NOT LISTED FOR SALE

5609 Old Wilkie Rd Gainesville, GA 30506

Estimated Value: $2,260,000 - $5,347,000

12 Acres
$293,476 Price per Acre
525,334 Sq Ft Lot

Last Sold May 24, 2021

Last sale price $2,635,000 $633 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $20,257/month

21 Days on Market

Highlights

  • 1,000 Feet of Waterfront
  • Boating
  • Fishing
  • Single Slip
  • Barn
  • Lake On Lot

About This Lot

As of May 2021

Rare opportunity for 12+ acres on Lake Lanier with over 1000 ft. of shoreline. This property can be subdivided into 14 lots and owner has a permit for a 14 slip community boat dock. Property has a beautiful 8000+ sq ft. home with a pool and finished basement. This property is being sold with 5615 Old Wilkie Rd. 6 bedrooms, 5 baths and 2 half baths. Full second kitchen on terrace level. Gated property on quiet north end of Lake Lanier with deep water at the dock.

Last Agent to Sell the Property

Denise Sperier

Atlanta Fine Homes Sotheby's International License #356058 Listed on: 02/23/2021

Atlanta Fine Homes Sotheby's International

Co-Listed By

James Lyons

NOT A VALID MEMBER License #170195

Last Buyer's Agent

Joshua Grindle

NOT A VALID MEMBER License #340020

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $29,912

Year Built

  • Built in 1997

Lot Details

  • 12.06 Acre Lot
  • Lot Dimensions are 150 x 1195
  • 1,000 Feet of Waterfront
  • Lake Front
  • Property fronts a state road
  • Front Yard Fenced
  • Private Lot
  • Cleared Lot
  • Property is zoned AR3

Home Design

  • 2-Story Property
  • Traditional Architecture

Interior Spaces

  • Great Room
  • Family Room
  • Living Room
  • Den
  • Library
  • Bonus Room
  • Game Room
  • Home Gym
  • Lake Views

Bedrooms and Bathrooms

  • Oversized primary bedroom
  • Separate his and hers bathrooms
  • In-Law or Guest Suite
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub

Schools

  • Lanier Elementary School
  • North Hall Middle School
  • North Hall High School

Farming

  • Barn
  • Pasture

Utilities

  • Underground Utilities
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 10012 000026

Community Details

Overview

  • Lake Lanier Subdivision
  • Community Lake

Recreation

  • Boating
  • Fishing
  • Party Deck
  • Single Slip
  • Lake On Lot
  • Deck
  • Enclosed Patio or Porch
  • Outbuilding

Property Details

Property Type

Land

Est. Annual Taxes

$29,912

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Standard Status: Closed
  • Property Type: Land
  • MLS Status: Closed
  • Architectural Style: Ranch, Traditional
  • Current Classification: Undeveloped/Zoned Residential
  • Property Condition: Resale
  • Year Built: 1997
  • Levels Stories: Two
  • Special Features: None
  • Property Sub Type: LotsLands

Property Details

  • Property: Land

Interior Features

  • Additional Rooms: Bonus Room, Den, Exercise Room, Family Room, Game Room, Great Room - 1 Story, Library, Living Room

Beds/Baths

  • Total Bedrooms: 6
  • Bedroom Features: In-Law Suite/Apartment, Oversized Master
  • Lower Bedrooms: 3
  • Main Bedrooms: 3
  • Total Bathrooms: 7
  • Total Full Baths: 5
  • Total Half Baths: 2
  • Lower Full Bathrooms: 2
  • Main Full Bathrooms: 3
  • Main Half Bathrooms: 2
  • Master Bathroom Features: Double Vanity, Separate His/Hers, Whirlpool Tub

Exterior Features

  • Other Structures: Barn(s), Outbuilding
  • Waterfront Frontage: 1000
  • Lake Name: Lanier
  • Fencing: Front Yard
  • Patio And Porch Features: Deck, Enclosed, Glass Enclosed
  • View: Lake

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Underground Utilities, Water Available

Condo/Co-op/Association

  • Community Features: Boating, Fishing, Lake
  • Subdivision Complex: Lake Lanier

Schools

  • Elementary School: Lanier
  • Middle School: North Hall
  • High School: North Hall

Lot Info

  • Acres: 12.0600
  • Possible Use: Farm, Horses, Multi-Family, Residential
  • Current Zoning: AR3
  • Current Use: Residential
  • House On Property: Yes
  • Lot Features: Lake On Lot, Private
  • Lot Dimensions: 150 x 1195
  • Parcel Number: 10012 000026
  • Price Acre Dollar: 218490.88
  • Horse Amenities: Barn, Pasture
  • Property Attached Yn: No

