NOT LISTED FOR SALE

5855 Lake Oak Landing Cumming, GA 30040

Estimated Value: $770,000 - $803,000

5 Beds
5 Baths
-- Sq Ft
0.65 Acres

Last Sold April 12, 2024

Last sale price $789,000

Current estimated payment $4,738/month

9 Days on Market

Highlights

  • Community Lake
  • Dining Room Seats More Than Twelve
  • Traditional Architecture
  • Matt Elementary School Rated A
  • Clubhouse
  • Wood Flooring

About This Home

As of April 2024

WOW! Call now for permanent 5.9% rate information! PRICED WELL BELOW FAIR MARKET VALUE!! Make sure to ask your Agent about the incentives offered on this beautiful home! This is an amazing opportunity to own this gorgeous home located in North Forsyth's much sought after Lake Forest! Roof, paint, carpet, garage door and appliances have all been upgraded within the last 3 years, and the full finished Basement was completely redone in 2020! Again - WOW! As you arrive you can't help be impressed with this welcoming brick-faced home and meticulous low-maintenance professional landscaping. Once you step inside, you'll be captivated by impeccable architectural features, including wainscoting, crown molding, arched doorways, columns, and pristine hardwood floors throughout. The chef's kitchen with breakfast area is a delight for any level cook, featuring custom-tiled backsplash, granite countertops, stainless steel appliances, double ovens, a functional island, and open views to the family room. The separate dining room is perfect for both large holiday gatherings and those intimate family dinners. Relax in the oversized family room boasting tons of natural light, a cozy brick fireplace, the perfect space for entertaining or quiet family time. The remaining main floor offers a formal living room, study and even a space for a home office, play room, or den. Ascending to the second level you have an oversized master retreat that includes a spa-like master bath with a separate tub and shower, a large double vanity, and a secondary storage room that could serve as a third closet, study, or workout room. Spacious secondary bedrooms with superior carpeting and two additional full baths make this home perfect for any size family. Adding to the appeal, there's a full finished basement with 4 large rooms and a full bath, the large space mirrors the eye-pleasing details of the main living area making this space versatile, suitable for a media room, game room, workout area, or guest accommodations. Finishing up, nature lovers can appreciate a covered back porch offering a picturesque view of their peaceful backyard with firepit and seating area, perfect for enjoying those perfect Georgia summer nights. Other features include a large 2 car garage, nice level driveway, great schools, and close proximity to shopping and the NEW upcoming Coal Mountain town center. And as with any neighborhood, it's all about the amenities, and we have plenty of those! Pickleball, pool w/swim team, tennis courts, fishing, lake and playground. Lake Forest is known for it's great amenities and it could be all yours...... This home truly combines elegance, functionality, and comfort for a perfect living experience. ****Rate buydown subject to terms and conditions!

Last Agent to Sell the Property

John Cook

Keller Williams Community Partners License #263822 Listed on: 02/29/2024

Keller Williams Community Partners

Last Buyer's Agent

Tara Barnes

Virtual Properties Realty.com License #268065

Virtual Properties Realty.com

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,584

Year Built

  • Built in 2003

Lot Details

  • 0.65 Acre Lot
  • Level Lot

HOA Fees

  • $100 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Slate Roof
  • Brick Front

Interior Spaces

  • 2-Story Property
  • Tray Ceiling
  • Whole House Fan
  • Ceiling Fan
  • Factory Built Fireplace
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Dining Room Seats More Than Twelve
  • Game Room
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Double Oven
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Low Flow Plumbing Fixtures

Finished Basement

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

Parking

  • Garage
  • Side or Rear Entrance to Parking
  • Garage Door Opener

Schools

  • Matt Elementary School
  • Liberty Middle School
  • North Forsyth High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • 220 Volts
  • Septic Tank
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 11

Community Details

Overview

  • $1,200 Initiation Fee
  • Association fees include swimming, tennis
  • Lake Forest Subdivision
  • Community Lake

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Swim Team
  • Community Pool
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,584

