NOT LISTED FOR SALE

5840 Cherokee Trace Cumming, GA 30041

Lake Lanier Neighborhood

Estimated Value: $516,527 - $731,000

4 Beds
3 Baths
3,025 Sq Ft
$195/Sq Ft Est. Value

Last Sold June 26, 2020

Last sale price $347,500 $115 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $3,494/month

Highlights

  • Boating
  • Fishing
  • Private Lot
  • Chattahoochee Elementary School Rated A
  • Community Lake
  • Living Room with Fireplace

About This Home

As of June 2020

Lake view! You will love this gorgeous home located in Cumming. Large living area w/ elegant fireplace. Stunning master bedroom w/ WIC and master suite. Two additional bedrooms on main level are spacious and share a full bath. Kitchen updated w/ spacious island. Full in-law suite in basement w/ private entrance, full bath and kitchen. Full media room completely set up w/ projector, tv, couches and chairs to stay. Whole house vacuum system. Close to deep water boat lunch and park. RV/Boat storage on site. Don't miss out!!

Last Agent to Sell the Property

Mark Spain

Mark Spain Real Estate License #178501 Listed on: 05/22/2020

Mark Spain Real Estate

Co-Listed By

Simon Mandell

Mark Spain Real Estate License #389022

Last Buyer's Agent

Pamela Evans

Century 21 Results License #338938

Century 21 Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,376

Year Built

  • Built in 1995

Lot Details

  • 0.53 Acre Lot
  • Private Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Traditional Architecture
  • Composition Roof
  • Stucco

Interior Spaces

  • 3,025 Sq Ft Home
  • 2-Story Property
  • Bookcases
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Wood Flooring

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Gas Oven
  • Gas Range
  • Microwave
  • Dishwasher
  • White Kitchen Cabinets

Bedrooms and Bathrooms

  • Oversized primary bedroom
  • Primary Bedroom on Main
  • Dual Closets
  • Walk-In Closet
  • Dual Vanity Sinks in Primary Bathroom
  • Separate Shower in Primary Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Finished Basement

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

Schools

  • Chattahoochee - Forsyth Elementary School
  • Little Mill Middle School
  • Forsyth Central High School

Utilities

  • Central Air
  • Power Generator
  • Septic Tank
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 244 054

Community Details

Overview

  • Community Lake

Recreation

  • Boating
  • Community Dry Dock
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,376

Year Built

Built in 1995

Lot Details

0

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: 1995
  • Levels Stories: Two
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Hardwood
  • Fireplace Features: Living Room
  • Other Equipment: Generator
  • Appliances: Dishwasher, Refrigerator, Gas Range, Gas Oven, Microwave
  • Interior Amenities: Bookcases, Double Vanity, High Speed Internet, His and Hers Closets, Walk-In Closet(s)
  • Basement: Daylight, Exterior Entry, Finished, Full, Interior Entry
  • Kitchen Features: Breakfast Bar, Cabinets White, Pantry, View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Family Room
  • Dining Room Features: Separate Dining Room
  • Square Footage: 3025.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 4
  • Bedroom Features: Master on Main, Oversized Master
  • Lower Bedrooms: 1
  • Total Bathrooms: 3
  • Total Full Baths: 3
  • Lower Full Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Separate Tub/Shower

Exterior Features

  • Construction Materials: Stucco
  • Roof Type: Composition

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Central Air
  • Laundry Features: Laundry Room, Main Level
  • Electric: None

Condo/Co-op/Association

  • Community Features: Boating, Dry Dock, Fishing, Lake, Sidewalks, Street Lights

Schools

  • Elementary School: Chattahoochee - Forsyth
  • Middle School: Little Mill
  • High School: Forsyth Central

Lot Info

  • Acres: 0.5300
  • Lot Features: Private
  • Parcel Number: 244 054
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 2376.00
  • Assessor Parcel Number: 244-000-054
  • Close Date: 2020-06-26
  • Tax Year: 2017

