Heards Ferry Elementary School, Ridgeview Charter School, and Riverwood International Charter School.

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