NOT LISTED FOR SALE

5845 Hidden Cove Rd Gainesville, GA 30504

Estimated Value: $1,429,175 - $1,592,000

5 Beds
3.5 Baths
4,132 Sq Ft
$365/Sq Ft Est. Value

Last Sold June 19, 2020

Last sale price $1,090,000 $264 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $8,941/month

Highlights

  • 795 Feet of Waterfront
  • Lake On Lot
  • Deck
  • Covered dock with two slips
  • Lake View
  • Wooded Lot

About This Home

As of June 2020

Own an entire peninsula on southern Lake Lanier! 1.85 acre peninsula lot which controls over 6 acres on this point, 795 feet along the CORPS line, and over 1,600 feet of shoreline. There is a beautiful cedar home and detached cedar shop on this property. Home includes wood flooring, custom masonry fp, vaulted ceilings, and amazing views. Shop includes water, heat/air, & roll-up door. Dock is new with sun deck. Riprapped shoreline. Deep water. Panoramic views of Lake Lanier. Point includes 2 coves. Perfect setting for new home site here too!

Last Agent to Sell the Property

Brad Abernathy

NOT A VALID MEMBER Listed on: 01/29/2020

Last Buyer's Agent

Brian Walls

Atlanta Communities License #357861

Atlanta Communities

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,746

Year Built

  • Built in 1979

Lot Details

  • 1.82 Acre Lot
  • 795 Feet of Waterfront
  • Lake Front
  • Cul-De-Sac
  • Private Entrance
  • Sloped Lot
  • Wooded Lot
  • Garden
  • Back Yard

Parking

  • 4 Car Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Composition Roof
  • Cedar

Interior Spaces

  • 4,132 Sq Ft Home
  • 1.5-Story Property
  • Central Vacuum
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Entrance Foyer
  • Family Room with Fireplace
  • Formal Dining Room
  • Bonus Room
  • Workshop
  • Lake Views
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Open to Family Room
  • Eat-In Kitchen
  • Breakfast Bar
  • Walk-In Pantry
  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops
  • Wood Stained Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Dual Vanity Sinks in Primary Bathroom
  • Shower Only

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Covered dock with two slips
  • Lake On Lot
  • Deck
  • Separate Outdoor Workshop

Schools

  • Oakwood Elementary School
  • West Hall Middle School
  • West Hall High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Septic Tank

Listing and Financial Details

  • Tax Lot 79
  • Assessor Parcel Number 08079 000011

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,746

Year Built

Built in 1979

Lot Details

0

Parking

4

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: 1979
  • Levels Stories: One and One Half
  • Special Features: None

Property Details

  • Property: Residential Detached

Interior Features

  • Flooring: Carpet, Hardwood
  • Fireplace Features: Family Room
  • Number Of Fireplaces: 1
  • Appliances: Dishwasher, Disposal, Electric Cooktop, Electric Oven
  • Interior Amenities: Beamed Ceilings, Cathedral Ceiling(s), Central Vacuum, Disappearing Attic Stairs, Entrance Foyer
  • Basement: Crawl Space
  • Kitchen Features: Breakfast Bar, Cabinets Stain, Eat-in Kitchen, Kitchen Island, Pantry Walk-In, Solid Surface Counters, View to Family Room
  • Common Walls: No Common Walls
  • Additional Rooms: Bonus Room, Family Room, Workshop
  • Dining Room Features: Separate Dining Room
  • Square Footage: 4132.00
  • Spa Features: None
  • Window Features: None

Beds/Baths

  • Total Bedrooms: 5
  • Bedroom Features: Master on Main, Split Bedroom Plan
  • Main Bedrooms: 3
  • Total Bathrooms: 4
  • Total Full Baths: 3
  • Total Half Baths: 1
  • Main Full Bathrooms: 2
  • Main Half Bathrooms: 1
  • Master Bathroom Features: Double Vanity, Shower Only

Exterior Features

  • Other Structures: Workshop
  • Waterfront Frontage: 795
  • Construction Materials: Cedar
  • Roof Type: Composition
  • Lake Name: Lanier
  • Patio And Porch Features: Deck
  • Exterior Features: Garden, Private Front Entry
  • View: Lake

Garage/Parking

  • Number of Garage Spaces: 4
  • Parking Features: Attached, Detached, Driveway

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central, Natural Gas
  • Laundry Features: Laundry Room, Main Level
  • Utilities: Electricity Available, Natural Gas Available, Water Available
  • Electric: None