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: Little Mill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2020
Closed on
Jun 26, 2020
Sold by
White Steve L
Bought by
Cory Donna Ruth
Seller's Agent
Mark Spain
Mark Spain Real Estate
Buyer's Agent
Pamela Evans
Century 21 Results
List Price
$349,000
Sold Price
$347,500
Premium/Discount to List
-$1,500
-0.43%
Current Estimated Value
$589,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$241,882
Avg. Annual Appreciation
10.48%
Original Mortgage
$329,500
Outstanding Balance
$292,179
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$297,203

Purchase Details

Listed on
Jun 26, 2013
Closed on
Feb 21, 2014
Sold by
White Steve L
Bought by
White Steve L and White Sandra L
Seller's Agent
Julie Cooper
Solid Source Realty GA
Buyer's Agent
Joan Chouiniere
BHGRE Metro Brokers
List Price
$250,000
Sold Price
$235,000
Premium/Discount to List
-$15,000
-6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.37%
Original Mortgage
$85,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 5, 2006
Sold by
Bauer David C and Bauer Elizabeth B
Bought by
Craner Paul E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,750
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2006
Sold by
Craner Paul E
Bought by
Craner Paul E and Craner Sharon A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,750
Interest Rate
6.5%
Mortgage Type
New Conventional
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
Cory Donna Ruth $347,500 --
White Steve L $235,000 --
White Steve L $235,000 --
Craner Paul E $198,800 --
Craner Paul E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cory Donna Ruth $329,500
Previous Owner White Steve L $85,000
Previous Owner Craner Paul E $198,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/26/2020 06/26/20 Sold $347,500 -0.4% $115 / Sq Ft
05/24/2020 05/24/20 Pending -- -- --
05/22/2020 05/22/20 For Sale $349,000 +48.5% $115 / Sq Ft
02/25/2014 02/25/14 Sold $235,000 -2.0% $133 / Sq Ft View Prior Sale
01/22/2014 01/22/14 Pending -- -- --
09/13/2013 09/13/13 Price Changed $239,900 -4.0% $136 / Sq Ft
06/26/2013 06/26/13 For Sale $250,000 -- $141 / 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 $4,439 $221,640 $50,000 $171,640
2024 $4,439 $212,960 $46,000 $166,960
2023 $4,460 $233,864 $40,000 $193,864
2022 $3,920 $135,140 $24,000 $111,140
2021 $3,520 $135,140 $24,000 $111,140
2020 $506 $117,720 $24,000 $93,720
2019 $517 $124,112 $22,000 $102,112
2018 $526 $113,104 $22,000 $91,104
2017 $2,376 $96,216 $18,000 $78,216
2016 $2,334 $94,216 $16,000 $78,216
2015 $2,254 $90,216 $12,000 $78,216
2014 $1,633 $64,972 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark Spain

    Seller's Agent in 2020

    Mark Spain

    Mark Spain

    (678) 537-8980

    65 in this area

    9,891 Total Sales

    Mark Spain
    Section Image

  • S

    Seller Co-Listing Agent in 2020

    Simon Mandell

    Mark Spain

    (678) 227-8749

    120 Total Sales

    Simon Mandell
    Section Image
  • Pamela Evans

    Buyer's Agent in 2020

    Pamela Evans

    Century 21 Results

    (678) 778-6551

    5 in this area

    80 Total Sales

    Pamela Evans
    Section Image

  • J

    Seller's Agent in 2014

    Julie Cooper

    Solid Source Realty GA

  • J

    Buyer's Agent in 2014

    Joan Chouiniere

    Better Homes and Gardens Real Estate

See All Agents

Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6727568

First Multiple Listing Service (FMLS)

APN: 244-054

Georgia Forsyth County Cumming 30041 Lake Lanier

5840 Cherokee Trace, Cumming, GA

This home is located at 5840 Cherokee Trace, Cumming, GA 30041 since 22 May 2020 and is currently estimated at $589,382, approximately $194 per square foot. This property was built in 1995. 5840 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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