NOT LISTED FOR SALE

5618 Burke Ln Gainesville, GA 30506

Estimated Value: $1,471,977 - $1,861,000

5 Beds
5 Baths
6,852 Sq Ft
$239/Sq Ft Est. Value

Last Sold September 07, 2017

Last sale price $1,225,000 $179 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $9,079/month

Highlights

  • 280 Feet of Waterfront
  • Second Kitchen
  • Fishing
  • Covered dock with one slips
  • Home Theater
  • Gated Community

About This Home

As of September 2017

Gated Lake Lanier estate w/ charm & warmth. Extraordinary plantation setting w/ herb/berry garden. Framed in centuries-old oaks, you'll love the unique outdoor fire pit where you can roast chestnuts from your trees. Hard-to-find flat grassed walk to deep wtr dock. Magazine-quality home has all the upgrades you'd expect in a luxury lakefront estate. Inviting wraparound rocking chair porch, screened porch & glorious outdoor spaces for unforgettable lawn parties. Features include media rm, 2nd kitchen/bar on terrace level, workshop, chef's kitchen..too many assets to list.

Last Agent to Sell the Property

BEVERLY KNIGHT

Keller Williams Lanier Partners License #324127 Listed on: 06/02/2017

Keller Williams Lanier Partners

Co-Listed By

Dani Burns

Keller Williams Lanier Partners License #251739

Last Buyer's Agent

BEVERLY KNIGHT

Keller Williams Lanier Partners License #324127 Listed on: 06/02/2017

Keller Williams Lanier Partners

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,632

Year Built

  • Built in 1998

Lot Details

  • 0.7 Acre Lot
  • 280 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Private Lot
  • Level Lot
  • Irrigation Equipment
  • Wooded Lot
  • Garden

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Parking Accessed On Kitchen Level
  • Garage Door Opener
  • Driveway Level

Home Design

  • Traditional Architecture
  • Composition Roof
  • Cement Siding

Interior Spaces

  • 6,852 Sq Ft Home
  • 2-Story Property
  • Central Vacuum
  • Bookcases
  • Beamed Ceilings
  • Ceiling height of 10 feet on the main level
  • Gas Log Fireplace
  • Two Story Entrance Foyer
  • Family Room with Fireplace
  • 2 Fireplaces
  • Breakfast Room
  • Formal Dining Room
  • Home Theater
  • Home Office
  • Computer Room
  • Bonus Room
  • Workshop
  • Screened Porch
  • Home Gym
  • Wood Flooring

Kitchen

  • Second Kitchen
  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Self-Cleaning Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Wood Stained Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Primary Bedroom on Main
  • Dual Vanity Sinks in Primary Bathroom
  • Low Flow Plumbing Fixtures
  • Whirlpool Bathtub
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Attic

  • Attic Fan
  • Pull Down Stairs to Attic
  • Permanent Attic Stairs

Finished Basement

  • Garage Access
  • Exterior Basement Entry
  • Fireplace in Basement
  • Boat door in Basement
  • Stubbed For A Bathroom
  • Natural lighting in basement

Home Security

  • Security System Owned
  • Security Gate
  • Fire and Smoke Detector

Outdoor Features

  • Party Deck
  • Covered dock with one slips
  • Deck
  • Patio
  • Outdoor Fireplace
  • Outbuilding
  • Outdoor Gas Grill

Schools

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

Utilities

  • Central Air
  • Humidity Control
  • Air Source Heat Pump
  • Heating System Uses Natural Gas
  • Heating System Uses Propane
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Additional Features

  • Accessible Entrance
  • Energy-Efficient Insulation

Listing and Financial Details

  • Assessor Parcel Number 10012 000009A

Community Details

Overview

  • Community Lake

Recreation

  • Fishing

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,632

Year Built

Built in 1998

Lot Details

0

HOA Fees

$25 per month

Parking

2

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Property Condition: Resale
  • Year Built: 1998
  • Accessibility Features: Accessible Entrance
  • Levels Stories: Two
  • Special Features: None
  • Stories: 2

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Hardwood
  • Fireplace Features: Basement, Family Room, Gas Log, Gas Starter, Outside
  • Number Of Fireplaces: 2
  • Other Equipment: Irrigation Equipment, Satellite Dish
  • Appliances: Dishwasher, Disposal, Electric Water Heater, Gas Range, Microwave, Refrigerator, Self Cleaning Oven
  • Interior Amenities: Beamed Ceilings, Bookcases, Central Vacuum, Disappearing Attic Stairs, Double Vanity, Entrance Foyer, Entrance Foyer 2 Story, High Ceilings 9 ft Lower, High Ceilings 9 ft Upper, High Ceilings 10 ft Main, High Speed Internet, Low-Flow Fixtures, Permanent Attic Stairs
  • Basement: Bath/Stubbed, Boat Door, Daylight, Driveway Access, Exterior Entry, Finished
  • Kitchen Features: Breakfast Bar, Breakfast Room, Cabinets Stain, Eat-in Kitchen, Kitchen Island, Pantry Walk-In, Second Kitchen, Solid Surface Counters, Stone Counters, View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Bonus Room, Computer Room, Exercise Room, Family Room, Media Room, Office, Workshop
  • Dining Room Features: Separate Dining Room
  • Square Footage: 6852.00