Tax Info

  • Taxes: 29912.00
  • Assessor Parcel Number: 10-00012-00-026
  • Close Date: 2021-05-24
  • Tax Year: 2020

Multi Family

  • Waterfront Features: Lake, Lake Front

MLS Schools

  • School Bus Route Elem: Yes
  • School Bus Route High: Yes
  • School Bus Route Middle: Yes
  • Elementary School: Lanier
  • High School: North Hall
  • Middle School: North Hall

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2021
Closed on
May 24, 2021
Sold by
Zhang Xuewei
Bought by
Cope Richard and Cope Karen
Seller's Agent
Denise Sperier
Atlanta Fine Homes Sotheby's International
Buyer's Agent
Joshua Grindle
NOT A VALID MEMBER
List Price
$2,800,000
Sold Price
$2,635,000
Premium/Discount to List
-$165,000
-5.89%
Current Estimated Value
$3,569,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$934,573
Avg. Annual Appreciation
8.30%
Original Mortgage
$2,239,750
Outstanding Balance
$2,049,765
Interest Rate
2.9%
Mortgage Type
VA
Estimated Equity
$1,644,802

Purchase Details

Listed on
Apr 24, 2013
Closed on
Dec 12, 2013
Sold by
Powell Ginny L
Bought by
Zhang Xuewei
Seller's Agent
Terry Cooksey
Keller Williams Realty Community Partners
Buyer's Agent
Kevin Lee
NOT A VALID MEMBER
List Price
$2,595,000
Sold Price
$2,365,250
Premium/Discount to List
-$229,750
-8.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.46%
Original Mortgage
$600,000
Interest Rate
5.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 1993
Sold by
Citizens Bank Cherokee
Bought by
Powell Ginny L and Powell Benjamin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.05%
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
Cope Richard $2,635,000 --
Zhang Xuewei $2,365,300 --
Powell Ginny L $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cope Richard $495,482
Closed Cope Richard $250,000
Open Cope Richard $2,239,750
Closed Cope Richard $2,239,750
Previous Owner Zhang Xuewei $600,000
Previous Owner Powell Benjamin $400,100
Previous Owner Powell Benjamin $100,000
Previous Owner Powell Ginny L $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2021 05/24/21 Sold $2,635,000 -5.9% $633 / Sq Ft
03/16/2021 03/16/21 Pending -- -- --
02/23/2021 02/23/21 For Sale $2,800,000 +18.4% $672 / Sq Ft
12/12/2013 12/12/13 Sold $2,365,250 -8.9% $568 / Sq Ft
10/21/2013 10/21/13 Pending -- -- --
04/24/2013 04/24/13 For Sale $2,595,000 -- $623 / 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 $9,700 $1,200,604 $729,360 $471,244
2023 $27,925 $1,128,904 $668,320 $460,584
2022 $26,990 $1,065,740 $660,680 $405,060
2021 $25,022 $1,122,040 $615,680 $506,360
2020 $29,912 $1,107,360 $615,680 $491,680
2019 $29,969 $1,097,520 $615,680 $481,840
2018 $31,497 $1,116,240 $645,640 $470,600
2017 $25,568 $915,360 $454,240 $461,120
2016 $24,942 $915,360 $454,240 $461,120
2015 $25,363 $915,360 $454,240 $461,120
2014 $25,363 $923,296 $454,240 $469,056
Source: Public Records

Agents Affiliated with this Home

  • Denise Sperier

    Seller's Agent in 2021

    Denise Sperier

    Atlanta Fine Homes Sotheby's International Realty

    (404) 245-1887

    128 Total Sales

    Section Image

  • J

    Seller Co-Listing Agent in 2021

    James Lyons

    NOT A VALID MEMBER

    Section Image

  • J

    Buyer's Agent in 2021

    Joshua Grindle

    NOT A VALID MEMBER

    Section Image
  • Terry Cooksey

    Seller's Agent in 2013

    Terry Cooksey

    Keller Williams Realty Community Partners

    (770) 503-4167

    27 Total Sales

    Section Image

  • K

    Buyer's Agent in 2013

    Kevin Lee

    NOT A VALID MEMBER

    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6843953

First Multiple Listing Service (FMLS)

APN: 10-00012-00-026

Georgia Hall County Gainesville 30506

5609 Old Wilkie Rd, Gainesville, GA

This home is located at 5609 Old Wilkie Rd, Gainesville, GA 30506 since 23 February 2021 and is currently estimated at $3,539,315, approximately $849 per square foot. This property was built in 1997. 5609 Old Wilkie Rd is a home located in Hall County with nearby schools including Lanier Elementary School, Chestatee Middle School, and Chestatee High School.

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