NOT LISTED FOR SALE

5735 Cherokee Trace Cumming, GA 30041

Lake Lanier Neighborhood

Estimated Value: $994,844 - $1,372,000

5 Beds
3.5 Baths
4,957 Sq Ft
$249/Sq Ft Est. Value

Last Sold March 31, 2017

Last sale price $675,000 $136 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $7,215/month

Highlights

  • 100 Feet of Waterfront
  • Covered dock with two slips
  • Lake View
  • Chattahoochee Elementary School Rated A
  • Deep Water Access
  • Community Lake

About This Home

As of March 2017

Classic waterfront Southlake home on deep water in one the finest, most accessible Lake Neighborhoods on Lanier. Recently vacant and Owner enhancements have began so act now to have a say to have it your way! Double slip dock with heavy duty hoist and sundeck. Fantastic open water view of south lake sunset. Two story great room, master on main with a level walk to the Dock... too much to list here! Only 3 miles off Ga. 400 at Pilgrim Mill Road. Vacant on Supra.

Last Agent to Sell the Property

DENNIS DUKE

NOT A VALID MEMBER License #143377 Listed on: 04/21/2016

Last Buyer's Agent

Arthur Prescott

Berkshire Hathaway HomeServices Georgia Properties License #246526

Berkshire Hathaway HomeServices Georgia Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,077

Year Built

  • Built in 1993

Lot Details

  • Lot Dimensions are 250x100x147x100
  • 100 Feet of Waterfront
  • Lake Front
  • Level Lot

Parking

  • 2 Car Garage

Home Design

  • European Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,957 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Factory Built Fireplace
  • Fireplace With Glass Doors
  • Fireplace With Gas Starter
  • Two Story Entrance Foyer
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • Breakfast Room
  • Formal Dining Room
  • Game Room
  • Lake Views
  • Pull Down Stairs to Attic
  • Laundry Room

Kitchen

  • Open to Family Room
  • Double Oven
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Primary Bedroom on Main
  • Vaulted Bathroom Ceilings
  • Dual Vanity Sinks in Primary Bathroom
  • Whirlpool Bathtub
  • Window or Skylight in Bathroom

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Stubbed For A Bathroom

Accessible Home Design

  • Grip-Accessible Features
  • Accessible Entrance

Eco-Friendly Details

  • Energy-Efficient HVAC
  • Energy-Efficient Thermostat

Outdoor Features

  • Deep Water Access
  • Covered dock with two slips
  • Covered Dock
  • Deck
  • Patio

Schools

  • Chattahoochee - Forsyth Elementary School
  • Otwell Middle School
  • Forsyth Central High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • Sundown Subdivision
  • Community Lake

Listing and Financial Details

  • Legal Lot and Block 7 / a
  • Assessor Parcel Number 245 073

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,077

Year Built

Built in 1993

Lot Details

0

Parking

2

Listing Details

  • Standard Status: Closed
  • Property Type: Residential
  • MLS Status: Closed
  • Property Sub Type: Single Family Residence
  • Architectural Style: European
  • Property Condition: Resale
  • Year Built: 1993
  • Accessibility Features: Accessible Entrance, Grip-Accessible Features
  • Levels Stories: Two
  • Special Features: None
  • Stories: 2

Property Details

  • Property: Residential Detached

Interior Features

  • Fireplace Features: Factory Built, Gas Starter, Glass Doors, Living Room
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Disposal, Double Oven, Electric Water Heater
  • Interior Amenities: Cathedral Ceiling(s), Disappearing Attic Stairs, Double Vanity, Entrance Foyer 2 Story, High Ceilings 10 ft Lower
  • Basement: Bath/Stubbed, Finished, Full, Interior Entry
  • Kitchen Features: Breakfast Room, Kitchen Island, Pantry, Stone Counters, View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Family Room, Game Room, Great Room - 1 Story
  • Dining Room Features: Separate Dining Room
  • Square Footage: 4957.00

Beds/Baths

  • Total Bedrooms: 5
  • Bedroom Features: Master on Main
  • Lower Bedrooms: 1
  • Main Bedrooms: 1
  • Total Full Baths: 3
  • Total Half Baths: 1
  • Lower Full Bathrooms: 1
  • Main Full Bathrooms: 1
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Skylights, Vaulted Ceilings, Whirlpool Tub