Lot Info

  • Acres: 1.8200
  • Lot: 79
  • Lot Features: Back Yard, Cul-De-Sac, Lake On Lot, Sloped, Wooded
  • Parcel Number: 08079 000011
  • Horse Amenities: None
  • Land Lease: No
  • Property Attached Yn: No

Green Features

  • Green Energy Generation: None

Tax Info

  • Taxes: 10746.00
  • Tax Year: 2019

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: Oakwood
  • High School: West Hall
  • Middle School: West Hall

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2020
Closed on
Jun 19, 2020
Sold by
Reddy Tammy L
Bought by
Caines Rodney W and Caines Christine G
Seller's Agent
Brad Abernathy
NOT A VALID MEMBER
Buyer's Agent
Brian Walls
Atlanta Communities
List Price
$1,250,000
Sold Price
$1,090,000
Premium/Discount to List
-$160,000
-12.8%
Current Estimated Value
$1,507,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$417,058
Avg. Annual Appreciation
6.23%
Original Mortgage
$400,000
Outstanding Balance
$354,569
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$1,152,489

Purchase Details

Listed on
Mar 10, 2016
Closed on
Dec 8, 2016
Bought by
Reddy K Prabhaker
Seller's Agent
Brad Abernathy
NOT A VALID MEMBER
Buyer's Agent
WENDY CHAMBERS
NOT A VALID MEMBER
List Price
$1,175,000
Sold Price
$935,000
Premium/Discount to List
-$240,000
-20.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.44%
Original Mortgage
$888,250
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2016
Sold by
Wise Sandra Jean
Bought by
Gm Delta Llc

Purchase Details

Closed on
Jul 2, 2012
Sold by
Myers Gary O
Bought by
Myers Sandra Jean Wise

Purchase Details

Closed on
Oct 24, 2007
Sold by
Myers Sandra Jean W
Bought by
Myers Gary O

Purchase Details

Closed on
Sep 29, 1999
Sold by
Myers Gary
Bought by
Myers Sandra Jean Wise
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
Caines Rodney W $1,090,000 --
Reddy K Prabhaker $935,000 --
Reddy Tammy L -- --
Gm Delta Llc -- --
Myers Sandra Jean Wise -- --
Myers Gary O -- --
Myers Sandra Jean Wise -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caines Rodney W $400,000
Previous Owner Reddy Tammy L $888,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/19/2020 06/19/20 Sold $1,090,000 -9.1% $264 / Sq Ft
05/08/2020 05/08/20 Pending -- -- --
04/30/2020 04/30/20 Price Changed $1,199,000 -4.1% $290 / Sq Ft
01/29/2020 01/29/20 For Sale $1,250,000 +33.7% $303 / Sq Ft
12/08/2016 12/08/16 Sold $935,000 -5.6% $226 / Sq Ft View Prior Sale
08/31/2016 08/31/16 Pending -- -- --
07/15/2016 07/15/16 Price Changed $990,000 -12.0% $240 / Sq Ft
05/24/2016 05/24/16 Price Changed $1,125,000 -4.3% $272 / Sq Ft
03/11/2016 03/11/16 For Sale $1,175,000 -- $284 / 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 $12,168 $490,200 $329,800 $160,400
2023 $11,954 $481,520 $329,800 $151,720
2022 $10,796 $416,800 $288,560 $128,240
2021 $10,926 $414,000 $288,560 $125,440
2020 $11,081 $407,720 $288,560 $119,160
2019 $11,066 $403,520 $288,560 $114,960
2018 $10,822 $381,760 $272,240 $109,520
2017 $10,491 $375,600 $272,240 $103,360
2016 $2,472 $288,520 $181,480 $107,040
2015 $1,725 $288,520 $181,480 $107,040
2014 $1,725 $312,600 $199,120 $113,480
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2020

    Brad Abernathy

    NOT A VALID MEMBER

    Section Image
  • Brian Walls

    Buyer's Agent in 2020

    Brian Walls

    Atlanta Communities

    (678) 644-5098

    15 Total Sales

    Brian Walls
    Section Image

  • W

    Buyer's Agent in 2016

    WENDY CHAMBERS

    NOT A VALID MEMBER

    Section Image
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Map

Source: First Multiple Listing Service (FMLS)

MLS Number: 6677431

First Multiple Listing Service (FMLS)

APN: 08-00079-00-011

Georgia Hall County Gainesville 30504

5845 Hidden Cove Rd, Gainesville, GA

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