Beds/Baths

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

Exterior Features

  • Other Structures: Outbuilding
  • Waterfront Frontage: 280
  • Construction Materials: Cement Siding
  • Roof Type: Composition
  • Lake Name: Lanier
  • Patio And Porch Features: Deck, Front Porch, Patio, Screened, Wrap Around
  • Exterior Features: Garden, Gas Grill

Garage/Parking

  • Carport or Garage: 2
  • Number of Garage Spaces: 2
  • Parking Features: Driveway, Garage, Garage Door Opener, Kitchen Level, Level Driveway

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Security: Fire Alarm, Security Gate, Security System Owned, Smoke Detector(s)
  • Cooling: Attic Fan, Central Air, Heat Pump, Humidity Control
  • Heating: Heat Pump, Natural Gas, Propane
  • Laundry Features: Laundry Room, Main Level
  • Utilities: Cable Available

Condo/Co-op/Association

  • HOA Fee Includes: Door person
  • Community Features: Fishing, Gated, Lake
  • Association Fee: 300
  • Association Fee Frequency: Annually
  • Master Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Acres: 0.7000
  • Land/Lot: 12
  • Deed Book: 6011
  • Deed Page: 91
  • Plat Book: 135
  • Plat Page: 34-35
  • Lot Features: Level, Private, Wooded
  • Parcel Number: 10012 000009A
  • Property Attached Yn: No

Green Features

  • Efficiency: Insulation

Tax Info

  • Taxes: 6632.00
  • Assessor Parcel Number: 10-00012-00-009A
  • Close Date: 2017-09-07
  • Tax Year: 2016

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
Jun 2, 2017
Closed on
Sep 7, 2017
Sold by
Olsen Jeffrey N
Bought by
Bayne John E and Bayne Mildred S
Seller's Agent
BEVERLY KNIGHT
Keller Williams Lanier Partners
Buyer's Agent
BEVERLY KNIGHT
Keller Williams Lanier Partners
List Price
$1,290,000
Sold Price
$1,225,000
Premium/Discount to List
-$65,000
-5.04%
Current Estimated Value
$1,637,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$412,992
Avg. Annual Appreciation
3.63%
Original Mortgage
$980,000
Outstanding Balance
$800,859
Interest Rate
3.13%
Mortgage Type
New Conventional
Estimated Equity
$837,133

Purchase Details

Closed on
Mar 30, 2007
Sold by
Olsen Jeffrey N
Bought by
Olsen Jeffrey N and Olsen Melissa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$762,400
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 30, 2002
Sold by
Tickel Robert W and Tickel Mary J
Bought by
Griffin Jack and Griffin Margaret M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 1997
Sold by
Burke Alicia C and Burke James W
Bought by
Tickel Robert W and Tickel Mary J
Source: Public Records

Range of Values:

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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
Bayne John E $1,225,000 --
Olsen Jeffrey N -- --
Olsen Jeffrey N $953,000 --
Griffin Jack $545,000 --
Tickel Robert W $92,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bayne John E $980,000
Previous Owner Olsen Jeffrey N $762,400
Previous Owner Griffin Jack $436,000
Closed Tickel Robert W --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/07/2017 09/07/17 Sold $1,225,000 -5.0% $179 / Sq Ft
07/21/2017 07/21/17 Pending -- -- --
06/02/2017 06/02/17 For Sale $1,290,000 -- $188 / 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 $4,746 $583,652 $194,440 $389,212
2023 $4,366 $549,960 $175,920 $374,040
2022 $4,451 $503,176 $173,600 $329,576
2021 $4,284 $458,240 $138,880 $319,360
2020 $4,279 $447,240 $138,880 $308,360
2019 $12,001 $439,840 $138,880 $300,960
2018 $11,050 $391,880 $129,800 $262,080
2017 $6,797 $243,360 $86,520 $156,840
2016 $6,632 $243,360 $86,520 $156,840
2015 $6,686 $243,360 $86,520 $156,840
2014 $6,686 $243,360 $86,520 $156,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5858346

First Multiple Listing Service (FMLS)

APN: 10-00012-00-009A