Exterior Features

  • Waterfront Frontage: 100
  • Construction Materials: Stucco
  • Roof Type: Composition
  • Lake Name: Lanier
  • Patio And Porch Features: Deck, Patio
  • View: Lake

Garage/Parking

  • Carport or Garage: 2
  • Number of Garage Spaces: 2
  • Parking Features: Garage

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Laundry Features: Laundry Room
  • Utilities: Cable Available

Condo/Co-op/Association

  • Community Features: Lake
  • Association Fee Frequency: Annually
  • Master Association Fee Frequency: Annually
  • Subdivision Complex: Sundown

Schools

  • Elementary School: Chattahoochee - Forsyth
  • Middle School: Otwell
  • High School: Forsyth Central

Lot Info

  • Lot: 7
  • Land/Lot: 285
  • Section G M D: 1st
  • Deed Book: 2479
  • Deed Page: 19
  • Plat Book: 290
  • Plat Page: 17
  • Lot Features: Level
  • Lot Dimensions: 250x100x147x100
  • Parcel Number: 245 073
  • Property Attached Yn: No

Green Features

  • Efficiency: HVAC, Thermostat

Tax Info

  • Taxes: 5077.00
  • Assessor Parcel Number: 245-000-073
  • Close Date: 2017-03-31
  • Tax Year: 2015

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: Chattahoochee - Forsyth
  • High School: Forsyth Central
  • Middle School: Otwell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2016
Closed on
Mar 31, 2017
Sold by
Sayer Steve F
Bought by
Marvin Rick and Marvin Linda
Seller's Agent
DENNIS DUKE
NOT A VALID MEMBER
Buyer's Agent
Arthur Prescott
Berkshire Hathaway HomeServices Georgia Properties
List Price
$689,000
Sold Price
$675,000
Premium/Discount to List
-$14,000
-2.03%
Current Estimated Value
$1,232,461

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$557,461
Avg. Annual Appreciation
7.30%
Original Mortgage
$584,350
Outstanding Balance
$484,796
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$747,665

Purchase Details

Closed on
Apr 30, 1996
Sold by
Robinson James Maureen
Bought by
Sayer Steven
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
Marvin Rick $675,000 --
Sayer Steven $407,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marvin Rick $584,350
Closed Sayer Steven $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2017 03/31/17 Sold $675,000 -3.4% $136 / Sq Ft
02/22/2017 02/22/17 Pending -- -- --
02/22/2017 02/22/17 Price Changed $699,000 -0.1% $141 / Sq Ft
09/07/2016 09/07/16 Price Changed $699,500 +1.5% $141 / Sq Ft
04/21/2016 04/21/16 For Sale $689,000 -- $139 / 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 $8,172 $428,900 $180,000 $248,900
2024 $8,172 $370,008 $180,000 $190,008
2023 $8,112 $385,180 $160,000 $225,180
2022 $7,881 $271,236 $140,000 $131,236
2021 $7,312 $271,236 $140,000 $131,236
2020 $7,189 $265,288 $140,000 $125,288
2019 $7,404 $275,176 $140,000 $135,176
2018 $7,153 $258,668 $140,000 $118,668
2017 $6,344 $228,592 $144,000 $84,592
2016 $5,234 $188,592 $104,000 $84,592
2015 $5,077 $182,592 $98,000 $84,592
2014 $4,661 $176,072 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    DENNIS DUKE

    NOT A VALID MEMBER

  • Arthur Prescott

    Buyer's Agent in 2017

    Arthur Prescott

    Berkshire Hathaway HomeServices Georgia Properties

    (770) 309-7531

    5 in this area

    16 Total Sales

    Arthur Prescott
    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 5679614

First Multiple Listing Service (FMLS)

APN: 245-073

Georgia Forsyth County Cumming 30041 Lake Lanier

5735 Cherokee Trace, Cumming, GA

This home is located at 5735 Cherokee Trace, Cumming, GA 30041 since 21 April 2016 and is currently estimated at $1,232,461, approximately $248 per square foot. This property was built in 1993. 5735 Cherokee Trace is a home located in Forsyth County with nearby schools including Chattahoochee Elementary School and Little Mill Middle School.

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