Year Built

Built in 2003

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Property Type: Residential
  • District: 3
  • Section: 1
  • Year Built: 2003
  • ArchitecturalStyle: Brick Front, Traditional
  • Electric: 220 Volts
  • Financing Type: Conventional 90%
  • Levels: Two
  • Lot Size Acres: .65
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Double Oven, Microwave
  • Bedrooms: 5
  • Dining Room Features: Seats 12+
  • Basement: Bath Finished, Daylight, Exterior Entry, Finished, Full, Interior Entry
  • Interior Amenities: Pulldown Attic Stairs, Tray Ceiling(s), Walk-In Closet(s)
  • Full Bathrooms: 5
  • Fireplace Features: Factory Built, Family Room, Gas Log, Gas Starter
  • Flooring: Carpet, Hardwood, Tile
  • Kitchen Features: Breakfast Area, Kitchen Island, Pantry

Beds/Baths

  • Lower Level Full Bathrooms: 1
  • Main Level Full Bathrooms: 1
  • Upper Level Full Bathrooms: 3
  • Bedroom Lower Level: 1

Exterior Features

  • Common Walls: No Common Walls
  • Construction Materials: Brick, Other
  • Lot Features: Level
  • Property Condition: Resale
  • Roof: Slate

Garage/Parking

  • Parking Features: Attached, Garage, Garage Door Opener, Side/Rear Entrance

Utilities

  • Cooling: Ceiling Fan(s), Central Air, Whole House Fan
  • Heating: Forced Air, Natural Gas
  • Laundry Features: Other
  • Security Features: Smoke Detector(s)
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Annual Association Fee: 1200
  • Association: Yes
  • Community Features: Clubhouse, Lake, Park, Playground, Pool, Sidewalks, Swim Team, Tennis Court(s)

Fee Information

  • Initiation Fee: 1200
  • Association Fee Includes: Swimming, Tennis

Schools

  • Elementary School: Matt
  • High School: North Forsyth
  • Middle School: Liberty
  • Elementary School: Matt
  • Middle School: Liberty
  • High School: North Forsyth

Lot Info

  • Land Lot: 604
  • Lot: 11
  • Deed Book: 6111
  • Deed Page: 36
  • Plat Book: 71
  • Plat Page: 51

Green Features

  • GreenWaterConservation: Low-Flow Fixtures

Multi Family

  • Total Fireplaces: 1

Tax Info

  • Year: 2023
  • Tax Annual Amount: 4584

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2011
Sold by
Carden William B
Bought by
Ray Christopher and Ray Cornelia J
Current Estimated Value
$788,848

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$311,888
Outstanding Balance
$209,885
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$578,963

Purchase Details

Closed on
Sep 30, 2008
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Carden William B and Carden Alice E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,200
Interest Rate
6.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2008
Sold by
Aurora Ln Svcs Llc
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jul 24, 2003
Sold by
Peachtree Residnetial Props Inc
Bought by
Kratochwil James A and Kratochwil Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
5.17%
Mortgage Type
New Conventional
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
Ray Christopher $320,000 --
Carden William B $309,000 --
Federal Home Loan Mortgage Corporation -- --
Aurora Ln Svcs Llc $315,116 --
Kratochwil James A $311,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ray Christopher $311,888
Previous Owner Carden William B $247,200
Previous Owner Kratochwil James A $105,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2024 04/12/24 Sold $789,000 -1.3% --
03/09/2024 03/09/24 Pending -- -- --
02/29/2024 02/29/24 For Sale $799,000 -- --
Source: Georgia MLS

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 $5,273 $267,708 $40,000 $227,708
2024 $5,273 $260,200 $40,000 $220,200
2023 $4,584 $239,772 $30,000 $209,772
2022 $4,809 $159,272 $24,000 $135,272
2021 $4,038 $159,272 $24,000 $135,272
2020 $3,915 $153,336 $24,000 $129,336
2019 $3,886 $151,600 $22,000 $129,600
2018 $3,520 $133,584 $22,000 $111,584
2017 $3,609 $137,128 $22,000 $115,128
2016 $3,609 $137,128 $22,000 $115,128
2015 $3,615 $137,128 $22,000 $115,128
2014 $3,233 $127,076 $22,000 $105,076
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Georgia MLS

MLS Number: 10259744

Georgia MLS

APN: 147-050